Best Stablecoin Developers

1
What are Stablecoins?

• Stablecoins are cryptocurrencies designed so that
  they can minimize the volatility of the price of
  the stablecoin relative to some stable asset or
  basket of assets.
• A stablecoin can be pegged to a cryptocurrency,
  fiat money, or exchange-traded commodities.

2
Stablecoins Ethereum Network

• In 2019, the Stablecoins industry took off with
  over 200 different stablecoins issued by
  companies worldwide, of which 50 were on the
  Ethereum network.
• At present, 74 of all the stablecoins are issued
  on Ethereum. As of 1st January 2021, it is worth
  around 20 billion. Like ERC-20 tokens,
  stablecoins, too, have all the benefits of the
  Ethereum tokens.

3
Various Stablecoins
FIAT-BACKED An Ethereum coin can represent a US
dollar, with each token issued backed up a
corresponding US dollar in treasury.
CRYPTO COLLATERALIZED An Ethereum stablecoins
can be collateralized by other digital assets
like ETH, BAT, or USDC
INTEREST-BEARING STABLECOINS An Ethereum token
can be created to represent a stablecoin deposit
earning interest.
SYNTHETIC Introduced by Synthetix, where sUSDC
is backed by SNX holders, who are awarded for
offering collateral and stability with fees
generated by Synth transactions.
4
Governments Perspective

• The air is still not clear on how governments
  around the globe will treat privately-issued
  stablecoins.
• With the increase in the stablecoins enthusiasts,
  they embrace more and more regulatory options to
  make sure it falls under a more secure regulatory
  framework.

• Various lawmakers in the USA introduced the
  STABLE act, which if passed, would necessitate
  stablecoin issuers to get a federal banking
  charter.
• be required to obtain the Federal Reserve and the
  Federal Deposit Insurance approval Corporation
  (FDIC), six months before issuance.

5
Conclusion
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6
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7
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/stablecoin-development