Gold Bits Coin

by Gold Bits Coin

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Tether

by Tether Limited

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Steem Dollars

by Steem

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Gold Bits Coin

by Gold Bits Coin

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Tether

by Tether Limited

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Steem Dollars

by Steem

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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.Tether is the largest stablecoin. It allows crytpcurrency traders to hedge against volatility.Steem Dollars are a stablecoin that are designed to be used as a less volatile medium of exchange on the Steem platform.

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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.

Tether (USDT) is the largest stablecoin cryptocurrency. It is pegged to the US Dollar. (1 USDT=$1 USD) Each Tether token that is issued is backed by $1 USD that is supposedly held in reserve. Tether has been the subject of some controversy because they have failed to allow a transparent audit of their currency reserves.
Tether facilitate transactions between cryptocurrency exchanges at a rate that is fixed to the United States dollar. This allows traders to take better advantage of arbitrage opportunities. Tether was created by the leaders of Bitfinex, one of the largest crypto exchanges.

Steem Dollars, or Steem Based Dollars, are stablecoins released by the Steem platform and pegged to the USD. Steem Dollars (SBD) are one of the three currencies that help power the Steem social media platform. SBD holders are entitled to receive one dollars worth of STEEM when it is redeemed.

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