Sentences with phrase «stablecoins like»

Not exact matches

Naturally, stablecoins don't have the same profit potential as coins like bitcoin.

Basis does not plan to «peg» its price to the dollar like other successful stablecoins such as Tether (USDT) have done.

Projects like DAI Token and TrueUSD have a much smaller impact on the market with relatively small market caps but still are important players in the stablecoin sub-industry.

When people realize the folly that is traditional currency, its intrinsic value and rethink the very idea of money, they will realize the potential of cryptocurrencies, and more so stablecoins, and physical assets like gold and silver themselves.

Stablecoins are backed by a physical asset, like real estate or gold, for instance; something with value that provides it the much needed stability in a fickle financial market.

Therefore, although GOLDX is an ERC20 - based stablecoin that can be bought with / BTC or / ETH, and traded like any other cryptocurrency, it is important that the network not rely on a mining - driven blockchain.

Stablecoins work through a system of Litecoin - and Bitcoin - based smart contracts that simulate investment contracts like how a gold ETF is a contract based on USD.

Without stablecoins, creating a cryptocurrency platform that can compete with fiat currencies on a level playing field in volatile industries, like financial services, may be nearly impossible for cryptocurrencies.