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Money sent home to family across a border. The traditional route loses value twice, once to the transfer fee and again to a quietly unfavourable exchange rate.
The same word, the same money, the same families. Only the rails change.
In Kite: Someone sends you USDC or USDT and it lands as spendable dollars in your wallet, ready to tap on your card.
The real world assets an issuer holds so every token can be redeemed for a dollar. Reputable issuers publish what those assets are and have an accounting firm confirm it, usually monthly.
The capital and liquidity a bank has to hold against deposits, and the audit that proves it.
The dominant Layer 2 design. Thousands of transactions are compressed into one entry on the base chain, so each user pays a fraction of the settlement cost.
A processor batching a day of card transactions and settling them to the network once.
The internet address an app uses to talk to a blockchain. When a wallet says the network is unavailable, this is usually what it means.
An API gateway into a bank's core or a card network's switch.
The people behind a project drain the funds and vanish. Almost always a brand new token with anonymous founders and a return that could not possibly be real.
An exit scam, or a Ponzi collapse. The vehicle is new, the con is not.
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