Stablecoins

Startups

PayTrie, Buying and Selling Stablecoins in Canada has never been easier. Fastest crypto on-ramp in Canada with instant funding and instant KYC. We're backed by ConsenSys.

ConsenSys Mesh

PayTrie

Bandot is stable coin with decentralized. Building a fully trusted stablecoin and Polkadot ecosystem.

The Bandot protocol is based on Polkadot’s endorsement of trust, making all parachain tokens have the value anchor of digital currency assets, increasing the authenticity and reliability of the assets. In the process of asset cross-chain circulation, the connection between users, data, and usage scenarios is completed.

Bandot

Wrapped, All your assets in a single interface. Wrapped assets in any Ethereum application.

Wrapped lets you use your assets on the Ethereum blockchain. Every wrapped asset is backed by a qualified custodian. Wrapped is a collaboration between Tokensoft, Anchorage and CMS Holdings.

Wrapped

tomb.finance is the first algorithmic stablecoin on Fantom Opera, pegged to the price of 1 FTM via seigniorage.

Stake your TSHARE in the Masonry to earn inflationary TOMB rewards or provide liquidity on pairs and start earning today!

tomb.finance

Tether is a JavaScript library for efficiently making an absolutely positioned element stay next to another element on the page.

Tether

TrueUSD is The first regulated stablecoin fully backed by the US Dollar. Access the highest trading volume and liquidity on exchanges of any trusted stablecoin. Live-audits by Armanino. Earth globe americas Created by TrustToken.

TrueUSD

Olympus Protocol, Open Source and scalable peer-to-peer electronic cash system.

OlympusDAO

Stablecoins are a staple of DeFi. Users want to access dapps like Compound and Aave without worrying about volatility. However, each existing stablecoin model has a critical fault. Fiat-collateralized stablecoins like USDC and USDT are centrally controlled. This represents a regulatory risk and a point of failure for apps wishing to be truly decentralized. Crypto-collateralized stablecoins like DAI have scalability issues due to capital inefficiency. In other words, generating crypto-collateralized stablecoins requires an excess of collateral. They also require demand for debt or leverage to grow. Seigniorage models like ESD and Basis Cash centralize supply expansion rewards. This creates an unfair distribution in the growth of the stablecoin. In addition, liquidity providers are incentivized to withdraw at the first sign of danger.

Fei Protocol was born in an attempt to solve all these issues. The inspiration for the vision of Fei Protocol comes from an ancient stone currency — Rai, or Fei, of the Micronesian island of Yap. We hope that the FEI stablecoin exhibits the same stability, simplicity, and ubiquity as its stone counterpart.

The FEI stablecoin has an uncapped supply that tracks demand. FEI enters circulation via sale along a bonding curve. This curve approaches and fixes at the $1 peg. When new demand for FEI arises, users can acquire it by buying on the bonding curve. The price function will start low to reward early adopters for purchasing FEI. Fei Protocol will support the creation of bonding curves denominated in any ERC20. The launch will contain only a single curve denominated in ETH.

The mission of Fei Protocol is to create an entirely decentralized stablecoin. Therefore it is critical that no tokens issued by trusted third-parties (e.g. USDC, USDT, wBTC) be used as collateral on the bonding curve. This is a stance the development team hopes will be shared by the governance community post-launch.

The ETH bonding curve will have a target FEI supply for bootstrapping before fixing the price at $1. This target is known as Scale; reaching Scale will denote the end of the bootstrapping phase. Scale will be set to 250,000,000 FEI, to be large enough to merit integration with other DeFi protocols. We also believe it is small enough to hit within a short time frame to minimize the bootstrap period. Post-Scale, the bonding curve price will fix at a governance-able buffer above the peg. This price creates a ceiling throughout the ecosystem. Arbitrageurs can buy on the bonding curve and sell on secondary markets if the price is higher elsewhere.

Users cannot sell FEI on the bonding curve. Instead, the protocol retains the incoming ETH as Protocol Controlled Value (PCV). Fei Protocol deploys the PCV to create a liquid secondary market where users can sell FEI back into ETH.

Fei Protocol

Alchemint, The NEO’s stablecoin issuance platform.

Alchemint

Saga is a non-profit foundation headquartered in Switzerland. It is governed by Swiss law and regulations, including the rules of the Swiss Federal Supervisory Board for Foundations (ESA), and the Financial Market Supervisory Authority (FINMA).

Saga has a growing team of experienced professionals who are developing practical solutions to fulfil the promise of a digital currency that can work within the existing financial system. The team includes experienced entrepreneurs, technology experts, researchers, economists and financial professionals.

PayTrie

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