Havven to release USD backed coin

Stable coin nUSD for the Havven network is coming out on June 11 and will offer a solution to price volatility
04 June 2018   999

Havven is releasing its stablecoin nUSD on June 11. The release marks the launch of the Havven network. nUSD is claimed to provide a mechanism to mitigate the price volatility in the blockchain ecosystem. The network itself is notable as it uses a peculiar stability mechanism that rewards havven-holders for providing stability to nomin users.

Havven is collaborating with intimate.io, Swapy and Deconet to make use of nUSD on the aforementioned platforms. First nomin iteration - eUSD, can still converted into ETH (vice versa option is deactivated prior to nUSD release). eStore, an eCommerce platform with nomins support is closed to public until the release of nUSD.

Havven is a decentralized payment network where transactions fees are collected from users of the network. At the moment of publication, the Havven market parameters are as follows:

Average price 0.575490 USD
Market cap 35,073,679 USD
Volume (24H) 1,493,690 USD

Binance to Launch BTC-Pegged Own Chain Based Token

In this way exchange wants to transfer crypto based on own blockchains to its ecosystem and  increase liquidity and trading volumes at Binance DEX
17 June 2019   157

In the coming days, Binance Exchange will launch a series of BEP2-tokens, tied to different cryptocurrency rates, on its own Binance Chain blockchain. The first token of this type will be BTCB - its rate is tied to Bitcoin.

BTCB is backed with bitcoins located in Binance reserves. The address for storing bitcoins has already been made publicly available, so that users can verify that the token has the necessary support.

In the future, the BTCB / BTC trading pair will be launched on Binance.com. With its help, users will be able to convert the original cryptocurrency into the Binance Chain token. The price spread in this case will be about 0.1%.

According to Binance, in this way it can transfer cryptocurrencies based on its own blockchains to its ecosystem and currently not represented in the Binance Chain. The company expects the launch of new tools to increase liquidity and trading volumes at Binance DEX.

While this approach is more centralized than atomic swaps, we believe it provides a higher degree of ease-of-use to most traders. And most traders are already trusting Binance.com to hold their funds anyway.

Binance Team

To date, Binance has independently reserved 9,001 BTC and released 9,001 BTCB. The BTCB / BTC trading pair on Binance.com will tentatively appear within a day, and an asset will be added to Binance DEX after approval of the relevant offer.