In 2019 the first release stablon tied to the Australian dollar

The oldest bitcoin exchange Bit Trade Australia, together with blockchain Emparta company plans to release the first stable token that is tied to Australian dollar (AUD). It is expected that the launch of cryptocurrency will happen early next year.

According to the managing Director of Bit Trade by Jonathon Miller (Jonathon Miller) stable token supported AUD, will help solve the problem of volatility in cryptocurrencies. In fact, stablein carries the benefits of blockchain technology, such as transparency, security and permanence, without losing the guarantee of confidence and stability offered with Fiat currency, he added

“We believe that stabilini will increase trust and accelerate the widespread introduction and will be able to function as the basis of financial applications based on the blockchain, especially here in Australia, given the favourable regulatory framework,” said Miller.

Currently, partners are developing a prototype of a stable cryptocurrency on the completion of which is planned to spend just over a month.

The most common stable token at the moment is USDT issued by the company Tether and is tied to the US dollar. In may 2018 issue of USD stablon Coin (USDC), also with reference to the U.S. dollar, announced blockchain startup Circle. In June, the company Stasis has announced the launch of stable token EURS support for the Euro in a ratio of 1:1. And finally, in September, was released pegged to USD stabilini Paxos Standard blockchain startup Paxos and Gemini Dollar (GUSD) Gemini Trust brothers the Winklevoss.