Havven, a decentralized payment network and stablecoin, has launched nUSD, the first full version of its stablecoin.
Havven is seeking to provide a decentralized and scalable solution to price volatility. nUSD, which is pegged to the US Dollar, is the first nomin, the stablecoin in the Havven system. Havven plans to release nomins for a variety of global currencies by the end of 2018, including nEUR, nAUD, nJPY, and nGBP.
Havven’s dual-token design enables a stable solution that is decentralized, asset-backed, and on-chain. Nomins are backed by the value of the collateral token in the Havven system, havvens. The value of havvens comes from small fees that are generated by all nomin transactions, which rewards havven holders for staking the system. The value of nomins is kept stable by havven holders, who are incentivized to control the supply with the proportion of fees they will receive.
Havven’s founder, Kain Warwick, is confident that the release of nUSD fills a large gap in the current cryptocurrency ecosystem.
Price volatility is still a major issue that’s yet to be solved.
The release of nUSD is a major addition to the stablecoin space, which is still …
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