CorionX and the Journey to Move Money in The Right Direction

Stablecoins, the utility tokens that power Decentralized Finance (DeFi) systems have seen a wave of media coverage lately, but what exactly are they and why are they so powerful in the DeFi marketplace? Stablecoins are a new class of cryptocurrencies that attempt to offer price stability either by algorithmic seigniorage or backing by reserve assets. They are designed to minimize the price volatility of the stablecoin relative to some “stable asset” or a basket of assets, by pegging to a cryptocurrency, fiat money or exchange traded commodities such as industrial metals or precious metals like gold. Corion Foundation, established in…

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