Therefore, scalability could speed the mass adoption of stablecoins. In particular, scalability could help big banks like BNY Mellon (NYSE: BK), JPMorgan Chase (NYSE: JPM) and Goldman Sachs (NYSE: GS) bring out their own stablecoins.Read more
Oddly, I believe there will be a tremendous demand for both pEOS and INCENT, if they work as advertised. To explain, I think each of these cryptocurrencies represents a widespread need in the altcoin market.Read more
However, Stablecoins have a very odd characteristic. Interestingly, dollar-pegged stablecoins’ often trade for more than $1 on many cryptocurrency exchanges.
For instance, Tether’s (USDT) Coin Price was $1.01 on 4 March 2019. Meanwhile, USD Coin’s (USDC) Coin Price was $1.02 on the same day according to CoinMarketCap. Moreover, BancorX gave CarbonUSD (USD) a Coin Price of $1.02 on March 4, 2019.Read more
CarbonUSD plans to keep the dollars in a blockchain trust maintained by an algorithm. To clarify, the algorithm will supposedly pay $1 when you pay with a CarbonUSD token. Hence, CarbonUSD is really a decentralized app (DApp) they program to pay a dollar when it meets certain conditions.Read more