The Stable Coin Research Institute Formally Established, with 25 Organizations Joining

On January 23, 2019, Starteos initiated the Stable Coin Research Institute in collaboration with Block Producers, wallet development teams, exchanges, media, and the community.

As a non-profit, purely academic research institution, the Stable Coin Research Institute will focus on technical research and analysis on Stable Coin Projects and will publish research reports on a regular basis.

As the initiator of the institute, back in April 2018, Starteos and UESTC reached cooperation to establish a “Blockchain Technology Research and Application Joint-Lab”. Based on the “Joint Lab”, the deep accumulation of blockchain commonality technology has laid a solid technical foundation for the research of the stable coin.

Professor Lei Hang from Information and Software Engineering College of UESTC said:

The college has been actively exploring the emerging technologies such as blockchain and has established the Joint Lab for Research and Application of Blockchain Technology with Starteos. The lab will provide maximum staff and technical support for Stable Coin Research Insitute, focusing on the research of blockchain underlying technology to the key part of application launch, providing theoretical support for promoting the blockchain technology to empower the entity economy.

The founder of Starteos Ang Li said:

“What is most meaningful for the blockchain industry?” As a participant in this industry, Starteos is constantly thinking and working hard. In November 2018, “Joint lab for Blockchain Technology Research and Application’s EOS-based formal verification project phased results acceptance is one of the results of our efforts. The in-depth study of stable coins and the authoritative evaluation reference for the outburst of stable coins is our next target. ”

---

The launch and implementation of the Stable Coin Research Institute are inseparable from the participation of the community, and the number of institutions currently joined has reached 25.

The wide participation of the community will be conducive to the in-depth research and objective evaluation of the Stable Coin Research Institute and the promotion of the wide dissemination of research results, which will form a win-win development trend.

Yushi Sun, the co-founder of EOS Beijing, said:

“The concept of stable coin is very hot right now. It actually proves that blockchain is compromising to the traditional world. Bitcoin was originally positioned as ‘Cash’. After ten years of development, it is still away from ‘Cash’. In a truly highly prosperous blockchain system, a self-circulating currency should depend on itself instead of actively anchoring a stronger currency, and there should not be a stronger currency. This situation may require a long period of time or even a subversive change. In the current stage, the demand for stable coins does exist, and the ‘chip’ conversion between fiat money and cryptocurrency is one of the important factors that restricts incremental users of the blockchain. We should admit that fiat money is at a strong position currently, so the compromise anchoring could be a necessary stage of development.”

Ceng Zi from HelloEOS, said:

“As a channel to connect digital currency and fiat money, the development space of stable coins is huge, and the application scenario is far more than pricing and payment. A greatly designed stable coin distribution system may grow into a complex and huge financial ecosystem and is expected to bring huge incremental funds to the entire blockchain industry. HelloEOS announced its participation in the research institute in the first time, hoping to focus on theoretical research and technical support to contribute to this ecosystem.”

Vahid from Sweden EOS sw/eden said:

“An optimal stable coin should have the following: global price stability, scalability, privacy, and decentralization.

Stablecoins are however more complementary than competitive with other cryptocurrencies like Bitcoin, Ether or EOS, with many stablecoins relying on the security, compatibility, and infrastructure provided by such cryptocurrencies.

Overall, stablecoins are best viewed as a form of infrastructure or foundational layer for crypto assets that will generate immense value for the digital assets ecosystem.

Finally, the issue of price fluctuations in cryptocurrencies such as Bitcoin is often considered to be a key reason for many institutions and individuals to be on the sidelines of digital assets.”

---

As an important channel connecting the blockchain industry and the fiat money system, stable coin has huge development space for pricing, payment and settlement scenarios. Its importance for the development of the industry and the ecosystem is obvious. The establishment of the “Stable Coin Research Institute” could provide stable coins with an authoritative evaluation reference, and also fill the gap in the specialized technical research on stable coins.