Tag: stablecoin

Russia's largest bank will create its own stablecoin

Tokeneo
Russia's largest bank, Sberbank, is preparing to launch its own stablecoin. Sbercoin will be 1:1 against the Russian rouble and will be used for digital settlement of financial assets.

Stablecoin - what is it and how does it work?

Tokeneo
Stablecoin is a type of cryptocurrency or token designed to maintain a stable rate (as the name suggests - stable) against a given asset - usually a fiduciary currency. They are usually used on crypto exchanges (centralised and decentralised), markets or payment processors in order to maintain relatively the same value during the exchange and not to lose when crypto rates fluctuate.