Very few cryptocurrency exchanges out there currently support fiat currencies due to strict regulations. But the use of stablecoins allow exchanges to get around this problem and offer crypto-fiat trading pairs, by simply using a USD-backed stablecoin instead of actual dollars.

This will greatly help in the adoption of cryptocurrency trading as a whole, as it makes the process of joining and obtaining cryptocurrency easier for newcomers, as they can continue to think in terms of dollars or euros, instead of in constantly-fluctuating bitcoin values.

It will also reduce bitcoin’s massive influence over the market, as currently most exchanges require traders to hold BTC before they can exchange it for other types of crypto.Anchor is designed to preserve purchasing power and steadily enhance monetary value over time.

Anchor token is a stable financial ecosystem comprised of a stablecoin cryptocurrency and a non-flationary, algorithmic index. The index is based on the sustainable, upward trend of global economic growth measuring real world value using financial indicators such as the GDP of more than 190 countries, FX indicators of a basket of 16 currencies, and premium sovereign bond yields.

Anchor’s tokenomics ecosystem is designed to be intrinsically stable with its algorithmic index called the Monetary Measurement Unit (MMU) and a safety-net of six stabilizing mechanisms, which includes a two-token, burn-mint model to ensure stability regardless of market recession, volatility, inflation, and other dynamic economic scenarios.