Carbon’s Stablecoin Can Now Be Swapped Between EOS and Ethereum
CarbonUSD, a cryptographic token fixed in US dollars, has just been released as the first stablecoin on the EOS platform.
The token developer, Carbon, added Friday that "Token interoperability in a key block chain network will provide the greatest value to the encryption industry in the long term."
CarbonUSD, posted in Ethereum for two months, now migrates to the EOS block chain, giving users "cheaper rates and faster billing than ethereum".
Carbon also offers a portal that provides users with the ability to interact with the EOS application and includes a unique smart agreement for "one to one refund from token to real USD".
Sam Trautwein, CEO and co-founder, said:
"We are excited to be building the first stable ecosystem in EOS and to play an important role in that fast-growing ecosystem." A stable ecosystem is a key infrastructure for value and providing ecosystem services will further strengthen the ecosystem. It will. "
Institutional investors, hedge funds, and exchanges have early access to this token and are added with plain currency deposits to Carbon's partner bank, Nevada-based Prime Trust, which is used to generate new CarbonUSD tokens.
"Stablecoins, the asset class, is the next generation of encryption and will lead to new markets in the next 6 to 18 months." Everyedia co-founder Sam Kazemian is a distributed encyclopedia and is based on the EOS block chain.
The company released an ethereum-based token version in September. Carbon believed that while other stable coins such as the Gemini dollar and Paxos standards appeared on the market, the unique algorithmic model of the coin eventually differentiated itself from its competitors.
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