Maker Token vs USD COIN vs Dignity Token
What problem does this service solve?
The Maker token is the native token of the MakerDAO platform. Its purpose is to help govern and stabilize the DAI stablecoin project. | 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. | 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. |
Token Stats
Company Description
The Maker token (MKR) is the MakerDAO native token. It acts as a utility token, governance token and a recapitalization tool for the MakerDAO platform, which manages the DAI stablecoin. MKR is used as part of the stabilizing mechanism that is in place to combat the price volatility of the DAI stablecoin. | 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. | 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. |