‘’, ‘’. This superhero is known by many names and has created hype so unsurmountable, even Captain Marvel find it a struggle to compete with. Yes, I am talking about stablecoins and the heroic powers it possesses.
The release of JPM Coin by banking behemoth JP Morgan on Feb. 14 sent a clear message to every player in the traditional finance industry: is here to stay and it’s time to get in the game. The announcement came as a surprise to crypto enthusiasts mostly because its CEO, Jamie Dimon, has long been notorious for his anti- stance. What was it that made Jamie Dimon change his tune? Well, the answer is simple: are the gateway to an economy immune to hyperinflation, and here is the reason why:
Broadly speaking, inflation can be classified into two categories:
(a) monetary inflation: increased money circulation
(b) price inflation: increased price levels
When the economy hits rock bottom, the conventional response from the government almost always come along the lines of increasing money supply. Venezuela and Zimbabwe are two of such examples. As time culminates, the notes printed become virtually worthless and prices spike, leading to extreme inflation.
In the case of , supply control is far from the grubby hands of political elites. Not only is supply fully decentralised and limited by codes in the coins’ protocols, the total in circulation is well within grasp which makes for accurate projection of its demand and supply. Additionally, any rule or made is transparent to the public at any point in time. If the success of fiat-based economies depends on central banks and their opaque policies, then the crypto economy mitigates this risk by removing the need to trust them altogether.
However, have their drawback — they are extremely volatile. Hence, the need for a superhero to swoop in and save the day: stablecoins. Not just any other stablecoin but the stablecoin 1SG.
Why 1SG?
Stablecoins as we all know are digital pegged with a stable asset to ensure its low volatility. These assets can range from material goods like gold to fiat currencies like the USD. Currently, most stablecoins saturating the market such as USDT, TrueUSD, USDC, Dai and Tether are pegged to the USD. This presents a disadvantage as the sheer volume of stablecoins pegged to the USD may adversely affect the price of the US dollar, especially with a looming dollar inflation ahead due to an increase in deficit spending and printing of treasuries.
1SG, on the contrary, is a stablecoin pegged to the national currency of Singapore, SGD. Singapore has long been dubbed the “Asian Tiger” for its aggressive economic growth throughout the years. With GDP records climbing off the charts and an annual increase in GDP with little financial debt, SGD is proving to last through the greater economic crises and has even emerged on equal footing with the Australian Dollar (AUD) earlier this year.
With the security of the SGD, and its high liquidity and frictionless spendability, 1SG is definitely a stablecoin too good to be missed. What are you waiting for? It’s time to start your journey with 1SG today!
About 1SG:
1SG is a stable coin, issued by the Mars Group which overcomes the problems of today’s , while providing open, transparent, efficient KYC/AML process. With the key features of stable value and high liquidity, Mars is a start-up committed to becoming a leading stable coin in global market. 1SG circumvents the volatility of other major by maintaining a fixed peg to $1 SGD through financial markets.
For more details, check out
For more information on 1SG, keep up with its following social media:
Telegram:
Reddit:
Twitter:
Instagram:
YouTube:
To trade 1SG now, head over to these exchange platforms:
P2PB2B:
BitMart:
TOP.ONE:
Kryptono:
OEX:
Published at Mon, 04 Mar 2019 04:03:45 +0000
