Currently, the application scenarios for USD stablecoins are mainly concentrated in the cryptocurrency field: crypto payments, DeFi, mining, arbitrage, and clearing, and even some gray payment methods. The issuance of USD stablecoins currently relies primarily on exchanges like Binance, OKX, and Coinbase, as well as some U-card vendors. In the overall economic environment, the market space and application value of USD stablecoins are currently very limited.
Card organizations such as Visa and Mastercard have launched stablecoin bank cards. While these cards have a leading advantage in cross-border payments, they are essentially still ordinary bank cards and lack genuine Web3.0 value innovation. Compared to traditional bank cards, they do not offer cross-generational market value. Within a single country, there is little difference between using a stablecoin bank card and using a traditional bank card in the local currency.
EssentaTor Inc. is a decentralized stablecoin financial and scientific innovation institution, focusing on the scenario engine and distribution bridge for the larger-scale application of USD stablecoins. Its decentralized financial products and scientific achievements are shared and open to all global financial institutions and technology companies.
EssentaTor Inc. offers a range of cross-generational Web3.0 stablecoin-based financial products and solutions, including self-service bank cards, credit cards, insurance, social security cards, and asset management, targeting card organizations such as Visa and Mastercard, traditional banks, digital banks, insurance companies, and fintech companies. These are EssentaTor Inc.'s leading, killer-selling Web3.0 stablecoin financial products globally.
When people mention Web3.0, certain terms come to mind, such as Bitcoin, Ethereum, blockchain, or stablecoins. However, these are not the same as true Web3.0. What is true Web3.0? Its core evaluation indicators are: Do users possess the ability to autonomously allocate and circulate value? Do they possess the ability to autonomously distribute and create value? If so, it is true Web3.0; if not, it is merely a trendy business term. Currently, stablecoin bank cards globally are just traditional bank cards, only capable of cross-border payments, and do not possess the attributes of Web3.0.
In traditional banking thinking, banks are the entities with centralized capital and control, while customers are served and controlled, passively receiving services from the bank. However, in EssentaTor Inc.'s financial products, users possess the ability to autonomously manage, circulate, distribute, and create value.
Value autonomy means that users control their own account value, deposits, loans, credit establishment, credit disclosure, and credit management. Users not only have autonomy over their account value but also the ability to circulate, distribute, and create value based on the needs of the financial market and their access to various systems. The right of banks to manage user deposits and use them for revenue generation returns to the users. The relationship between banks and users is no longer that of banks and customers, but rather that users are the subjects of autonomous finance, and banks are the service providers for users. The future of finance is Web3.0 finance—ubiquitous finance. This "ubiquitousness" doesn't mean following us around with our phones, but rather the spontaneous formation of the entire financial system from every individual, every family, every community, and every group. It possesses deposit, credit, and lending functions.
EssentaTor Inc.'s financial products have a generational appeal, not only eclipsing traditional banking products but also various current stablecoin bank cards. Many banks believe stablecoins have impacted bank deposits, but the real impact is only just beginning. The future banking mechanisms of Web3.0 will sweep the globe, and a large number of banks will not only face the risk of deposit and customer loss but also the collapse of their entire business system.
So, do traditional banks have an opportunity? Yes.
EssentaTor Inc. provides partner card organizations, banks, and insurance companies with complete product prototypes, product system development consulting and guidance, and marketing and service strategies for banking and marketing departments. This helps partner banks take the lead, break free from the current homogeneous and involutionary market competition, open up new markets, and become a top global bank, a trillion-dollar, or even tens of trillion-dollar financial institution.
EssentaTor Inc. focuses on providing a scenario engine and distribution bridge for the larger-scale application of USD stablecoins. Its decentralized financial products and scientific achievements are shared and open to all global financial institutions and technology companies.
