Stablecoins

CIC will create its own stablecoin ecosystem for your business.

As the CIC Chain continues to grow, our team will develop our own pegged stablecoins, which can be used to liquidate assets on our exchanges. CUSD will be our first pegged coin, which can be freely traded on both our centralized and decentralized exchanges (CEX and DEX). We plan to utilize fees from both exchanges to expand the supply of any stablecoins we create continuously. Each pegged stablecoin will be backed 1:1 with its fiat counterpart, with no fractional reserve systems in place to prevent crashes.

To ensure a perfect 1:1 ratio is maintained, we will have a mint feature for each pegged stablecoin, and any coins liquidated to fiat will be burned. In the future, we aim to create additional pegged stablecoins such as Euro and GBP stablecoins. The stablecoins we create will enable businesses to keep their funds on the blockchain if they choose to do so. They can also be used to create a more stable liquidity pair for any tokens built on our chain.

By offering pegged stablecoins, we aim to provide a more reliable and transparent option for traders to move their assets in and out of cryptocurrency. Our approach to pegged stablecoins ensures the stability of our ecosystem while maintaining its integrity. We believe that our stablecoins, combined with our other features and services, will make CIC Chain a valuable addition to the world of blockchain technology.