Carbon launches stablecoin designed with a unique algorithm
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The CarbonUSD is a compliant stablecoin available for institutional accounts, trades, and exchanges. Carbon is actively pursuing exchange listings for CarbonUSD. CarbonUSD is unique for its algorithmic model. The stablecoin will be composed of a basket of 'whitelisted' tokens that helps maintain its one-to-one peg to the U.S. Dollar. (Source: CoinDesk)
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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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