Dear Gnosis community,
Blockchain platforms such as yours have grown at a staggering rate over the past few years, complete with thriving and passionate communities worldwide. At the same time, several major issues still remain:
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A lack of good fiat-to-stablecoin & crypto on/off-ramps: These enable fast and affordable access from the traditional banking system to decentralized finance (DeFi), lowering the barriers to entry for DeFi and Web3 users. The results include greater liquidity and adoption as well as easier user access to Gnosis.
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Low interoperability with other platforms: Gnosis needs both cross-chain and multichain solutions that are efficient and carry minimal fees to facilitate better interoperability with other blockchains. This in turn enables the efficient and secure transfer of value from other networks to the Gnosis ecosystem.
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A lack of tokenized real-world assets: The total value of all real-world assets globally is estimated at $256 trillion, and yet, we have barely scratched the surface of asset tokenization due to a lack of proper infrastructure and regulatory hurdles. At the very least, commodities such as precious metals should be considered for tokenization because they are not treated as securities by US regulators.
Stably can help solve all of the above issues for the Gnosis ecosystem. Our Stably Ramp widget is an easy-to-integrate fiat-to-stablecoin & crypto gateway with a wide range of traditional payment options and competitive exchange rates.
In addition to providing stability, our stablecoin USDS can act as a compliant multichain USD bridge across many different networks we have integrated with. This also complements our cross-chain token bridging capabilities (i.e. wrapping tokens on-demand), both of which can help increase liquidity and interoperability on Gnosis while remaining fully transparent and secure.
Last but not least, we have the ability to tokenize real-world assets such as gold and silver via our partnership with Kitco, one of the world’s largest precious metal dealers, and we can easily expand tokenized precious metals to Gnosis similarly to USDS or wrapped tokens within 2-3 months per asset. All of this can be done 100% compliantly across 200+ supported countries, allowing almost anyone in the world to reap the benefits of a partnership between Stably and Gnosis.
We are very excited at the prospect of working with Gnosis and we look forward to feedback!