Which STABLECOIN will most likely be used in the future of crypto payments?
Our recent poll showed that majority of you believes that the future of crypto payments lies in STABLECOINS. But which one will be the “winner”? Which one do you trust the most?
For those of you who still don’t know, “Stablecoins,” as they are called by the greater blockchain community, are digital tokens (much like Bitcoin and Litecoin) that are intended to provide measurable stability and security.
These coins are “designed to be used as a unit of account and even as a store of value.”
The outstanding problem, however, is that no team has been able to develop a universally accepted stablecoin that does not compromise features of security or decentralization.
There are a few companies in the space making headway:
Tether — every USDT has one USD as reserve stored in Tether’s bank account. This guarantees Tether’s ability to redeem the legal currency at any time. https://tether.to/
Maker Dao and Dai — Maker is able to maintain the price stability of the Dai through the Dai Credit System, which backs the Dai with collateral stored in Ethereum smart contracts, while simultaneously functioning as an internet-based, p2p credit market that commoditizes credit by allowing anyone with valid collateral to take out loans that have low transaction costs and no middle man fees. https://makerdao.com/
USDX — The project will roll out in two phases by Q2.2019. Phase 1) Tokens will be produced as Ethereum ERC20 tokens called USDX. Anyone can join USDX’s ecosystem to contribute to the ICO. Phase 2) An independent public chain will be called USDY. https://usdx.money/
BASIS — Basis is designed to keep prices stable by algorithmically adjusting supply. When demand is rising, the blockchain will create more Basis. The expanded supply is designed to bring the Basis price back down. When demand is falling, the blockchain will buy back Basis. The contracted supply is designed to restore Basis price. http://www.basis.io/
HAVVEN — Havven is a decentralised payment network where transaction fees are collected from users of the network. https://havven.io/
CP Processor — Project will go beyond all of the above mentioned projects in order to achieve a higher goal — “world’s single coin” with a global open payment protocol (GOPP). Also, CP Processor by default integrated almost all process and functions that we can find here. https://coinpaymentprocessor.org/
Which of these stablecoins will most likely be used for crypto payments?! We would love to hear your opinion on this matter, so leave your comment below, or simply vote! :)
