Introduction of Stablecoins

Introduction of Stablecoins

USDT (Tether): USDT(Tether) is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency.

TUSD (TrueUSD): TUSD(TrueUSD), part of the TrustToken asset tokenization platform, is a blockchain-based stablecoin pegged to the value of USD. In the TrueUSD system, U.S Dollars are held in the bank accounts of multiple trust companies that have signed escrow agreements, rather than in a bank account controlled by a single company. The contents of said bank accounts are published every day and are subject to monthly audits.

DAI (Dai): DAI (Dai) is a collateral-backed cryptocurrency whose value is stable relative to the US Dollar. It was created by the Maker, a smart contract platform on the Ethereum blockchain, to enable anyone to leverage their Ethereum assets and generate DAI tokens on the Maker Platform. Once generated, Dai can be used in the same manner as any other cryptocurrency.

PAX (Paxos Standard Token): PAX (Paxos Standard Token) is an Ethereum-based (ERC-20) token that is backed one-to-one by USD deposits and available through Paxos. It gives users the ability to exchange value between them on the Paxos Exchange, itBit, which allows to cash out of their holdings directly and instantaneously to PAX. The token will be traded on external Exchanges as well. Paxos accepts dollar deposits and issues Paxos Standard tokens which can be traded, transacted and transferred.

BITCNY (bitCNY): BITCNY (bitCNY) is a market pegged asset (MPA) issued on the Bitshares platform, these assets are known as bitassets or smartcoins. Smartcoins always have 100% or more of its value backed by BitShares (BTS), and can be redeemed for it at any time. Since the exchange rate of BTS to CNY can change, the blockchain protocol deals with increasing and decreasing supply accordingly. This allows users to trade and transfer stably priced tokens across the blockchain and to trade real-world commodities like gold and silver in a decentralized manner.

EURS (STASIS EURS): STASIS developed a token named EURS to link the vast potential of the cryptocurrency ecosystem without the volatility and inconstancy of the standard currencies. EURS is the issued token by STASIS and his value is tied EURO currency. The EURS token is 1:1 back by financial assets, users can sell the tokens to acquire fiat money and is not classified as a security under Malta’s law. Built on the Ethereum blockchain, EURS (EIP-20) can trace all transactions for any given EURS.

BITUSD (bitUSD): bitUSD is a market pegged asset (MPA) issued on the Bitshares platform, these assets are known as bitassets or smartcoins. Smartcoins always have 100% or more of its value backed by BitShares (BTS), and can be redeemed for it at any time. Since the exchange rate of BTS to USD can change, the blockchain protocol deals with increasing and decreasing supply accordingly. This allows users to trade and transfer stably priced tokens across the blockchain and to trade real-world commodities like gold and silver in a decentralized manner.

NBT (NuBits): NBT (NuBits) is the world’s first stable decentralized digital currency. One NuBit is designed to always be worth USD 1.00. NuBits was released on 23 September 2014 by a veteran group of Peercoin developers and community members led by Jordan Lee. It was developed from the same stable and secure code that Peercoin and Bitcoin use.

NUSD: NUSD is the stablecoin in the Havven network. It offers a decentralised and scalable solution to a significant problem in the blockchain ecosystem: price volatility.

WSD (White Standard): The White Standard is a stablecoin 100% backed by and redeemable for $USD.

BITEUR (bitEUR): BITEUR (bitEUR) is a market-pegged asset to the Euro on the BitShares blockchain. It is often also referred to as a smartcoin, a bitasset, or just EUR in the context of blockchain assets.

USDC (USD Coin): USDC (USD Coin) is an Ethereum-based (ERC-20) cryptocurrency. It is a stable coin that will serve the users as a medium to exchange value on the platform. According to USDC Price Guarantee Plan, it uses the company as a guarantee, each USDC reserve on the platform will equal 1 USD of ETH or BTC forever.

GUSD (Gemini Dollar): GUSD (Gemini Dollar) is an Ethereum-based (ERC-20) cryptocurrency developed by Gemini. It is a stable coin which is attached to the USD, giving it the stability of fiat along with the advantages of cryptocurrency.

SDS (Alchemint Standards): Alchemint is a smart contract platform that runs on the NEO public chain. It creates consumer-grade, stable-price encrypted digital currency through distributed ledger technology and smart contracts, and is committed to creating a decentralized, robust, open and transparent stable price figure. In order to optimize their mainnet contract, the ticker SDT (Special Drawing Token) is changed to SDS (Standards).

COR (CORION): COR (CORION) is a financial asset of the CORION platform, its stability ensures security to both service providers and users. It has built-in automated inflation and deflation control ensuring the stable price inevitable to carry out real life transactions. CORION Platform is an ecosystem with a digital asset to serve the global economy, with innovative tools for payment, finance and trading.