Sentences with phrase «other stablecoins»
Not exact matches
Basis does not plan to «peg» its price to the dollar like other successful stablecoins such as Tether (USDT) have done.
https://earlyinvesting.com/
Due to its stablecoin platform — which facilitates holding digital currencies and fiat currencies through a combination of bitcoin and litecoin - based smart contracts — the wallet app is able to add new digital currencies once they pass the company's rigid analysis based on liquidity, contract market, and other factors.
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.
Nations that are successful with their own stablecoin would be able to use the system in tandem with their existing financial institutions and other cryptocurrencies, without having to enforce harsh regulations and asphyxiate the innovation that the blockchain has brought to the table this year.
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.
USDX Protocol said it plans to release additional Stablecoins pegged to other currencies and financial instruments, such as foreign exchanges and commodities.
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.
This reduces the counterparty risk that is common in other collateralized stablecoin projects.
Long have I been a critic of the «stablecoin» concept - the quasi-magical idea that a cryptocurrency can tell the market what its price should be, rather than the other way around, which...
Due to their superior stability relative to other cryptocurrencies, stablecoins have greater potential for everyday use.
The other 67 currencies are synthetically - created «stablecoins» whose values are pegged to those of their associated assets using smart contracts and are settled in Bitcoin.