HUSD Token

by Stable Universal

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Single Collateral DAI

by MakerDAO

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Gold Bits Coin

by Gold Bits Coin

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HUSD Token

by Stable Universal

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Single Collateral DAI

by MakerDAO

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Gold Bits Coin

by Gold Bits Coin

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What problem does this service solve?

HUSD is a stablecoin that attempts to provide greater transparency with more regular auditing and attestations of their US Dollar reserves.DAI is a digital stablecoin that is pegged to the US dollar, and is meant to be a digital currency with reduced price volatility. (1 SAI=$1)Gold Bits Coin wants to create a digital currency with less price volatility, that will be backed by gold.

Token Stats

Company Description

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.

Single Collateral DAI is a decentralized stablecoin that has collateral to back its value and an interest rate mechanism to stabilize its price. It is designed to be a digital currency with a stable value, that is pegged to the US dollar. (1 SAI=$1) MakerDAO is the decentralized autonomous organization that manages DAI and works to combat its price volatility. MakerDAO hopes to enable more decentralized applications by providing a stable digital currency whose value will not be susceptible to drastic fluctuations. The Maker platform itself, is powered by the MKR token, which is not a stablecoin, and has a volatile price because of its role on the Maker platform. In November of 2019 MakerDAO launched the Multi-Collateral Dai (MCD), which will eventually replace the existing Single-Collateral Dai, and will enable the company to offer a wider range of DeFi services.

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.

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