New Stablecoin Protocol Provides  Support For Non-
USD Cross-Border Transactions
It isn't a secret that things move fast in crypto, but what are investors to do
about it? The developers at Angle Labs have an answer to that question and
more with their Angle stablecoin protocol.
The Angle protocol promises to broaden the market for
Euro-based transactions, signaling a movement away
from stablecoins pegged exclusively to the value of USD.
Angle Labs is also seeking to provide capital efficiency
by creating a protocol with highly convertible assets,
rather than network-exclusive alternatives.
As blockchain technology has continued to
evolve, many problems have arisen as
competing networks and protocols battle for
supremacy, sometimes even splintering into
yet more networks and making the problem
worse.
Angle seeks to solve many of the
problems caused by a lack of
liquidity, especially in the context of
cryptocurrency loans.
Stablecoins can be particularly helpful in the loan-based financial sphere, as
they provide a consistent value rather than the constantly fluctuating
conversion rates of BTC, ETH, or others.
Angle's protocol offers a built-in
overcollateralization which can act
as a buffer in times of value
fluctuations.
The protocol has already been used to
mint agEUR, which has functioned as
designed so far and offers unprecedented
stability.
If you love crypto trading, Angle has proven to be a protocol worth
looking into especially if you are planning on loaning out your
assets.
The team at Angle Labs is composed of
experienced and knowledgeable crypto
devs and investment experts who have
proven to be consistently tuned-in to the
crypto space.
Disclaimer: This information does
not constitute investment advice or
any other kind of advice.
Find out more at
https://www.angle.mo
ney