The PolkaCash Difference

Taxonomy Of The Main Stablecoin Types

Why are Stablecoins in demand? What are the use cases?

  1. As a means of exchange - This is the primary purpose of stablecoins and it is central to cryptocurrency adoption, as it solves the issue of volatility.
  2. As a Unit of account - Since stablecoins are pegged to fiat, pricing can be done in stablecoins, and overtime, they could become a recognizable unit of account globally.
  3. Store of Value - Since they are not volatile, stablecoins are fast becoming a popular store of value. They are likely to become even more popular for this reason, considering the negative interest that could be accrued to bank depositors.
  4. Remittances - Cryptocurrencies have been hailed as a fast and cheap means of remitting funds, with the major downside to their use being their volatility. Efficient stablecoins solve this problem.
  5. Lending and derivatives - Stablecoins allow you to hedge against the risk of volatility and nullify the need for centralized players existing on the CME and CBOE
  6. Decentralized applications (dApps) - For businesses that run on smart contracts, stablecoins ensure that operation costs are predictable and infrastructure management is easier.
  7. Performance management - By removing volatility, stablecoins make it possible for analysts to accurately evaluate and compare projects.

The foundation for an efficient stablecoin

Introduction of PolkaCash improvement (Reserve Mechanism)

Why we think PolkaCash is superior to current solutions

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