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Stablecoin
Stablecoins are pegged to fiat currencies such as US Dollar,
other cryptocurrencies, precious metals like gold, silver,
diamonds or a combination of all. Fiat currency looks to be the
most popular option in the crypto market place right now, One
unit of stablecoin is equal to $1.

List of stablecoins
Some of the most popular stablecoins are Tether, Paxos
Standard Token Gemini Dollar, BitUSD,
Tether:
Tether is a well-known stablecoin, and it is the most used
stablecoin that aims to keep cryptocurrency valuations stable.
Tether belongs to the category of fiat collateralized stablecoins,
it is a fiat currency like the US Dollar, it was specifically
designed to build the necessary bridge between fiat currencies
and cryptocurrencies and offer stability. Some of the crypto
traders said that 80% of all bitcoin trading is done in Tether.

Paxos Standard Token:
This token was issued by the Paxos Trust company, pegged to
the US dollar and it is backed by USD reserves. Paxos was
approved and regulated by the New York state department of
financial services and it was supported on the Ethereum
Blockchain
Gemini Dollar
It was the wold’s first regulated stablecoin, The Gemini
Dollar(GUSD) is an ERC20stablecoin that allows holders to send
and receive USD across the Ethereum network. Stablecoins also
serve the 1.7 Billion People who do not have access to banking
services in areas with inflexible capital controls or areas without
financial infrastructure.

Development of stablecoins
The development of secure, efficient and reliable stablecoins
provides a platform to develop an overall distributed
environment of markets, loans, and insurance. Payment for
various DApps would raise the trust and advocacy of stablecoin.
If you are a start-up or entrepreneur planning to create your
own stablecoin?
Developcoins are the leading stablecoin development company,
providing for an end to end stablecoin development services
including stablecoin creation, trading, and marketing. The team
of stablecoin developers gives their full support and provides
free consulting to their clients to create own cryptocurrency and
complete your project

Get a free stablecoin development based
consultation @ Whatsapp - 91 9843555651,
Skype - live:Tech Innovate, Email id -
sales@developcoins.com
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