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Stablecoin .. What and how to use and the most important types

2018-12-19 05:33 pm | Resource: Crypto Section | No Views : 284

Stablecoin .. What and how to use and the most important types Stablecoin .. Stable digital currency, a term that seems strange to some in the digital currency market, but it is a new type of electronic currency, which aims to retain the value of the token consistently, will be the subject of our conversation today, we will try to address everything that belongs to him.

What is Stablecoin?

Means a stable currency, is a term used in the digital currency market, which is simply a digital currency, but keeps its value constant, because it is linked to a conventional currency and the dollar, and the first stable currency was Tether, a currency pegged to the US dollar.
StablecoinMany currencies follow the same pattern, but vary in success. Each currency is characterized by a set of mechanisms, but in the end it works the same way. The aim is to stimulate the market to trade at a price not exceeding one conventional currency, Euro, and others.
Tether and TrueUSD keep the actual dollars in their reserves, making it easy to recover the code. Dai features a digital reserve in the reserve and a lending system.

The goal of Stablecoin

The only goal of the stable digital currency "Stablecoin" is that the digital currency market, it is not always easy to trade in dollars, due to the regulations and restrictions on this market, which is a strong alternative competitor also in the market, and makes it required by some .
This makes it easy to trade and exchange stable currency currencies in encrypted currencies, as well as the possibility to convert the currency you invest in the stable currency quickly, to avoid further decline in the value of the digital currency, which currently characterized by rapid fluctuations, and when the currency or return to stability, Go back to her again.
This is the "Stablecoin", the savior of investors, which can be returned every time a price drop occurs, which reduces the loss of this investment.

The beginning of the idea

The idea of ​​Stablecoin began to emerge in 2012, when JR Willett, in a book called "The Second White Paper of Bitcoin", put forward the order to create a stable currency, and the term began to gain strength in 2014.
Several attempts were made to create the idea, but all failed because the link between the digital currency and the traditional currency, including Nubits "USDNBT", which was clearly linked to the US dollar, initially managed to maintain its value of $ 1 since its inception On 9 June 2016, but then failed to hold 1: 1, and fell below one dollar resulting in its failure.

The most popular stable digital currency

Some of the currencies then managed to hold 1: 1, or just a little more, or a little less than the percentage, and then return again, and one of the most popular stable and successful currencies to date:

Tether .. The Digital Dollar

The project appeared in November 2014 through Reeve Collins, which referred to the currency as Blockchain based on Bitcoin, and used the Omni protocol.
In February 2015, Tether first appeared on Coinmarketcap and became a safe haven for many investors in the shadow of the bearish market. The currency has managed to hold 1: 1, so far. At the time of writing, the currency ranked seventh in the digital currency competition based on market value, Worth over $ 1.88 billion, and worth $ 1.01.
The stable currency has been listed in several digital currency exchanges including Houbi, Binance, Poloniex, Bittrex, Okex, and other famous exchanges.

Trueusd "TUSD"

A new stable currency, supported by the US Dollar, spread over different accounts, under the Trust Token Platform, based on the Ethereum network.
The currency was first listed on CMC's data on March 6, 2018, at a time stable at $ 0.99, or $ 1.01 per currency.
Currently, the currency ranks 27th in the market value of the digital currency market, with a value of $ 214 million, and at the time of writing the subject was $ 1.01.
Trueusd has been listed in many digital currency exchanges including Binance, Bittrex, and Zebpay.


Another stable currency, Dai, is built on an Ethereum protocol, the Dao protocol, which uses the dollar conversion rate when it securely locks digital currencies.
The currency first appeared in Coinmarketcap, on December 27, 2017, and its price ranged from $ 0.99 to $ 1.02 per unit.
The currency is not as common as USDT, and if we look at its position in the market for digital currencies based on market value today, we will find it at sixty-sixth, with a market value of only $ 57 million, and trading at the time of writing the subject at $ 1.02.
These currencies have been very popular, although they are considered controversial in the minds of many investors and have become a good idea for many financial technology companies, but it is all about the success of currency stability at $ 1, or Slightly higher, or slightly lower, and for now the reason for its success is the bearish market of digital currencies.

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