📍Why Stablecomp Is Rebranding?

The innovative decentralized DAI and MIM stablecoins have demonstrated that the market has an appetite for new cryptocurrencies with novel approaches to providing an asset with an intended stable fiat value. Now two players in the DeFi world aim to push the evolution of stablecoins another step forward. Two protocols…

Complex systems that might be prone to instability and unpredictability can remain more stable if they are built on a stable base. The US dollar has been at the base of the Western world’s economy for decades, allowing a greater degree of continuity from day to day and year to…

What is USDT? USDT is the stablecoin equivalent of a US dollar. Tether works to change the financial world through a modern and digital approach to money. Tether’s USDT tokens give holders the ability to store value and transact wih an asset that is less volatile than digital currencies and…

We have looked at various types of Stablecoins in our series of articles, fiat-backed, crypto-backed, and commodities backed. There is another class of stablecoins that is very different. Algorithmic stablecoins use smart contracts to follow algorithms that are designed to manage the supply of a stablecoin to maintain a peg…

Crypto-backed stablecoins are typically backed by cryptocurrencies with large market capitalization values such as Bitcoin or Ethereum. Often, crypto-backed stablecoins are backed by a mix of cryptocurrencies. This type of stablecoin can track the price of single crypto-assets (in which case they might be rather volatile) or baskets of crypto-assets…

People sometimes search for security and stability when managing their assets. Some assets offer the possibility of appreciation, but they can be volatile, offering a risk of depreciation as well. Fiat currency of nations with relatively stable economies is often viewed as a “safe” asset. But throughout history, stable currencies…

Fiat-backed stablecoins are legal money-backed crypto currency tokens. They are the most common type of stablecoin. For a token to be fiat-backed, a company or central entity must manage fiat currency reserves and issue a corresponding amount of tokens in the crypto market. The company is the custodian of fiat…

Earning the attention and support of industry experts and accumulating the appropriate resources is essential to create a quality product. A few weeks ago Stablecomp began to recruit partners and supporters with a seed funding round. …