3 New Stablecoins Set to Launch in Cryptocurrency Market in 2018 Yet
3 Stable Cryptocurrencies Set for Launch in Crypto Markets as Q4 begins!
A Stablecoin is a crypto coin that is pegged to an underlying stable asset or an underlying stable value that may include valuable metal like gold and diamonds or may include fiat currency like Dollars and Euros among others. They are currently on the rise as opposed to the well-known crypto assets that are highly volatile and largely based on market expectations for a fluctuation in its prices.
Since the launch of the first Stablecoins, in the first quarter of the year, 50 more coins have been released and a dozen more companies are considering launching more stable coins in a few yew months. This high supply of Stablecoins is full-proof that investors are now also considering more liquid and less volatile crypto-investments.
Stablecoins That will be Launched in this last quarter of 2018
The Tiberius Stablecoin was announced by Tiberius Group very recently. The Stablecoin is said to be one of the most viable coins as it is a ‘crossbreed’ of cryptocurrencies and traditional financial markets. The most unique characteristic of the digital coin is that its underlying is seven precious metals. They include; gold, platinum, tin, nickel, cobalt, aluminium and copper. The main reason why the coin has so many underlying assets is so that it attracts a wide range of investors who love a diversified type of investment.
The Tiberius Group CEO, Giuseppe Rapallo during an interview said, “This will give the coin diversification, making more stable and attractive to investors. Unlike other coins, the Tiberius coin will be sold in a lawful manner and under regulation as opposed to having a decentralized Initial Coin Offering. Inasmuch as the Tiberius coin looks like it would pass for a good investment to diversification, the success of the coin is questionable because sometimes too much diversification is the beginning if the downfall of that investment.
Candy coin is also an upcoming stable coin that will be released to the crypto market by Mobifinance. However, this coin will only be in use in Mongolia in place of its traditional currency. In this case, Candy coin is the Stablecoin and the underlying is the Mongolian fiat currency, the Tugrik.
The Candy coin will be used by the Mongolian citizens to go about their day to day activities. These activities include paying bills, buying goods and services, taking loans and the like. This would be a good approach of this personalized Stablecoin if guided with much regulation.
The coin will be among the few new Stablecoins that are pegged to the Sterling Pound. This coin is very unique as it is not pegged on the US Dollar like many other stable coins. The explanation that may be given for this coin is that the US Dollar underlying market is completely saturated and there’s a high need to introduce a different underlying asset to a stable coin. This also will provide a lot of liquidity especially within UK and most probably increase the penetration of cryptocurrencies into their market.