Havven to Launch nUSD Stablecoin on EOS Blockchain
August 9, 2018
Blockchain startup Havven, aimed at the development of solutions for cross-chain transactions, is planning to bring their already launched stable cryptocurrency coin nUSD (NUSD) on the EOS blockchain. The startup plans to launch their cryptocurrency on a new blockchain this year, Coindesk reports.
Havven developers say, that their goal is not to move their coin to another blockchain, but to issue a separate one in order to offer two cross-chain stablecoins.
Founder of Havven Kain Warwick said in a statement:
“At this stage, cryptocurrency is still in its infancy, so it's not clear which blockchains will manage to scale. For this reason, it's important that projects providing blockchain infrastructure plan to provide cross-chain compatibility, so their success isn't bound to the success of whatever chain they've chosen.”
A stablecoin is a cryptocurrency that pegged to a stable asset to maintain its price and provide stability to the market. For example, MakerDAO has teamed up with tradeshift to use its stablecoin Dai (DAI) to speed up transactions for small businesses around the world