Moreover, Ox is being tested with stablecoins or Stable Tokens. In detail, a stablecoin is a cryptocurrency pegged to a fiat currency such as the pound. Theoretically a pound stable coin will be worth £1, for example.
Obviously, stablecoins will have enormous appeal because fiat currency supposedly guarantees the price. Strangely, stablecoins will be most popular in countries with lousy fiat currencies. For example, Venezuelans could use a stable token to accumulate and spend US dollars.
Uniquely, Coinbase ranked the Tether (USDT) stablecoin as the 10th most valuable cryptocurrency on 7 November 2018. Additionally, Tether like Ox is available through Coinbase. Therefore stablecoins are a proven concept with proven value.Read More