Sentences with phrase «uses stablecoins»
Abra has been using stablecoins in USD, EUR, JPY, KRW, etc. and our platform has already seen hundreds of millions of dollars worth of transactions using the same technology.
https://www.abra.com/
Designed to provide a practical cryptocurrency, useful for everyday economic purposes, Havven uses a stablecoin model to maintain a steady value.
It is reasonably safe to assume that users who are starting to use stablecoins in these early stages of blockchain technology will be cryptocurrency enthusiasts.
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.
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.
Additionally, the stable aspect of these specialized cryptocurrencies makes these stablecoins perfect for day to day use.
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.
In such a scenario a solution would be the use of stablecoins.
Virtual asset developer, Singapore - based New Money Labs Foundation on Tuesday unveiled plans for a third generation Stablecoin, using its USDX Protocol, which it claims will ultimately solve the extreme volatility in the crypto market.
A Stablecoin such as USDY can also be used as an alternative to fiat currency in the exchange of goods.
In the past few months, buzz has been building about stablecoins, a type of cryptocurrency that uses either complex economic models or real world assets to maintain some sort of stability and ensure investor confidence.
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.
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.
«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.
The two tokens utilized by the system are the Havven Token, used by those wishing to provide collateral to the network, and the Nomin Token, the stablecoin, used by those wanting to facilitate payments.