Stablecoin Development

[dhananjay]

 

Significant features of crypto-backed stablecoins are:

1. The value of the stablecoin is collateralized by another cryptocurrency or a cryptocurrency portfolio,

2. The peg is executed on-chain via smart contracts,

3. The supply of the stablecoins is regulated on-chain, using smart contracts,

4. Stablecoin is a cryptocurrency with stable value. Because the price of the cryptocurrency fluctuates greatly, the crypto market needs some different cryptocurrency to avoid huge losses.