At Breakpoint 2023, David Taylor, the CEO of Etherfuse, captivated the audience with an announcement that unveiled the pinnacle of the company’s 18-month-long development journey. Taylor highlighted the pivotal role of blockchain technology in driving transformation while emphasizing the importance of tools like bonds to propel widespread adoption.
Bonds are financial instruments that represent loans made by investors to borrowers, usually corporations or governments. In return for providing funds, bondholders receive periodic interest payments and the repayment of the principal amount when the bond reaches maturity.
Governments, municipalities, and corporations issue bonds to finance projects and operations. Bonds are generally considered less risky than stocks because they offer a more predictable income stream and have a higher likelihood of being paid on time, as long as the issuer has sufficient resources to meet their obligations.
Why “Stable Bonds”
When explaining the strategies Etherfuse utilizes to maintain its position in the market and highlight its offerings, David drew comparisons between previous financial systems and the present blockchain landscape.
He delved into the challenges of competition within the blockchain industry, drawing parallels to historical situations where nations competed for a limited user base, resulting in unsustainable growth.
To tackle the existing gap in blockchain stability, Etherfuse unveiled their latest product called “Stable Bonds.” David further elaborated that these government-backed bonds function as an interface to establish stability and foster network expansion.
Stable Bond with the Mexican government and future plans
The Stable Bond is a distinctive financial tool in the form of both an SPL token (tradable, integrates with DeFi and tokenization platforms) and an NFT (Non-Fungible Token), providing users with a versatile and adaptive investment option.
He added that owners of the bond have full control and ownership of their Stable Bonds, ensuring a self-custodial approach. This means individuals hold their bonds directly without relying on intermediaries, enhancing security and autonomy in managing their investments.
Secondly, Stable Bonds not only serve as a stable financial instrument but also generate interest over time. This interest-bearing characteristic provides users with an additional financial incentive, making the bonds an attractive option for those seeking returns on their investments.
To kickstart this initiative, Etherfuse is offering the 28-day SES (Stable Etherfuse Bond), with an impressive 11% APY. This bond is guaranteed and backed by the Mexican government, providing a safe investment opportunity in a crypto landscape filled with high-risk alternatives.
Furthermore, the CEO stated that Etherfuse plans to expand its offering, with plans to introduce corporate bonds in December 2023, US Bonds in February 2024, and EU Bonds in May 2024.
