At the moment, stablecoin based projects are getting more responses from investors, traders, and end-users. Behind the success of a fiat-backed stable token project, most of the crypto business people are willing to launch their fiat-backed stable token in the market for various business purposes. With fiat-backed stable token which helps to raise the current economic ratio in the lockdown period.
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Launch of fiat-backed stablecoins is also on the rise in the last one month, a powerful change that has slowed down volatility associated with non-stablecoins.
Stablecoins attempt to be fiat currencies among other cryptocurrencies. They can be a medium of exchange, a means of storing value and a unit of account. Unlike other digital coins like Bitcoin, stablecoins are backed to some kind of stable asset — like the United States dollar, euro or even gold or other metals. Linking to such assets confirms the coin’s stability and mitigating the volatility of cryptocurrencies.
ERC20 fiat-backed stable token network is turning to Smart Contracts to keep prices of these stable and make the platform safe and secure. The fiat-backed stable token project has been facing a lot of response from the digital money market and stakeholders.
Behind the success of Tether & TrueUSD, lots of fiat-backed stable tokens are arriving in the crypto market which is ready to attract the investors and traders worldwide.
TrueUSD Fiat-backed Stabletoken:
TrueUSD is backed by the U.S. dollar and represents the first ERC-20 stable token built on the Ethereum blockchain. In essence, the TrueToken platform, which is behind TrueUSD, is designed to create tokens with the support of fiat assets.
At the moment, 100% is secured by US dollars on legally protected escrow accounts with several partners of the bank so that you can trade, send and receive payments with peace of mind.
- Founded: 2018
- Pegged to: US Dollar
- Market cap: $142 264 155
- Circulating supply: 142 451 763
- TUSD Historical price fluctuations: $0,934 – $1,36
- Website: https://www.trusttoken.com/trueusd
- Traded on: Binance, Bittrex, OKEx, CoinEx, KuCoin
- Mechanism of stabilization: Every TUSD token is backed by $1 U.S. held in an escrow account by third parties.
Want to create Ethereum blockchain-powered erc20 fiat-backed stable token with the smart contract? or want to create your own decentralized fiat-backed stable token which can become an intermediate in the process of replacing the fiat currency supply with a digital one?
Developcoins - A leading stablecoin development company
Developcoins is the acclaimed stablecoin development service and solution provider for individuals, startups & large enterprises now steps forward to the upcoming crypto business modules which are more demanded in the crypto market. We, crypto innovators, are consistently analyzing the business markets in diverse verticals. We consider stablecoins to be an integral part of building the financial infrastructure of the future. Our main objective is creating and launching the most reliable and proven fiat-backed stable token with end to end solutions.
Launch Your Own Fiat-backed Stabletoken like TrueUSD!
Entrepreneurs who are looking to create a reliable and proven fiat-backed stable token like TrueUSD can get our end-to-end stablecoin development services and solutions at an affordable budget.
If you are ready to launch an erc20 fiat-backed stable token within a week then don’t waste your time, instantly connect with our experts to get a free consultation @ Whatsapp - +91 9843555651 | Telegram - Developcoins
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