Stablecoin: Understanding Types & Differentiantions

Sergey.O

25.08.2020

The world is progressively accepting the fact that cryptocurrency is here to be. Starting from the first splash it made with Bitcoin in 2009, the industry is continually developing and seeking new, better solutions. The introduction of stablecoins has helped to eliminate a huge problem with the volatility of crypto assets.

In this article, we will go through the main types of stablecoin collaterals and describe how they work, in order to help you understand the technology better.

Conclusion

If before we should have talked about fiat-currency and crypto worlds as two separate ecosystems, this is not the same anymore tanks to the stablecoin successful adoption.

Which type of stablecoin to use is your choice, our mission in Blaize is to ensure the usage of best technologies and experts in order to fulfill your project. In terms of development, Blaize can offer the initial creation of stablecoin using any of the described mechanisms, as well as, the integration of any existing solution into your business case.

Contact Blaize to discuss further opportunities of stablecoin development for your project!

Well, if you need a solution that gives the opportunity to simply and at the same time safely exchange or make transactions with coins tethered to any existing fiat currency or you search for stability in crypto-assets then creation of your own stablecoin is the best solution. By the way, we are experts in NTS development, so if you need help, please contact us.