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A blockchain startup that intends to offer cross-blockchain payments has announced that it is planning to bring its existing stablecoin – a cryptocurrency linked to a stable asset – to the EOS network.
Called Havven, the Australia-based project last Wednesday said it plans to publish its ntd stseco on EOS by the end of this year. The US dollar peg token was first launched on the ethereum network in June.
The goal, the startup said, is not to pass the core token network from ethereum to EOS, but to issue nUSD on both networks separately – a mission statement "will offer stablecoin cross blockchain".
"At this stage, the cryptocurrency is still in its infancy, so it is not clear which blockchain will be able to climb," said Haven founder Kain Warwick, adding: [19659005] "For this reason, it is important that projects that provide the blockchain infrastructure plan cross-chain compatibility, so their success is not bound to the success of any chain they choose. "
A stablecoin is typically designed to adjust its supply as the market moves to maintain a price anchored to an asset such as a fiat currency, providing a lack of volatility making it easier to adopt companies or users.
For example, the startup of stablecoin MakerDAO is curr Collaborate with the Tradeshift supply chain management company to use the DAI ethereum token to accelerate payments for small businesses.
Havven's effort comes after EOS officially announced its long-awaited online launch in June. Block.One, the entity behind the EOS blockchain also revealed a $ 1 billion investment fund to facilitate the growth of its ecosystem.
IBM is also working with a startup called Stronghold to launch a stablecoin on the stellar blockchain.
Image of balanced stones by Shutterstock
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