BitBay vs HUSD Token vs bitCNY
What problem does this service solve?
BitBay's goal is to create a stable cryptocurrency that is not pegged to another asset. | HUSD is a stablecoin that attempts to provide greater transparency with more regular auditing and attestations of their US Dollar reserves. | bitCNY is intended to serve as financial tool that will help stabilize the price of BTS relative to the Chinese Yuan. |
Token Stats
Company Description
BitBay is developing a decentralized marketplace based on a non-colateralized stablecoin. Unlike other stabelcoins, BitBay is stabilized with a dynamic peg that is meant to reduce volatility without anchoring the price to another asset. The network has a Proof-of-Stake (PoS) consensus mechanism. | HUSD token is a stablecoin that was created by a Hong Kong based company called Stable Universal. HUSD is backed by US Dollars in a 1:1 ratio that are held in a trust company. The HUSD stablecoin is designed to have a governance structure that will increase security, liquidity, and transparency. Monthly audits of HUSD's reserves are conducted by an independent accounting firm to ensure that the 1:1 backing is maintained. | bitCNY is a decentralized stablecoin that is pegged to the Chinese Yuan. It is based on the BitShares blockchain and has a Delegated Proof-of-Stake (dPoS) consensus mechanism. As a market pegged asset, the bitCNY token represents the amount of BitShares (BTS) that are equivalent to one Chinese Yuan. |