Stable Coin Development
Stable coins work as a bridge between the world of crypto and the world of fiat currencies. The companies use some centralized authorities that back every coin with one-to-one equivalent in USD or Crypto and controls the price volatility.
The ideal stable cryptocurrency should have a few different traits such as price stability, scalability, privacy and decentralization. However, that is not enough. To spur wider adoption of any stable coin it needs to be simple to use, easy to integrate for partners and have the ability for an exchange to work with. The key feature is stability though. For the short-term when it comes to transaction and for the long-term stability is important for holding the currency.
Types of Stable Coin Development
Fiat-collateralized stablecoins maintain a fiat currency reserve, like the U.S. dollar, as collateral to issue a suitable number of crypto coins. Other forms of collateral can include precious metals like gold or silver, as well as commodities like oil, but most of the present-day fiat-collateralized stablecoins use dollar reserves.
Crypto-collateralized stablecoins are backed by other cryptocurrencies. Since the reserve cryptocurrency may also be prone to high volatility, such stablecoins are “over-collateralized”—that is, a larger number of cryptocurrency tokens is maintained as reserve for issuing a lower number of stablecoins.
Non-collateralized stablecoins don’t use any reserve but include a working mechanism, like that of a central bank, to retain a stable price. For instance, the dollar-pegged base coin uses a consensus mechanism to increase or decrease the supply of tokens on need basis.
Stable coin Development services
Stable Coin Consulting
Our team of stablecoin consultants have worked with major startups to Non-governmental organizations to launch their stablecoin Offering campaigns. Bringing to table their expertise to help plan your Stable coin development well.
We will prepare a growth hack strategy for stablecoins to reach out to the targeted investors. Our marketing experts will perform marketing activities such as influencer outreaching, social media marketing, email marketing and other growth hacks.
Stablecoin offering Whitepaper
The Whitepaper is an extremely crucial document for any Stablecoin development. A clear, easy to read Stablecoin whitepaper that has all the necessary details that an investor looks for is mandatory to raise funding.
Fiat backed Token Development
We can help you create fiat-backed tokens by pegging cash reserves like Euro, Japanese Yen or USD. For example, each token can represent 1 Yen or 1 USD.
Our team also provides clients with payment services, which can expand stablecoin offerings with multiple payment options and increase revenue. Our payment services include prepaid cards, virtual IBANs and card payments from all over the world.
Applications of Stable coin
Stablecoins are backed by a stable asset or fiat currency and therefore, it can sustain in the ever-changing monetary values.
Supported by assets with liquidity, stablecoins help businesses raise funds for projects in a secure and stable way.
As stablecoins are created using blockchain technology, all the transactions are transparent to all the members of the network.
Stablecoins are the digital-to-fiat currency which offers widespread integration as it can be traded easily at various exchanges like Bitfinex and GoCoin.