2 min read
2 min read

The use of stablecoins has been on a steady growth trajectory since its inception. And experts say the year 2021 will be a year of implementing stablecoins into the business industry. Below are some large stablecoin projects which might make an appearance in 2021. 

  1. Zytara (ZUSD)

Zytara is a digital money project that will allow people to send and receive digital money just as easily as sending an email. Sending money will be quicker and easier than ever before, leading to many new developments in the Esports world. ZUSD will be backed on a 1:1 basis for one basis with the US dollar, making it easy for people to convert and send for any transaction. Zytara will first be brought to the Ethereum blockchain but will have the functionality to work on several different blockchains in the future. 

  1. AgeUSD

Being developed by the same people who created the Cardano blockchain, AgeUSD is supposed to launch later this year. AgeUSD can help investors be safer from market volatility when investing in CDPs (Collateralized Debt Positions) on the Ethereum blockchain. The project is still in the works and will launch on the Cardano blockchain for testing this year. 

  1. Walmart Stablecoin

The Walmart stablecoin may or may not launch in 2021, but the company has already developed the coin and is simply waiting on the patent. It’s unclear what the Walmart stablecoin will look like since Walmart is the first big retail market to develop one. But Walmart is most certainly paving the way for numerous other traditional companies to build their own branded stablecoins.

  1. Groupe Casino Stablecoin

Groupe Casino is a French retail company that oversees more than 11,000 stores in France and Latin America. Like Walmart, Groupe Casino also plans to launch a stablecoin in 2021 to strengthen its loyalty program. Having a stablecoin will make it easier to track and earn customer rewards than ever before. Groupe Casino has not announced the blockchain of choice for their stablecoin, but they plan to peg it to the Euro on a 1:1 ratio. 

Of course, these aren’t all the projects which are launching in the coming year, but these are the ones businesses should use as a reference! If you have questions about implementing stablecoins in your own business, contact us at https://www.stably.io/contact/.

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