Tether vs USDQ vs nUSD
What problem does this service solve?
Tether is the largest stablecoin. It allows crytpcurrency traders to hedge against volatility. | USDQ is a stablecoin designed to facilitate investing in blockchain projects. | nUSD is a stablecoin designed to be used for every day transactions. |
Token Stats
Company Description
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. | USDQ is a stablecoin that is pegged to the US Dollar and is collateralized with Bitcoin. USDQ was issued by a company called Platinum Securities that offers STO and market making services. | nUSD is a stablecoin that is pegged to the UD Dollar. It was created by Havven, a decentralized payment network. nUSD has a dual token mechanism that provides stability. In order to generate nUSD, users must acquire Havven Coin (HAV) and lock it in a smart contract. 80% of their HAV holdings remain in collateral, and 20% of its value is generated in the form of newly minted nUSD. This collateral staking mechanism includes an incentive mechanism that rewards users with a portion of the transaction fees that are collected when nUSD transactions occur on the network. nUSD is currently an Ethereum-based token, but will soon be transferred to EOS. |