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GlobaliD 101: What is the trust triangle?

In the first part of the GlobaliD 101 series, we gave an overview of how our identity systems haven’t caught up to the modern world. We also provided suggestions of how digital identity should work.

The thing is, identity isn’t something your average person thinks about much. Typically, it’s a means to an end. If you want to take a trip to Europe, you need to bring your passport. Want to celebrate with a bottle of wine? You need to show your driver’s license.

In part 2 of the GlobaliD 101 series, we’re going to explain how the process of identity actually works, and we’re going to do it with a really nifty concept we call the Trust Triangle.

Here’s how the Trust Triangle works: Any identity framework is built on three pillars — issuers, holders, and verifiers. Together, these three pillars form the Trust Triangle.

Consider a real life example: The Department of Motor Vehicles (DMV) issues you your driver’s license. You are now the holder of that credential. After your big promotion, you go to the store to pick up a moderately expensive bottle of wine. The store then verifies that you are of age by checking your license. Now, it’s time to celebrate.

Let’s break it down:

Issuers
Issuers are simply organizations that are authorized to issue credentials. They confirm that a piece of information is accurate and then issue a credential authenticating that information. They are typically trusted authorities who want to ensure compliance and enforce standards.

The Department of Motor Vehicles is an issuer. They issue a driver’s license credential that enables you to legally operate a car.

Holders
A holder is the owner of a credential. They can be individuals or organizations. They are trying to do something, but need some sort of credential to do it. They also need a place to store the credentials they already have and new ones they will acquire.

If you want to drive a car then you would go to the DMV (the issuer), and they would issue you a driver’s license credential which would enable you (the holder) to drive.

Verifiers
Verifiers are entities that receive a credential presented to them from a holder, confirm the credential comes from a trusted issuer, and then use that credential to perform a service or sell a good to the holder.

If a cop pulls you over while driving the first thing they are going to do is verify you are legally allowed to drive. To do this, the cop (the verifier) will ask you (the holder) to present your driver’s license credential that you received from the DMV (the issuer).

The Trust Triangle breaks down online
So far, everything has been pretty straightforward as this is how identity has always worked in the real world. But once we get online, things get a bit messy.

Consider the context of the Trust Triangle for a typical online transaction such as ordering food or drinks.

When ordering alcohol from a food delivery service such as Doordash, they will require you to upload a photo of your driver’s license in order to verify your age. Your ID is then kept and “stored securely by DoorDash for future alcohol purchases.”

The same problem occurs when booking a stay on the online marketplace Airbnb. In order to secure a place, hosts will often ask you to submit a photo of your government ID in order to verify you are who you claim to be.

This setup results in a slew of security and ownership. On the one hand, verifiers must now manage the security and privacy concerns of holding personal user information, which is now vulnerable to data breaches. On the other hand, individuals lose control of their identity once their identifying documentation is out in the wild.

In both scenarios, DoorDash and Airbnb hosts don’t need to hold your driver’s license. The former does it out of convenience (but with consequences). The latter does it because of the lack of a better alternative.

This breakdown of the Trust Triangle is taken to logical extremes in the context of Big Tech.

Consider how identity with Facebook works:

Facebook issues you an account, one of many fragmented identities we have online, after signing up with your email address. Facebook also holds all of your social data and personal information (username, password, first and last name, email, etc.) on their own servers. Facebook verifies your identity by confirming that you know your username and password, thus granting you temporary access to your social identity when you log onto their platform.

Something about this relationship feels a little lopsided!

The reality is that many of our online identity systems represent a complete breakdown of the Trust Triangle. What we need is a more empowering approach that preserves individual ownership of our digital identities.

Restoring the Trust Triangle in a digital world
The Trust Triangle is all about balance. Unfortunately, that balance skewed away from individuals when we transitioned to a digital reality.

At GlobaliD, we believe that people should own and control their digital identities. In the context of the Trust Triangle, it means that individuals should be holders of their identity and their credentials.

So how do we restore balance to the Trust Triangle in the digital world? Here’s how GlobaliD works in the context of the Trust Triangle:

https://medium.com/global-id/globalid-101-id-wallets-68fa77e6d0d7

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Crypto Splits on Clarity | Coinbase, Kraken and Cahill Join the Show

🚨NEW: We asked @coinbase Head of U.S. Policy @karacalvert whether talks had resumed with Banking Committee members after the company’s surprise withdrawal of support for the market structure bill forced the committee to delay its Thursday markup.

“It was definitely a shock to the system. We want to be respectful of the fact that blood, sweat and tears have gone into this bill.”

Full episode: https://x.com/i/broadcasts/1rmxPvzozrDGN

00:01:19
⚠️ Ripple appearance at the Headquarters of the Bank of Spain

⚠️ Ripple appearance at the Headquarters of the Bank of Spain, Co-organised by the Reinventing BRETTON WOODS Committee⚠️
September 10 and 11, 2019

Full video: https://youtu.be/kUx1pJ9wadQ?si=FrqIfoeWJHtgBZXa

00:07:08
📽️ One of the most important things we’ve done at Pyth is help bring U.S. GDP onchain 🏛️

Working with the U.S. Department of Commerce to publish official economic data on a public blockchain is a powerful signal of where global market infrastructure is headed. When core economic indicators become cryptographically verifiable, composable, and accessible in real time, it opens the door to a more transparent and more efficient financial system for everyone.

Thanks to Roundtable and Jackson Hinkle for hosting a thoughtful conversation on how this came together and what it means for the future of market data.

In a conversation with Jackson Hinkle

Full interview link: https://www.thestreet.com/crypto/policy/why-washington-is-experimenting-with-public-blockchains-for-economic-data

00:04:14
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading

🚨 MARKET ALERT: The Most Volatile Week of 2026 is Here 🚨

Buckle up. If you thought the start of the year was quiet, the next five days are about to provide a massive reality check. From central bank liquidity injections to a potential "policy earthquake" from the White House, the economic calendar is packed.

Here is your day-by-day breakdown of the Big Week ahead.

📅 Monday, Jan 19: The Fed’s $17.3B Liquidity Play

While the nation observes Martin Luther King Jr. Day, the gears of the financial system aren't stopping. The Federal Reserve is slated to inject $17.3 billion in liquidity into the system.

Why it matters: This move is aimed at stabilizing the repo markets and ensuring the plumbing of the financial system remains slick. Watch for how the futures markets react to this "monetary grease" heading into Tuesday’s open.

📅 Tuesday, Jan 20: FOMC Economic Report & The "Pulse Check"

Following the holiday, the FOMC drops its latest Economic Report. With inflation still hovering ...

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Why Did You Choose XRP? (Ripple)?

🚨 Quantum Threat Forces 63-Year-Old Investment Bank to Abandon Bitcoin 🚨

Dresdner Kleinwort Benson (DKB) — founded 1961, now a Frankfurt-based boutique with €18 B AUM — has formally told clients it will “cease all Bitcoin-related investment vehicles” by Q3-2026, citing “imminent and non-mitigable quantum decryption risk,” making it the first regulated bank to drop BTC on cryptographic rather than regulatory grounds.

🔑 Key points

🔹 Quantum timeline trigger: Internal risk committee adopted BSI (German federal cyber-agency) 2025 update that puts “practical CRQC” (crypto-relevant quantum computer) at 6-10 years, with a 15 % probability inside 5 yrs; bank’s 99 %-confidence VaR model flags >20 % probability that P-256 or secp256k1 keys could be retroactively broken once 4,000-logical-qubit machines exist.

🔹 Exposure unwind:

  • Liquidates €140 M long-only BTC ETF mandates (BlackRock IBIT & 21Shares).

  • Redeems seed investment in 3iQ’s European Bitcoin Fund.

  • ...

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🚨David Grusch on The Megyn Kelly Show🚨

Earlier this week, UFO/UAP whistleblower David Grusch appeared on The Megyn Kelly Show for a brief but revealing interview. During the conversation, Grusch named individuals he claimed were involved in managing the alleged UFO/UAP Legacy crash retrieval program, statements that immediately drew attention across the disclosure community.

Most notably, Grusch asserted that former Vice President Dick Cheney played a central role in overseeing the program. Cheney’s name has circulated within UFO/UAP research circles for years, but this marks the first time it has been spoken publicly by a former intelligence official who claims direct knowledge of the issue. It is also notable that just weeks ago, journalist Ross Coulthart independently referenced Cheney in a similar context, lending additional weight to the consistency of these claims.

Grusch also named former Director of National Intelligence James Clapper, stating that Clapper was not only aware of the crash retrieval issue, but managed it and helped place individuals into key roles, both publicly and behind the scenes. These are serious assertions that warrant scrutiny and further investigation, given their potential implications for disclosure.

Please watch the full interview and consider its significance within the broader context of the disclosure conversation. Please note that the interview concludes with a paid promotional pitch, and Grusch does not provide any additional comments after the pitch.

 

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Stellar CEO Reveals Where Real Opportunity Lies in Crypto Market: Details

In a recent tweet, Stellar Development Foundation (SDF) CEO and Executive Director Denelle Dixon defines what "real opportunity" is in blockchain as a new financial future beckons.

The SDF CEO was reacting to a recent Bloomberg report on Bank of New York Mellon Corp (BNY), Nasdaq, S&P Global and iCapital participation in a new $50 million investment round by Digital Asset Holdings. This comes as some of Wall Street’s biggest names embrace the technology that underpins cryptocurrencies to handle traditional assets.

Reacting to this development, Stellar Foundation CEO Denelle Dixon stated that every blockchain investment is a bet on a different financial future. Dixon added that seeing banks explore blockchain technology validates what has been known over the years.

Real opportunity defined

While Wall Street’s biggest names betting on blockchain might be one of the most significant adoption milestones in the digital asset market, Dixon defines what real opportunity is and what it is not.

According to the SDF executive director, real opportunity is not replicating old systems on new rails but rather building open networks that fundamentally expand global finance participation.

"But the real opportunity isn’t replicating old systems on new rails—it’s building open networks that fundamentally expand who gets to participate in global finance. That’s the opportunity," Dixon tweeted.

At the Meridian 2025 event, Stellar outlined its long-term privacy strategy, committing to investing in critical privacy infrastructure and building foundational cryptographic capabilities.

Stellar eyes privacy upgrade

A new protocol upgrade is on the horizon for the Stellar network: X-Ray, which lays the groundwork for developers to build privacy applications on Stellar using zero-knowledge (ZK) cryptography.

The protocol timeline testnet vote is anticipated for Jan. 7, 2026, while the mainnet vote is expected for Jan. 22, 2026.

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XDC Network's acquisition of Contour Network

XDC Network's acquisition of Contour Network marks a silent shift to connect the digital trade infrastructure to real-time, tokenized settlement rails.

In a world where cross-border payments still take days and trap trillions in idle liquidity, integrating Contour’s trade workflows with XDC Network Blockchains' ISO 20022 financial messaging standard to bridge TradFi and Web3 in Trade Finance.

The Current State of Cross-Border Trade Settlements

Cross-border payments remain one of the most inefficient parts of global finance. For decades, companies have inter-dependency with banks and their correspondent banks across the world, forcing them to maintain trillions of dollars in pre-funded nostro and vostro balances — the capital that sits idle while transactions crawl across borders.

Traditional settlement is slow, often 1–5 days, and often with ~2-3% in FX and conversion fees. For every hour a corporation can’t access its own cash increases the cost of financing, tightens liquidity that could be used for other purposes, which in turn slows economic activity.

Before SWIFT, payments were fully manual. Intermediary banks maintained ledgers, and reconciliation across multiple institutions limited speed and volume.

SWIFT reshaped global payments by introducing a secure, standardized messaging infrastructure through ISO 20022 - which quickly became the language of money for 11,000+ institutions in 200 countries.

But SWIFT only fixed the messaging — not the movement. Actual value still moves through slow, capital-intensive correspondent chains.

Regulated and Compliant Stablecoin such as USDC (Circle) solves the part SWIFT never could: instant, on-chain settlement.

Stablecoin Settlement revamping Trade and Tokenization

Stablecoin such as USDC is a digital token pegged to the US Dollar, still the most widely used currency for trade, enabling the movement of funds instantly 24*7 globally - transparently, instantly, and without the need for any intermediaries and the need to lock in trillions of dollars of idle cash.

Tokenized settlement replaces multi-day reconciliation with on-chain finality, reducing:

  • Dependency on intermediaries
  • Operational friction
  • Trillions locked in idle liquidity

For corporates trapped in long working capital cycles, this is transformative.

Digital dollars like USDC make the process simple:

Fiat → Stablecoin → On-Chain Transfer → Fiat

This hybrid model is already widely used across remittances, payouts, and treasury flows.

But one critical piece of global commerce is still lagging:

👉 Trade finance.

The Missing link is still Trade Finance Infrastructure.

While payments innovation has raced ahead, trade finance infrastructure hasn’t kept up. Document flows, letters of credit, and supply-chain financing remain siloed, paper-heavy, and operationally outdated.

This is exactly where the next breakthrough will happen - and why the recent XDC Network acquisition of Contour is a silent revolution.

It transforms to a new era of trade-driven liquidity through an end-to-end digital trade from shipping docs to payment confirmation – one infrastructure that powers all.

The breakthrough won’t come from payments alone — it will come from connecting trade finance to real-time settlement rails.

The XDC + Contour Shift: A Silent Revolution

  • Contour already connects global banks and corporates through digital LCs and digitized trade workflows.
  • XDC Blockchain brings a settlement layer built for speed, tokenization, and institutional-grade interoperability and ISO 20022 messaging compatibility

Contour’s digital letter of credit workflows will be integrated with XDC’s blockchain network to streamline trade documentation and settlement.

Together, they form the first end-to-end digital trade finance network linking:

Documentation → Validation → Settlement all under a single infrastructure.

XDC Ventures (XVC.TECH) is launching a Stable-Coin Lab to work with financial institutions on regulated stablecoin pilots for trade to deepen institutional trade-finance integration through launch of pilots with banks and corporates for regulated stable-coin issuance and settlement.

The Bottom Line

Payments alone won’t transform Global Trade Finance — Trade finance + Tokenized Settlement will.

This is the shift happening underway XDC Network's acquisition of Contour is the quiet catalyst.

Learn how trade finance is being revolutionised:

https://www.reuters.com/press-releases/xdc-ventures-acquires-contour-network-launches-stablecoin-lab-trade-finance-2025-10-22/

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