How to Create Stablecoin? - Blockchain App Factory

  • One of the biggest reasons that in the Bitcoin, the harbinger of all cryptocurrencies, was incepted was to eliminate the role played by and the cost of mediators in eCommerce. Bitcoin was looked at as a purely peer-to-peer version of electronic cash that would allow a smooth flow of online payments from one party to another without the intervention of any financial institution that might take a cut from the transaction amount.

    The Bitcoin was able to adequately fill the space for quite some time. However, the volatility of the Bitcoin has weakened its magnitude of dependability when it comes to using it as a standard medium of exchange. It is hard to imagine a currency that might be worth a Lamborghini on day 1, 10 grams of gold on day 2 and a McDonald’s burger on day 3.

    These limitations have led to the development of another breakthrough in the world of cryptocurrency, aptly named as the Stablecoin. A Stablecoin is a type of cryptocurrency that does not exhibit any volatility in its value and maintains a fixed value proportional to an underlying asset or a basket. Click the link to know more -