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#Stablecoins News
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.
Latest News
Five little-known interesting facts about Bitcoin
Comparing to the first couple of years since Bitcoin appeared, now it is more options to purchase BTC. The only disadvantage of the current situation ...
2 months ago
Bitcoin is 83000 percent more profitable than gold
A popular economist and passionate proponent of gold Peter Schiff published an interesting tweet saying that Bitcoin chart is "horrible". He stated th...
2 months ago
Bloomberg: rise of Bitcoin price as result of algorithmic trading
The recent price increase on the cryptocurrency market may be related to algorithmic trade says Bloomberg. Special software (robots) is used for algo...
8 months ago
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...
1 year 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...
1 year ago