Blockchain technology provides multiple advantages to FinTech businesses and introduces new ways to revamp existing business models while reducing costs and intermediaries’ time consumption, enhancing the level of trust in the blockchain ecosystem. It also integrates smoothly with existing systems and processes, making the technology viable for global implementation. Blockchain provides a massive boost to secure, trustworthy and traceable transactions as businesses will reach out to clients across the globe and accept payments digitally with increasing decentralized transactions. Blockchain technology allows tokenizing of almost every single currency and asset (including stocks, bonds, capital funds, metals, and commodities). Cryptocurrencies are predicted to change many industries, in particular the financial business. All these opportunities are fundamentally changing the way people interact with money, trade on markets, and invest, and those financial companies that are not prepared, risk being left behind.
Millions of people all around the world use cryptocurrencies. However, every crypto trader faces the risk of price fluctuation or volatility on a daily basis. Thus, volatility is one of the reasons why cryptocurrency payments can be rejected by different businesses. It also has fueled skepticism toward cryptocurrencies and blockchain technology in general. It is true that investing in crypto assets does come with high risks and high rewards. But there is one safe option that helps to minimize the negative impact: stablecoins.
The risk of losing out funds is mitigated by the emergence of stablecoins, which fasten the value of any underlying asset (or) commodity to cryptocurrency, making it immune to strong price fluctuations. Stablecoins are a much more appealing alternative for conservative investors who dislike the volatility of the cryptocurrency market.
Stablecoins are blockchain-based payment instruments that aim to eliminate the volatility of cryptocurrencies and to ensure the privacy and security of crypto transactions. Stablecoins are widely used within the cryptocurrency ecosystem, they have also been proposed as a payments solution for enterprise blockchain use cases.
Stablecoins are a new opportunity for investors to make transactions using global currency and provide the access to these transactions to everyone. Moreover, the choice of stablecoins will support the capital market order and present a new option for Decentralized Finance (DeFi) on the blockchain like derivatives markets and lending.
Stablecoin development services
Fiat-collateralized Stablecoins Development
We create fiat-collateralized stablecoins that are the most stable and centralized, managed through strong regulations. Such coins are the easiest to understand and are a popular option to penetrate the crypto world. Our team specializes in building stablecoins backed by different fiat currencies like USD, EUR, GBP, and others.
Crypto-collateralized Stablecoins Development
Cryptocurrency-collateralized stablecoins are backed by a combination of other crypto assets. Such stablecoins are decentralized, highly efficient, and transparent. However, since they are backed by cryptocurrencies, these coins are volatile, that’s why such stablecoins are overcollateralized, i.e. the value of cryptocurrency held in reserves surpasses the value of the stablecoins issued.
Commodity-collateralized Stablecoin Development
Commodity-collateralized coins are supported by precious metals like gold, silver, and more, and are less susceptible to inflation than fiat-backed stablecoins. Their value is fixed by one or more commodities. Commodity-backed stablecoins are centralized, trustworthy, and need auditing.
Non-collateralized Stablecoins Development
Non-collateralized stablecoins are backed by an algorithm that varies the coin volume based on supply and demand through smart contracts. Such stablecoins are centralized, and not backed by any real-world asset.
Why should your business use stablecoins?
Using stablecoins while running your business you’ll get the advantages of cryptocurrencies such as clarity, security, immutability, fast transactions, low fees, and protection without compromising on trust.
Stablecoins are backed by liquid assets, that’s why safe and stable fundraising for projects is possible with the use of stablecoins due to their liquidity.
Stablecoins are created using blockchain technology, which ensures full transparency of transactions for all participants.
Stablecoins are backed by stable assets or fiat currency owing to which their price remains relatively unaltered. Therefore, businesses can sustain in the ever-changing conditions.
Non volatility provides a great advantage to crypto holders in terms of trading their cryptocurrency to a stablecoin without changing cryptographic money to fiat. They can be easily traded at various exchanges around the world.
Why choose stablecoin development with Velmie?
Technical Expertise. Velmie has extensive experience developing solutions for blockchain-based businesses and will help you create end-to-end solutions. The wide variety of clients allows us to speak of a wide range of expertise.
Regulatory Compliance. As someone not new to the financial industry, Velmie knows how to work with existing specific regulations and best practices that companies must follow, which allows us to avoid mistakes in the product development process.
Transparency. Velmie strives to have a similar professional ethic and values with the client to honor their commitment to transparency and quality. This way, our customers and we can better understand each other's needs and collaborate in the most effective way.
Meaningful Results. We provide our clients with high-quality solutions and demonstrate significant results. We make sure you see value in your investments.
Ongoing Support. Our current technology stack is robust, innovative and adaptable. And once implemented, we provide our customers with ongoing support and maintenance as part of our services
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