Published in: DigFin Date: August 19, 2019 Read the original article here.
As DigFin reports, the world’s first algorithmic stablecoin is about to be launched on the market. Anchor stablecoin is a two-token algorithmic stablecoin pegged to sustainable and predictable global economic growth. The majority of stablecoins are pegged to fiat or commodity and are liable to depreciation over time. Anchor has been created with the aim to maintain price stability and to present currency that will not lose its purchasing power during time.
Anchor’s CEO Daniel Popa says: “Most stablecoins are mapped to gold or fiat currency, but currencies are all depreciating, whether it’s due to monetary policy, quantitative easing, inflation, whatever. It doesn’t matter how you peg a currency when the U.S. dollar has lost 50% of value over the past 30 years [to gold] and 98% over the last century.”
