RenVM and ICHI today announced a partnership to make decentralized stablecoins available to the Bitcoin, Dogecoin, Zcash and other popular cryptocurrency communities, including Ren.
These communities will now be able to mint and govern their own stablecoin for reliable transactions, the team shared in a release with CryptoSlate.
Stablecoins — cryptocurrencies designed to maintain a stable $1 value — have skyrocketed in popularity in recent years. The current market for stablecoins now exceeds $100 billion as traders turn to USDC and Tether as a way to reduce exposure amid declines in the prices of Bitcoin, Ethereum and other cryptocurrencies.
Yet, these stablecoins actually put the crypto economy at greater risk by increasing the severity of these market declines. This is because cryptocurrencies are sold to mint them and that selling pressure decreases the value of these cryptocurrencies (much like selling a stock decreases the value of that stock).
Bringing stablecoins to
Źródło: https://cryptoslate.com/ren-is-bringing-decentralized-stablecoins-to-dogecoin-doge-and-others/
