INTRODUCTION
Stablecoin is a cryptocurrency designed to minimize volatility at stable prices relative to some “stable” assets or a basket of assets. Stablecoin can be pegged to the currency or exchange-traded goods (for example, precious metals or industrial metals).
Most importantly, these tokens offer access to crypto-ecosystems that are built on the stability and durability of existing financial systems. And often, to help ensure stability, Stablecoin is guaranteed by other assets or coins. This is the point where QDAO appears.
QDAO Solution
The cryptocurrency guaranteed by the specified value provided by the QDAO solution is called "USDQ". All USDQ will be initially published on the ethereum blockchain as a standard ERC20 token. The USDQ unit issued for circulation is maintained at a ratio of 1/1 equal to 1 USDQ to 1 US dollar. USDQ can be used as bitcoin or another cryptocurrency that can be saved, spent or transferred. Thus, the fiat currency has acquired the property of cryptocurrency, and the price will be constantly fixed at the price of the fiat currency.
