Why A Stable Smart Contract?
A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into the blockchain. A stable smart contract is a smart contract backed by a stable coin, issued at the start of the contract. The code and the stable coin are contained therein, existing across the distributed decentralized blockchain network. The code controls the execution, and transactions are trackable and irreversible.
Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism. With our Stable Smart Contract, we even remove the need for insurance as the stable coin is issued 1:1 in the amount of funds sent into escrow.
While blockchain technology has come to be thought of primarily as the foundation for bitcoin, it has evolved far beyond underpinning the virtual currency. With the use of XUSD.Mint we can provide a 1:1 backed stable coin that does NOT change in value.The advantages of our smart contracts:
* XUSD.Mint 1:1 Stable Coin Backed and audited monthly.
* Self-executing contract directly written to the blockchain.
* Transactions are traceable, transparent, and irreversible.