The U.S. dollar-pegged crypto token CarbonUSD isrecentlylaunched as thefirststablecoin on theEOS platform.
The token’s developer, Carbon,proclaimedthis news statingin an exceedingly pressrelease onFriday, that he believesmakingthe tokenpracticalacross “key” blockchain networkscouldprovide“mostworthfor the cryptoindustrywithin thelong-run.”
CarbonUSD,thathas beenlive to tell the tale ofEthereum [ETH]for the twomonths,canpresentlybe transferred onto theEOSblockchain, giving users “even lower fees andquickersettlement than on Ethereum,”in line withthe firm.
Carbonconjointlyoffers a portalthat givesusersthe abilitytointeractwith theirEOSapplication, and includes nativesensible smartcontracts for “one-to-one redemption from tokens into real USD.”
Sam Trautwein,chief operating officerand co-Founder of Carbon aforementioned:
“Wearehonored and excited to bethe primarystablecoin onEOSand to play sucha vitalrole in such a burgeoningphase. Stablecoinsareimportantinfrastructure forpriceand weassumeproviding this toEOSfurther enhances theecosystem.”
Institutional investors, hedge funds and exchangescanget early access to the token,the press-releaseadds, withfiatcurrency deposits at Carbon’s partner bank, Nevada-based Prime Trust,being employedto formnew CarbonUSD tokens.
“Stablecoins, asanassetcategory,areensuingmassivefactorin cryptoand canresult ina new replacement bull marketwithin thenext 6-18 months,”statedSamKazemian, co-founder of Everipedia, adecentralisedencyclopaediaand distributed app maker that isdesignedon theEOSblockchain.
The company launched the ethereum-based version of the token inSep.Thoughit arrived asvarietyofalternativestablecoins,likethe Geminidollarand therefore thePaxosstandard, hit the markets, Carbonaforementionedat the time it believes the coin’sdistinctivealgorithmicmodelcaneventually set itapart from its rivals.