1:1 Usd Stable Coin Product Line
The stablecoin market has grown rapidly in recent years, with an increasing number of stablecoins being launched. According to CoinMarketCap, the total market capitalization of stablecoins has grown from less than $1 billion in 2017 to over $100 billion in 2021. This growth is a testament to the increasing demand for stable digital currencies that can provide a reliable store of value and a medium of exchange.
The US dollar is the most widely used currency in the world, making it a natural choice for a stablecoin. Several stablecoins are pegged to the US dollar, including Tether (USDT), USD Coin (USDC), and TrueUSD (TUSD). These stablecoins have gained significant traction in the market, with Tether alone having a market capitalization of over $120 billion as of September 2022.
GUSD is designed to capture a share of this market, providing users with a reliable and stable way to store value and transfer money. .
The GUSD team has a clear strategy for entering the stablecoin market. The team is focused on building a robust ecosystem that provides users with a fast and reliable way to transfer assets.
Working on integrating GUSD into various payment systems, such as online marketplaces, e-commerce platforms, and point-of-sale (POS) systems. This integration will make it easier for businesses and individuals to use GUSD for everyday transactions.
Developing a mobile wallet for GUSD. The mobile wallet will enable users to easily store, send, and receive GUSD tokens on their mobile devices. This feature will increase the accessibility and convenience of GUSD, making it easier for users to manage their assets on the go.
GUSD is also compatible with any blockchain network that supports the EVM standard, enabling seamless interoperability between different ecosystems. This compatibility ensures that GUSD remains accessible and useful, regardless of the blockchain network being used.
Overall, GUSD is well-positioned to enter the stablecoin market and capture a share of the growing demand for stable digital currencies. With its advanced technology, diamond-backed collateralization, and robust ecosystem, GUSD could become a reliable and trusted form of digital currency, particularly during times of market uncertainty.
Stable coin frequency flow based on timezones reference:
Time Zones
Shanghai UTC+8 | 9:00AM = 1:00AM UTC | 5:00PM = 9:00AM UTC Moscow UTC+3 | 9:00AM = 6:00AM UTC | 5:00PM = 2:00PM UTC London UTC+1 | 9:00AM = 8:00AM UTC | 5:00PM = 4:00PM UTC New York UTC-4 | 9:00AM = 1:00PM UTC | 5:00PM = 9:00PM UTC Los Angeles UTC-7 | 9:00AM = 4:00PM UTC | 5:00PM = 12:00AM UTC
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