RATE Group | Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash
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Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash

23 Jul Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash

Posted at 01:32h in Bitcoin News by

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On June 12, the Honestnode team announced the release of a new stablecoin project built on top of the Bitcoin Cash network called Honestcoin (USDH). The new token was made using the Simple Ledger Protocol (SLP) and recently launched on the cryptocurrency trading platform Coinex. This week news.Bitcoin.com spoke with the founder of Honestnode, Jian Shi, to learn more about this new stablecoin.

Also read: Coinex Exchange Lists the first SLP-Based Stablecoin Built on Bitcoin Cash

A Discussion With the Founder of Honestnode

Over the last few years, stablecoins have become a popular vehicle within the cryptocurrency landscape and since the birth of tether (USDT), there’s been a decent number of launched stablecoins on networks like Omni Layer, Ethereum, and Tron. These stablecoins have been collateralized in different ways.

Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash

Now the Bitcoin Cash network has a stablecoin called honestcoin (USDH) which was created using the SLP platform by the Honestnode team. USDH…

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