Offshore account

A bank account that is registered in a country other than the one in which the owner was born is called an offshore account.

DeFi

a movement promoting substitutes for conventional, centralized financial services.

Address

In blockchain, an address refers to a unique alphanumeric identifier associated with a digital wallet or account that is used to send, receive, and store cryptocurrencies or other digital assets.

Impermanent Loss

When there is a price difference between the two assets a trader owns on a DEX, often a cryptocurrency and a stablecoin (such as USDC), impermanent loss might occur.