Tag Archives: Stablecoin

Ampleforth Stablecoin Improves Security After Audit

Ampleforth has completed upgrades after its second security audit through New York firm Trail of Bits. The full report is available below. Ampleforth is a stablecoin which uses a different method of preserving its dollar-to-unit ration, by transferring “volatility from unit price to unit count.” As the market shifts around Ampleforth, formerly Fragments, users balances change to reflect the change in price. Continue reading Ampleforth Stablecoin Improves Security After Audit

Digix Stablecoin Seeks to Put Gold on the Ethereum Blockchain

The stablecoin is still an evolving concept, and there have been multiple approaches to it. Dai has algorithmic methods to keep it tied to the US Dollar, while the multitude of stablecoins – USDT, PAX, GUSD, TUSD, and USDC — all simply offer a 1:1 exchange ratio. The recently-rebranded Ampleforth offers an elastic supply so that the holder always gets the same value out of their investment, while they may have a different number of tokens depending on the market value of the token. Continue reading Digix Stablecoin Seeks to Put Gold on the Ethereum Blockchain

Japanese Largest Shipper to Launch Stablecoin to Pay Sea Workers

Nippon Yusen Kaisha (NYK), a shipping and logistics company based in Japan, has announced plans to introduce a digital currency as a means of providing service payments to members of its crew, according to a Bloomberg report. Continue reading Japanese Largest Shipper to Launch Stablecoin to Pay Sea Workers