Description
NEAR Money is a non-custodial, permissionless stablecoin protocol on the NEAR Protocol blockchain, aimed at revolutionizing the decentralized finance (DeFi) landscape. It offers a main product, a stablecoin pegged 1:1 to the USD, designed for stable transactions and savings within the NEAR ecosystem. The platform employs smart contracts for minting, borrowing, and management of these stablecoins, ensuring financial inclusivity, efficiency, and eliminating the need for intermediaries. Built on the NEAR blockchain's strengths of scalability, security, and low transaction costs, NEAR Money strives to provide instant transactions at negligible fees for a global audience. It serves various users, from those looking for stable value storage to developers and DeFi participants interested in using stablecoins for diverse financial purposes. Additionally, NEAR Money positions itself as an all-in-one banking solution, enhancing the Web3 experience with a seamless crypto-fiat transition, operating on a bank-as-a-service model, which underscores its vision of delivering a new standard in fund management through blockchain technology.
NEAR Money is a non-custodial, permissionless stablecoin protocol on the NEAR Protocol blockchain, aimed at revolutionizing the decentralized finance (DeFi) landscape. It offers a main product, a stablecoin pegged 1:1 to the USD, designed for stable transactions and savings within the NEAR ecosystem. The platform employs smart contracts for minting, borrowing, and management of these stablecoins, ensuring financial inclusivity, efficiency, and eliminating the need for intermediaries. Built on the NEAR blockchain's strengths of scalability, security, and low transaction costs, NEAR Money strives to provide instant transactions at negligible fees for a global audience. It serves various users, from those looking for stable value storage to developers and DeFi participants interested in using stablecoins for diverse financial purposes. Additionally, NEAR Money positions itself as an all-in-one banking solution, enhancing the Web3 experience with a seamless crypto-fiat transition, operating on a bank-as-a-service model, which underscores its vision of delivering a new standard in fund management through blockchain technology.
