The 9 New Stablecoins Entering The Cryptocurrency Market

WorkCoinWorkCoin Posts: 222 Brand New
  1. Tiberius Coin -Tiberius Coin (TCX) is unique in the stablecoin space, as it is backed by not just one asset (like USD or silver), but by a combination of 7 precious metals: gold, platinum, tin, nickel, cobalt, aluminium, and copper.

  2. LBXPeg - LBXPeg is the first cryptocurrency to be tied to the value of the pound sterling (GBP), held in an auditable UK bank account on a 1:1 basis.

  3. Candy - Candy, was originally only available to Mobicom users. But as of October 1, every Mongolian citizen with a mobile phone is able to use the brand-new currency to pay bills, shop online, transfer funds, and take out micro-loans.

  4. Paxos Standard - Launched on September 10 by the Paxos Trust Company, PAX tokens are fully collateralized 1:1 to USD. What puts PAX tokens above the slew of other USD-backed stablecoins is that PAX is approved and regulated by the New York State Department of Financial Services.

  5. Gemini Dollar - Also declaring themselves the “world’s first regulated stablecoin,” the Gemini dollar (GUSD) was launched by Gemini Trust Company, a digital currency exchange and custodian run by the billionaire Winklevoss twins.

  6. USD Coin - On September 26, cryptocurrency finance firm Circle Internet Financial Ltd, along with the CENTRE open-source consortium, launched USD Coin (USDC), another stablecoin backed by US dollars.

  7. CarbonUSD - CarbonUSD (CUSD) is a dollar-pegged stablecoin based on the Ethereum network. Carbon has stated that CUSD is available for exchanges, traders, hedge funds, and institutional investors.

  8. nUSD - Havven, a decentralized payment network, launched its first stablecoin—called nUSD—back in June. Pegged to the US dollar, nUSD originally launched on the Ethereum network. However, Havven announced in August that they would also be issuing nUSD on the EOS network by the end of 2018, in order to provide a “cross-blockchain stablecoin.”

  9. Stronghold USD - Financial institution Stronghold released information about the Stronghold USD token on July 17. Pegged 1:1 to the US dollar, this stablecoin allows investors to exchange their US dollars for Stellar lumens (XLM), plus any other Stellar-based coins, through the Stronghold platform with Prime Trust as their custodian.


Sign In or Register to comment.