Market map Stablecoins – Overview of 19 projects working on stablecoins

For the crypto industry to mature certain things are needed. Besides dapp browsersdecentralized exchanges, and privacy coins, stablecoins are essential as well.

Stablecoins differ (among other things) by their price basis
  • Non-crypto based: The stablecoin’s price is based on a non-crypto asset such as fiat money or gold. Amount X of the stablecoin equals amount X of a non-crypto asset. For instance, DGX (DigixDAO) is backed by gold, Tether by USD, and globcoin by gold and fiat.
  • Crypto-based: The stablecoin’s price is based on another crypto assets such as Bitcoin or Ethereum. Amount X of the stablecoin equals amount Y of the other crypto assets. For instance, Aurora DAO is backed by ETH, Steem Dollars by STEEM, and Havven by nomins.
  • Supply-based: The stablecoin’s price is based on its supply. The supply changes proportionally to price: if the price goes above the target price, the stablecoin’s supply increases. If the price goes below the target price, the stablecoin’s supply decreases. Examples include MinexCoinBasecoin, and Carbon.

 

Market map stablecoins

Market map: Stablecoins. Overview of 19 cryptocurrencies working on coins with a stable price
Market map: Stablecoins. Overview of 19 cryptocurrencies working on coins with a stable price

Overview stablecoins

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Stablecoin name Description Price basis
Aurora DAO DECENTRALIZED CRYPTOBANKING AND FINANCIAL PLATFORM (Source: Website) Crypto-based (ETH)
Havven A decentralised payment network and stablecoin. (Source: Website) Crypto-based (nomins)
Steem Dollars SBD tokens are designed to be pegged closely to one USD, so that users who receive them can know approximately how much they are worth in “real dollar” terms. SBD tokens also offer a
relatively stable currency for users to hold if they are looking to preserve their account value
relative to USD. A more detailed technical explanation can be found in the Steem technical
whitepaper. (Source: https://steem.io/steem-bluepaper.pdf)
Crypto-based (STEEM)
AAA stablecoin AAA coin is an asset-backed cryptocurrency – collateralised by cash, gilts and AAA-rated credit investments. (Source: Website) Non-crypto based (cash, gilts, credit investments)
globcoin Bringing stablecoins to the next level A cryptocurrency backed by 15 global currencies and gold (Source: Website) Non-crypto based (fiat & gold)
x8currency Ultimate crypto safe haven! Finally, Securing Value in Crypto is simple. X8X Token holders are granted a 0% fee for issuing X8Currency, a 100% fiat & gold backed Token.

Token holders are the gatekeepers! (Source: Website)

Non-crypto based (fiat & gold)
DigixDAO Digix tokenizes gold on Ethereum. We leverage the Distributed Ledger for its immutability, transparency and auditability by applying it to precious physical assets. Digix has created a range of technologies including The Proof of Provenance Protocol (POP) and Digix Gold Tokens (DGX) on Ethereum. (Source: Website) Non-crypto based (gold)
Tether Tether is a token backed by actual fiat currency assets, including USD, Euros and, soon, Japanese Yen. One Tether equals one underlying unit of the currency backing it, e.g., the U.S. Dollar, and is backed 100% by actual assets in the Tether platform’s reserve account. Being anchored or “tethered” to real world currency, Tether provides protection from the volatility of cryptocurrencies.Tether enables businesses – including exchanges, wallets, payment processors, financial services and ATMs – to easily use fiat-backed tokens on blockchains. By leveraging Blockchain technology, Tether allows you to store, send and receive digital tokens person-to-person, globally, instantly, and securely for a fraction of the cost of alternatives.
Tether’s platform is built to be fully transparent at all times. (Source: Website)
Non-crypto based (USD)
TrueUSD TrueUSD, a USD-backed stablecoin you can exchange and trust
100% collateralized by USD in legally protected escrow accounts, with multiple bank partners, so you can trade, send, and receive payments with peace of mind. (Source: Website)
Non-crypto based (USD)
Stably A Transparent Reserve-Backed Stablecoin For Multiple Blockchain Protocols (Source: Website) Non-crypto based (USD)
MinexCoin Tame the volatility Cryptocurrencies as a whole still face an intriguing challenge: though some do well trading ‘coins and tokens’ speculatively, why is it that cryptocurrencies have been unsuccessful as a means of payment for goods and services? The answer is volatility. We decided to change the game rules

Meet Minexcoin, or simply MNX: a low volatility cryptocurrency that brings sweeping changes to current payment systems. We connected the financial and blockchain worlds to create a unique solution to solve critical crypto-challenges. (Source: Website)

Supply-based
Basecoin A stable cryptocurrency with an algorithmic central bank* *Basis is not a bank or engaged in any banking activity (Source: Website) Supply-based
Fragments Fragments is an algorithmic reserve and monetary supply policy for creating low volatility Ethereum Standard tokens, and our mission is to produce a fair and stable money for the world.Our first token will be the USD Fragment, a cryptocurrency targeted to the US dollar. (Source: Website) Supply-based
Carbon A price-stable cryptocurrency for next-generation payments Powered by Hedera Hashgraph. (Source: Website) Supply-based
Kowala A new day is dawning. kUSD is the world’s first autonomously stabilized cryptocurrency. The fastest, most efficient blockchain ever. Made for humans and ready for business. (Source: Website) Supply-based
Augmint Augmint offers digital tokens pegged to a fiat currency. The first Augmint token is A-Euro, pegged to Euro.
Stored securely and decentralised stable crypto tokens are instantly transferable worldwide. (Source: Website)
Crypto-based (A-EUR), supply-based
BitShares BitShares – Your share in the Decentralized Exchange Built using the latest in industry research, BitShares 2.0 offers a stack of financial services including exchange and banking on a blockchain. (Source: Website) Crypto-based (BTS)
bitUSD Stablecoin Crypto-based (BTS)
Maker MKR holders govern Dai Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token — the Dai — against the U.S. Dollar. (Source: Website) Crypto-based (ETH)
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