Data show that the total market value of the stable coin market in 2018 was $2.3 billion, accounting for 1.1% of the entire cryptocurrency market. According to Blockchain's report, there are at least 57 stable currencies in circulation, but most of them are anchored in the dollar, a ratio of up to 66%, and almost none.
It is understood that the stable coin can be divided into "algorithm-type stable coin" and "stable asset-backed coin". Among the two, asset mortgage type can be divided into legal currency mortgage and cryptocurrency mortgage two kinds, the highest amount of financing of the algorithm-type stable coin, accounting for 50% of the total number of all stable coins, the traditional asset mortgage type, and the encryption asset mortgage type accounted for the least, only 9%.
In 2019, it is foreseeable that competition in the stable coin market will become more intense, and the RMB stable coin will certainly not be able to stay out of the way.
As a publicly recognised QC for a stable coin, the value has been maintained at 0.15USD equals 1CNY, which is bound to fit QuickCash's involvement in RMB stable coin.
It is reported that the 2019 QuickCash project will redevelop a new version of QC stable coin, based on digital asset pledge issue QC stable coin.
As the current Chinese official attitude towards the stable coin is still relatively conservative, anchoring the RMB stable coin has always only heard the stairs, because the QuickCash project side has been issued overseas, with the advantages of early entry to stable coin, as well as useful trading data, the 2019 QC stable currency may become a dark horse