Stable Coins have long been considered a safe investment in the world of crypto, primarily owing to the relative stability they offer in a highly volatile market. The value of these coins is pegged to a currency or a valuable asset, usually the USD or gold, respectively. But there are many factors at play, and the situation is far more intricate than it seems from the outside. That’s the exact reason experts and enthusiasts recommend choosing only the best stablecoin. Of late, the stablecoin that appears to be turning most heads is QiUSD.
Slated to be released in Q2 2023, QiUSD is a stablecoin in the true sense. It will act as the perfect solution to bridge the gap between fiat currency and cryptocurrency, allowing investors in high-inflation economies to secure their savings and keep them safe from depreciation over time. With stablecoins, users get to enjoy the best of both worlds. It combines the reduced volatility of fiat currency with low transaction fees and the security of cryptocurrency.
Benefits of stablecoins
Let’s go through some of the significant benefits of stablecoins to help understand the craze around it and whether it actually lives up to the expectations:
Easy to operate: Owing to their blockchain-based origin, stablecoins are far easier to operate, trade, and store. They can be held in wallets and easily traded on exchanges, making the process all the more seamless. Besides, stablecoins are a preferred medium for cross-border payments without banks acting as intermediaries or there being time boundations.
Reduced volatility: One of the biggest drawbacks attributed to cryptocurrency is volatility which still acts as a deterrent to its mass adoption. The recent crash added to the woes of investors when billions of USD were wiped off the market in a matter of days. But with stablecoins, volatility is reduced drastically, if not outright eliminated, thus ensuring higher engagement and investment volume. Of the top 5 cryptocurrencies worldwide, two are stablecoins, which is a testament to their mass appeal.
Eliminates intermediaries: Another benefit of stablecoins, or cryptocurrencies in general, is the lack of intermediaries or third parties, leading to enhanced security and lower transaction fees.
Transparent: Everyone stablecoin is backed by a currency or something with monetary significance, and the value of stablecoins in circulation is always held as a reserve in the underlying asset. For instance, if stablecoins worth 100 million USD are in circulation, the issuer has the same amount in funds, either in cash, bank accounts, or some sort of bond. Besides, the issuer conducts regular audits through reputed third-party firms, and the reports are shared with the coin holders to keep them apprised of the financial status.
Lower transaction fees: Again, this can’t be attributed solely to stablecoins but is a benefit of trading in cryptocurrency. Nonetheless, it’s a crucial benefit and all the more profound when it comes to stablecoins, where the transaction charges are usually higher when accounting for their value. So a lower transaction fee helps save big bucks in the long run for those who regularly trade in stablecoins.
Revolutionizing De-Fi: Decentralized Finance is an emerging sub-domain of the blockchain, has gained massive prominence in a short while, and is touted as the future of the industry, given its user-oriented policies. And stablecoins are a vital part of the De-Fi space, allowing blockchains and projects to add liquidity and delivering a wide array of benefits to users.
Why should I go with QiUSD?
At this juncture, one may ask why to go with QiUSD when several established stablecoins are available in the market, like USDT, USDC, and DAI. The question is perfectly valid, but the fact remains, QiUSD aims to offer what these stablecoins lack. It eliminates glaring loopholes and delivers a higher level of security to users, in addition to several other benefits.
Most popular coins developed on well-known blockchains have a high slippage, i.e., a change in value after an order is placed and when it gets executed. It could both be positive or negative, meaning investors might end up trading at a lower or higher value. And it’s this uncertainty that bothers many because slippage has often been found to be as high as 15 USD per transaction. But with QiUSD, a stablecoin developed on a user and market-oriented blockchain, slippage won’t be a concern anymore.
Besides, one of the most critical aspects that separate QiUSD from the rest is that it is over-collateralized. While most stablecoins maintain a 1:1 ratio when it comes to reserves and the value of coins in circulation, QiUSD has it at around 206.5%, though its not fixed but overcollateralized. Even by that standard, it’s significant feat for a coin yet to enter the market.
The contracts for QiUSD have already been deployed, and the coin will be listed on QiDEX, the blockchain’s native Decentralized Exchange, and DigiFinex, another secure exchange. Do check and invest in what many claim to be the most advanced stablecoin to date and one that will redefine the future.
To find out more about the QiUSD stablecoin, visit the official website: https://qiusd.online/
Also, follow the Qi blockchain on all social and interactive channels to stay updated with the latest developments and releases.
Twitter: https://twitter.com/qiblockchain
Instagram: https://www.instagram.com/qiblockchain.online
Facebook: https://www.facebook.com/QiBlockchain
Discord: https://discord.gg/AMWUd5cW
Reddit: https://www.reddit.com/r/qiblockchain/
GitHub: https://github.com/Qi-Blockchain
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