IOTA ecosystem during the start: Dominik Schiener welcomes the introduction of Vusd - the new algorithmic stable coin from Virtue!

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IOTA und die Einführung von VUSD: Ein neuer algorithmischer Stablecoin Im IOTA-Ökosystem wird seit längerer Zeit der Ruf nach einem Stablecoin laut, da frühere Versuche, ein solches Zahlungsmittel zu etablieren, nicht von Erfolg gekrönt waren. In diesem Kontext kündigte Dominik Schiener, der Geschäftsführer der IOTA-Stiftung, die Entwicklung des algorithmischen Stablecoins VUSD durch das Projekt Virtue …
IOTA and the introduction of Vusd: A new algorithmic stable coin in the IOTA ecosystem has long been the call for a stablecoin, since previous attempts to establish such a means of payment were not successful. In this context, Dominik Schiener, the managing director of the IOTA Foundation, terminated the development of the Algorithmic StableCoins Vusd by the Virtue project ... (Symbolbild/KNAT)

IOTA and the introduction of Vusd: A new algorithmic stable coin

In the IOTA ecosystem, the call for a stablecoin has been loud for a long time, since previous attempts to establish such a means of payment were not successful. In this context, Dominik Schiener, the managing director of the IOTA Foundation, announced the development of the Algorithmic StableCoins Vusd by the Virtue project.

stable coins are digital currencies that are bound to a stable asset, such as a Fiat currency or raw materials. You are designed to minimize price fluctuations and offer high liquidity, which makes you an attractive choice for investors and users in the cryptocurrency market.

The introduction of VusD could play an important role in strengthening the IOTA ecosystem by offering users a stable and reliable payment method. This could be particularly important for applications in the areas of Internet of Things and decentralized financial services in which transactions often have to take place in real time and without high volatility.

Dominik Schiener's positive response to the development of the VusD shows that the IOTA Foundation recognizes the potential of such innovations and is willing to promote the growth of the network. The coming months could be crucial to observe how VusD is established in the market and whether it actually meets the needs of the IOTA community.

Overall, the introduction of the VusD could create a new incentive for users and developers in the IOTA ecosystem and help to increase the acceptance of IOTA as a platform for applications in the defi and IoT area.