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#Stablecoins News

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Cryptocurrency rate exchange can change by 10% or more during a single day that makes it difficult to use them for calculations between individuals and entities. Stablecoin is a cryptocurrency that has a fixed rate exchange which can raise or drop no more than by 1%. The stablecoin rate exchange is fixed to the value of various assets which price is not being varied a lot under the influence of external factors (like gold or dollar). The aim of stablecoin creation was to integrate new economical inventions into the existing businesses without the risk to lose the finances during the fluctuation of rates. That is why stablecoins can be used for calculations between two counteragents out of the banking system and with maximum privacy. There are several types of the stablecoin depending on the tool to which it is pegged. The most popular are the stablecoins which have bindings with the dollar (Tether(USDT), TrueUSD, USDC и eUSD). Then go the cryptocurrencies which price depend on gold (Digix DAO) or oil (El Petro). There are also the cryptocurrencies which partially depend on more popular cryptocurrencies like Bitcoin or Ethereum (MarkerDAO). We monitor all the Stablecoins news and share them with you here.

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Latest News

Ripple (XRP) may Become the Official Cryptocurrency of of the Tokyo Olympics 2020

The petition to make Ripple (XRP) the official cryptocurrency of the next Summer Olympics already raised 9600 votes. Ken Takahashi, the author of t...

  2 months ago

Cryptocurrency Startup Eidoo Announced Stablecoin Tied to Gold

We wrote about the STASIS EURS stablecoin tied to Euro a few days ago. Another startup - Swiss Eidoo announced its own stablecoin - Ekon, tied to gol...

  3 months ago

Forbes: Big Investors Believe in Crypto Industry

Despite the significant drop of the cryptocurrency market this year, institutional investors believe that digital currencies are here to stay. Some tr...

  3 months ago

Bitcoin Price Already Hit the Bottom?

Galaxy Digital CEO Mike Novogratz expressed an opinion that Bitcoin price already hit the bottom. He makes reference to Bloomberg's Galaxy Crypto Ind...

  3 months ago

Overview of the STASIS EURS Crypto Currency

Overview STASIS EURS is a new crypto currency positioned as the EURO currency tokenized on a blockchain and having the same value and exchange rate...

  3 months ago