A Japanese Firm Introduces USDDex. A Stablecoin Pegged to the US Dollar

An ERC-20-complaint on stablecoin has been launched by a Japanese firm. The claim is that it offers ‘absolute decentralization, maximum security and a reliable source of stability in the face of volatility’

USDDex, as its name suggests is directly fixed to the United States dollar (USD), thus helping traders to move their money into cryptocurrency without exposing themselves to the price fluctuation experienced in other major digital assets such as Bitcoin and Ethereum.

What this means is that if the price of bitcoin experiences an increase of over 10 percent and you have a feeling that it will plummet for 5 percent in the coming hours based on TA, you exchange your funds for USDDex while it’s still at 10 percent. When it comes down to 5 percent you can then exchange it back to BTC. Wise one?

The Japanese company trusts that its stablecoin could potentially become a feasible substitute to fiat and encourages a vast majority adoption of cryptocurrencies, giving employers a safe way of paying their workers’ salaries while enabling consumers to make purchases with confidence.

USDDex firmly believes that stablecoin will have a great impact in the year 2019 as their research suggests that the monthly trading volume of the first five such coins in the market has now exceeded $100 billion. Not also forgetting reports that suggest the social media giant Facebook is planning to launch its digital asset.

The firm also emphasizes that stablecoin will serve as a safe haven when delving into digital assets as you are not easily exposed to price fluctuations of the BTC and ETH and there will also be receipts and proof of ownership for your Stablecoin.

The fixed rate of USDDex means that one of its tokens equates to $1 and that is adaptable to both centralized and decentralized exchanges. The firm says that its cryptocurrency is being supported by most major Ethereum wallets such as MyEtherWallet, MetaMask, Ledger and Parity.

Presently, the organization is likewise getting ready to list on 20 exchanges, including HitBTC, Stellar, Bibox, and Changelly.

Visit their official website https://usddex.io/ to read more

If you are not sure what Cryptocurrency is and you feel like asking a question, don't hesitate to holla at Ninja Discord anytime to talk about cryptocurrency.

Julzin "Sensei" - Altcoin Ninjas - See you soon Ninjas!