Utility billing and payment services provider Novatti is launching a new Australian dollar-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network in November.
This is the first time the company is expanding to accept cryptocurrency collateral besides bitcoin and ether. It is also the first crypto-backed lender to support loans backed by GUSD.
Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s BTC/USDT and BTC/USD trading pairs across the market.
Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.
A stablecoin, as its name suggests, is a cryptocurrency that is built to retain a stable value. Here is an overview of some of the different types of stablecoins that are making their mark.
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