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Author Topic: Best blockchain to create stablecoin ? Any ideas?  (Read 143 times)
lumbanrang
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July 20, 2022, 08:42:11 AM
 #21

I want to create usd or gbp eur stable coins.
Is tron best option ?
Also how the exchangers will add my stable coin their ecacnger like usdt or usdc ?

To be honest, it would not be easy to create stablecoins at this time, especially since the LUNA case, nowadays users and exchanges have become more selective in choosing stablecoins. But if you want to actually develop a stablecoin my suggestion is to develop it into multiple chains, so that your stablecoin is not confined to the TRON network. Things about your smart-contract, auditor, and stablecoin mechanism are also important, because this is one of the considerations for users and exchanges, because you have to be able to prove that your stablecoin is free from manipulation and is actually backed by real assets.

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July 20, 2022, 01:21:57 PM
 #22

I want to create usd or gbp eur stable coins.
Is tron best option ?
Also how the exchangers will add my stable coin their ecacnger like usdt or usdc ?

So i should i have investors do that right ?
They invest and if coin siccessful they get fiat airdrop...not bad right?

I would say that right now, Binance Smart Chain is the most ideal option, I wouldn't say the best because the best platform would be still be Ethereum, but the crazy gas fee, creating your project in Ethereum would cost a lot of many, moreover the ETH price right now is a bit high. BSC has low fee compared to ETH, the other alternative would be Avalanche, I would prefer it compared to Tron,

All that being said, seems like you are not an expert in crypto and building stablecoin is not simple and cheap, you will need huge amount of fiat capital to backup your coin, not to mention developing the code .etc, so seems like you still have a long way to go.

coinerer
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July 20, 2022, 02:05:54 PM
 #23

I want to create usd or gbp eur stable coins.
Is tron best option ?
Also how the exchangers will add my stable coin their ecacnger like usdt or usdc ?
You can create a smart contract by Ethereum, Binance Smart chain or Tron.  There chain are much popular and it can create a high quality smart contract with high security.  and any exchanger can added your peg on there exchange by your creating smart contract.  it is easy to create a altcoins or peg but it is difficult to keep your coin price stable


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tygeade
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July 20, 2022, 09:58:21 PM
 #24

I want to create usd or gbp eur stable coins.
Is tron best option ?
Also how the exchangers will add my stable coin their ecacnger like usdt or usdc ?
You can create a smart contract by Ethereum, Binance Smart chain or Tron.  There chain are much popular and it can create a high quality smart contract with high security.  and any exchanger can added your peg on there exchange by your creating smart contract.  it is easy to create a altcoins or peg but it is difficult to keep your coin price stable
I would say tron would be "best option" in this case because if you are dealing with stablecoins, you want as little transaction fee as possible. I do not disagree with your ERC20 approach, it's still used a ton, many people do, but to things such as USDT because they are already giants, I highly doubt things that are starting brand new would get in that easily.

Secondly and most importantly, stablecoins would work in multiple chains and without a problem. I can send USDT to someone from erc20, bsc, trx, and many other chains, why? Because everyone does agree that it's something that works and trust it. This is why it's definitely something every new project should aspire to be.

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July 22, 2022, 03:31:10 PM
 #25

I want to create usd or gbp eur stable coins.
Is tron best option ?
Also how the exchangers will add my stable coin their ecacnger like usdt or usdc ?
You can create a smart contract by Ethereum, Binance Smart chain or Tron.  There chain are much popular and it can create a high quality smart contract with high security.  and any exchanger can added your peg on there exchange by your creating smart contract.  it is easy to create a altcoins or peg but it is difficult to keep your coin price stable
I would say tron would be "best option" in this case because if you are dealing with stablecoins, you want as little transaction fee as possible. I do not disagree with your ERC20 approach, it's still used a ton, many people do, but to things such as USDT because they are already giants, I highly doubt things that are starting brand new would get in that easily.

Secondly and most importantly, stablecoins would work in multiple chains and without a problem. I can send USDT to someone from erc20, bsc, trx, and many other chains, why? Because everyone does agree that it's something that works and trust it. This is why it's definitely something every new project should aspire to be.
Not many people take Tron serous though because of its founder, the amount of scams on the chain, and some big blunders like not opening their chain to all tokens to bridge. Tomochain and Secret had the same problem. They introduced bridges but only allowed a handful of tokens to bridge. Meanwhile, projects like Polygon and CNDL with open bridges have thrived in comparison.
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