What is Stablecoin?
Stablecoin is a type of Blockchain-based cryptocurrencies. Values of Bitcoin or Ethereum may fluctuate more than 10 to 20% in minutes. While this may be good for smart speculators, this hinders the use of cryptocurrency in day-to-day payments and transactions. Backed by fiat money on a pegged rate, Stablecoin combines the stability of fiat money with the security and fluidity enabled by the blockchain technology. As such, Stablecoin shall play an instrumental role in fostering the development and use of financial DApp, in addition to its immediate application in traditional financial market transactions.
Why USDBE?
National governments have proactively engaged themselves in exploring how cryptocurrency can be used on different fronts. Denmark, Norway, Sweden, France, Canada, South Korea and other countries have been exploring how to replace paper money. The next revolution in the history of money seems to be the digitalization of money. At this historical junction, the aim of USDBE is to provide a secure and convenient means to enable cash-less and borderless transactions.
Is USDBE secure?
Paper money gives a false sense of security because it is still a bearer instrument prone to theft and misappropriation. USDBE is an ERC-20 compliant cryptocurrency. This provides a high standard of security because transactional details and ownership are recorded in a distributed ledger over the peer-to-peer blockchain network. US dollars backing USDBE are held in a network of decentralized escrow accounts to reduce the systemic risk of the traditional financial system.
How to purchase and sell USDBE?
USDBE is listed on BitEasy for convenient acquisition and disposal.
