Carbon Launches CarbonUSD: US Dollar Backed Stablecoin

crypto project carbon

Crypto project Carbon is launching its own stablecoin called CarbonUSD.

According to its website:

“Carbon is a price-stable cryptocurrency that is creating a more efficient and inclusive global economy.”

The coin will be based on the Ethereum network and is said to be backed one-for-one by the US dollar. Its arrival comes a week after the release of two competitor stablecoins, the Gemini dollar and Paxos Standard. What’s all the fuss about stablecoins?

Stablecoins

Stablecoins have become a more popular crypto release of recent months. Designed to bring stability to …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Crypto Currency News

, , , , ,

Comments are closed.