Stablecoins are Cryptocurrencies that are backed by another stable asset, like gold or the U.S. dollars ($) currency. It's a global currency that is not tied to a central bank but has low volatility allowing it to be used to pay for things like electricity bills, etc.
Stablecoins aim to provide safety in relation to the major currencies of which reputable central banks are tasked with maintaining the purchasing power over time on the market for crypto-assets. Crypto-assets are characterised by high price volatility, which makes them incapable of performing the three functions of money, namely acting as a store of value, a means of payment and unit of account. Stablecoins have been introduced by their proponents as an attempt to protect the revenues from crypto-asset investments from such volatility.
How do stablecoins maintain their stability?
Methods needs to be applied for stablecoins to maintain their stability.
The backing with collateral enables to keep the price stable and buy back the stablecoin in the same amount of Fiat or other asset that is is pegged to. By that we mean if there is no demand for the payment asset then the issuer will repurchase it from the backed collateral provided by the system at a pre-fixed price.
In the case of independent projects here are 5 solutions for exchange rate stability:
Fiat-backed
This FIAT backing can only be used to repurchase previously issued coins. In this, the involvement of a third party (bank, escrow) is inevitable.Crypto backed
Crypto currencies is decentralised by other liquid cryptocurrencies or a cryptocurrency portfolio it can be a great solution to strengthen decentralisation.Other asset backed
In this case the issued payment assets are not backed by other payment assets. Instead, they are backed by securities, stocks, government bonds or even gold and other precious metals. This is a great method to ensure stability, but we must be borne in mind that these assets are not as liquid. The portfolio to be hedged must be continuously evaluated for market capitalisation and coin issuance is only possible with that value in mind.Hybrid
It can significantly reduce risks if a stablecoin is backed by a “hybrid” method. This means that the hedge is made up of multiple items as stated above. This gives the system room for manoeuvring and provides extended security. As the payment asset becomes more and more adopted it allows the system to extend the portfolio with less liquid assets such as real estate funds or hedge funds.
And each of these solutions can be found on the market in order to achieve stability.
.jpeg)
The Corion Foundation
Corion Foundation is a Swiss-based foundation founded in 2016.
It was created with the aim of helping the development and expansion of stablecoins and cryptocurrencies in the world. As the industry is developing the Foundation expands its activities supporting digital payments, DeFi and
CBDCs adoption.
Our Mission
Our aim is to encourage world-wide adoption of stablecoins, Decentralized Finance (DeFi), Central Bank Digital Currencies (CBDCs), and other reliable cryptocurrencies (like Bitcoin, Ethereum etc.) in general. To help the unbanked, young people gain access to swift, safe and cheap banking. We support projects that are working on such developments and growing their client base, and infrastructure. Corion Foundation aims to create a common platform for such projects, as their universal adoption is what all of us is looking for. We are determined and will do everything possible to make stablecoins and cryptocurrencies available in most e-wallets, hence making them
accessible in more and more regions of the world. This helps users, to have access to stable pay-per-click, crypto payments, regardless of what wallet they use.
Our Benefits
Regarding stablecoins
Corion Foundation helps the generalisation of stablecoins, CBDCs and DeFi with the following activities:
- Launching and supporting the “Stablecoin Movement” and it’s campaign programs.
- Market research and sharing it with the participating stablecoin/cryptocurrency projects
- Identifying stablecoin projects, bringing them together and exploring ways to collaborate
- Publishing supporting articles about stablecoins/cryptocurrencies
- Promote and grow the stablecoin ecosystem as a whole
- Review on our blog and social media channels
- Interview with industry experts (blog or video interview)
- Users tests
- Mutual infrastructure (e-wallet, swap, merchant gateway, CBDCs rails, DeFi)
- Convincing e-wallet providers to accept stablecoin
- Obtaining acceptance of stablecoins by a wide range merchants, payment providers
For stakeholders
- Consulting, project rating, scoring
- Business model and whitepaper review
- Legal, regulatory clarity and company setup
- Code review, audits
- Fundraising, investment
- Intellectual capital, partnerships
- Representing on events
- Wallet, merchant gateway, swap integration
- Reaching out to industry stakeholders (regulators, investors, traders, rating agents, exchanges and insurance companies) to engage them on the stablecoin movement and matchmaking collaborations.
Infrastructures we provide for stablecoins
Wallets
We provide a means of storage for the stablecoins and CBDCs that can send and receive stablecoins with securities like two factor authentication, private key secure, one button send/receive, QR code generating, debit card integration, built in ‘gas’ management, custodial with KYC, non custodial.Exchanges “Swap” interfaces
We provide an interface where user can easily buy and sell stablecoins for fiat and major cryptos, also swapping money from one type of stablecoin to another anytime, anywhere in the world.Lending, DeFi (Decentralized Finance)
We provide forums where user can easily issue, borrow and lend stablecoins and do different financial activities with crypto assets.Issuers and service providers of CBDCs
We also provide use cases for government issued stablecoins, CBDCs like wallets, gateways, interoperability services, financial services.
.jpeg)
CorionX Utility Token
The CorionX is an ERC20 Ethereum based utility token and stands for the use of stablecoins, CBDCs and OpenFinance cryptocurrencies. It brings different stablecoin and crpytocurrency projects, service providers and community members together, introducing them to the world and supports the building of a stablecoin user community. CorionX creates the framework for education, expansion and promotion for usage and payment with different stablecoins globally.
CorionX act as the “gas” for stablecoins adoption. CorionX is not a stablecoin itself, but has many benefits and incentives in usage and popularization of stablecoins. Learn, Buy, Use , Stake.
Token Benefits
- CorionX can be used to pay membership fees and other service fees of CorionX and Corion Foundation infrastructure in CorionX.
- The Foundation is continuously working on forming partnerships and settling white label services to allow to CorionX user community to use these infrastructures at more favourable conditions
- CorionX users will have access to operate and transact on the network.
- Token holders are entitled to be rewarded 2.5% quarterly in the Loyalty Staking Program on their own right. Staking providers, partner exchanges will be allowed to provide additional, special staking rewards.
- CorionX holders are eligible to engage in stablecoin, DeFi and lending giveaways, airdrops offered by the Corion Foundation in partnership with the stablecoin issuers, payment providers and platforms to support through their expansion the usage of stablecoins and cryptocurrencies.
Last Words
We are determined and will do everything possible to make stablecoins and cryptocurrencies available in most e-wallets, hence making them accessible in more and more regions of the world. This helps users to have access to stable pay-per-click, crypto payments, regardless of what wallet they use.
Contacts
- Website https://corion.io/corionx/
- Whitepaper https://corion.io/corionx-whitepaper-en/#
- Twitter https://twitter.com/CorionPlatform
- Facebook https://www.facebook.com/CorionFoundation
- Medium https://medium.com/@Corion
- LinkedIn https://www.linkedin.com/company/corionplatform/
- Telegram https://t.me/corionx
- YouTube https://www.youtube.com/channel/UCD9royvfm_-02vV9eHvZk8A
Author: Lordrift https://bitcointalk.org/index.php?action=profile;u=2751337
My Proof of Authentication https://bitcointalk.org/index.php?topic=5262143.msg54811376#msg54811376