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Decentralized finance proposed as alternative to traditional financial services


Abstract: DeFi applications allow users to directly interact with each other to borrow, lend, insure and exchange digital assets without centralized intermediaries, such as banks and custodial exchanges.

Keywords: banking; finance; international economics; payment systems;

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File(s): File format is text/html https://www.dallasfed.org/research/economics/2023/0103

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Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2023-01-03