Forex with
Stablecoins
A reliable solution for addressing the high
volatility in the crypto asset trading.
What is
Algorithmic Stablecoin
An algorithmic stablecoin is a representation of what true decentralization looks like, without any regulatory bodies to maintain or watch over the proceedings, as the code is what is responsible for both the supply as well as the demand, alongside the target price.
These foundational benefits offer a scalable solution that is not actually offered by any other set on the market as of now, and the absence of the tangible asset requirement behind algorithmic stablecoin eliminates the possibility of errors from the user’s end.
Source: https://coinmarketcap.com/alexandria/glossary/algorithmic-stablecoin
What is
Fiat-collateralized Stablecoin
Stablecoins bridge the worlds of cryptocurrency and everyday fiat currency because their prices are pegged to a reserve asset like the US dollar or gold. This dramatically reduces volatility compared to something like Bitcoin and results in a form of digital money that is better suited to everything from day-to-day commerce to making transfers between exchanges.
The combination of traditional-asset stability with digital-asset flexibility has proven to be a wildly popular idea. Billions of dollars in value have flowed into stablecoins like USD Coin (USDC) as they’ve become some of the most popular ways to store and trade value in the crypto ecosystem.
Stablecoins
in Enno Wallet
We are bringing old markets to the new world. Decentralized ForEx (DeFo) is available in Enno Wallet, providing effective tools for swapping stable assets via smart contract. Smart contract ensures reliability, transparency, and virtually unlimited liquidity at a predetermined rate.
USDN
Neutrino USD (USDN) is an algorithmic crypto-collateralized stablecoin pegged to the US dollar. All operations involving USDN, such as issuance, collateralization, staking, and reward payouts, are transparent and governed by a smart contract.
USDC
USD Coin (USDC) is a stablecoin that is pegged to the US dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term US Treasury bonds.
USDT
Tether (USDT) is a stablecoin that mirrors the US dollar. It is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that is equal in USD value to the number of USDT in circulation.
EURN
Neutrino EUR (EURN) is an algorithmic crypto-collateralized stablecoin that mimics the price of the European Union’s Euro. The token is issued on the Waves blockchain by the Neutrino project.
GBPN
Neutrino GBP (GBPN) is an algorithmic crypto-collateralized stablecoin that mimics the price of the British Pound. The token is issued on the Waves blockchain by the Neutrino project.
JPYN
Neutrino JPY (JPYN) is an algorithmic crypto-collateralized stablecoin that mimics the price of the Japanese Yen. The token is issued on the Waves blockchain by the Neutrino project.
CNYN
Neutrino CNY (CNYN) is an algorithmic crypto-collateralized stablecoin that mimics the price of the Chinese Yuan. The token is issued on the Waves blockchain by the Neutrino project.
TRYN
Neutrino TRY (TRYN) is an algorithmic crypto-collateralized stablecoin that mimics the price of the Turkish Lira. The token is issued on the Waves blockchain by the Neutrino project.
RUBN
Neutrino RUB (RUBN) is an algorithmic crypto-collateralized stablecoin that mimics the price of the Russian Ruble. The token is issued on the Waves blockchain by the Neutrino project.
UAHN
Neutrino UAH (UAHN) is an algorithmic crypto-collateralized stablecoin that mimics the price of the Ukranian Hryvnia. The token is issued on the Waves blockchain by the Neutrino project.
BRLN
Neutrino BRL (BRLN) is an algorithmic crypto-collateralized stablecoin that mimics the price of the Brazilian Real. The token is issued on the Waves blockchain by the Neutrino project.
Using Algorithmic Stablecoins for Foreign Exchange
Stablecoins are pegged to the value of local currencies and they are fully collateralized by Waves tokens. A network of secure oracles is constantly supplying up-to-date prices from fiat foreign exchanges. For example, exchanging USDN/EURN rates are always equal to real-world USD/EUR rate.
DeFo is
transparentand decentralized
You can always check the collateral levels from blockchain. All operations involving USDN, such as issuance, staking and reward payouts, are fully transparent and governed by a smart contract.
DeFi Platforms
in Enno Wallet
You may use one of these DeFi Platforms in Enno Wallet to get your stablecoin by exchanging your current assets.
What is Next
See Other Features
Enno Wallet has much more to offer.
Please be sure to check all other features.
