Fantom’s Stable Coin Platform — Statheros

By Andre Cronje, Edited by Michael Chen

Introduction (Michael)

At heart, the Fantom Foundation is a technology provider, and its team consists of developers and researchers whom specialize in consensus protocols.

Dividing and distributing our organization into different entities and teams, targeting different geographies and industries is a logical step for us. You may already be familiar with the Fantom Innovation Lab, which is actively targeting real world adoption around the UAE together with the Private Office of Sheikh Saeed bin Ahmed al Maktoum. But we felt that a clarification was warranted because we do not wish for our community and token holders to pigeonhole into a single business vertical.

Today, we are excited to announce the genesis of a new brand of ours, which will encompass all stablecoin and stablecurrency related matters on top of Fantom technology.

Meet Fantom Statheros.

Value Proposition (Andre)

Fantom’s consensus via Lachesis and the TxFlow protocol allow for fast responsiveness and high transactional throughput. This is the base layer of the stack.

Fantom consensus is a plug-and-play module for Ethereum or Cosmos. On the Cosmos stack, we have built a stable coin issuance platform. This is not a stable coin, but a toolset to allow the issuance, transfer and trade of stable coins.

The stack allows you to mint 1:1 backed fiat currencies into KYC/AML approved wallets. The stack includes default audit reporting and disclosure.

On top of the stable coin issuance stack is the Fantom Pay ecosystem. A payments solution that allows Crypto to Crypto payments via merchant portals.

So top layer you have a wallet (mobile, desktop, and web) that allows the transfer of funds. This also includes payment integration endpoints for point of sale systems (such as Posbank).

Middleware layer, you have a stable coin issuance system, will reporting, and KYC/AML.

Foundation layer, you have TxFlow responsiveness, backed by Lachesis consensus for security.

This platform allows any organization that has a fiat deposit license to accept funds and issue full disclosure and auditable 1:1 parity backed stable coins to KYC/AML approved wallets while allowing the users to use the token to pay for services and onboard merchants.

Official Links for Fantom:

Official Email Address: contact@fantom.foundation

Official Website Link: https://www.fantom.foundation

Official Telegram Discussion Group (English): https://t.me/fantom_english

Official Telegram Announcements Channel: https://t.me/fantomfoundation

Official Subreddit: https://www.reddit.com/r/FantomFoundation/

Official Twitter: https://twitter.com/FantomFDN

Official Medium: https://medium.com/fantomfoundation

Official Github: https://github.com/Fantom-foundation

Official YouTube Channel: https://www.youtube.com/c/fantomfoundation