Re: 🚀 [ANN] Stabila Public Chain (STB) | Decentralize the financial system. 🚀

Quote from: stabilastb on Today at 03:12:28 PM

1. Client creates custody account with Stabila.
2. Client deposit fiat in the custody account.
3. Stabila mints stablecoin to the client's address.
4. Client asks to burn stablecoins.
5. Stabila release custody funds.

A more in-depth here: https://stabilascan.org/api/static/how_banks_can_succeed_with_cryptocurrency.pdf

Stable coins are not decentralized rather centralized, for instance, USDT, BUSD are all centralized ones. So going for stable coins clearly means that you are not centralized as you are claiming from very start. There are many standards which you have to meet to become fully decentralized.