Custom Software Development

Tailored solutions for your unique business needs.

Software Consulting

Expert guidance to optimize your software strategies.

Software Development Outsourcing

Extend your team with top-notch external resources.

Software Product Development

Transforming ideas into market-ready software products.

Cloud Application Development

Scalable and flexible cloud-based software solutions.

SaaS Application Development

Building cutting-edge Software-as-a-Service applications.

Full Stack Development

Providing end-to-end solutions for your digital needs.

Progressive Web Apps Development

Web apps that offer seamless experiences across devices.

Enterprise Web Solutions

Innovative web solutions for enterprises.

Custom Website Application

Tailored web apps for your needs.

B2C website Development

Engaging websites for consumer success.

B2B Website Development

Empowering businesses with effective websites.

Ecommerce Solutions

Shopify

Bigcommerce

AI App Development

Intelligent apps revolutionizing user experience.

Unlocking the Power of Artificial Intelligence

At Hashlogics, we offer cutting-edge AI app development services that harness the power of artificial intelligence to create intelligent and innovative mobile and web applications. Our team of experienced AI developers and data scientists specializes in leveraging advanced AI technologies to build smart, intuitive, and personalized applications that deliver transformative experiences for users. Whether you need an AI-powered chatbot, recommendation engine, image recognition system, or natural language processing solution, we have the expertise to bring your vision to life.

iOS App Development

Crafting exceptional apps for iOS.

Android App Development

Innovative apps for Android platform.

Cross-platform app development

One codebase, multiple platform reach.

Hybrid app development

Efficient apps with hybrid technology.

Native app development

Optimized apps for native performance.

app support and maintainance

Ensuring app performance and longevity.

Transforming Ideas into Powerful Mobile Experiences

At Hashlogics, we specialize in mobile app development, creating intuitive, engaging, and high-performance mobile applications for iOS and Android platforms. Our dedicated team of mobile app developers, designers, and testers work closely with you to turn your vision into a reality. Whether you need a native app, cross-platform app, or a hybrid app,

Bubble.io Development

Creating dynamic web apps with Bubble.io

Empowering You to Build Apps Without Coding

At Hashlogics, we understand the need for businesses and individuals to rapidly develop and deploy applications without the complexity of traditional coding. Our no-code development services enable you to create powerful and fully functional applications using intuitive visual interfaces, drag-and-drop builders, and pre-built components. Whether you are a startup, small business, or enterprise, our no-code development solutions provide a faster and more efficient way to bring your ideas to life.

Wireframe & Interactive Prototyping

Visualizing ideas through interactive design frameworks.

Website Redesign

Revitalizing websites with modern design approaches.

Mobile App Redesign

Elevating mobile apps with enhanced design.

Responsive Design

Optimizing experiences across devices with responsiveness.

Mobile App Design

Crafting intuitive experiences for mobile users.

Crafting Engaging and User-Centric Digital Experiences

At Hashlogics, we specialize in UI/UX development, creating visually stunning and user-friendly digital experiences that captivate and engage your target audience.

Salesforce

Driving sales growth with powerful CRM.

Microsoft Dynamics

Streamlining operations with Microsoft Dynamics CRM.

Hubspot

Empowering businesses with comprehensive CRM solutions.

Zoho

Efficient customer management with Zoho CRM.

Streamlining Your Customer Relationships for Business Success

At Hashlogics, we offer comprehensive CRM (Customer Relationship Management) services to empower businesses with efficient and effective customer management solutions. Our CRM services are designed to help you better understand, engage, and nurture your customer relationships, resulting in improved customer satisfaction, increased sales, and enhanced business performance. Whether you need CRM software customization, implementation, or ongoing support, we have the expertise to meet your specific CRM needs.

Hire PHP Developer

Expert PHP developers for robust solutions.

Hire Python Developer

Skilled Python developers for versatile applications.

Hire Java Developer

Experienced Java developers for scalable solutions.

Hire Node js Developer

Node.js experts for high-performance applications.

Hire Dot Net Developer

.NET specialists for reliable software development.

Hire ROR Developer

Ruby on Rails experts for efficient web development.

Hire React Native Developer

Proficient React Native developers for cross-platform apps.

Hire Mern Stack Developer

MERN stack experts for full-stack development.

Hire Android Developer

Skilled Android developers for mobile apps.

Building Your Dream Team

At Hashlogics, we understand the importance of having a skilled and dedicated development team to bring your projects to life.

Health

Healthcare through innovative technology solutions.

Education

Enabling learning with advanced digital solutions.

Energy & Utility

Driving efficiency in energy and utilities.

Real Estate

Empowering real estate with digital innovations.

Media & Entertainment

Creating immersive experiences through innovative media.

SAAS Development

Building scalable solutions for modern businesses.

Our industry service solutions are designed to empower businesses, organizations

At Hashlogics, we offer industry-specific services tailored to meet the unique needs and challenges of various sectors. Our industry service solutions are designed to empower businesses, organizations, and individuals within specific industries to leverage technology and digital innovation to drive growth, streamline operations, and deliver exceptional experiences.

How to design Stablecoins in Cryptocurrency?

June 30, 2022

Content

How to design Stablecoins in Cryptocurrency?

Whenever we talk about cryptocurrencies, the first thing that came into our mind is the “volatility” that rolls out. One of the significant reasons for the growing popularity of  Bitcoin was that it eliminated the role of mediators in eCommerce. Bitcoin and Ethereum are two widely ruling cryptocurrencies in the market but have volatility. But businesses and consumers want to invest in a stable currency that can offer them long-run stability.

Then, Bitcoin was introduced into the market and started to fill this space for a while with the peer-to-peer electronic cash for the smooth transfer of digital assets. Because of Bitcoin’s volatility, its reliability and scalability as a medium of exchange have been reduced significantly. As a result of the price fluctuations, a new cryptocurrency called the “Stablecoin” has been developed. Stable Crypto Coin Development was introduced in the market with a stability feature.

Understanding the Stablecoins

A useful and trustworthy asset is a medium of exchange and a store of value that sustain its presence.

A stable coin fulfills all the criteria. Stablecoins in cryptocurrency is price-stable crypto coins that have a stable and reliable value like the U.S dollar. It means that its value can be fixed with another digital asset of the same value. Further, its a form of digital asset that aims to imitate traditional and stable currencies.

As the name suggests, a stable coin is a cryptocurrency backed by an underlying asset. Furthermore, Stablecoins can also be pegged to other assets in addition to fiat currencies, such as precious metals, cryptocurrencies, or even fiat currencies of exchange, like the Euro or US dollar.

As compared to other cryptocurrencies, Stable coins do not deal with the issues of extreme volatility. They utilize the benefits of cryptocurrencies, including immutability, transparency, security, fast transactions, digital wallets, privacy, and low fees, without losing the trust and stability provided by fiat currency.

How Stable Coins Can be Used?

  • Stable coins are used within blockchain systems to transfer assets and settle payments. Using stable coins generated by smart contracts, lawyers and accountants can automatically exchange their coins for the services they provide within the system without being bothered by exchange fees from a cryptocurrency to U.S. dollars, which can range between 0.7% and 5%.
  • Stable coins can also be used to form crypto money market accounts and to allocate assets for hundreds of cryptocurrencies.
  • People who provide essential services to maintain blockchain systems to store values can also use stable coins as it may be difficult and expensive for them to convert mined coins into traditional currencies.

Steps to design a stablecoin

● Select the Type of Stablecoin

There are a lot of Stablecoins in cryptocurrency in the market. The two of them are widely recognized; collateralized and non-collateralized Stablecoins. You also need to decide if you want to bring long-term stability. You should prefer algorithmic Stablecoin. But if you prefer short-term stability with a reliable underlying asset, collateralized Stablecoins are the way to go.

● Selection of Platform and Technology

After selecting the type of Stablecoin, you have to finalize the platform and technology used for the development of Stablecoin. Ethereum was once the only platform for building Stablecoins, but this is no longer the case. A total of 11 Stablecoins were available in 2016, while 10 more were added in 2017. But today, there are more than 70 Stablecoins, and 140 are in development.

● Maintenance of Liquidity

Maintaining liquidity is the prime focus of Stablecoin. If the concept of liquidity is not stable, the stability of Stablecoin is at higher risk. To ensure stability, you have to follow the following recommendations.

  • Integrate an automated monitoring system to offer daily currency rates, and index rates from the Consumer Price Index and Personal Consumption Expenditures.
  • Revenues from transaction fees should be split.
  • Protecting from the high supply, as it removes any incentive for sellers to market their stable coins at discounted rates on secondary markets.

● Finalizing the Design of your Stablecoin

Designing a Stablecoin refers to developing the flow of transactions of a Stablecoin and how the entire system will work. This step will also assist you to get the attention of your potential users. Your design will attract the user’s interest. Thus, it should be engaging and impressive. For instance, you have to develop a website or a mobile app to enable interaction with a stable coin.

● Development, Launch, and integration

The next step is developing your desired design into a stable coin. But before completing this step, you will require to have smart contracts. Ethereum is the most praised platform for the development of Stablecoins in cryptocurrency. After the development, make sure to test the quality of the developed product through a test net. If you may come across any issues in the testing process, fix them to launch a successful product.

Final Thoughts

It is an encouraging endeavor to develop Stablecoins in cryptocurrency in an environment where volatile assets are prevalent. Cryptocurrencies have always been aimed at creating lower volatility and more liquid digital assets.

Stablecoin is considered a crucial element in the crypto world since it facilitates frictionless transactions not only between parties transacting in cryptocurrencies but also between parties who may need to move between crypto and fiat currencies.

If you are looking to develop Stablecoins in cryptocurrency, Hashlogics is a Stablecoin Development Agency with high-end expertise in coin development. Contact us right away to launch your gold backed Stablecoins. Our Stablecoin Development Solution is trusted for the stability feature.

Follow Us On :

Want to work with us?

Latest Articles

Here are some of our latest articles

Ready To Get Started?​