Digital assets pegged directly to fiat currencies (like the US Dollar) to eliminate price volatility while retaining blockchain speed.
Sending money from one country to another is notoriously broken. A traditional wire transfer can take 3β5 days, cost $25β$50 in fees, and involve up to three intermediary banks, each taking a cut. payment
Seashells, salt, and cattle became early forms of . By 1000 BC, China introduced metal coins, and soon after, precious metals like gold and silver became the global standard. A payment in gold was universally accepted because the metal itself held intrinsic value. Digital assets pegged directly to fiat currencies (like
Despite rapid innovation, the payment industry faces significant headwinds: cost $25β$50 in fees