bitCNY vs USDQ
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What problem does this service solve?
| bitCNY is intended to serve as financial tool that will help stabilize the price of BTS relative to the Chinese Yuan. | USDQ is a stablecoin designed to facilitate investing in blockchain projects. |
Token Stats
Company Description
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. | USDQ is a stablecoin that is pegged to the US Dollar and is collateralized with Bitcoin. USDQ was issued by a company called Platinum Securities that offers STO and market making services. |
