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secure

01.

Stablecoins, usually pegged 1:1 with fiat currencies, are the best way to escape from hyperinflation, access faster settlement times, and make cheap cross-border payments.

02.benefits

Why Stablecoins?

01

Avoid the volatility of the crypto market without needing to cash out into fiat.

02

Protect your assets from hyperinflation by using a decentralized USD-pegged stablecoin.

03

Make cross-border transactions quickly, easily, and at a fraction of the cost compared to traditional methods.

04

Transfer value between blockchains by bridging stablecoins between multiple networks.

03.How to

Stablecoins on Rootstock

Get RDOC

Get DOC

Get XUSD

Use RDOC to mint xUSDand earn yield on Sovryn

Cross stablecoinsbetween blockchains

Stablecoins on RSK: Interoperability

Browse through Rootstock's short tutorials to learn everything about Stablecoins.

04.Prosper

How to get Stablecoins

01

You can mint the DOC stablecoin directly on the Money on Chain platform, and RDOC can be minted on the RIF on Chain platform.

02

The Rootstock <> Ethereum bridge can be used to bridge stablecoins such as DAI over to the Rootstock network (rDAI).

03

DOC, RDOC, and XUSD can also be acquired using decentralized exchanges such as Sovryn, as well as through a swap app like Liquality wallet.

04

For more information on stablecoins within the Rootstock ecosystem, check out the full Rootstock Stablecoins Video Series.

Types
05.Choose the right one

Types of Stablecoins

Commodity-backed01

Commodity-backed stablecoins are collateralized in a similar way to fiat-backed stablecoins, but use physical assets like gold, silver, or oil as collateral instead.

Crypto-backed02

Another common form of stablecoins are those that use cryptocurrency as collateral. This process generally utilizes decentralized on-chain smart contracts rather than a central institution.

Algorithmic03

Algorithmic stablecoins are different from other stablecoins in that they (theoretically) do not need any form of collateral whatsoever. Instead, they make use of algorithms and purpose-built smart contracts to control the supply of stablecoins on the market and maintain a stable price.

Fiat-backed04

The most popular form of stablecoins are those backed 1:1 by a fiat currency. Some form of central institution will hold a reserve of fiat currency (generally USD) in off-chain accounts and then distribute on-chain stablecoins of proportionate amount and value.