Sentences with phrase «stablecoins such»
Basis does not plan to «peg» its price to the dollar like other successful stablecoins such as Tether (USDT) have done.
https://earlyinvesting.com/
A Stablecoin such as USDY can also be used as an alternative to fiat currency in the exchange of goods.
Not exact matches
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.
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.
In such a scenario a solution would be the use of 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.
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.
This is where the value of having a stablecoin, such as Maker's Dai, becomes apparent.