Before the project, people struggled with the disconnect between traditional finance and decentralized finance (DeFi). Traditional banks were slow, offered limited returns, and placed unnecessary barriers like credit checks and long approval processes. DeFi promised better yields and financial freedom, but it was too complex for most people to use confidently. Users had to navigate multiple platforms, manage volatile assets, and figure out how to move funds between crypto and local currencies, which created confusion and risk.

Paynance bridges these two worlds by combining the power of DeFi with the simplicity of a modern financial app. We chose to build around USDC, a dollar-pegged stablecoin, because it offers reliability that many local currencies, especially in emerging markets, do not. While non-US currencies can fluctuate dramatically due to inflation or economic instability, USDC maintains a stable value. This makes it ideal for saving, borrowing, and earning interest without the risk of losing value overnight. This stability, paired with the ease of a unified dashboard and real-time transparency, makes Paynance a secure and accessible way for anyone to grow and manage their money across both traditional and decentralized finance.