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So, Stellar provides the blockchain infrastructure and the payment flow channel. Thus, the system remains decentralized. Kinesis itself is a protocol on Stellar designed to create stablecoins. It's a creation of ABX, a well-established bullion exchange and they've already made partnerships with mega-merchants. So, the coins that they are emitting will be able to get quick spending opportunity in the real world. This is what Stellar's founders had hoped for their development.