Today, any kind of financial service, like an insurance claim, loan, asset management, or even stock trading requires the go-ahead from banking institutions and other middlemen who can seize your assets if you default even slightly.
Decentralized Finance(DeFi) cuts the middleman and puts everyone on the same platform, with no need for any bank loan officer if one needs to borrow some money.
To run this transparent and secure Blockchain system, there are Stablecoins, cryptocurrency tokens tied to Gold or US Dollars to help avoid volatility.
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