Samecoin.com. Take a look at how Samecoin’s SameUSD offers a perfect alternative for cushioning one's assets against hyperinflation, among other benefits. An ecosystem. A real one. Join Samecoin.com.
2. samecoin.com
Cryptocurrencies date back to 2009 but
have not achieved mainstream adoption
and utilization, which can be attributed to
a set of drawbacks such as price
volatility, regulations, cybersecurity
issues, and scalability
Stablecoins have emerged to resolve the
volatility and stability problems of
traditional cryptocurrencies. There are
over 200 stablecoins in existence,
including Tether(USDT), TrueUSD, and
most recently, SameUSD. SameUSD pegs
to a bundle of stablecoins, ensuring
insulation against shocks to a particular
currency, commodity, or entity..
3. samecoin.com
Stablecoins are cryptocurrencies that are
collateralized by the value of the
underlying asset. They come as digital
money and aim to simulate fiat currencies
that are more stable than cryptos.
Stablecoins are not vulnerable to the
extreme price volatility experienced by
traditional cryptocurrencies.
Reasons for
the invention
of Stablecoins
4. samecoin.com
The collaterals vary from coin to coin.
Some have their prices pegged on fiat
currencies like the USD, some are pegged
on other cryptocurrencies, while others
rely on a combination of algorithms and
smart contracts.
New stablecoins are entering this space
regularly to resolve these drawbacks.
SameUSD has come to mitigate the un-
derlying risks associated with stablecoins.
5. samecoin.com
Features of SameUSD
SameUSD from the Samecoin ecosystem are stablecoins with
fiat-like values that are built with digital payment in mind.
• Pegged to a bundle of stablecoins:
Insulated the stablecoin against shocks
such as price volatility and regulatory risks.
• Decentralized: Transparency helps
avert risks over-issuing the stablecoin
as all processes can be monitored within
the blockchain network.
• Open market arbitrage: Samecoin allows
free exchange between various stablecoin
through open market arbitrage.
• Scale up despite fluctuating values:
SameUSD is dynamically minted and burnt using
the Samecoin Protocol based on the reserves.
6. samecoin.com
Stablecoins have great potential should they be
incorporated into the mainstream market.
• They can be an alternate source of loan in
circumstances where you don't qualify for
one from the traditional banks.
• Also, you can safely take care of recurring
bills such as rent, salaries, and subscriptions
through the use of smart contracts.
• Stablecoins possess huge potential to
revolutionize the future of finance, should
they be adopted globally.
Applications of Stablecoins
7. samecoin.com
Stablecoins are being put to use in the real
world,although on a small scale, as follows:
• As a store of value: Guard against
hyperinflation of the fiat currency and
other cryptos
• Making payments: Accepted by
WordPress, Microsoft, and Walmart and
others
• Salaries and remuneration: Payment for
workers on a small scale.
• Loans: High yield opportunity for debt
investors offering double-digit interest
rates.
8. Samecoin’s SameUSD offers a perfect al-
ternative for cushioning one's assets
against hyperinflation because of the level
of stability it is guaranteeing. It is also a
faster and more secure stablecoin that
can be used in making day-to-day pay-
ments.
Conclusion
samecoin.com