Key Takeaways AugmentLabs DAO is disrupting the cryptocurrency space by launching the world’s first algorithmic stablecoin with multi-prong fail-safe mechanisms. With the collapse of trusted, centralised…
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What Is a Stablecoin?
A stablecoin is a new class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset such as Gold or the U.S. dollar. Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of digital currencies, and the fiat currencies like stability.
TrueUSD (TUSD), USD Tether (USDT), USD Coin (USDC), Diem, nUSD, and Dai are some examples of stablecoin.
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Users of tokenized precious metal platform VNX can now trade, deposit, and withdraw funds with crypto tokens referencing the Euro and Swiss franc on Emirex.
Lugh issues and manages Tezos-based Euro stablecoin EURL.
Stablechain will not have its own native cryptocurrency, but rather will rely on existing stablecoins to pay for transaction costs (gas).
Interlay is a decentralized network dedicated to connecting crypto-currencies like Bitcoin with DeFi platforms like Polkadot and Ethereum.
The integration of USD₮ on Tezos is an important milestone for the original smart contract Proof of Stake blockchain network.
Bluejay believes that stablecoins can play a meaningful role in the future of financial services in Asia.
Customers can visit just with their ID or passports to utilize Coinsfera’s services.
Investor protection has become a major concern following the collapse of the terrausd (UST) stablecoin.
The new crypto directives will provide legal clarity for a sector that has so far been mostly lacking in regulation.