This week we added several new digital assets to the platform, including stablecoin TrueUSD, released an updated iOS app, launched two new DAAs, and more.
TrueUSD is a stablecoin that can be “redeemed 1-for-1 for US dollars.” Access to a stablecoin allows DAA managers to mitigate losses during times of high volatility. For example, if a market correction is expected, TrueUSD can be used in the structure of the DAA to preserve its value.
The addition of a stablecoin allows for better management of volatility, which can result in more stable DAAs that our users can buy into. It will also lead to the creation of a wider variety of DAAs for more conservative buyers.
Read our full overview in our blog post.
Ten New Digital Assets
On Wednesday, May 23, we added support for NEO, the last in our series of ten digital assets added to the platform over ten days, starting on the first day of Consensus 2018. Read our blog post for full details.
To keep reading, please go to the original article at:
ICONOMI - Medium
This article was first published on: ICONOMI - Medium All content is synced from the rightful owners. Copyright on text and images belong to the original source. --