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Qchain has recently launched the QSTN Stablecoin in an effort to expand the ecosystem built around their next-generation blockchain network.
The Qchain users can now access the QSTN token and its capabilities via the QNode application and operate with it through the QPayments solution.
QSTN Came to the Market
Qchain, the company building and expanding the next-generation blockchain network with the same name, has started offering the QSTN token, a stablecoin pegged 1:1 to the USD.
Although stablecoins have brought a glimpse of stability to the cryptocurrency market, the continued reliance on several dominant tokens has made way for an increased level of centralization and questionable practices. Due to that and other macroeconomic factors, we have seen unprecedented price volatility, even in the case of major stablecoins like USDC and USDT.
And, of course, the crash of UST and Terra does not help the case of stablecoins.
So, Qchain has brought the QSTN stablecoin to its community to give a new medium of exchange that support worldwide transactions and efficient payment solutions but with a cryptocurrency-backed asset that is fully transparent.
What does QSTN Stablecoin Bring?
As mentioned before, QSTN stablecoin is pegged 1:1 to the USD and is backed by various cryptocurrency assets.
The new stablecoin is fully secured by the next-generation blockchain, Qchain, which emphasizes decentralization and offers the following benefits:
- 0 volatility;
- Possibility of fixing a position/investment in a hard currency without the need to withdraw to a fiat currency;
- Extended availability, as you may just download a crypto-wallet;
- Transfers around the world;
- Minimal dependence on state organizations to avoid regulatory issues;
- Inflation protection, especially for the countries where people prefer stablecoins over the local fiat;
- Instant payments via the Qpayments payment system;
- Low transfer fees that only refer to token fees on the Qchain network;
- No bank account is required to access the financial system and decentralized products.
QSTN can be accessed through the QNode application in the swap tab, which is available on Windows, MacOS, Google Play, and IOS.
And through the QPayments solution, you can pay for goods or services in a couple of clicks from anywhere in the world.
Qchain is a fast-growing company building the next-generation blockchain with the same name. The Qchain blockchain is classified in the whitepaper as a 4th generation system meant to support tens of thousands of transactions per second, being comparable with Visa and MasterCard in terms of capabilities.
Although the network comes with unprecedented speed for a blockchain network, it still focuses on decentralization, gradually increasing its power as more bandwidth nodes are added.
Furthermore, Qchain is built to enable smart contracts, decentralized applications, and different kinds of cryptocurrency assets.
For more information about the project and the QSTN stablecoin, you can access the Qchain official website and join the community on their social media profiles on YouTube, Facebook, Twitter, LinkedIn, and Instagram.
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