Crypto-Backed Stablecoin Development

Crypto-Backed Stablecoin Development Crypto backed stablecoin are basically works the same way how the fiat-backed stablecoins works, Crypto backed token will use "Security pledge" to neutralize the volatility of the cryptocurrency which is being used as collateral, DAI Token is the best example for crypto-backed stablecoin which was supported by Ether and pegged to the US dollar value, for example, if a crypto-backed stablecoin is pegged to the US dollar, it will have closer to $2.00 is the peg for every $1 stablecoin is issued. Crypto backed stablecoin maintains its price value through Maker Smart Contract that creates MKR tokens according to the volatility in the ETH price. However, technology has brought a better solution for all the challenges faced by entrepreneurs today. Stablecoin is one of the technologies that solve the capital need of an entrepreneur in a simplified way, using blockchain technology. Can stablecoins help your business? With their combo of flexibilit...