PRESS RELEASE. IOST, an enterprise-grade, decentralized, and ultra-fast community oiled with the Proof-of Believability consensus algorithm, is integrating the HUSD stablecoin, based on an announcement on 13 Jan 2021.
HUSD is a protected and safe dollar-pegged stablecoin issued by Secure Common Restricted. Notably, IOST is the primary batch of Public Blockchains to help HUSD. To rejoice this milestone, the 2 corporations are gifting away 35ok HUSD completely for IOST customers.
The announcement highlights HUSD’s integration as a major milestone for IOST to construct its rising affect within the DeFi scene.
About HUSD Stablecoin
Issued by fintech firm Secure Common, HUSD is a protected and safe stablecoin pegged 1:1 to the U.S. greenback. Combining the soundness of the U.S. greenback with the effectivity of blockchain expertise, HUSD provides IOST customers entry to a protected, safe, and handy asset for remittance, commerce, funds, buying and selling, and plenty of different use circumstances.
The mixing of HUSD on the IOST blockchain is at its final stage of completion. As soon as accomplished, IOST customers will have the ability to deposit U.S. {dollars} of their account and obtain HUSD at a 1:1 ratio despatched to their most popular crypto wallets.
Terry Wang, CTO & Co-founder of IOST highlights:
“Stablecoin is a key to unlock a plethora of alternatives in DeFi- IOST’s space of focus & progress in 2020 & the upcoming 2021. IOST’s progressive & developer-friendly expertise which permits excessive scalability, quick transaction pace and 0 transaction charges make it an ideal selection for each DeFi builders and customers. We’re thrilled to discover the limitless alternatives that arisen from this collaboration with partnership and to proceed making IOST a house for DeFi”
Frank Zhang, CEO of Secure Common, mentioned:
“It’s a nice begin to the brand new yr to announce that HUSD can be quickly be supported within the IOST ecosystem, as larger cross-chain interoperability means higher accessibility for customers throughout a big selection of platforms and protocol, designed to fulfill their buying and selling wants. We stay up for seeing extra builders and communities as they proceed to discover the use circumstances for stablecoin and blockchain expertise at massive.”
HUSD stablecoin will play important roles in IOST’s DeFi use circumstances as a cost token, a retailer of worth, and a bridge between fiat currencies and cryptocurrencies. HUSD may also assist reduce the value volatility typically related to cryptocurrency buying and selling, enable particular person customers and institutional traders to simply construct and transact on IOST blockchain, in addition to participate in new liquidity swimming pools for future decentralized exchanges on IOST.
IOST- The Subsequent House for DeFi
For DeFi dApps to satisfactorily compete with conventional functions, the underlying community have to be quick, meshing completely with the target of the dApp launchers. Within the mid of the competitors, IOST — an enterprise-grade, decentralized, and ultra-fast community oiled with the Proof-of Believability consensus algorithm is constructing a strong portfolio by providing developer-friendly options and environments.
The IOST platform emerged as a response to the scalability drawback which it goals to sort out as soon as and for all. To that impact, it implements an array of applied sciences, together with the Proof-of-Believability algorithm, and high-performance digital machine expertise, all of that are supposed to supply greater TPS charges of as much as 8000 transactions per second.
As early as the start of 2019, IOST has began to put out a holistic DeFi ecosystem and continued to make inroads within the budding DeFi area with a number of strategic partnerships and rising on-chain initiatives from secure cash, decentralized exchanges, cross-chain transactions, lending, monetary derivatives, forecasts, and extra.
IOST provides developer-friendly options that enhance product improvement effectivity. No congestion and no excessive gasoline charges as seen in Ethereum, the explanation many builders select to launch DeFi initiatives on IOST. A zero transaction charge additionally ensures customers the comfort and accessibility of utilizing DeFi functions on the IOST chain.
IOST has additionally launched into a number of partnerships and just lately launched a $1 million DeFi fund for the event of the DeFi ecosystem.
To be taught extra about IOST, go to the web site and Medium web page for extra info on the blockchain challenge.
About HUSD
HUSD is issued by Secure Common and pegged 1:1 to the U.S. Greenback. Every HUSD issued is backed by a corresponding U.S. greenback held in a U.S. belief firm. An unbiased U.S audit agency conducts month-to-month attestations of the HUSD Token, and the attestation report is offered for public viewing on stcoins.com. Secure Common is devoted to creating HUSD secure, safe, and protected for our clients.
About IOST
Supported by Sequoia, Matrix, ZhenFund, and different main traders, IOST is an enterprise-level blockchain platform developed for on-line service suppliers.
The IOST challenge crew is at present primarily composed of R&D personnel specializing in blockchain distributed expertise. The crew is shaped by blockchain business specialists who’ve graduated from world high universities similar to Princeton, Stanford, MIT, Tsinghua College, and Beijing College and have greater than three years of blockchain-related analysis expertise.
With a two-year-old mainnet, IOST has swiftly risen to change into a world-leading public chain famend for its quite a few authorities collaborations and enterprise partnerships around the globe. IOST is among the Huge 4 public chains with a wealthy consumer base and actual applicability alongside Ethereum, EOS, and TRON. 500,000 group members, over 20 international locations worldwide, over 400 nodes, high staking economic system, and rising.
If you want to hang around with the IOST group on chat, social media, or to debate product improvement, there’s something for everybody:
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