Create and Launch A Reliable Fiat-backed or Dollar-backed Stablecoin!
A stablecoin as its name define, is a stable crypto token developed to be resistant to the type of price volatility synonymous with cryptocurrencies...
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What is "stable"? which references are pegged or backed to make its real value "stable"In terms of what we measure the "stability". We look at stablecoin from various angles.
Actually, a stablecoin is backed by a reserve of fiat money. The reserves that back the value of a stablecoin can also be commodities or assets like gold, bonds, or other stable real-assets. In real term, we actually measure "stability" using the "US dollar" or the "currency level". So depending on the types of capital backing, we can have different types of pegged stablecoins.
There are three main types of stablecoin: fiat-backed, commodity-backed and cryptocurrency-backed.
Create your own Fiat-backed or dollar-backed stablecoin!
Fiat-backed stablecoins were the first kind to enter the cryptocurrency market and remain the most common type.
Well, the most common type of stablecoins are associated or backed, by global currency or fiat currency like USD, EUR, GBP and more…
Fiat-backed stablecoins are backed at a 1:1 ratio, that means 1 stablecoin is equal to 1 unit of currency (like a dollar whatever USD, EUR, or GBP). So for every stablecoin that occurs, there is real fiat currency being held in a bank account to back it up.
Fiat-collateralized stablecoins are the easy and understandable structure a stablecoin can have, and simplicity has huge advantages. It’s easy to understand for anyone new to the crypto world, which can allow for a more comprehensive adoption of this brand-new technology. Fiat-backed or dollar-backed stablecoins are also backed by blockchain technology that ensures high-volume liquidity, high-end security and user transparency.
Benefits of fiat-collateralized stablecoin:
Redeemable for US Dollars
Faster, cheaper, borderless transactions
High programmability and scalability
If you’re searching for a Fiat-backed stablecoin development company or cryptocurrecny development team which can give your business a competitive edge over your competitors online, you’ve reached the right place.
Developcoins is a well known Stablecoin development company in India. We help Startups, brands and large firms reach newer heights with our cryptocurrency and blockchain development services.
Apart from stablecoin development, we provide complete services and solution to navigate your stablecoin business journey towards success.
Stable coin or token development
smart contract development
stablecoin marketing and more
Are you ready to take the next step in turning your innovative ideas into a reality? Do you want to add a stable Fiat-backed cryptocurrency solution to your business? Take a free consultation @ Whatsapp - +91 9843555651 & Telegram - Developcoins