The stablecoins are gaining ground all around the cryptocoins world. Paired in fiduciary currency or physical assets, they are an important component of the crypto ecosystem. This is because they facilitate the exchange of national currencies for crypto in international exchanges. And the world has witnessed the launch of some new projects of stablecoins in recent times. Here are some of them:
Paysend launches stablecoin at Stellar Network
The London-based fintech Paysend Group is launching a new global stablecoin at Stellar network. The stablecoins will be focused on international payments in real time. The currency will be available in June 2019.
TrustToken launches stablecoin paired with the Canadian dollar
The TrustToken released the TrueCAD, on the 1st of May, paired to the Canadian dollar. The company is the creator of other stablecoins such as TrueUSD and TrueGPB. For now, the owners can use the coins in the TrustToken app. The cryptocoin should be listed on exchanges soon.
Stablecoins Reserve project in Venezuela
The stablecoin Reserve project has announced that will launch a crypto payment application in Venezuela and Angola. In addition, the company is listing its utility token in Houbi Prime token, for tokens sale. The token will allow that people and companies exchange local Fiat currency for the company stablecoin, the Dollar Reserve (RSD).
The eToroX, blockchain division of eToro, global investment company, announced the creation of two stablecoins of commodity- eToro Gold (GOLDX) and eToro Silver (.SLVX FILES), two other stablecoins paired in fiat currencies – eToro Ruble (RUBX) and eToro Yuan ( CNYX) – and 15 fiat additional pairs to its exchanges.
Coinbase expands stablecoin to 85 countries
The Coinbase is expanding the negotiations of USDC Coin to 85 countries. The company now offers crypto trades for crypto to USDC in those countries. The company ensures that each USDC is supported by US$ 1 with monthly transparency audits.
Japanese Bank announces creation of a stablecoin
The Japanese Bank Mitsubishi UFJ Financial Group (MUFG), the fifth largest bank in the world, should put into operation its digital currency MUFG Coin at the end of this year. The MUFG is the largest Japanese financial company and is ready to become the first Japanese Bank to issue a decentralized virtual currency.