The success of DeFi applications on the Chia blockchain are deeply tied to the fiat on and off ramps that are essential to bridge the TradFi and DeFi worlds. Our clients expect frictionless solutions that allow their customers to comfortably interact with the DeFi world while bridging the gaps between DeFi and TradFi.
Our collaboration with Brale allows our customers to create and integrate Brale’s stablecoins directly into their applications. This drastically simplifies bringing funds on chain, moving funds between chains when needed, and ensuring at all times the funds maintain their value
The collaboration however is about more than just offering stablecoins on the Chia blockchain. Both companies focus on delivering compliance and security, ensuring that the collaboration protects users assets. Going a step further, the deterministic nature of stablecoins, together with the native determinism of the coinset model, means that users get complete predictability when transacting. This is critical in attracting new users who are apprehensive of DeFi.
For Chia builders, the integration brings fiat-backed stablecoins; combining issuance, redemption, custody, reserve management, compliance controls, and on- and off-ramps in one place. When combined with recent updates simplifying creation of Chia Asset Tokens (CATs), it's easier than ever to create and trade assets on-chain. This allows our enterprise clients to focus on the products and markets they are building; our work with Brale ensures the decentralized foundation is secure and adaptable to enterprise needs.
With this collaboration real world assets on the Chia blockchain can interact seamlessly with traditional finance. This however is just the start, we are continuing to innovate to make trading on Chia as frictionless as possible and make DeFi something for everyone.
Useful links: