Review on SDUSD by Pedro O. Alvino M.
NEO Network Stable Currency
A stable currency of very little trust, is available as a functional means for the Alchemint platform, which is an ecosystem for the issuance of stable coins either for an institution or organization through the anchoring of SDUSD for the creation of a SAR, which a NEO-based smart contract, which serves as a process for issuing stablecoins.
Given the large number of platforms with this operation, the ecosystem where SDUSD works is totally abandoned, in addition to that the information on the financial support for the SDUSD asset is limited and these inform that there is no support for an existing legal currency, thus demonstrating the unreliability of the currency and the platform where it works, which also in their information channels do not have any update regarding the platform and about the inclusion of SDUSD in other known Exchanges since it is only available in a single Exchange where the information supplied is unreliable.
Pros
- First currency with fiduciary link in NEO.
- Acts as a utility token for the Alchemint platform
Cons
- I do not know it is backed by a legal currency.
- The supply of commercial information about the currency is limited.
- It consists of very little usability due to the abandonment of the Alchemint platform.
