Russian developers working on a tokenized cryptoruble to be used in cross-border trade.
Developers are working on a “cryptoruble” that, as they say, can improve Russians’ access to global exchanges and be used for cross-border payments. Defi platform Indefibank, which is behind the project, says the token will be pegged to the national fiat but independent from a state-issued digital ruble.
The plan is to issue the token through a decentralized smart contract with excess collateral, or based on the model employed by the DAI stablecoin, the executive explained. Its exchange rate with the Russian ruble will be 1:1. Quoted by the crypto news outlet Forklog, Mendeleev detailed: A user can either independently issue a cryptoruble by placing sufficient collateral in the form of stablecoins or cryptocurrency on the balance of a smart contract, or purchase it from an authorized exchanger for fiat.
The total supply will directly depend on the amount in collateral. Indefibank estimates the size of the potential market among private individuals at between 5 and 10 billion rubles . The cryptoruble developers expect other members of the crypto community to join the initiative and see the project becoming an independent decentralized autonomous organization (
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price DataStocks may be heading to new lows, as they track closely to the 2008 bear market slide. Meanwhile, a closer look at the crypto markets shows $BTC is outperforming $ETH post EthereumMerge, behaving as a steadier asset. Presented by cryptocom:
Weiterlesen »
Grayscale Declares Distribution of Rights to Ethereum Proof-of-Work Tokens With SEC – Bitcoin NewsThe crypto company Grayscale Investments has declared “distribution of rights to Ethereum Proof of Work Tokens.”
Weiterlesen »
Doodles' NFT Sales Volume Skyrockets After $54M Capital Infusion by Reddit’s OhanianDoodles, the Ethereum-based NFT collection, is on fire.
Weiterlesen »
Dogecoin and Bitcoin Are Now Biggest Proof-of-Work BlockchainsDogecoin, Bitcoin and Ethereum Classic are the top three proof-of-work cryptocryptocurrencies
Weiterlesen »
Ethereum Merge Causes Bitcoin Dominance Growth, Here's WhyHere's how Bitcoin dominance growth is affected by Ethereum Merge btc eth crypto ethmerge pos $btc eth
Weiterlesen »
Wall Street Veteran Believes Bitcoin and Ethereum Look 'Ominously' BearishProminent technical analyst Carter Worth predicted that the price of Bitcoin and Ethereum would head lower
Weiterlesen »