Stablecoins are designed to bring the much-required stability and maintain a fixed value proportional to an underlying asset. At LeewayHertz, we have a dedicated team of stablecoin experts who can provide services including creation, trading, and marketing of stablecoins.
Stablecoins are backed by a stable asset or fiat currency and therefore, it can sustain in the ever-changing monetary values.
Supported by assets with liquidity, stablecoins help businesses raise funds for projects in a secure and stable way. In case, the prices increase, more tokens are minted to control the stability.
As stablecoins are created using blockchain technology, all the transactions are transparent to all the members of the network.
Stablecoins are the digital-to-fiat currency which offers widespread integration as it can be traded easily at various exchanges like Bitfinex and GoCoin.
Our Stablecoin Development Services
Stable Coin Consulting
We have a team of stablecoin consultants who have worked with startups and enterprises to launch stablecoin offering. With their expertise in tokenization, they can help you create the right business strategy for your stable coin.
Our team of whitepaper professionals can help you draft a clear and easy-to-read whitepaper for stablecoin that covers essential details about the project and helps investors make the right decisions.
Fiat backed Token Development
We can help you create fiat-backed tokens by pegging cash reserves like Euro, Japanese Yen or USD. For example, each token can represent 1 Yen or 1 USD.
Precious Stones Backed Token Development
Our team of StableCoin experts can also build tokens backed by precious stones like gold or diamond. These tokens can be traded on exchanges or redeemed for real stones. Each token can represent 1 gram of gold or 1 carat of diamond.
Our team also provides clients with payment services, which can expand stablecoin offerings with multiple payment options and increase revenue. Our payment services include prepaid cards, virtual IBANs and card payments from all over the world.
We will conduct AML/KYC checks on the profiles of investors at the time of both issuing tokens equivalent to stable assets and redeeming the stablecoins.
We will prepare a growth hack strategy for stablecoins to reach out to the targeted investors. Our marketing experts will perform marketing activities such as influencer outreaching, social media marketing, email marketing and other growth hacks.
Community Support Management
We have a dedicated team that provides community support via ticketing systems, instant chats and crypto forums. We ensure that investors’ queries are answered quickly.
Consult our StableCoin Development Experts
Start a conversation by filling the form
Once you let us know your requirement, our technical expert will schedule a call and discuss your idea in detail post sign of an NDA.
All information will be kept confidential.
Frequently Asked Questions
What is a Stable Coin?
Stable Coin is a digital currency which is designed to hold a stable value. It has been introduced to solve the volatility in prices due to the current scenario of cryptocurrencies. Each stable coin is associated with a real asset that backs to stabilize its value.
What are the different types of Stable Coins?
Stable coins are of three types:
- Cryptocurrency-backed Stablecoins
- Fiat-backed Stablecoins
- Non-collateralized Stablecoins
A cryptocurrency backed stable coin holds cryptocurrency as collateral, for example, Ethereum. The stable coin requires a security pledge to compensate for the volatility of collateralized cryptocurrency.
It is not necessary that the coin will have 1:1 ration for the collateral cryptocurrency; however, it will be more like a USD 2 pledge for each USD 1 issued stablecoin.
Fiat-backed digital currencies are pegged to a national currency. For example, TrueUSD is pegged 1:1 to the US dollar. As the name suggests, there is a need to deposit fiat currency as collateral for fiat-backed stablecoin to exist.
These tokens are issued at the 1:1 ratio against towards the collateralized fiat currency. Though it is a simple technique, it requires regular auditing and a custodian to look after that the token always remains collateralized.
There are some stablecoins which also use Seigniorage Shares System. Seigniorage is the difference between money’s value and the cost of its printing. These stablecoins depend on an algorithm that updates the supply volume according to its needs to maintain the stability in price.
Why should you hire us a StableCoin Development Services Provider?
We have been working on the StableCoins since it was introduced to the market. Being one of the leading blockchain development companies, we have delivered over 10 blockchain projects and deployed 80 smart contracts.
Our dedicated team of experts uses agile methodology to deliver the projects within the decided timeline and budget.
Also, we use industry-grade project management tools like Jira and Confluence to offer transparency across projects’ progress to our clients.
Why should you hire a StableCoin Development Company?
A company specialized in StableCoin Development will assist you through every step of the development process. From creating a stablecoin to drafting a whitepaper, deploying it and promoting it, the StableCoin Development Company has a process in place for feedbacks and quality checks.
What is the process of StableCoin Development?
The process of StableCoin Development involves the creation of the crypto token, associating them to a smart contract, deploying tokens on the blockchain platform and promoting them to investors.