Day: August 16, 2021

The First Euro Stablecoin Gets a Boost

There’s a chasm between the fast-developing world of decentralized finance (DeFi) and the old-school world of regulated TradFi, or traditional finance. The core rationale of DeFi is that there is no central entity in charge of authorizing or overseeing transactions. And as more DeFi products come to market, that chasm grows wider, like a centrifugal force pulling the two worlds apart. Luckily, decentralized stablecoins can bridge the divide between DeFi and TradFi. The very idea may sound contradictory, but it’s made possible by using a parallel system. Parallel stablecoins are…

Bitcoin ATMs and the Road to Adoption

Last week, I published a report looking at the resurgent growth of the crypto community in Puerto Rico. Bull markets are a breeding ground for tax minimization strategies and crypto’s wildest ambitious to remake the world. And while there is a crush of rich crypto investors, builders and founders to the island known for its lenient tax code, crypto is just another professional, white-collar industry there. Andrew Barnard, founder and president of Bitstop, one of the largest bitcoin ATM networks, wrote in offering insight into what crypto is like on the ground.…