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Closely related is the concept of self-custody, empowering individuals to own their digital assets securely without reliance on intermediaries. This gave rise to a permissionless, global property system, contrasting sharply with traditional assets' localized and conditional ownership models.
The Rise of Stablecoins and Tokenization
An important development was the experimentation with stablecoins, digital tokens pegged to fiat currencies, allowing for faster, efficient, and global transfers of currencies. Although initial stablecoin experiments were mixed, the premise has persisted: tokenized assets and currencies moving at the speed of light on blockchain networks.