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Carbon USD Stablecoin Brings Inter-Blockchain Communication To Stablecoins Between Ethereum and EOS

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Carbon USD is a U.S dollar-pegged token that launched in September. The token was initially based on the ERC-20 platform Ethereum offers, now Carbon is expanding and bringing its stablecoin to EOS.

This makes Carbon the first stablecoin available on the EOS network.

The token can now be swapped between Ethereum and EOS, they provide users with the ability to interact with their EOS contract which includes the smart contracts to redeem Carbon 1-1 to real USD.

The company states the benefits of having Carbon on EOS brings “even lower fees and faster settlement than on ethereum,”

Sam Trautwein, CEO and co-Founder of Carbon said:

“We are honored and excited to be the first stablecoin on EOS and to play such a crucial role in such a burgeoning ecosystem. Stablecoins are critical infrastructure for value and we think providing this to EOS further enhances the ecosystem.”

Early access to the token is being given to institutional investors, hedge funds and exchanges. The company is using Nevada-based Prime Trust to take fiat deposits and issue new Carbon USD tokens.

 

Dapps

BancorX Brings Inter-blockchain Communication To EOS and Ethereum

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Announced in a Medium post, LiquidEOS alongside Bancor are launching BancorX, a cross-chain liquidity network bridging between EOS and Ethereum.

Traders are able to migrate their Bancor BNT tokens in between the Ethereum and EOS blockchain with instant conversion done by the BancorX Dapp.

Eyal Hertzog, Bancor’s Co-founder and Product Architect, revealed details about the system’s architecture: “BancorX is based on the ability to move BNT — Bancor’s Network Token — between blockchains. This cross-chain functionality increases the utility of BNT as an inter-network token, connecting the EOS and Ethereum ecosystems today, and vastly more blockchains in the future.”

 

Bancor cited that the unique features of the EOS blockchain make it a great expansion to their liquidity pool and trading Dapp.

  • One-second transactions (as opposed to > 10 seconds on Ethereum)
  • No transaction fees (as opposed to gas on Ethereum which can reach upwards of $50)
  • No front-running risk (EOS transactions are not prioritized by gas fees as they are on Ethereum)

Bancor is unlike a traditional DEX or exchange as its liquidity network allows users to convert tokens frictionlessly without the need to find a counterparty for trade. There are no orders books for buying and selling, Bancor uses transparent algorithms and automated deposits to manage liquidity and enable continuous conversion of one asset into another

Bancor has now brought this liquidity network to the EOS blockchain and users can trade their EOS coins for a variety of EOS based tokens, popular EOS projects BetDice(DICE), Everipedia (IQ), MEET.ONE (MEET) and Chaince (CET) are among the first to be available with instant liquidity on the EOS version of Bancor, which users can access instantly via the EOS Scatter wallet.

You can instantly convert EOS based tokens using Bancors liquidity pool here: https://eos.bancor.network/
You can instantly convert Bancors BNT token between EOS and Ethereum here: https://x.bancor.network/

 

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