#ROCKZ
Stablecoin space to face storm of disruption from ROCKZ, a coin backed by one of the strongest currencies in the world
The stablecoin space is to face a storm of disruption from ROCKZ, the first legally enforceable stablecoin backed by the Swiss Francs, one of the strongest fiat currencies in the world.
Those that have been trading cryptocurrencies for some time are well aware that the rampant volatility is a main obstacle to a large scale adoption. Recent surge in prices of digital assets have been followed by sharp price swings with an increasing market risk. The market clearly recognized the need for more stable alternatives which is driving the strong rise in the number of new stablecoin projects.
Moreover, there is also no “stable” reserve currency that is currently present to investors as an option today, with existing solutions in the market such as USD Tether [USDT] seeming to cause more problems than they can fix. They are not transparent, potentially meaning that around $1 billion, and one of the first entry pathways for new traders, is not completely collateralized.
Even the top coins in the market like Bitcoin [BTC] and Ethereum [ETH] are subject to volatility risk, leaving investors with no way to move away from all risks in the market. While multiple stablecoins have entered this space, very few are collateralized by actual assets or offer transparent operation. ROCKZ aims to disrupt the stablecoin space by offering a stablecoin backed by one of the strongest fiat currencies in the world: the Swiss Franc [CHF].
https://ambcrypto.com/stablecoin-space-to-face-storm-of-disruption-from-rockz-a-coin-backed-by-one-of-the-strongest-currencies-in-the-world/
Stablecoin space to face storm of disruption from ROCKZ, a coin backed by one of the strongest currencies in the world
The stablecoin space is to face a storm of disruption from ROCKZ, the first legally enforceable stablecoin backed by the Swiss Francs, one of the strongest fiat currencies in the world.
Those that have been trading cryptocurrencies for some time are well aware that the rampant volatility is a main obstacle to a large scale adoption. Recent surge in prices of digital assets have been followed by sharp price swings with an increasing market risk. The market clearly recognized the need for more stable alternatives which is driving the strong rise in the number of new stablecoin projects.
Moreover, there is also no “stable” reserve currency that is currently present to investors as an option today, with existing solutions in the market such as USD Tether [USDT] seeming to cause more problems than they can fix. They are not transparent, potentially meaning that around $1 billion, and one of the first entry pathways for new traders, is not completely collateralized.
Even the top coins in the market like Bitcoin [BTC] and Ethereum [ETH] are subject to volatility risk, leaving investors with no way to move away from all risks in the market. While multiple stablecoins have entered this space, very few are collateralized by actual assets or offer transparent operation. ROCKZ aims to disrupt the stablecoin space by offering a stablecoin backed by one of the strongest fiat currencies in the world: the Swiss Franc [CHF].
https://ambcrypto.com/stablecoin-space-to-face-storm-of-disruption-from-rockz-a-coin-backed-by-one-of-the-strongest-currencies-in-the-world/