The Carbon released the US dollar-pegged CarbonUSD as the maiden stablecoin on the EOS platform. The shifting of the CarbonUSD token to the EOS blockchain would enable users to experience faster settlement at a lower fee. Reportedly, the fiat currency deposits with the Nevada-based Prime Trust would be used for the creation of new CarbonUSD tokens.
The Carbon crypto company has recently unveiled the stablecoin called CarbonUSD, an Ethereum-based coin. The co-founder of Carbon, Miles Albert stated, “We plan to whitelist our algorithmic stablecoin into the ‘metatoken’ structure after CarbonUSD has reached sufficient scale and liquidity.” He believes that the attainment of $1 billion market cap would bring the transition to Carbon.