Stablecoin unit of account

Stablecoin unit of account

The shortage of most modern cryptocurrencies is an unstable course. The solution to this problem is the issue of secured coins with binding of their value to a certain asset.

CURRENT ISSUES

Large, by modern standards, the time spent on translations.

The complexity of integrating payment processing with the financial systems of various participants.

High fees for processing payments are caused by the presence of intermediaries.

High cost of payments on the Internet of things and games.

NEW MODEL

Cryptocurrencies have both a lot of advantages and disadvantages. Among the shortcomings can be noted the volatility of the course, the lack of experience with dealing with the crypto currency, and, as a consequence, distrust of it.

Credits proposes to issue a financial unit (stablecoin), whose value is fixed by binding to the value of an asset, which will reduce the risks associated with the volatility of the cryptocurrency. As an asset, you can use the currency, gold, oil, and so on. In general, stablecoin resembles an obligation or a bill, they are also exchanged on demand as collateral (asset). It is obvious that stablecoin is a new form of habitual content.

The quantity of stablecoin should correspond to the size of the providing fund. Blockchain allows you to check the amount of issued cryptocurrency. If the issuer manages to increase the size of the providing fund, then it is possible to conduct additional emissions of stablecoin.

The issuer can profit in various ways - by accepting contributions from new entrants to join the program, charging commission for transactions, investing funds from the fund, etc.

Theoretically, everyone has the possibility of issuing such coin. In practice, the value of the released stablecoin will depend on the reputation of the issuer. Consequently, the most likely issuer will be large financial institutions and banks.

ADVANTAGES

Speed and cheapness of translation.

The lack of volatility is the most stablecoin.

Absence of frontier barriers between states.

Absence of intermediaries in the translation.

Publicity and verifiability of the characteristics of the release of stablecoin.

Absence of the issuer's country risks.

Stablecoin the advantages of conventional money and the convenience of cryptocurrency

We have prepared a more detailed presentation for you.

Why Credits?

We have created a unique blockchain platform which makes it possible to adopt blockchain technology in a variety of existing industries

A unified protocol for issuing, storing and transferring various types of assets

Infrastructure on a distributed network with a public registry

Accounts system with public and private keys

Set of security systems

Built-in programming language for creating services

Contact us

We have a strong team of programmers and support offering:

Consultations on how to use technologies

Help with PoC (proof of concept) and MVP development

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