Paxos is a regulated financial company specializing in providing blockchain trust and custodial services for their clients. Paxos' settlement platform (Bankchain) is designed to be integrated with existing systems and to eliminate settlement risk in the exchange of digital assets. The company created a USD backed stablecoin called PAX, that is built on the Ethereum blockchain, and is meant to assist their clients in converting a variety of assets into digital versions, that can be more easily exchanged on a blockchain.

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.

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.