New players foster Crypto-economy

Cryptocurrencies have now become an alternate for most of the digital transactions. Though used on a large scale, there have always been concerns about its volatile and unstable market structure. The ups and downs in the market capitalization of leading Cryptocurrencies have led to a number of debates about cryptocurrency credibility and reliability.

In order to bring about a certain level of stability, security and steadiness in the global virtual market space, the greater Blockchain community has introduced new digital assets - Stablecoins.

Stablecoins are developed with an aim to be utilized as a nice unit of account and a proper store of value. They work on the very efficient block-chain technology and are aimed to make optimum application of this technology.

The recent news comes in that a team of experts have developed a USD-backed stablecoin. 'TrueCoin Project' is a team effort from Stanford, Palantir and Google.  Stablecoin stands out as it is cent percent collateralized, legally protected and transparently audited.

It is notable here that Money Trade Coin – an emerging cryptocurrency also started its journey with the robust and cutting-edge Blockchain Technology. Money Trade Coin sets itself apart from all the other cryptocurrencies in the market system as, it is the first ever cryptocurrency to be registered as an Algorithm (meaning an “Owned Cryptocurrency”). Also, since its nascent stage Money Trade Coin is providing Know Your Customer (KYC) and Anti-Money Laundering Facilities to secure and safeguard the transactions. Money Trade Coin works on a peer-to-peer network that is not controlled by external forces, thereby increasing Transparency. Money Trade Coin provides high-end security and freedom to financial enthusiasts; it is slowly and steadily forming a strong threshold in the global financial market system.

With the use of the Blockchain Technology, the crypto-market will soon expand and there are chances of it entering the mainstream financial market system soon.