There are clear use cases for cryptocurrency that are held back by the fact that its value fluctuates so dramatically. Prime examples are the markets for global remittances and cross-border payments. Remittances are funds that people working in foreign countries send home to their families. Remittances account for approximately $700 billion in cross-border value flows according to the World Bank, and this market is expected to grow 25% from 2019 to 2024.Anchor token is a new cryptocurrency introducing a truly stable peg of value for the first time on the global crypto-market. Anchor is modeled as a two-token system consisting of the Anchor token, the system’s currency and payment token, and the Dock Token, the systems utility token that is used to insure system stability.
Anchor token is addressing one of the biggest issues in the global economy – how to preserve monetary value over time, stabilize the value of any given currency, lower its volatility and prevent devaluation.
Anchor token aims to solve the problem of transparency, liquidity, guarantee and trust on a global scale and thus tackle these burning issues directly, with the introduction of stability facilitated by the purchase of sovereign debt as the backing for the two-token system.