RATE Group | Chinese Cryptocurrency Billionaire Set to Launch New Stablecoin – Coindoo
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Chinese Cryptocurrency Billionaire Set to Launch New Stablecoin – Coindoo

05 Dec Chinese Cryptocurrency Billionaire Set to Launch New Stablecoin – Coindoo

Posted at 21:59h in Cryptocurrency News by

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The current state of things in the crypto market has increased the need for more stable and less volatile cryptocurrencies hence Stablecoins. 2018 has seen the launch of several Stablecoins most of which are pegged against the USD. Even though the year is almost coming to an end, it doesn’t look like the news of new stablecoins will be subsiding any time soon. In light of this, Chinese cryptocurrency billionaire Li Xiaolai has recently announced the launching of a new stablecoin project.

New Stablecoin

According to the announcement the stablecoin project will operate through the Hong Kong-based blockchain fund Grandshores Technology.

Based on a recent report, Xiaolai himself will be very active in the developmental stages of the coin. He has plans to take part in all stages involving the creation of the coin right to its launching. The report also made it known that Xiaolai also has plans to create a DAG-Based database and other blockchain products.

Xiaolai has…

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