Stablecoin Deployment | Build a Stable Coin on XinFin Network | Create Your Own Stablecoin

Stablecoins are designed to bring the much-required stability and maintain a fixed value proportional to an underlying asset.

What is StableCoin?
XinFin Stable coins aim to bridge the gap between cryptocurrencies' benefits and the stable nature offered by fiat currencies. It is a crypto token with a value pegged to the price of a national currency to combat its volatility.

Why StableCoin?
A XinFin stablecoin is a cryptocurrency that offers low volatility against the world's major national currencies, unlocking the benefits for decentralized technology. In a nutshell, stablecoins can be defined as a cryptocurrency with a fixed price.

A reliable stablecoin offers a number of use cases than that of the blockchain. People no more need to worry about the fluctuations in prices of the cryptocurrency daily while buying them. Stability in cryptocurrencies allows people to transact quickly and it also enables other crucial financial functions, including credit and loans.

Moreover, a stable decentralized currency could become a global currency by allowing trustless and cross-border transactions. It will especially benefit people residing in countries with unstable monetary systems like Argentina.

Therefore, stablecoins emerge as a new option for investors who want to make a transaction via a global currency, providing access to all.

The adoption of stablecoins will support the capital market formation and present new opportunities for decentralized finance on the blockchain like derivatives markets and lending.

If you are looking to gain the trust of investors by creating a stablecoin backed by a stable asset or fiat currency, we can help you develop a secure and reliable stablecoin for you.

Please visit https://st.mycontract.co to create your own stable coin on XinFin Main Network OR XinFin Apothem Network and follow the below steps: https://howto.xinfin.org/get-started/stablecoin/

Stable coin video script:
0:00-0:09 Find a stable coin website at st.mycontract.co (start with the previous video format)

0:10-0:13 issue your own stablecoin in few minutes

0:14-0:18 You can select any of the network main net or test net

0:19-0:25 Kindly unlock your wallet with XinPay or using a private key of your account

0:26-0:31 You just have to paste your private key and click on unlock your wallet

0:32-0:50 You need to enter details about your coin please enter your stable coin name, symbol, and the currency supply for your token

0:51-0:53 You need to agree to the terms of services ‘

0:54-0:59 decimals are select by default if you need to change you can edit it and the token type is a stable coin just click on save & review

1:00-1:04 You will find all the details you have entered for your token

1:05-1:09 click on issue token after that you will see that your stable coin is successfully deployed on xinfin network

1:10-1:15 just click on the transaction hash you will find all the details about your Smart contract

1:16-1:20 you can click on your token name and find more details like total supply and your contract address

1:20-1:30 Download Free Tools like Mobile Wallet or XinPay to store, view, transfer stable coins to one ac to another account. alternatively, Open Network API is also available to integrate with your current ERP or SAP system.

Don't Miss the article "Stablecoins & Legacy Finance: How can stablecoin-holders earn interest from legacy Finance?": https://medium.com/xinfin/stablecoins-legacy-finance-how-can-stablecoin-holders-earn-interest-from-legacy-finance-397ae7f9b7d2

Also watch our latest video on "Banks and Fintechs transition to Originate to Distribute": https://youtu.be/QwhezKcrE5E

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