The topic of stablecoins entered the fray in the late 2017 and early 2018. Described as the “Holy Grail of Cryptocurrency”, a scalable and stable digital currency would push for adoption in daily use. The stablecoin represents three units of monetary value; unit of account, store of value, and medium of exchange. This differentiates stablecoin from the rest, this can have a real-utility value in a way volatile cryptocurrencies cannot.
The emergence of secure, efficient, trustless stablecoins provides a platform to develop an overall distributed ecosystem of markets, loans, and insurance. Also, payment for various DApps would increase the anticipation and advocacy of stablecoin.
Features of Stable Coin:
No Volatility:
Stablecoin will transform the financial industry with a currency that is stable and secure for businesses to sustain in the ever-changing monetary values.
Financial Inclusion:
Financial services are no longer an elitist. Blockchain Technology ensures that everyone has equal access to financial institutions.
Resilient Stablecoin:
The asset-backed cryptocurrency for the 21st century which is designed to maintain a stable value across jurisdictions without a change in value.
Liquidity:
Assets with liquidity will help you to raise funds for your project in a secure and stable form of money. When the price increases additional tokens are minted to maintain the stability.
Increased Exposure:
The trading happens on margins due to the opening of collateralized debt obligation(CDO) thereby increasing the exposure to the underlying asset.
Governance Token:
The responsibility lies with the token holder to make risk-based decisions influencing the health of the ecosystem of the stable coin.
User-friendly Mining:
Cloud-based mining ensures that miners do not require sophisticated equipment to mine the gold backed or currency backed cryptos.
Energy Efficient:
Building an ecosystem to orchestrate consensus at a faster speed, with reduced energy usage while having higher transaction throughput.
Widespread Integration:
Stablecoins are crypto-to-fiat currency which enjoys widespread acceptance in the exchanges. These can be easily traded at several exchanges such as Bitfinex.
At Blockchain App Factory, we are one of the first Stablecoin Development Company, offering for end to end Stablecoin development services including creation, trading and marketing.
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