This category is about cryptocurrencies that are pegged to an existing asset such as USD, Gold, and EUR.
The buzz around the proposed new cNGN stablecoin by the Africa Stablecoin Consortium (ASC), comprising four banks and five other blockchain stakeholders, is phenomenal. Unlike eNaira, which is a Central Bank Digital Currency (CBDC) owned and managed by the Central Bank of Nigeria (CBN) with various limitations and restrictions due to its design, cNGN, the … Read more
Key Takeaways: What is Tether Gold (XAU₮)? Tether Gold (XAU₮) is a form of stablecoin backed by physical gold which provides you ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold. The power of blockchain technology gives you access to a stablecoin, which provides ownership of … Read more
Tether is a fiat-collateralized stablecoin pegged 1:1 to the US Dollar (USD) that offers its users a hedge of transacting with blockchain-based assets with the sole aim of mitigating price risk. Tether is powered by blockchain technology and primarily issued on the Ethereum and TRON blockchains with USD sitting in bank accounts. Key Takeaways: History … Read more