Why stabilini new generation is fundamentally built on Ethereum
TrueUSD (TUSD), Circle Coin (USDC), Gemini Dollar (GUSD) and Paxos (PAX) is stabilini new generation, competing with Tether (USDT), and they are all based on the Ethereum blockchain.
It is important to note that all the above-mentioned stable coins are fully validated, transparent and adjustable, which guarantees users the possibility of exchanging the us dollar at the rate of 1:1.
Tokens based on Ethereum
Deployment tablconv on top of the Ethereum blockchain instantly improves the compatibility of the asset with existing infrastructure. For example, to send and receive tablconv users GUSD, PAX and TUSD can use a hardware wallet like Ledger and best wallet, software wallet, for example MetaMask.
The team is Coinbase, which recently integrated USDC, said:
Case in improved sending and receiving tablconv. Two Ethereum-wallet can send and receive any amount in USDC at any time of the day. Large amounts for business purposes are transferred as easily as small payments in electronic Commerce. Consumers can use Coinbase to send USDC anyone, confident that the cost stablon will not change.
The Ethereum blockchain also allows exchanges to integrate stabilini without having to create additional infrastructure to support them.
The Coinbase team said that the use of blockchain Ethereum allows FINTECH companies to develop software that provides easy and safe transaction tablconv.
Interestingly, the distribution tablconv on the Ethereum pretty easy to track with the help of programs of the analysis of blocks, such as Etherscan. Since the tokens are stored in smart contracts, users can track the amount of US dollars that are stored in a certain stable value, which generally increases the transparency of such currency.
When you run the GUSD team Gemini highlighted the fact that her stablon built in compliance with standard ERC20 and that it is compatible with Ethereum and all the associated benefits.
The owners of Gemini, the brothers Winklevoss said:
To date, no reliable and adjustable digital substitute of the US dollar which could move openly and in a decentralized manner, as cryptocurrency. The benefits of “dollar Gemini” [stablein GUSD] that he: 1) produces Gemini, 2) strictly tied to the U.S. dollar at a ratio of 1:1 and 3) is built on top of Ethereum standard ERC20.