Stablecoin Development Service Company
Stablecoins bring in much-needed stability to the volatile cryptocurrency ecosystem. In fact, with a stable cryptocurrency in place, using cryptocurrencies for day-to-day transactions becomes easier. At Prolitus, we offer a blockchain-enabled platform that permits the creation, management, and trading of stablecoins.
Features of StableCoin
Stable Currency
Our Blockchain-based platform converts fiat into digital currency to chain in the value of other stable assets such as gold or the US dollar.
100% Backed
Every StableCoin is backed by a stable asset or stable fiat currency held in our reserves.
Transparent
Since our reserve holdings are subject to recurrent audits, all Stablecoins in circulation are equivalent to those in our reserves.
Blockchain Technology
Since our platform is powered by ERC 20-compliant Ethereum-based Blockchain, security and transparency come along readily.
Widespread Integration
Stablecoins like Tether are digital-to-fiat currency that enjoys widespread integration. In fact, they can easily be bought, sold, and used at several exchanges such as GoCoin, Bitfinex, etc.
Secure
Since Stablecoins are developed over a Blockchain-based platform, security is ensured.
Why Choose Prolitus for StableCoin Development?
15+ years of Experience
50+ Team of Blockchain expert
50+ Projects Delivered
Utilization of StableCoin
Fixed value transaction
Since Stablecoins are backed by another stable asset or stable currency like Gold or Dollar, they promise price stability, which is essential for mass adoption and regular utility.
Tokenization
Stablecoins are pegged to real-world assets such as the dollar, Euro, or gold, making them a safe transaction mode.
Reserve value
Reserve-backed Stablecoins are backed by one-to-one reserves of the stable assets or currencies they are pegged to. Furthermore, these reserves are subject to audits, which makes them more credible.
How does it work?
Purchase Process
We coordinate with several trust companies entrusted with managing billions of dollars. First, we conduct and pass KYC checks, followed by sending USD to a trusted company with an Escrow agreement. When the funds are verified, the smart contracts are instructed by API to issue an equivalent value of USD to your public address.
Step 01
User Submit Wire to trust the company with crypto wallet information
Step 02
The trust company sends a signal to StableCoin smart contract verifying the purchase
Step 03
Corresponding StableCoin is sent to User’s crypto Wallet
Redeem Process
A KYC/AML check must be conducted to redeem a USD. Followed by this, users need to send USD tokens to the smart contract from a registered address, which will prompt the escrow bank to disburse the funds. This ensures that the USD system isn’t touching the funds and trust companies do all the purchase and money receipts through Escrow accounts.
Step 01
Corresponding StableCoin is sent to User’s crypto Wallet
Step 02
The trust company sends a signal to StableCoin smart contract verifying the purchase
Step 03
User Submit Wire to trust the company with crypto wallet information
contact
us
Have a Project in mind?
Let’s make it happen
