Press Release
“Algorithm + Credit” Rebuild the Value Foundation of DeFi
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!
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.
Press Release
XM Receives “Global Customer Experience Leader Award 2026” at the TrustFinance Performance Awards
Singapore, Singapore, October 7th, 2026, FinanceWire
The recognition highlights XM’s established global customer experience infrastructure and its continued focus on supporting traders across international markets.
XM has received the Global Customer Experience Leader Award 2026 as part of the TrustFinance Performance Awards 2026, recognizing the broker’s focus on customer experience across its international operations.
XM reports a global client base of more than 20 million customers across over 190 countries, supported by a Customer Experience Team operating in more than 30 languages. The company also provides a dedicated Help Center and multiple customer support channels as part of its broader service infrastructure.
The recognition comes as customer experience continues to play an increasingly important role in online financial services, where traders interact with brokers across multiple stages of the customer journey — from account opening and platform access to ongoing account support and assistance when issues arise.
Customer Experience Across a Global Client Base
Supporting a geographically diverse client base requires more than a single customer service channel. XM’s customer-facing infrastructure combines direct assistance with online support resources and multilingual service capabilities designed to serve customers across different markets.
XM’s official materials state that its Customer Experience Team supports clients in more than 30 languages, while its support infrastructure includes a dedicated Help Center and several communication channels for customers seeking additional assistance. XM also promotes 24/7 customer support as part of its service offering.
“Customer experience in financial services goes beyond a single interaction with a support team. It includes how accessible support is, how clearly a company communicates with its customers, and how consistently that experience is delivered throughout the customer journey,” said Peter Bu, CEO of TrustFinance.
“XM’s established international presence and customer service infrastructure make customer experience a relevant area of recognition within the 2026 Performance Awards.”
The TrustFinance Performance Awards form part of the TrustFinance Awards 2026 program and are designed to recognize organizations through an evaluation framework covering areas including operational performance, customer experience, service quality, platform performance, innovation, and overall business performance.
Customer service has also been a recurring area of external recognition for XM. The broker’s official awards record includes Best Customer Service 2026 from CFI.co, Best Customer Experience Broker, Global 2024 from Finance Magnates, and Outstanding Customer Service Global 2024 from CFI.co.
The Global Customer Experience Leader Award 2026 adds to that record of customer-focused recognition and reflects the role that service accessibility and customer support infrastructure continue to play as online trading businesses operate across increasingly diverse international markets.
About XM
XM is an internationally established trading and investment firm, with over 20 million clients from over 190 countries. Armed with multiple international licenses, XM offers competitive services for retail traders, investors, and affiliates.
With over 15 years of serving clients, XM has proven to be fair, trustworthy, and dependable. Traders can access over 1,400 instruments across all devices. The award-winning broker is known for its wide range of products, excellent support, and outstanding education.
Risk warning: Trading involves significant risks and may result in the loss of your invested capital. T&Cs apply.
More information is available on XM’s official website.
About TrustFinance Awards
The TrustFinance Awards recognize organizations across the global financial services industry through two principal programs: the Performance Awards, focused on data-driven and structured performance evaluation, and the Community Choice Awards, which reflect community participation and voting.
TrustFinance Awards 2026 also introduced its Verified Recognition framework, designed to place greater emphasis on transparency, structured evaluation, and the ability to verify award recognition.
Contact
TrustFinance Awards
awards@trustfinance.com
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.
Brandon, MB, Oct 07, 2026, ZEX PR WIRE — QuickBooks Accountant’s Copy is a powerful collaboration tool that allows accountants and clients to work on the same company file during critical accounting periods. However, despite its usefulness, many users misunderstand its limitations, leading to synchronization issues, workflow disruptions, and unnecessary delays. QuickBooks.ninja is helping accounting professionals better understand how Accountant’s Copy works and how to use it effectively.
Accountant’s Copy is designed to facilitate collaboration by allowing an accountant to make specific accounting adjustments while a client continues entering day-to-day transactions. This capability can significantly improve productivity during month-end, year-end, and tax preparation processes.
“Accountant’s Copy can be extremely valuable when used correctly, but it is not without restrictions,” said a spokesperson for QuickBooks.ninja. “Understanding those limitations is essential for avoiding conflicts that can complicate the accounting process.”
One of the most common challenges involves editing restrictions. Once an Accountant’s Copy is created, certain transactions and records may become unavailable for modification depending on the dividing date selected. Users who are unaware of these restrictions can encounter unexpected workflow limitations that affect both the accountant and the client.
Synchronization can also present difficulties. Because multiple parties may be working within related versions of the same company file, managing changes and importing accountant adjustments requires careful coordination. Failure to follow the proper process may result in rejected changes, duplicate work, or delays in completing accounting tasks.
To improve collaboration outcomes, QuickBooks.ninja recommends establishing clear workflows before creating an Accountant’s Copy. Both accountants and clients should understand the scope of permitted edits, maintain regular communication regarding file status, and establish timelines for completing review and adjustment activities.
Another common mistake is leaving Accountant’s Copy restrictions in place for extended periods. Long review cycles can increase the likelihood of workflow conflicts and make it more difficult to integrate changes efficiently. Prompt review and timely import of accountant adjustments help reduce disruption and maintain accounting accuracy.
Businesses should also create verified backups before initiating the Accountant’s Copy process. Reliable backups provide a safeguard against unexpected issues and ensure a recovery option is available if synchronization challenges arise.
For organizations with large, complex, or highly customized QuickBooks environments, professional guidance may help optimize collaboration workflows and reduce the risk of data management complications.
By understanding editing restrictions, managing synchronization carefully, and following proven collaboration practices, accounting professionals can maximize the benefits of Accountant’s Copy while minimizing disruptions. The result is more efficient accountant-client collaboration, faster completion of accounting tasks, and greater confidence in the accuracy of financial records.
QuickBooks.ninja continues to provide technical education and expert guidance to help accounting professionals improve QuickBooks workflows, protect financial data, and streamline collaborative accounting processes.
About QuickBooks Ninja
QuickBooks Ninja is backed by the team at E-Tech Corporation, a company that has specialized exclusively in QuickBooks data services since 1999. Over more than two and a half decades, we’ve repaired, converted, and migrated tens of thousands of QuickBooks files for businesses of every size — from sole proprietors to enterprises with complex multi-entity setups.
What started as a focused QuickBooks file repair service has grown into a comprehensive operation covering 36 distinct services. We handle everything from emergency data recovery to complex platform migrations, file optimization, and regional conversions. Our clients include accounting firms, bookkeepers, IT consultants, and businesses across the United States, Canada, the United Kingdom, and Australia.
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.
Brandon, MB, Oct 07, 2026, ZEX PR WIRE — When QuickBooks users encounter data integrity issues, the Verify Data and Rebuild Data utilities are often the first line of defense. While these tools can successfully resolve many common problems, some forms of file corruption run deeper and require more advanced investigation. QuickBooks.ninja is helping accounting professionals better understand complex issues such as EIR damage and list corruption that can affect the stability and reliability of QuickBooks company files.
Many users assume that a successful Rebuild operation means their company file is completely healthy. However, certain forms of data damage may persist despite passing standard diagnostic utilities. These hidden issues can contribute to recurring errors, unusual application behavior, reporting inconsistencies, and ongoing file instability.
“Verify and Rebuild are valuable tools, but they are not designed to identify every possible data integrity problem,” said a spokesperson for QuickBooks.ninja. “Some corruption scenarios require deeper technical analysis to identify the root cause and determine the appropriate recovery strategy.”
Among the more complex integrity issues are EIR-related problems and list damage. EIR, or Extended Internal Records, contains underlying data structures that support company file functionality. Damage within these records may not always produce obvious error messages, making diagnosis particularly challenging. Symptoms can include recurring data issues, failed operations, unexplained application errors, or instability that persists even after routine maintenance.
List damage represents another category of corruption that can affect customers, vendors, inventory items, accounts, and other critical records maintained within QuickBooks. When list structures become compromised, users may experience errors when editing records, generating reports, processing transactions, or performing routine accounting functions.
Because these issues often exist beneath the visible transaction layer, standard troubleshooting utilities may not fully identify or repair the underlying damage. As a result, businesses may find themselves repeatedly addressing symptoms without resolving the source of the problem.
Advanced diagnostic approaches typically involve detailed file analysis, integrity testing, record-level evaluation, and specialized recovery procedures designed to isolate damaged structures. These methods can help identify corruption patterns that are not readily visible through conventional QuickBooks maintenance tools.
Organizations experiencing persistent errors, repeated Verify Data warnings, unexplained crashes, report inconsistencies, or ongoing performance issues may benefit from a more comprehensive assessment of company file health. Early investigation can often prevent corruption from progressing into more serious operational problems.
In situations involving significant EIR damage or extensive list corruption, specialized recovery services may be necessary to repair critical data structures while preserving valuable accounting information. Experienced recovery specialists can evaluate available options and implement targeted remediation strategies that minimize business disruption.
By understanding the limitations of standard utilities and recognizing the signs of deeper corruption, QuickBooks users can make better decisions when troubleshooting complex data integrity issues. The outcome is improved file stability, more reliable financial reporting, and greater confidence in the long-term health of business-critical accounting records.
QuickBooks.ninja continues to provide technical education and expert guidance to help accounting professionals understand advanced QuickBooks data structures, diagnose complex file issues, and protect the integrity of their financial information.
About QuickBooks Ninja
QuickBooks Ninja is backed by the team at E-Tech Corporation, a company that has specialized exclusively in QuickBooks data services since 1999. Over more than two and a half decades, we’ve repaired, converted, and migrated tens of thousands of QuickBooks files for businesses of every size — from sole proprietors to enterprises with complex multi-entity setups.
What started as a focused QuickBooks file repair service has grown into a comprehensive operation covering 36 distinct services. We handle everything from emergency data recovery to complex platform migrations, file optimization, and regional conversions. Our clients include accounting firms, bookkeepers, IT consultants, and businesses across the United States, Canada, the United Kingdom, and Australia.
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.
XM Receives “Global Customer Experience Leader Award 2026” at the TrustFinance Performance Awards
Looking Beyond Standard Utilities to Identify QuickBooks Data Damage
Reducing Synchronization Issues When Using Accountant’s Copy
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