Gold Bits Coin vs BitBay vs HUSD Token
What problem does this service solve?
Gold Bits Coin wants to create a digital currency with less price volatility, that will be backed by gold. | 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. |
Token Stats
Company Description
Gold Bits Coin is developing a digital currency that is backed by gold. They hope to create a digital asset with less price volatility that can be used as a medium of exchange. GBC is built on Ethereum. Their marketing materials are unclear about how much gold they have in reserve to back each Etherreum-based token. | 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. |