Quote from: DaMut on October 29, 2019, 04:56:09 PM

Quote from: thefever333 on October 29, 2019, 12:46:37 PM

I can never understand why people create stablecoins, which are already a lot? Or is one better than the other?

Because stablecoin is widely used to store the value of your investment, there is an advantage for an exchange for having its own stablecoin because it can be used as a tool to store user assets value in their platform and getting attraction from the people. By having their own stablecoin, it can boost traders faith in using their platform because they have a way to store their investment value.

the problem with stablecoins is how true they are pegged to a certain fiat currency? in this case, partially collateralised with euro and bitcoin. how can you verify that they have such assets as claimed to be?
dont forget that USDT admitted before that they are not 100% backed by dollars. so with EBASE, do they really have the euro and BTC to back this stablecoin?