Gold Backed cryptocurrencies are the variant of the stablecoin. Stablecoins are cryptocurrencies backed by treasured metals like gold, silver, and more, and also government-issued fiat money and commodities that exist in the real world.
Get Custom Stablecoin Development Services to Bring Volatile Stability in the Crypto-Environment. Stablecoin is a cryptocurrency, which was designed and created to bring in stability to the price volatility of the cryptocurrencies. Every Stablecoin are backed with fiat currency or any real-world asset that has a value. With Stablecoin, the transactions of cryptocurrencies has become simple and easy. Stablecoin Development process starts from creation of cryptocurrency, inducing smart contract, deploying tokens on blockchain and finally Stablecoin Marketing. This coin is promoted to the interested buyers who hold it over a period of time with an assumption that its value might raise in the future. At Blockchainappsdeveloper, we render blockchain based platform with latest features to create, manage and trade Stablecoins seamlessly in a secure environment. With utmost care and well-planned strategy, we provide complete Stablecoin Development Services right from creation of tokens to marketing and hosting Stablecoin offering event.
Fiat-backed cryptocurrencies are the simplest form of stablecoin backed with assets, in which each stablecoin represents 1 unit of currency. Tether, Bitcoin, Ethereum, etc are some of the examples of fiat-collateralized .
This is another form of stablecoin that posses tangible assets with real value, which is missing in cryptocurrency. The value may increase over time and Digix Gold, Tiberius Coin, Swiss Real Coin are some of the examples of Commodity-Collateralized.
Decentralization is the main fact about this stablecoin. It is not controlled by a single entity, so complete security, reliability and transparency will be maintained. One of the advantage of this coin is that it can be easily converted into asset.
This form of stablecoin makes use of the Seigniorage Shares system, which controls the supply of stablecoin. It is independent and does not rely on collateral. Since it is algorithm-based and not collateral, smart contract brings in more trust.
Stablecoins try to fasten the market value to some external authority, usually a fiat currency. They are much better than other unstable crypotocurrencies, a medium of exchange. Stablecoin uses an algorithm to handle supply.
Centralized Stablecoins, like USDT(Tether) and USDC, generate money via lending and investing, identical to traditional banks by taking a part of the account asserts and lending them out to earn interest.
Stablecoin are specially designed to maintain a stable value based on the fiat currency or any asset. It is now revolutionizing the crypto world and most of the companies switch to stablecoin to raise fund legally. This coin offers numerous benefits and the major advantageous of stablecoin development are mentioned below.
The following list reveals the list of most popular stablecoins based on their market capitalization:
Being masters at Stablecoin Development, our expertise enables us to develop unique Stablecoin tokens, backed with real world assets and supports well with trading and exchange platform of specialized tokens.
It is mandatory to create all inclusive whitepaper for any Stablecoin Development. We know the details which an investor looks for and create simple document with all information to attract the investors and raise funds.
Our Stablecoin Consultants have proven industry experience in planning your Stablecoin Development project in the most appropriate method. Get end-to-end information on stablecoin from our insight team
Knowing that marketing is the backbone of Stablecoin Development Agency, our focus lies in delivering ingenious set of marketing strategy to reach out to the investors in the first sight.
Stablecoin is the foremost platform for non-fiat crypto trading, with low volatility and doesn't fluctuate drastically. It is one way to measure an asset's deviation and quantify the daily returns.
One must consider the following steps to create a stablecoin. To launch a stablecoin, the owner of the stablecoin should possess certain assets. In subject of a gold-backed stablecoin, one should own gold in its physical form. Once the gold is submitted, timestamp records, are recorded in the distributed ledger to provide ownership of the asset.