The topic of stable coins entered the fray in late 2017 and early 2018. Described because the “Holy Grail of Cryptocurrency”, a scalable and stable digital currency would push for adoption in daily use. The stable coin represents three units of monetary value; a unit of account, store useful, and medium of exchange. This differentiates stable coin from the remainder, this will have a real-utility value during a way volatile cryptocurrencies cannot.
The emergence of secure, efficient, trustless stable coins provides a platform to develop an overall distributed ecosystem of markets, loans, and insurance. Also, payment for various DApps would increase the anticipation and advocacy of stable coin. At Nadcab Technology we are one of the primary Stablecoin Development Company, offering for an end to finish Stablecoin development services including creation, trading, and marketing.
Stablecoin will transform the financial industry with a currency that is stable and secure for businesses to sustain in the ever-changing monetary values.
Financial services are no longer an elitist. Blockchain Technology ensures that everyone has equal access to financial institutions.
The asset-backed cryptocurrency for the 21st century which is designed to maintain a stable value across jurisdictions without a change in value.
Assets with liquidity will help you to raise funds for your project in a secure and stable form of money. When the price increases additional tokens are minted to maintain the stability.
The trading happens on margins due to the opening of collateralized debt obligation(CDO) thereby increasing the exposure to the underlying asset.
The responsibility lies with the token holder to make risk-based decisions influencing the health of the ecosystem of the stable coin.
Cloud-based mining ensures that miners do not require sophisticated equipment to mine the gold backed or currency backed cryptos.
Building an ecosystem to orchestrate consensus at a faster speed, with reduced energy usage while having higher transaction throughput.
Stablecoins are crypto-to-fiat currency which enjoys widespread acceptance in the exchanges. These can be easily traded at several exchanges such as Bitfinex.
Cryptocurrency issued represents the value of gold i.e. 1 gram of gold equals 1 crypto. This gram of gold is secure with a custodian, preferably a third-party and can be traded.
Peg your cash-reserves such as USD, Euro, or Japanese Yen and create a stable currency backed with assets. Each coin or token issue represents 1 USD or 1 Euro or 1 Yen.
Create a diamond-backed or ruby-backed or any other precious stone for a stable precious stone market. Each cryptocurrency issued represents 1 carat of diamond.
Seigniorage type Stablecoins are algorithm-based expansion and contraction of the supply of the stable coin. There are three levels of Seigniorage Stable coins.
These are tradeable tokens representing the core of the stable coin and also the value is retained about to the pegged asset.
Bond Tokens or just bonds are non-tradeable tokens created when the value of the idea coins declines, and are redeemed upon tokens returning to and trading above par.
Share tokens represent a set number of Basis shares. After the redemption of all the bond tokens, and if the token price still continues to rise, then the share tokens are issued to curb the value of the token.
The assets such as cash, precious stones, gold bars are entrusted to a third-party trust. We will conduct KYC/AML checks about the assets, after sending to the trusted third party through an escrow agreement. Once these are verified, the API will instruct the smart contracts to issue an equivalent amount to tokens that will be sent to the public address of the token holder.
For redeeming the asset, a KYC/AML check will again be carried out. needs to be conducted. The users need to send asset tokens to the smart contract from a registered wallet address, prompting the escrow bank to distribute the funds. This ensures that the asset is not touched by the system. All receipts are carried out by the trust companies through Escrow accounts.