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Launch Your Stablecoin
And Level up Your Crypto Business
A stable coin is a cryptocurrency that withstands the mutation associated with the developing market. Stablecoin apps are best developed for use as an exchange medium in the cryptocurrency environment, which covers the quality, usage scope, and trading of digital currencies at a more granular scale.
Approximately 5.8 million individuals use cryptocurrency worldwide. However, every single cryptocurrency trader deals with the danger of price volatility daily, which is one of the main reasons retail establishments sometimes may decline crypto payments or transactions.
Stablecoins function as a medium of exchange, guaranteeing that they will maintain purchasing power.
As the name suggests, these assets promise to maintain the value of the cryptocurrency constant in several methods. Stablecoin is considered the next primary cryptocurrency business model in light of all these unattainable benefits.
Stablecoin Development services
The values of these stablecoins are linked with commodities like valuable materials. For example, they can follow the price of gold, platinum, oil, etc.
Stablecoins backed by fiat money are digital assets maintained as financial reserves by a bank or other regulated entity. Here, each Token issue represents 1 USD, Euro, Yen, or other government-issued currency.
These stablecoins work due to price stabilization algorithms and smart contracts. The algorithm issues more coins when the price rises and decreases supply when the price falls.
We create non-collateralized stablecoins backed by commodities, supported by cryptocurrencies, and backed by fiat.
Choosing between the types of stablecoins can be overwhelming. Make an informed decision with our experts. Contact us.
Developing a stablecoin cryptocurrency has several advantages.
No Volatility Risks
Due to the stability of their underlying assets, such as fiat money, stablecoins can withstand fluctuations in the value of money.
Stablecoins establish an environment with quick consensus, high transaction throughput, and low energy consumption.
If developed properly to address risks in times of crisis, stablecoins can ensure high liquidity and maintain their value. Due to their stable price, the assets can help raise money for your project securely.
Stablecoins are used for everyday uses like decentralized insurance solutions, derivatives contracts, cross-border payments, etc., and may be traded on various cryptocurrency exchanges.
Is stablecoin development right for your business? What about finding out together?
How Does Stablecoin Work?
Due to stablecoin's minimal volatility, its price may fluctuate with the value of fiat currencies. Additionally, they don't have the same hazards as cryptocurrencies. Due to the features of its backed assets, a stablecoin may be entirely trusted more than any other altcoin.
A dual-working mechanism is included with the stablecoin. The purchasing procedure is one, and the redeeming process is another.
1. Product Discovery
In this phase, we discover your business needs and define the most suitable technical solutions.
2. Architecture and Design
We develop a Proof of Concept to ensure the viability of technological solutions and tools.
3.Coding and Testing
According to the determined requirements, we turn the design into a code and test it. We will show you the results during demo sessions.
Our team releases the solution into production after making sure it works properly.
5. Maintenance and Support
We offer support and technical assistance to keep the product at optimal performance and enhance its features.
- Tailor-made solutions
We accelerate the delivery and launch of NFT platforms with our tailor-made development solutions. Thus, you will be able to present your product to the community sooner and boost your business.
- High-performance development
Based on Lean and Agile principles, our NFT development studio defines the project architecture and achieves maximal productivity through a robust process.
- Comprehensive platforms
Leveraging industry-leading, innovative technologies, we create platforms with advanced features and ensure their operational security.
Tech Stack We Use
Achieve your stablecoin development goals by picking the right stack.
Is there anything you want to ask?
What’s a stablecoin?
Stablecoins represent a category of cryptocurrencies with stable value. They track the price of other assets, such as fiat currencies or commodities like gold. These assets combine the benefits of traditional currencies and the crypto industry, offering fast transactions, security, privacy, and non-volatility at the same time.
What are the types of stablecoins?
According to their underlying asset and the mechanisms used to maintain a stable value, stablecoins can be flat-backed, commodity-backed, crypto-backed, and algorithmic.
What are the use cases of stablecoins?
Like other cryptocurrencies, stablecoins act as an alternative to bank-issued currencies, offering decentralization, speed, and security. They are used for investments and global transactions. Due to their stable value, stablecoins are helpful tools for crypto traders, allowing them to access long-term stability in the volatile market.
What’s the difference between stablecoins and other cryptocurrencies?
Unlike in the case of other cryptocurrencies, stablecoins maintain a stable value. As such, they offer solutions related to the price volatility of crypto assets and are easy to use in daily transactions.
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