Review on USD Coin by Pedro O. Alvino M.
a project based on interoperability between networks
The platform consists of a tokenization system in stable currencies, in addition to allowing interoperability between wallets for asset shipments provided by the platform, so that users can use center as a stable asset exchange backed by the platform's fiduciary percent.
Many of the people around the world begin to integrate into the world of digital money in which there are already several platforms that consist of wallets to make various payments on the same network, so there is a limit, so Center provide interoperability between wallets to manage payments quickly and safely.
The use management can be complicated, for this the platform consists of a KYC verification, at the time of tokenization that the operator wishes to present when changing it to Fiat currency.
Pros
- Its platform consists of stable coins
- Mink framed for minting, redeeming and burning token backed by stable assets or currencies
- It offers an alternative of stable currencies to the volatility of the currencies
- Proposes payments between wallets of different networks
- Provides Fiat currency conversions in stable token
- Formed team consists of ample experience in the field
- The network management of the platform is fast
Cons
- There are already stable coins of greater popularity and settlement
- When managing a transaction between wallets a KYC verification is required
- Some Exchanges can provide the same functions
- Generally the platform consists of low use
- Time is needed for further adoption of cryptocurrencies, in which the platform is required
