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The US-based CarbonusD cryptographic token has just launched the first stablecoin on the EOS platform.
The token developer, Carbon, announced the news in a press release on Friday, adding that he believes making the token interoperable through the "key" blockchain networks will provide "the greatest value for the crypt industry in the long run".
CarbonUSD, which was published on ethereum for two months, can now be transferred to the EOS blockchain, providing users with "even lower commissions and faster payment than ethereum", according to the company.
Carbon also offers a portal that gives users the ability to interact with their EOS application and includes smart native contracts for "one-to-one redemption from real dollar tokens".
Sam Trautwein, CEO and co-founder of Carbon, said:
"We are honored and excited to be the first stablecoin on EOS and to play such a crucial role in such a flourishing ecosystem: Stablecoin is a critical infrastructure for value and we think that providing this to EOS will further strengthen the ecosystem".
Institutional investors, hedge funds and trades will have early access to the token, adding the release, with Fiat currency deposits of Carbon's partner bank, Prime Trust of Nevada, used to create new CarbonUSD tokens.
"Stablecoin, as an asset class, is the next big thing about cryptography and will lead to a new bull market in the next 6-18 months," said Sam Kazemian, co-founder of Everipedia, a decentralized encyclopedia and producer of distributed app that built on the EOS blockchain.
The company has launched the token version as of September. Although it has arrived as a series of other stablecoins, such as the Gemini dollar and the Paxos standard, has hit the markets, Carbon said that at the moment he believes that the exclusive algorithmic model of the currency distinguishes it from its rivals.
Arrows image via Shutterstock
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