Coinatory

Let"s understand what is the reason for the mistrust of the crypto community to stable cryptocurrencies. A stable cryptocurrency, or stablecoin, is a fixed-rate cryptocurrency. The majority of currencies are determined by the market: buyers and sellers exchange tokens, and the rate is formed by supply and demand. Stable cryptocurrencies, on the contrary, try to have a fixed rate. The most famous stablecoins - Tether (USDT) and TrueUSD (TUSD). These coins are provided with fiat money, and the mechanism is fairly simple: a third party ... Read more about " Why nobody trusts in stablecoins? " on coinatory.com

The American giant IBM, in partnership with the Stronghold start-up, began working on a new cryptocurrency, tied to the US dollar. Stablecoin is called Stronghold USD and will be launched on the Stellar blockchain, reports Fortune. The technology giant is a pioneer in the field of business solutions based on blockchain technology. For example, the company has developed a program with which it is possible to track the chain of international transfers in real time, and also to conduct such transactions several times faster. Recently, ... Read more about " IBM started testing its "cryptodollar" on the Stellar blockchain " on coinatory.com