ABOUT STABLECOIN
What is Stablecoin?
Stablecoins are cryptocurrencies without the volatility. A stablecoin is one type of cryptocurrency designed to maintain a fixed value over time. The value of a stablecoin is typically pegged to a specific real currency, often the U.S. dollar. In this setup, one unit of the cryptocurrency typically equals one unit of the real currency.
How do Stablecoins work?
- Stablecoins are global, and can be sent over the internet. They're easy to receive or send.
- Demand for stablecoins is high, so you can earn interest for lending yours. Make sure you're aware of the risks before lending.
- Stablecoins are exchangeable for CrSIP tokens. Lots of dapps rely on stablecoins.
- Stablecoins are secured by cryptography. No one can forge transactions on your behalf.
Editors' Choice of Stablecoins
DAI
DAI is a stablecoin cryptocurrency on the Ethereum blockchain which aims to keep its value as close to one United States dollar as possible through a system of smart contracts and the decentralized participants which those contracts incentivize to perform maintenance and governance functions.
USDT
Tether is a stablecoin cryptocurrency that is hosted on the Ethereum and Bitcoin blockchains, among others. Its tokens are issued by the Hong Kong company Tether Limited, which in turn is controlled by the owners of Bitfinex.
USDC
USD Coin is a digital stablecoin that is pegged to the United States dollar. USD Coin is managed by a consortium called Centre, which was founded by Circle and includes members from the cryptocurrency exchange Coinbase and Bitcoin mining company Bitmain, an investor in Circle.
Introducing CrSIP Token
So what is CrSIP Token? This is our own version of stablecoin which always equals US$1 and can be traded accordingly. CrSIP Token is not a cryptocurrency that you can buy on other networks but is rather an in-app commodity that will be used by you for creating and dealing with your Crypto Systematic Investment Plan.
Know more about CrSIP token Click here
