Cryptocurrencies were conceived as a decentralized and trustless alternative to fiat currency, later emerging as a brand-new asset class. With this developing asset class to displaying volatile price swings, a new sub-class of cryptocurrencies pegged to traditional fiat currencies has begun to emerge. These fiat-pegged coins, known collectively as stablecoins, offer a solution for holders and traders seeking the decentralization benefits of the blockchain along with the price stability characteristics of established fiat currencies such as the US Dollar.
However, these crypto-fiat tokens have only been limited to using mostly USD as their peg. Until now.
Introducing PEG Network.
Read the full article here!
Join there telegram to join in the conversation
Follow them on twitter
@akumara, go and place your daily vote for Steem on netcoins! http://contest.gonetcoins.com/
Congratulations @akumara! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!