Sentences with phrase «of stablecoins»
Through the use of its stablecoin platform, Abra can quickly add additional cryptocurrencies to the app once they pass the platform's rigid analysis around liquidity, contract market making, and other factors.
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The US dollar is the best example of a stablecoin in the world of fiat currencies,» blogged 1confirmation Founder Nick Tomaino in an informative The Control post.
On the other hand, there have been other examples of stablecoins which have proven themselves to be trustworthy and fully transparent.
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.
First, by announcing the Ethereum Foundation's launch of a stablecoin called World Trade Francs (WTF), and second by creating Ethereum Improvement Proposal (EIP) 960 for a hardcap.
One day we might be paid our salaries in a stablecoin (or a basket of stablecoins).
Like the rest of the cryptocurrency market, it makes sense that the market's sub-sectors will have many different competitors so a large variety of stablecoins in the future will become necessary.
The concept of a stablecoin is one that has real world value in either fiat
That is, the developers of the stablecoin hold exactly $ 1 for every coin issued.
While holders of Bitcoin will be reluctant to use their coins for transactions, due to the fear of missing any potential growth, users of stablecoins will know that their coin will still carry the same value of $ 1 tomorrow.
There's a good discussion of stablecoins in our episode with Vlad Zamfir and Haseeb Qureshi on cryptoeconomics.
Well, in the case of stablecoins and fiat currencies alike, pegging is more of a target than a guaranteed method of keeping a currency's value absolutely fixed.
The users of the platform, both individuals and businesses, will be lending money to themselves through the use of the stablecoin, as Sweetbridge explains it.