GemPay has made some progress in creating stablecoins that are low in transactions fees and are designed to help build liquidity through DeFi systems and allows for smooth decentralized exchange with other top cryptocurrencies.
These stablecoins are designed to help smaller countries to create onboarding systems for payments via the new digital infrastructure without having to spend million on their on research and development. This is a good solution for developing countries as it brings the security and transfer speed of cryptocurrencies allowing digital payments for all citizens. The liquidity of these stablecoins are derived from DeFi smart contracts based exchanges that allow fast and fluid transactions without investors having to setup their own local bank account.
This solutions allows developing countries to have liquidity relief on their currency by outside investors, but protects investors interest by reducing red tape of investing.