Every day, the cryptocurrency space sees new and exciting developments and progress. One particular area that has seen heightened exposure of late is the stablecoin. Stablecoins play an interesting role in decoupling blockchain utility from market volatility, and it’s likely that the niche will serve a vital role in the public adoption of cryptocurrency. Stablecoins, as the name suggests, represent a category of cryptocurrencies that are not subject to price volatility. They are stable in nature, and this stability typically comes from the backing of some alternative value. Perhaps the most prominent example of a stablecoin is Tether (USDT), which, of course, maintains a value equal
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Prior to the explosion of the cryptocurrency sphere as a whole in 2017, most new projects launched in the absence of initial coin offerings. While this funding method has become the norm throughout the community, it has done so in the presence of massive controversy in regards to the ethics and legitimacy of the ICO model. While it seems as if every upcoming project involves such a crowdsale, it’s important to recognize that there are legitimate ventures operating sans ICOs. Here are four to check out: 1. Market Protocol (MKT) The team behind Market Protocol is working to develop a decentralized derivatives exchange – the
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