IOST Blockchain Integrates USD Stablecoin USDA
26 May 2021, to foster the increasing application of USD stablecoin as a prepaid means of payment, the Platinum Egg team — IOST Node Partner, and Game Developer announced the launch of IRC-20 USDA- a US Dollar-pegged stablecoin on the IOST blockchain.
USDA pegged 1:1 to the US Dollars can be purchased with US Dollars, Japanese Yen, BTC, ETH, and IOST.
Notably, USDA is not the first stablecoin issued on IOST this year. IOST had integrated HUSD, one of the world’s largest stablecoins by market cap, and added JPYA Japanese Yen-pegged stablecoin in collaboration with the Platinum Egg Team last week.
What Problems Does USDA Solve?
Although blockchain-based payment methods such as Bitcoin and Ethereum have emerged since around 2010, their prices have fluctuated greatly and their use as a payment method has not been a reality. In addition, the latest market dip has caused traders to move away from volatile cryptocurrencies to stablecoins.
Several stablecoins have started to be created in Japan, but they have yet to become popular. The Platinum Egg team hence aims to popularize the use of USDA as a stablecoin that can be used seamlessly for the smallest of payments.
Clearly, IOST is the preferred choice for developers looking to find a user-friendly, secure, and gas-efficient blockchain to develop their dApps.
Thanks to the use of Javascript smart contracts, IOST has cemented itself as a developer-friendly smart contract platform to launch stablecoins. Compared to other blockchains that consume high gas and might not be economically feasible for all, IOST is practically free which makes it an optimal option for transactions with small amounts.
USDA
- Available for everyone to use as an advance payment method
- Can be purchased in US Dollars, Japanese Yen, BTC, ETH, and IOST (US Dollars or Japanese Yen only at the time of release. BTC, ETH, and IOST purchases will be added in due course)
- Will be available on various services operated by Platinum Egg, including TOKENLINK
- Easily used for small payments in an ultra-fast and practically gas-free manner.
Anyone can buy USDA and JPYA from stablecoin’s official website here.
About Platinum Egg
Platinum Egg was founded and started its game development business in 2002. We started the development of blockchain-related services in 2017 and have been operating NFT Market TokenLink since 2021. With the issuance of JPYA and USDA, the team aims to further activate blockchain-based payment methods and transactions of goods in Japan.
About IOST
IOST is the 29th compliant coin in the Japanese market, approved by the Financial Services Agency (FSA), the Trading platforms supervision Alliance in Japan, and is the 14th coin listed on Japan’s most compliant exchange CoinCheck.
IOST has proven a solid and massive development track record in Japan. The coin was voted as the most popular potential coin on Huobi Japan, outperforming ENJ, NEO, ONT, QTUM and XTZ. For potential developers in Japan, it is noteworthy that the IOST Japan team is regularly hosting a Free Developer Course on a biweekly basis as a boost for the education and sustainable development of blockchain.
Backed by major financial and VC firms such as Sequoia, Matrix, and ZhenFund, IOST is a pioneering decentralized, high-throughput, gas-efficient Proof-of-Believability-powered smart contract platform built to tackle the scalability trilemma once and for all. For this, the concluding ranking from China’s CCID ranked IOST as the best blockchain platform under Basic Technology, better than Ethereum, EOS, and every other smart-contracting platform evaluated by the agency. This is a testament to the quality and ability to roll out a better, innovative product and reflective of our true desire to be the best in the sphere.
Being one of the public chain leaders in terms of adoption, performance, and utility, IOST remains committed to our mission to unleash the power of blockchain. IOST currently has the ever-expanding 500,000 community members in over 20 countries, over 400 nodes, a top staking economy, symbiotic relationships with corporations dotted worldwide.
If you would like to hang out with the IOST community on chat, social media, or to discuss product development, we have something for everyone:
- International English Telegram Group
- IOST Announcement Channel
- IOST Official Twitter
- IOST CEO Jimmy Zhong Twitter
- Slack Developer Community
- Uptrennd
- Facebook Page
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