Dignity Token vs USD COIN vs TrueUSD
What problem does this service solve?
Dignity is a gold backed stablecoin. It is one of several digital tokens created by Cryptobontix, that attempt to reduce price volatility by pegging them to a physical asset. | USDC is designed to be a stablecoin that will reduce price volatility in crypto markets, and will serve as a solution component that can be incorporated into other decentralized apps and services. | TrueUSD is a stablecoin that can be redeemed 1-for-1 for US Dollars. It is a legally-enforceable certificate of ownership of the US dollar and enables users to hedge against volatility. |
Token Stats
Company Description
Dignity is a stablecoin pegged to gold, that was developed by the company Cryptobontix. Each DIG token is pegged to the worth of 0.02445 grams of gold, which was worth exactly $1.00 at the time of the Dignity whitepaper. | USD Coin is a stablecoin created by Coinbase and Circle. It's backed by USD (1 USDC=$1 USD), and is designed to be a stable digital currency that will fit within the trust and regulatory frameworks of the financial system, while still benefiting from the transparency and advantages of crypto powered networks. USDC is issued using the CENTRE open source framework and membership scheme, and it is available as a framework that multiple companies can leverage. Eventually other financial institutions will be able to become USDC issuers (and issuers of other fiat stablecoins - e.g. EURC, JPYC, GBPC), and customers will be able to tokenize USD and redeem USDC tokens in an open and interoperable ecosystem of financial institutions. A membership governance model for issuers will ensure that they meet technical, operational, regulatory, compliance and audit requirements. | TrueUSD is a stablecoin backed by USD. It was created by TrustToken, a company that specializes in creating asset-backed tokens on the Ethereum blockchain. TrueUSD is fully collateralized and is transparently verified by third-party attestations. |