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“Algorithm + Credit” Rebuild the Value Foundation of DeFi

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5 years ago

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DeFi still has higher attention, with rapid technological innovation and continuous expansion of application scope, The goal of DeFi is undoubtedly to build a more effective, free, and transparent financial ecology. However, finance always develops with money and brings value exchange. Therefore, whether it is a decentralized scenario or a mass application toward reality in the future, stable cryptocurrency is crucial for users, so as to realize the dream of making virtual ideas become reality.

For this reason, in the field of cryptocurrency, many teams have been exploring stable currency. According to CryptoQuant data, stabilecoin holdings on global crypto exchanges hit a high record of $9.8 billion as of March 28, 2021. At the same time, the total stable currency market capitalization once topped $80 billion, according to CoinGecko, the current daily trading volume of all stable currencies is about $118.340 billion. Also, CoinMarketCap shows there are 16 mainstream stable currencies now.

The stable currency is illusory?

In general, both USDT and DAI are still on their way and haven’t really achieved the goal of “stable currency”. Tether’s White Paper said: “Tether is a decentralized cryptocurrency, but we are not a perfectly decentralized company. We store all of our assets as a centralized pledge.” Therefore, USDT is just borrowing the name of the cryptocurrency, but it is not really decentralized.

DAI, developed by MakerDao, is the largest decentralized stable currency on Ethereum. It is issued with the guarantee of the full amount of assets on the blockchain. It is only generated in the application scenario based on the mortgage, and the market value of the mortgage assets is the ceiling of it. Therefore, these stable currencies are illusory in a sense.

Will algorithmic stable currencies finally fail?

Now let’s take a look at the development process of algorithmic stable currencies, known as the holy grail of cryptocurrency. From stable currency1.0 represented by AMPL, stable currency2.0 represented by Basis Cash to stable currency 3.0: Frax Finance, all of them have gone through a period of growth. However, the stable currency reality is that we live under the sense of “ever-changing”, and stable value is still in the ideal.

AMPL algorithmic stable currency is used to increase or decrease the supply of AMPL in order to keep the price of AMPL around $ 1. Ampleforth uses Rebase operation to change the AMPL held by all users as a whole. The Rebase price is based on the average price of the past 24 hours. When this price is above $1.05, the AMPL balance in all users’ wallets increases simultaneously. At prices below $0.95, all users’ AMPL balances decrease simultaneously. During this process, the percentage of AMPL held by users in the supply does not change. It looks like everything is fine on its own, but when the price of cryptos falls to the point where deflation is needed, both the quantity and price of coins held by users are falling, so users face a double whammy.

So it’s easy to create a death spiral. Similarly, when crypto price rises, it is easy to create an upward death spiral. Thus it can be seen that this price model only has two possibilities: the price continues to fall, get into the infinite death circle and leave the market, and the price rises steadily to around 1USDT; Prices rising, the AMPL has been printing (dividend), AMPL reserve disappeared, crypto began to value return, people in loss cannot gain AMPL, prices will fall back near 1 USDT (need funds continue getting into the market), so it is difficult to see AMPL achieve speculation, meanwhile achieve stability, And stability is a necessary condition for a stable currency.

Basis Cash, as represented by 2.0, includes three tokens, Basis Cash (BAC), Basis Share (BAS), and Basis Bond (BAB), among which BAB is non-transferable. The BAC is the stable currency, anchored to $1; BAS is an equity token, and newly-minted BAC tokens can be allocated. BAB is a bond. There is nothing wrong with Basis Cash based on the algorithm itself, but without a good application scenario, relying on the debt market itself is dangerous. There is actually a problem with debt financing in traditional markets, where those “too big to fail” entities can take on the risk of impunity through socialized bailout costs. It is entirely possible that Basis Cash could go into a debt spiral, in which case there would be no willing contributors, the debt would accumulate and the protocol would collapse.

Finance FX is the first partial algorithmic stable currency project, adding the concept of using “partially stable” as a collateral asset to the existing algorithmic stable currency. There are two types of tokens in Frax, the stabilization token Frax, and the governance token FXS. Frax costs USDC and FXS, but only USDC during creation. The initial mortgage rate is 100%, that is, all USDC mortgage is used to cast FRAX. After that, the mortgage rate will be adjusted every hour. If the price of FRAX is more than $1, the mortgage rate will be reduced and FXS ‘share in it will be increased. Raise the mortgage rate if the Frax falls below $1. The mortgage rate is adjusted every hour by 0.25% each time. But its high mortgage ratio leads to the lack of user appeal, its currency numbers and market supply have been stagnant.

Although the above three generations of stable currencies seem to be making breakthroughs and innovations, they do not give a satisfactory answer on how to solve the credit problem. However, algorithm stable currency that cannot solve the credit problem is useless. Bitcoin came into being to solve the problem of credit, but the stable currency, as an important extension of its development, has not inherited the legacy of credit, and is still stuck in the algorithm.

Crypto Credit Network (CCN)

In the financial field, credit is the foundation and the lifeblood. This is true of both traditional and modern financial systems. In the traditional financial system, credit mainly relies on the guarantee of laws and institutions. Apart from the high operation cost, the “credit crisis” gradually exposed by financial intermediaries is the fundamental reason why people urgently embrace the blockchain technology. Algorithm stable currency is going to help cryptos solve the credit problems, guaranteeing machine credit by algorithm, which does not rely on third-party subjective will and makes transaction transparent, efficient, reliable, and stable, let people who do not have to establish credit relationship between each other to achieve cooperation and free trading, reduce the cost of credit.

However, the world of blockchain cryptocurrency is a chaotic existence without a role name. To change from chaos to brightness, each individual needs to have his or her own identity, so that we can obtain the faith like phoenix nirvana. The CCN gives each individual a unique CID (Crypto Identification), which is the most basic rule in the Crypto world. To build a new crypto world of order, autonomy, and equality.

The construction of CCN not only takes blockchain technology as support, but also has a reasonable economic incentive mechanism. Reasonable use of incentive mechanism is an effective means to stimulate all parties to participate in the construction of CCN.

A sound incentive mechanism, reasonable mechanism design from the perspective of leading efficiency and fair governance, can make the value generated by credit information flow effectively to the value provider in the blockchain world, punish the evil behavior, and resolve the conflict between individual interests and collective interests. It makes the individual’s behavior of pursuing individual interests unified with the goal of maximizing collective value.

Therefore, CCN can further clarify the economic interests of each participant and the overall interests of the network, so as to fully mobilize the enthusiasm of each participant and guarantee great development of CCN from the source.

The CCN consists of three different identities: Creator, Guardian, and Angel, all of them have established screening mechanisms. Only firm believers can obtain the CCN identity. Early believers are required to contribute to maintaining the stability of early CCN by burning GAC tokens. Therefore, they are not only holders of GaeaCoin, but also determined preachers and builders. When GaeaCoin issues additional shares, it will also receive a corresponding percentage of GAC tokens as a reward.

The establishment of this system aims to provide every GaeaCoin participant with the opportunity to contribute to the community construction, and to create a healthy crypto community culture of dedication and autonomy through consensus, symbiosis, co-construction, and sharing.

In CCN, although the identity is different, the residents on the chain of CCN build the initial transaction link according to their CID address, and constantly expand CCN on the chain. Open CID needs to be recommended by the network resident, once the link is formed, it cannot be changed forever. Each of the three different identities requires a different number of GAC tokens to burn, which can be viewed on the GaeaCoin network. GaeaCoin network residents have different rights according to their status.

The integration with the DEX: OxySwap has pioneered a full range of applications

There is a natural interdependence between exchange and stable currency. The exchange has always been an important part of crypto digital asset market, and it is also the first application place of stable currency. Like Binance with BUSD and Huobi with HUSD, OKEx also launched USDK on June 3, 2019. Traditional CEXs are fiat currencies, where fiat currencies are exchanged for cryptos. If you want to buy crypto digital assets, you need to top up fiat currency, which undoubtedly increases the economic and time costs of investors in the process of exchange. The emergence of a stable currency can not only solve the above problems but also effectively avoid legal risks in the process of the transaction.

As it should be, the integration of GaeaCoin ecology and OxySwap not only lay a solid foundation for stable currency: GAC token application, but also creates opportunities for it to open up more and wider application scenarios.

OxySwap is a decentralized exchange running on the BSC with a collection of DEX liquidity mining, which offers functions of exchange, liquidity, market making, and so on. The strength of OxySwap guarantees the usages of the stable currency: GAC.

GAC will lead a brighter way

GaeaCoin algorithm stable currency: GAC dares to face the challenge, according to the industry news, GAC praises is not only relatively stable from the concept, but also to really put into application. In addition to GAC (GaeaCoin), GaeaCoin ecology also includes GAB (GaeaCoin Bond) and GASH (GaeaCoin Share), which serve to maintain the stability of GAC. GaeaCoin Ecology also integrates GaeaCoin protocol, algorithm, robustness, price response, encryption, and other technologies, superposed with the DeFi ecology of Crypto Credit Network (CCN), OxySwap (DEX), and so on, providing a realistic solution for GAC, and leads it to move towards the real “stability”.

The integration of CCN and OxySwap points out the direction for the application of algorithmic stable currency. In fact, we can already feel the power of the GaeaCoin algorithm stable currency, and once it is used at a large scale, the ideal stable currency is expected to arrive ahead of time. DeFi will also build on this basis, using currency, lending, spot trading, and other components to build continuously upgraded Lego of DeFi.

GaeaCoin’s move directly challenges the world’s centralized stable currency giants such as USDT and USDC, but compared to the previous challenges of AMPL, BAC, and FRAX, this well-prepared challenge looks more anticipated!

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

PineX Capital Launches MetaTrader 5 as Prop Firm Expands Trading Platform Offering

Published

19 minutes ago

on

September 1, 2026

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Dubai, UAE, September 1st, 2026, FinanceWire

The growing prop firm has added MetaTrader 5 to its platform offering, giving its international trader community more choice in how they trade.

PineX Capital has announced the launch of MetaTrader 5 (MT5), expanding the trading platform options available across its prop trading programmes.

The introduction of MT5 marks the latest stage in PineX Capital’s growth, with more than 20,000 traders now using the firm’s simulated trading programmes.

MetaTrader 5 is one of the most widely recognised platforms in the trading industry, offering advanced charting, technical analysis tools and a familiar environment for experienced forex and CFD traders.

For PineX, introducing MT5 gives traders greater choice over the technology they use when completing an evaluation and managing a PineX Trader Account.

Arlind I, CEO of PineX Capital, said: “Many experienced traders have spent years using MetaTrader and have built their trading routines around the platform. Adding MT5 gives those traders the opportunity to use PineX without moving away from a trading environment they already know. It’s an important addition for us as we continue to grow internationally.”

PineX Continues to Expand Its Prop Trading Offering

The MT5 launch comes as PineX continues to develop its range of programmes and features for prop traders.

The firm currently offers 1-Step and 2-Step Challenges alongside Instant Funding and Pay Later programmes, with available account sizes ranging from $5,000 to $300,000 depending on the programme selected.

Eligible traders can also progress through PineX’s Scaling System, which provides the opportunity to scale simulated trading capital up to $2 million.

PineX provides simulated trading across a range of markets, including forex alongside CFDs covering indices, metals, commodities, stocks and cryptocurrencies.

Manual trading approaches including day trading, swing trading and scalping are permitted, subject to the rules of the individual programme.

The addition of MT5 forms part of PineX Capital’s wider international growth as the firm continues to expand beyond its established presence in German-speaking markets.

Arlind continued: “Different traders want different things from a prop firm. That applies to the programme they choose, the account size they start with and the platform they prefer to trade on. Our focus is on continuing to give traders more choice while maintaining clear trading rules and opportunities to scale.”

All PineX Trader Accounts operate within a simulated trading environment, with no actual orders executed in financial markets.

MetaTrader 5 is now available to eligible PineX Capital traders, subject to programme rules and geographic restrictions.

About PineX Capital

PineX Capital is a proprietary trading firm providing traders with access to simulated funded trading accounts through transparent evaluation programmes and direct funding models. Built around fairness, flexibility and trader development, PineX Capital offers competitive profit splits, straightforward trading rules and dedicated support to help traders progress with confidence. Originally established in Germany, the company is expanding internationally to serve a growing community of traders across Europe and beyond.

For more information about PineX Capital and its funded trading programmes, users can visit the company’s website.

Contact

CEO
Arlind I
PineX Capital
support@pinexcapital.com

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Press Release

HUIYU FINANCE EXPO HONG KONG 2026 Highlights Financial Technology and Innovation

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1 hour ago

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September 1, 2026

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HUIYU FINANCE EXPO HONG KONG 2026 will take place on September 22–23 at Regent Hong Kong, 18 Salisbury Road, Tsim Sha Tsui, Kowloon, bringing together financial institutions, FinTech companies, technology providers, investors, and industry professionals. The event will focus on global finance, financial technology, cross-border collaboration, AI, digital assets, payments, green finance, and regulatory developments.

Hong Kong S.A.R., 1st Sep 2026 — HUIYU FINANCE EXPO HONG KONG 2026 will take place on September 22–23, 2026, at Regent Hong Kong, bringing together financial institutions, FinTech companies, technology providers, digital asset and blockchain businesses, payment service providers, investors, and industry professionals from across the global financial ecosystem.

With the positioning “Connecting Global Finance & Innovation,” the two-day event will focus on financial technology, cross-border finance, digital assets, blockchain, payments, artificial intelligence, green finance, regulatory developments, and emerging financial infrastructure.

The Expo is expected to welcome participants from more than 20 countries and regions, feature over 50 industry forums and keynote sessions, and receive support from more than 100 partners and media organizations.

As financial markets continue to evolve through digital transformation, emerging technologies are becoming increasingly integrated with traditional financial services and market infrastructure. At the same time, financial institutions and technology companies are navigating changing regulatory frameworks, new market structures, and growing demand for more efficient cross-border connectivity.

Against this backdrop, HUIYU FINANCE EXPO HONG KONG 2026 aims to create an international platform where finance, technology, innovation, and business collaboration can come together.

Connecting the Global Financial Ecosystem

Connecting the Global Financial Ecosystem, Creating the Future of Financial Technology is a central positioning of HUIYU FINANCE EXPO HONG KONG 2026.

The event will bring together participants from banking, insurance, securities, funds, payments, FinTech, blockchain, digital finance, professional services, and related technology sectors.

By connecting financial institutions, technology companies, investors, service providers, and industry experts from different markets, the Expo aims to create a broader network for professional exchange and international cooperation.

Hong Kong’s role as a major international financial center provides a natural setting for this global connection.

Positioned in Hong Kong and connecting the world, HUIYU FINANCE EXPO HONG KONG 2026 will seek to strengthen dialogue between established financial institutions and emerging technology companies while creating new opportunities for cooperation across markets.

Innovation at the Center of the Financial Future

Financial technology innovation will form a major part of the event program.

Conference sessions and industry discussions will explore developments in artificial intelligence, digital assets, blockchain technology, payment innovation, green finance, cross-border finance, regulatory technology, and financial infrastructure.

The Expo will provide a platform for industry professionals to exchange perspectives on emerging technologies, explore practical applications, and discuss how innovation can develop alongside security, compliance, and responsible financial practices.

Key areas of discussion are expected to include:

Global financial market developments
Financial technology and innovation
Artificial intelligence in financial services
Digital assets and blockchain ecosystems
Cross-border finance and payments
Green finance and emerging technologies
Trading security and investor protection
Regulatory and compliance developments
Financial infrastructure and digital transformation

Through these discussions, HUIYU FINANCE EXPO aims to provide participants with deeper insight into the trends shaping the next stage of global finance.

Connect · Innovate · Business

The core values of HUIYU FINANCE EXPO HONG KONG 2026 are built around three ideas:

Connect · Innovate · Business

Connect represents the Expo’s goal of bringing together global financial institutions, technology companies, investors, professional service providers, and industry experts.

Innovate reflects the event’s focus on financial technology, emerging applications, and the continued evolution of the global financial ecosystem.

Business highlights the importance of practical cooperation, business matchmaking, professional networking, and the development of long-term commercial relationships.

Alongside keynote presentations and panel discussions, the Expo will feature dedicated exhibition areas, professional networking sessions, and business-matching opportunities.

These activities are designed to help participants introduce technologies and services, exchange market knowledge, identify potential partners, and explore new opportunities for international cooperation.

Hong Kong at the Heart of Global FinTech

Hong Kong continues to play an important role as one of Asia’s major international financial centers and as a gateway connecting Mainland China, Asia, and global capital markets.

The city has a well-established financial ecosystem that includes banks, securities firms, asset managers, insurers, payment providers, FinTech companies, technology businesses, and international professional service firms.

The continued development of digital finance and financial technology has further strengthened Hong Kong’s position as a meeting point for traditional finance and emerging innovation.

By bringing HUIYU FINANCE EXPO HONG KONG 2026 to Hong Kong, the event aims to create a platform for participants from different countries and regions to exchange ideas, establish professional connections, and explore opportunities across the wider Asia-Pacific and international financial markets.

Huiyu Awards to Highlight Industry Standards

HUIYU FINANCE EXPO HONG KONG 2026 also plans to host the annual Huiyu Awards, an industry program focused on trading security, service quality, professional standards, and the long-term development of the financial ecosystem.

The awards are expected to bring together traders, brokers, industry professionals, and financial market representatives for recognition and professional exchange.

Through the program, HUIYU FINANCE EXPO aims to encourage greater attention to trading security, investor protection, service standards, and regulatory responsibility while recognizing organizations contributing to the development of a more sustainable financial ecosystem.

Together for Value, Together for the Future

HUIYU FINANCE EXPO continues to develop its international presence with a focus on connecting financial institutions, technology companies, investors, and industry professionals across major financial and FinTech markets.

Future editions and related activities are planned across international financial centers including Singapore, Dubai, Sydney, Limassol, and Hong Kong.

Through conferences, exhibitions, professional networking, business matchmaking, and international industry exchange, HUIYU FINANCE EXPO aims to build an open platform for financial technology communication and global collaboration.

Together for Value, Together for the Future, the Expo seeks to connect global financial resources, support financial technology innovation, and create new opportunities for industry cooperation.

Event Information

Event: HUIYU FINANCE EXPO HONG KONG 2026
Dates: September 22–23, 2026
Venue: Regent Hong Kong
Address: 18 Salisbury Road, Tsim Sha Tsui, Kowloon, Hong Kong
Positioning: Connecting Global Finance & Innovation
Core Values: Connect · Innovate · Business
Website: www.huiyuexpo.com

Media Contact

Organization: HUIYU FINANCE EXPO

Contact Person: Cathy Wong

Website: https://www.huiyuexpo.com/

Email: Send Email

Country:Hong Kong S.A.R.

Release id:48626

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OrbitX Unveils QR Payment Infrastructure to Connect Global Freelancers and Startups with Local Point-of-Sale Networks

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1 hour ago

on

September 1, 2026

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Dubai, UAE, 1st September 2026, ZEX PR WIRE — Financial technology firm OrbitX has announced the rollout of stablecoin-driven QR payments across more than 15 international markets, expanding access to cost-effective financial tools for businesses, remote professionals, and digital workers in emerging economies. The deployment begins immediately in Vietnam and the Philippines, with additional market releases scheduled over the coming weeks.

The launch targets a persistent structural imbalance in international commerce: while talent and enterprises in emerging markets participate in the global digital economy, local banking systems impose heavy costs when receiving, converting, and spending foreign income. Traditional correspondent banks frequently charge 3 to 5 percent foreign exchange markups on U.S. dollar conversions, alongside settlement delays of three to five business days.

For a growing technology business or digital agency spending $15,000 monthly on international software services, cloud infrastructure, or remote contractors, standard foreign exchange surcharges accumulate to annual losses between $5,400 and $9,000. OrbitX resolves these operational bottlenecks by providing stablecoin-powered settlement rails that execute transactions instantly with transparent pricing.

Through the integrated OrbitX platform, users gain access to a complete financial management suite:

  • Named Virtual Accounts: Dedicated account details across major international currencies—including USD, EUR, GBP, AED, NGN, BRL, and MXN—allowing international clients to send funds that settle directly into self-custodial wallets.
  • Global Payouts: Fast international transfer functionality covering more than 80 destination countries with real-time clearing.
  • Visa Debit Access: Globally accepted payment cards valid across 150 million merchant locations.
  • Local QR Settlement: Instant point-of-sale conversion, allowing users to scan local QR codes at neighborhood merchants and settle payments directly from stablecoin balances in local fiat currencies like Vietnamese dong or Philippine pesos.

The inclusion of localized QR capabilities completes the utility loop for stablecoin holders. In markets where physical credit card terminals are rare but QR codes are ubiquitous—such as street markets, taxis, corner grocers, and pharmacies—OrbitX enables account holders to spend digital dollar earnings instantly without establishing local bank accounts or utilizing physical currency exchange counters.

Operating strictly on a self-custodial model, OrbitX ensures that account holders retain full control of their private cryptographic keys. Assets are never held in centralized corporate accounts, eliminating counterparty risks and protecting customer capital from third-party banking disruptions.

“OrbitX was built specifically for the millions of entrepreneurs, startups, and remote workers who deliver world-class work while enduring excessive financial friction,” said Ankitt Gaur, Founder and Chief Executive Officer of OrbitX. “A small software team in Lagos or an independent developer in Manila deserves access to the exact same high-efficiency financial infrastructure as a company operating in Silicon Valley. Enabling direct QR payments at local counters is a major step toward equalizing financial access worldwide.”

Gaur added regarding retail execution: “By allowing stablecoins to settle instantly through regional QR rails, we are taking digital dollars out of isolated wallets and putting them to work in the real economy—from local pharmacies to neighborhood transit. This is how digital currency evolves into a functional, daily financial account.”

Onboarding & Availability

OrbitX QR payments are operational today across Vietnam and the Philippines, with 15+ additional countries coming online in subsequent weeks. Individual registration is instantaneous, while corporate account verification takes 3 to 4 business days. Detailed platform features, developer API documentation, and mobile access are hosted at orbitxpay.com

About OrbitX

OrbitX is an all-in-one, self-custodial borderless finance platform powered by stablecoin technology, available via app and API. Engineered for individuals and commercial entities across Asia, Africa, the Middle East, and Latin America, OrbitX delivers named multi-currency virtual accounts, self-custodial cryptographic wallet security, global payouts to 80+ countries, Visa debit cards, and localized QR code payments. Grounded in its operational charter, “Banking without borders. Custody without compromise,” OrbitX provides global financial tools to emerging market participants.

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