Post
Topic
Board Altcoin Discussion
Re: Cost to develop stable coin
by
Fundamentals Of
on 26/05/2022, 03:01:04 UTC
What is the standard range to develop a good stable coin?

I cannot give you reliable figures because I don't have any first-hand experience in developing a stablecoin but it must be huge. In the first place you need to have 1:1 reserve with whichever fiat currency you will peg your stablecoin on. So if you are planning to mint even a million stablecoins that means you will also have a million of the fiat your coins is based. That does not include development yet. You will definitely hire programmers and security experts for this project to get started.