The 1inch co-founder said crypto is evolving into an independent economic zone, where hundreds of billions flow through decentralized protocols. “Crypto isn’t just about adopting stablecoins or building national digital currencies,” Bukov said.“It’s a growing global liquidity hub.”He said that this liquidity is dynamic and allows financial experimentation, yield strategies and cross-border capital movement. Bukov added that countries that align their regulations to enable easier access to this global liquidity can tap into economic opportunities and cooperation.“The more countries trade with each other, the more they succeed.
No one’s going to invest those hundreds or tens of dollars into them because they will never return to them,” Bukov added. Unlike traditional finance, which has high barriers to entry, Bukov said DeFi allows the unbanked to become a part of the global economy and engage in real-life transactions using stablecoins like Tether’s USDt (USDT). With lower barriers to entry, DeFi becomes a tool for financial inclusion.
Just connect and transact.” Bukov said that this gives DeFi an edge over traditional financial institutions in reaching the 1.4 billion unbanked people who remain excluded from traditional finance due to high onboarding expenses.1inch Network co-founder Anton Bukov at the Dutch Blockchain Week.
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Author / Journalist: Cointelegraph by Ezra Reguerra
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