Review on Stably by Douglas Cachazo
Stably (USDS): Stably funded by entrepreneurs
At the time of writing this review there have been a series of events that hurt the crypto world, first speculative events, then uncertainty about the eventual imposition of regulations and new high taxes on cryptocurrencies in the United States and finally a whole event such as China's ban on cryptocurrencies, In this scenario there is a high fall of cryptocurrencies, it is there where the alternative currencies fully met their goal of maintaining liquidity while the market is accommodated, it should be noted that the alternative currencies have a fixed value with a backing of either a fiat currency or a precious metal such as gold. In these cases, I call them safe haven currencies, since they are used to avoid undesired losses. Such is the case of the USDS, the currency of this project, which is pegged to the dollar, i.e. 1 USDS will always be worth 1 dollar.
The objective of this project is to rely on stable currencies to incorporate applications that facilitate financial operations to companies giving them speed of transactions, security and low costs. By using stable currencies, they will not have any volatility problems that may arise due to any event.
The project is funded by 500starups and angel investors, which do not expect any return capital and has partners headed among others by binance and Bittrex.
Any company can be supported within this ecosystem and helped to create a stable product and token, whether backed by fiat currency, precious metals or other assets.
Pros
- Puts asset tokenization at the service of businesses.
- Based on stable tokens, will always have fixed value
- Solves the problem of price volatility
- Facilitates companies to use the blocchain for fast, secure and low-cost financial transactions.
- Good financial support and strategic partnerships
Cons
- Nothing against
