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e-Money NGM
NGM
0.03433
$
13.63 %
Change 24h
Market Cap
$ 2,715,286
Volume 24h
$ 718.53
Circulating Supply
79,132,585
Total Supply
122,268,279
NGM
$
Description
e-Money stablecoins are a further stage in the development of collateralized stablecoins, but with some great advantages of their own which truly set them apart.
Firstly, e-Money stablecoins are not prone to the many drawbacks and inherent instability of algorithmic stablecoins. e-Money stablecoins are collateralized in the same currency as which they are issued so the eEUR stablecoin is collateralized in Euros and the eUSD stablecoin is collateralized by US dollars. The simplicity of this system also means that currency-backed stablecoins are highly efficient and liquid.