Press Release
The Evolution of Stablecoins: From Centralized to Decentralized Options
Dubai, UAE, Stablecoins represent a significant innovation within the crypto ecosystem. Many crypto enthusiasts viewed this development as a crucial advancement in bridging the traditional finance sector and decentralized finance (DeFi), potentially attracting a more risk-averse audience to the industry. Throughout their brief existence, stablecoins have undergone changes, mirroring the community’s quest for more robust yet decentralized mechanisms.
Stablecoins are digital currencies created on the blockchain whose value is supported by collateral. While the employed collateral models may differ, stablecoins always pursue the same objective: price stability.
Fiat-backed Stablecoins
Stablecoins were created to address the volatile nature of cryptocurrencies. The initial set of stablecoins was largely centralized and tied to traditional currencies like the US Dollar or Euro. These stablecoins ensured stability by backing each coin with a 1:1 reserve of the underlying fiat currency.
Tether (USDT), released in 2014, is an example of a centralized, fiat-backed stablecoin. USDT aimed to deliver stability by reserving an equivalent amount of USD for every token it issued. This approach established trust among users, enabling them to trade and hold assets without concern for market fluctuations.
Unsurprisingly, trust issues are among the most pressing challenges of fiat-based (and typically centralized) stablecoins. Users had to rely on the issuing entity to maintain sufficient reserves and process redemptions, simultaneously raising legal and regulatory concerns. Moreover, this undermined the fundamental principle of decentralization in cryptocurrencies, as users had to depend on a single central authority.
Crypto-backed Stablecoins
Recognizing the constraints of centralized stablecoins, the DeFi community started working on decentralized options. These options sought to maintain crypto’s underlying principles while offering stable value. The search has led to the emergence of crypto-backed stablecoins, whose value is tied to another cryptocurrency.
This innovative model promotes transparency and reduces the need for a central authority. The issuance and redemption of crypto-backed stablecoins are governed by smart contracts, thus maintaining decentralization. In addition, all transactions and reserves are openly visible on the blockchain, allowing for complete visibility and auditability of the stablecoin’s operations. MakerDAO’s DAI, introduced in 2017, is one example of a crypto-backed stablecoin.
Among the disadvantages of such a model are over-collateralization and overall complexity. Users face the challenge of over-collateralization, which requires them to lock up a greater value in collateral than the stablecoins they receive. This can limit the system’s capital efficiency. Additionally, the complexity of the mechanisms used to maintain the peg can be daunting for users to comprehend and navigate effectively.
Algorithmic Stablecoins
Algorithmic stablecoins, such as Ampleforth (AMPL) and TerraUSD (now TerraClassicUSD (USTC)), operate in a unique manner by forgoing collateral backing and instead utilizing algorithms to regulate supply based on demand. If the price shifts away from the target, the algorithm adjusts the supply to stabilize the rate.
The advantages of algorithmic stablecoins include users’ capital efficiency, as they do not require over-collateralization. They also have the potential for scalability since they are not limited by collateral reserves. However, algorithmic stablecoins face challenges in maintaining stability. For instance, the TerraUSD price dropped significantly in just two weeks and never recovered, prompting the Terra community to rename the asset and vote for other changes.
Commodity-backed Stablecoins
Commodity-backed stablecoins are attached to the value of physical assets like precious metals, oil, real estate, etc. Such an approach allows people to invest in real-world assets, similar to buying on the stock market. For example, acquiring a gold bar and finding a secure place to store it can be complicated and pricey. Consequently, keeping tangible assets such as gold might not always be a practical choice. Gold-backed stablecoins, such as Tether Gold (XAUt) and Paxos Gold (PAXG), give you another option.
Among the apparent disadvantages of this model is the inaccessibility of all commodities. While some holders of gold-backed stablecoins can exchange their tokens for real gold, holders of other commodity-backed stablecoins are not always so lucky. For instance, Venezuela’s exploratory Petro stablecoin, now dead, was not redeemable for a barrel of oil. Still, this stablecoin model continues generating interest from crypto owners and people outside the crypto industry.
Final Thoughts
Stablecoins have come a long way from their centralized origins, evolving into advanced instruments that bolster the DeFi ecosystem. Whether using collateralized or algorithmic methods, the goal of creating a stable and decentralized currency continues to drive innovation. As a result, stablecoins are expected to play a crucial role in shaping the financial landscape, offering stability and confidence in an ever-changing digital economy.
Kinetex Network: Website | Kinetex dApp | Blog
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
LFG Inc., a leader in bridging decentralized and traditional finance, has partnered with GlobiancePay to launch the LFG Debit Card. This innovative debit card allows users to seamlessly spend their digital assets at any merchant that accepts debit card payments worldwide, including ATM access, making it a powerful tool for integrating cryptocurrency into daily transactions.
GlobiancePay is a NeoBank that offers a comprehensive suite of services for businesses of all types.
GlobiancePay’s wide range of banking, payment, and financial features empower businesses with digital and traditional payment solutions that can be tailored to specific needs. Additional business features include; Tokenized securities, securities launchpad, and business ‘Cloud Banking’ with direct deposits. Quick-access deposit widgets, white-label services, and customizable card programs enable businesses to incorporate their distinct brand identity onto customized cards and white-label products.The LFG Debit Card introduces an exciting new feature: access to the Gala Staking Program. Black Card holders can now stake $GALA tokens, unlocking rewards and deepening their engagement with the Gala ecosystem.
Uniting Web2 and Web3 for Practical Adoption
Oliver Marco La Rosa, CEO of GlobiancePay, shared his excitement for the partnership:
“Our collaboration bridges reliable financial infrastructure with the versatility of Web3. Together, we’re making it simpler and safer for users to utilize their digital assets in everyday transactions.”
Jason ‘Bitbender’ Brink, CEO of LFG, noted:
“The LFG Debit Card, in partnership with GlobiancePay, is a significant step toward mainstream crypto adoption. This card brings the practicality of crypto to people’s daily lives, powered by the transparency and security of blockchain technology.”
Three Card Options to Suit Every User
Designed for diverse user needs, the LFG Debit Card offers three options, each benefiting the Gala ecosystem through GALA token burning:
– LFG Black Card: A premium card offering exclusive benefits, including access to the Gala Staking Program, fee-free global transactions, and a sleek, professional design.
– LFG Orange Card: A physical card for everyday convenience, supporting seamless crypto-to-fiat transactions worldwide.
– LFG Virtual Credit Card: A digital-first card perfect for online shopping and contactless transactions, offering instant issuance and global usability.
Key Features
- Gala Staking Rewards: Black Card holders can stake $GALA tokens to earn valuable rewards, fostering community engagement and amplifying user incentives.
- Global Acceptance and ATM Access: Usable at any merchant that accepts debit cards, with full ATM access worldwide.
- Enhanced Security: Visa-backed multi-layered security ensures every transaction is protected with features such as real-time fraud detection and multi-factor authentication.
- Flexible Loading Options: The card supports a variety of cryptocurrencies, including Bitcoin, Ethereum, $GALA, Tether USDT, Solana, and more. Each card type offers unique fee structures tailored to user needs.
A New Path for the Gala Staking Pool
A portion of each crypto loading fee will be directed to the Gala staking pool, enhancing rewards for users while contributing to the ecosystem’s growth. This model underscores LFG’s commitment to aligning with Web3 principles, creating a cycle of value and utility for the Gala community.
With Visa’s global network and GlobiancePay’s expertise, the LFG Debit Card empowers users to seamlessly integrate cryptocurrency into their daily lives, combining the ease of Web2 with the transformative power of Web3 technology.
For More Information
Visit: https://debit.lfg.inc/support-form
Join our community on Discord for the latest updates and to connect with other users.
Refer to our step-by-step guide: Complete Guide to Getting Started with LFG Cards
Media Contact:
Contact person: Oliver larosa (CEO)
Email: olr@globiancepay.com
Website: www.globiancepay.com
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Dr. Thomas Luke, Ph.D., received a double nomination for the prestigious 2025 Nobel Prize in Peace and Literature.
Prof. Luke’s articles have appeared in peer-reviewed academic journals including The Doctrine of Eternal Security: A Reflection on Perseverance of the Saints and Geography of the Bible: Exploring the Physical and Historical Context of the Old Testament Scriptures.
The Least of These, second edition: has received the 2025 Nobel Prize in Peace Nomination, and his Ph.D. dissertation, Transformational Theology, has also recently been nominated for the 2025 Nobel Prize in Literature Nomination.
“I am humbled to have been nominated for such a prestigious prize, even if I do not win. I also want to thank my loving wife and ministry partner Johana for being another great blessing in my life.
Luke and his wife Johana Carolina Sopacua, MA work together as ministry partners in Bali, Indonesia where they were recently married in October 2024. The nominations for the Nobel Prize in Literature and Peace serve to underscore their dedication to doing good works the world over.
For more information, please visit Dr. Luke’s website: DrLuke.tv
About the Nobel Prize Organization
The Nobel Foundation is tasked with a mission to manage Alfred Nobel’s fortune and has ultimate responsibility for fulfilling the intentions of Nobel’s will.
www.nobelprize.org
Media Contact
Organization: DrLuke.tv
Contact Person: Dr. Thomas Luke, Ph.D.
Website: https://drluke.tv/
Email: Send Email
Contact Number: +17868330570
City: Miami
State: Florida
Country: United States
Release Id: 11012522419
The post SCHOLAR RECEIVE NOMINATIONS FOR A NOBEL PRIZE IN PEACE AND LITERATURE appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Summary: Riema Labs Inc. (Nubit) introduces Goldinals, a Bitcoin-native token protocol designed to unify fragmented asset standards, enable programmability, and bring trustless innovation to Bitcoin.
Grand Cayman, Cayman Islands – Bitcoin’s growing ecosystem has given rise to various meta-protocols like BRC-20, Ordinals, and Runes, creating a fragmented and often inefficient environment for digital assets. Riema Labs Inc. (Nubit), a pioneer in Bitcoin-native infrastructure, has unveiled Goldinals, a unified protocol for Bitcoin assets, a trust-minimized fungible token standard that promises to unify these protocols and bring advanced programmability to Bitcoin, all while adhering to Bitcoin’s core principles of security and decentralization.
What Is Goldinals?
Goldinals is a unified protocol for Bitcoin assets.
Bitcoins unmatched security has solidified its dominance, but its lack of global state and native programmability has limited its utility for asset issuance. Protocols like BRC-20 and Ordinals rely on off-chain indexers, introducing inefficiencies and trust issues.
Goldinals eliminates these pain points by bringing two advancements:
- A unified, trust-minimized protocol that allows seamless interoperability across existing standards like BRC-20, Ordinals, Runes, and CAT. Developers no longer need to design fragmented, one-off solutions for new assets.
- Native programmability powered by BitVM, enabling the on-chain execution of advanced logic such as token gating, multi-signature wallets, and conditional transfers–all without sacrificing Bitcoin’s core principles of security and decentralization.
For developers, Goldinals offers an ERC-20-inspired API—Deploy, Mint, Transfer, and Burn–making it intuitive to create scalable applications. For users, Goldinals ensures that all operations are validated directly on-chain, delivering a seamless, secure, and unified experience for Bitcoin-native assets.
Unifying Bitcoin’s Asset Ecosystem
Bitcoin’s asset ecosystem has become a tangle of competing protocols, each with its strengths and limitations. BRC-20, for example, enabled native tokens on Bitcoin but relies heavily on centralized indexers for state management, creating vulnerabilities. Ordinals revolutionized data inscription but offers limited programmability. Other protocols, like CAT, require changes to Bitcoin’s consensus rules, which makes widespread adoption impractical.
Goldinals solves these problems by unifying Bitcoin’s asset ecosystem into a single standard that combines compatibility, security, cost-efficiency and scalability. Key features include:
- Full compatibility with existing protocols like BRC-20 and Ordinals, ensuring that developers don’t need to reinvent the wheel to build new features.
- Interoperability across applications, enabling seamless integration of both current and future innovations.
- Trust minimization, achieved by validating every operation directly on Bitcoin using zero-knowledge proofs (ZKPs) and BitVM, eliminating reliance on centralized services or external indexers.
- Reduced transaction costs and improved scalability, powered by ZKPs for state compression and BitVM for off-chain computation. This ensures even complex operations are efficient, cost-effective, and secure.
Goldinals creates an environment where wallets, exchanges, and developers can operate without fragmentation, turning Bitcoin into a cohesive platform for decentralized finance, token issuance, and programmable assets.
Goldinals: The Gold Standard for Bitcoin Assets
Goldinals doesn’t merely address Bitcoin’s current challenges–it redefines its future. By combining trust minimization, native programmability, and ecosystem unification, Goldinals enables applications and assets that were previously unimaginable on Bitcoin. From trustless crowdsales to DeFi protocols, Goldinals is paving the way for Bitcoin to become the ultimate platform for decentralized innovation.
As Bitcoin’s ecosystem continues to expand, Goldinals is set to become the definitive standard for fungible tokens, driving adoption and innovation across the network.
To learn more about Goldinals and explore the full research, check out the detailed whitepaper here: https://www.nubit.org/Goldinals.pdf
About Riema Labs Inc. (Nubit)
Building the Trustless World Computer for Bitcoin.
Founded by UCSB professor Yu Feng, Riema Labs Inc. (Nubit) is building the Trustless World Computer for Bitcoin, enabling open scaling through Bitcoin-native technology. Riema Labs Inc. (Nubit) lets developers build any native application, onboarding the world to Bitcoin. Backed by Polychain.
X (Twitter): https://x.com/Nubit_org
Linktree: https://linktr.ee/Nubit_org
Company Name: Riema Labs Inc.
Contact Person: Xavier Teh
Contact Email: Xavier@riema.xyz
Website Link: https://www.nubit.org/
Company Logo: Riema Branding Resources
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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