Sentences with phrase «as stablecoins»

As the Stablecoins are backed only by other cryptocurrencies, traders engaged in other cryptosystems, such as Bitcoin, have the option of parking assets in / USDY as a safehaven, avoiding costly withdrawal fees associated with transferring crypto to fiat, according to the statement.

So while a Tether or a TrueCoin are created as stablecoins backed by US dollars, we already know the legitimacy of the USD itself.

The new token was an Ethereum based cryptocurrency marketed as a stablecoin.

Saga will essentially operate as a stablecoin backed by a so - called «variable fraction reserve» that is pegged to the International Monetary Fund's special drawing rights (SDR) basket.

Unlike most crypto assets, USDT functions as a stablecoin that allows traders to avoid volatility that usually accompanies crypto - to - crypto or fiat - to - crypto transactions.

Not exact matches

To develop the new wallet and integrated exchange, Abra has created a first of its kind stablecoin platform that facilitates holding both fiat coins as well as cryptocurrencies using a combination of litecoin and bitcoin - based contracts.

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

The goal is to smooth out the ups and downs so the stablecoin is usable as an everyday currency.

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

Bitfinex is a full - featured spot trading platform for the major cryptocurrencies such as Bitcoin, Ethereum, EOS, Litecoin, Ripple, Bitcoin Cash, Iota, NEO, Ethereum Classic, OmiseGO, Monero, Dash, TRON, Zcash, Bitcoin Gold, Santiment, 0x, Eidoo, ETP, Qtum, Basic Attention Token, Status, AidCoin, Augur, QASH, YOYOW, Streamr, Golem, Time New Bank, FunFair, SpankChain, iExec, aelf, Aventus, Decentraland, RCN, SingularDTV, Ethfinex Nectar Token, IOSToken, Aion, Request Network, Raiden, Loopring, WAX, Dai Stablecoin, Cofound.it, SingularityNET, BnkToTheFuture, Medicalchain, and Odem.

As mentioned earlier, these stablecoins often provide the same benefits which blockchains provide but with a vastly larger amount of stabilization in the price of the cryptoasset.

In simple terms, stablecoins are price - stable cryptocurrencies that have their value pegged to another asset such as the US dollar.

Part of the problem is no team has managed to develop a universally accepted stablecoin without having to compromise on features such as decentralisation, privacy or security.

That is why these type of stablecoins are over-collateralised so as to absorb price fluctuations.

This means even if the price of ETH depreciates by 20 percent, the stablecoin can still retain its price as there are still $ 240 in cryptocurrency collateral backing the value of the stablecoin.

USDX Protocol said it plans to release additional Stablecoins pegged to other currencies and financial instruments, such as foreign exchanges and commodities.

As such, they've been dubbed «stablecoins, «and a new one, dollar - backed TrueUSD, launched Wednesday.

A Stablecoin such as USDY can also be used as an alternative to fiat currency in the exchange of goods.

By backing their tokens with real fiat currency and offering unprecedented legal protection as well regular and transparent auditing of their assets, it will be hard to ignore TrueUSD as it proves itself a serious contender in the emerging world of stablecoins.

For example, earlier this month Bittrex added a second stablecoin in the form Trueusd, in a move seen as a hedge against future Tether regulation.

And things have gotten sketchier as the auditing firm Tether had apparently been working with in the past, Friedman LLP., has seemingly severed ties with the stablecoin project.

A stablecoin will succeed, I believe, as a transactional currency, and this has huge potential.»

News As the saying goes, don't keep all your stablecoins in one basket.

This is where the value of having a stablecoin, such as Maker's Dai, becomes apparent.

«A stablecoin is an asset that has price stability characteristics that make it suitable for short - term and medium - term use as a unit of account and store of value.

Poloniex operates as a crypto to crypto exchange and provides an option to store value in USDT (Tether), a stablecoin that represents the US Dollar, with 1 USDT being equal to 1 USD.

Stablecoins are a revolutionary approach to digital money as they remove large price volatilities in the coins.