For now, this guide focuses mainly on the migration from SVN to git in order to help everyone get on a solid footing with the move to GitHub. BSC News - Elephant Money - Introducing the TRUNK Stablecoin. 14 billion. Unlimited NFT's. Yea, stable coins are better ways to earn passively, without any fear of volatility, most DeFi protocol like Celcius, crypto,com & Blockbank offers different rates, but Blockbank's rate seems to be the best, as you get 10% apy on stables, and the reward comes on a weekly basis. Press J to jump to the feed. Fiat currency, crypto-backed, and algorithmic functions usually serve as backers of stablecoins. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. Crypto volatility, both long term and short. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. Price Stability Formula. Elephant Money Stable (TRUNK) Services. S. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. This being the case, it is inevitable for modern-day innovations such as crypto to borrow traditional finance market concepts to advance the use of money. The token is tied to the USD on a 1:1 ratio,. Token Holder Distribution. We are working with our partners at Certik /InsurAce to investigate. QiDao is currently incentivizing the protocol so you’ll get a weekly drop of Qi to sweeten the deal. Decentralised finance, or DeFi for short, is a system in which customers can access financial products directly on a decentralised blockchain network, without the need for middlemen such as banks and…Elephant Money is a unique financial ecosystem that aims to implement a voluntary, sustainable, and permissionless global economic engine. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. TRUNK's market cap is $7. Elephant Money Futures Vaults. ELEPHANT is Elephant. USD coin ( USDC) is a fiat-backed stablecoin launched by the Centre Consortium. S. With trunk, you are able to compound your earnings when you stake your trunk. Elephant Money Stable (TRUNK) Services. Elephant Money Farms. ”. Official Trackers. 93K Followers. dollar. Yahoo - ELEPHANT. Money and InsurAce. , one unit of a dollar-pegged stablecoin may be equal to $1. Price manipulation: Fintech: CC: N/A: Link: Elephant Money, ELEPHANT, TRUCK: 87: 12/04/2022--Anonymous: Ministry of Culture of the Russian. Check answer Show a letter Show answer. ELEPHANT - Live Coin Watch. What are stablecoins? Stablecoins are essentially cryptocurrencies that are. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. TRUMPET. A Monday report from the President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation and the Office of the Comptroller of. Palladium Coin. . The stablecoin is named TRUNK. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. ELEPHANT. Step 4: Swap 34,244,200,239,512. November 7, 2023 at 12:38 PM PST. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. There are two primary means stablecoins achieve this stability, collateralization and algorithms. Start raising the memory clock little by little at +50 MHz intervals. It uses a proof-of-stake (PoS) system where the native Terra’s LUNA token is staked for mining Terra transactions. 2. Suzxy •. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. Decentralized finance ( DeFi) protocol Curve Finance deployed its highly anticipated native stablecoin called crvUSD on the Ethereum mainnet Wednesday afternoon. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . USDT, or Tether Limited, was conceived of in January 2012. Inaczej mówiąc, podobnie jak w przypadku kontraktów. 727 likes · 4 talking about this. TRUMPET. Summary. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . Step 4: Swap 34,244,200,239,512. The coins are collateralized with cryptocurrency assets and the value can be determined from those assets. 0 coins. Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Stablecoins, as the name suggests. Check out a working copy from a repository. The first year was the worst offender, because it paired spindly hinges with tree-trunk-stable click joints. Elephant Money, a stable coin platform that uses the TRUNK token became a victim of the flash loan attack, which manipulated a token price oracle leading to a loss of $22. ”. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. ELEPHANT - Nomics. In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. Differing from normal cryptocurrencies, stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including the U. Crypto-collateralized stablecoins. 55mil trunk over the next year. Trunk Staking & Stampede Bond. The project aims to offer services to those who need wallets to keep their cryptocurrencies safe. Elephant Money’s ‘TRUNK’ Token — How To Turn $1 To $26k+ At Odds Of Just 900/1 Elephant Money: How To Win In The Ecosystem For A Potential 100X. According to Sun, TronDAO “will deploy $2 billion to fight them. Stablecoins offer a way to bridge the gap between fiat currencies like the U. Official Trackers. 2 million in equivalent has been permanently lost. S. Tether tokens were designed by the BitFinex crypto exchange platform. For example, in the U. Each fiat-backed stablecoin is tied to. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . And as the media increasingly covers the subject, many people are left wondering: What is stablecoin? Stablecoins are an attempt to create a cryptocurrency token with a stable price. The most commonly used and referred to stable coins are those that are pegged to one U. As you can clearly notice, the working of an algorithm-based stablecoin depends profoundly on an algorithm. Algorithmic stablecoins. The price increased by 100. If you bond 10k trunk and claim 1 day, compound 1 day, etc. This means, by purchasing the stablecoin, that the trader is essentially holding gold. Count Withdrawn. share. The ELEPHANT. Stampede Perpetual Bonds. ”. io partner to secure stable coin yield Elephant. Unlimited NFT's. dollar. , was backed 1:1 by cashlike holdings — but then it disclosed in July that 40 percent of its holdings were actually in U. io to mitigate smart contract risk. bsc. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Fiat currency digital asset is the most popular use case for stablecoins. Read more. Less than two years into its existence, BUSD is already the world's third-largest stablecoin by market cap, behind USDT and USDC. November 16, 2023 at 5:51 AM PST. dollar, is the second-largest stablecoin in circulation and the fourth-largest token of any kind. Shockenomics, derived from the words ‘shock’ and ‘economics,’ is when a Supply Shock meets a Demand Shock in regards to the valuation of cryptocurrencies. Gold and silver are the most popular commodities kept as the underlying collateral. 58% on a DRIP/BUSD stake sounds pretty good…until you realize that the stake value is draining because of the falling value of Drip. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. Choose a Stable Asset: Choosing a stable asset is a critical step in creating a stablecoin because the value of the stablecoin is closely tied to the value of the underlying asset. 4. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. If a stablecoin’s owner wants to cash out the coin, the real money can. 5 billion from January 2022, while USD Coin (USDC) and Binance USD (BUSD) gained market share. The most popular stablecoins today use a centralized model and back new token issues with fiat currency at a one-to-one ratio. The most popular kind of stablecoins are fiat-backed stablecoins. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. . According to Benzinga, these are the types of stablecoins currently available: commodity-backed stable coins, cryptocurrency-backed stablecoins, fiat-backed stablecoins, and seigniorage-style. The total market capitalization of this coin has reached $32 billion. Stablecoins have their limitations, depending on the. The stablecoin allows investors for easier and anonymous. It's picked up popularity as more crypto wallets, platforms and. While the information is valuable, it may be hard to digest for those. Check the charts, TRUNK to USD calculator, and more on Coinpaprika. 1. ELEPHANT is the other token for the protocol. If a stablecoin has issued $1 million of a coin pegged to the US dollar, then that stablecoin should. 1. The “international. While many of these projects use fiat to create their peg, the systems creating that peg can be different. Stablecoins aim to maintain their pegged rates using different means. Algorithmic stablecoins are innovative mechanisms that can elevate decentralized finance. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. 8 [ solutions of mathematical optimization problems of the form. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. ELEPHANT. Next - Overview Elephant. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. 80 to $1. Elephant Money Stable (TRUNK) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20)Join us on social networks. Elephant. How stablecoins get their stability. 12 July 2023, 18:55 GMT+0000. So this is like 20 steps but since it’s polygon it’s cheap to do. A stablecoin is a crypto coin that should be worth $1. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. The ELEPHANT. dollar) or a commodity like gold. The main reason to buy and hold stablecoins. , one troy ounce of gold) and be collateralized by that commodity or a combination of that commodity and other collateral in an amount equal to the face amount of outstanding coins. It was created in partnership between the largest and most trusted companies in the crypto space, Binance Exchange, and Paxos Trust Company. For the majority of the time since the exploit expenses were covered out of the foundersfrom a user or third-party. 1. Trunk. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. They aim to offer all the benefits of. Sooke, BC. Stamp bonds are tied to your wallet and can be added to at any time. 1%. Enhancing the safety of the Libra payment system with a robust compliance framework. Consider buying stablecoins for crypto transfers or if you want to lend crypto. Since crypto is a volatile market and stability is a far-fetched dream, these crypto-backed stablecoin are often over-collateralized to compensate for the volatility in the value of the underlying cryptocurrency. Our easy to use TRUNK / USD Converter will calculate any amount you wish at the real-time exchange rates. A stablecoin is a cryptocurrency designed to maintain a steady value by being tied to a more stable asset like a traditional currency or gold. Each Tether token (USDT) is supposed to be “tethered” to one U. Forgoing the future transition to a permissionless system while maintaining its key economic properties. You. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . ELEPHANT - Coingecko. Jun 1, 2022 10:13AM EDT. kids and a stable income helped, but i think the sets got a lot better from 2000 to 2010. 25 billion but is widely distrusted by crypto exchanges and traders. 2 million worth of Binance Coin. Unlimited NFT's. S. Enable stampede, authorize the transaction, and proceed to bond the desired amount of TRUNK coins. Whereas bitcoin’s price fluctuates sharply, stablecoins are designed to be wor. Here’s an excerpt from the whitepaper: The Elephant. S. #2. 2,848 likes. It eats the leaves of trees, and it has a long neck. Nevertheless, it remains one of the most popular stable coins available, with a large market cap and high trading. złota, srebra czy ropy naftowej. Elephant Money Stable (TRUNK) Services. ELEPHANT is used to generate yield for TRUNK and support the peg. Elephant Money - Introducing the TRUNK Stablecoin. 56% daily. The stable-coin project built by Keefer Taylor and Luke Youngblood will fill a much needed void that is currently placed around many different stable-coins that are either still under development or custodial. 2 min read. Coins. They can be linked to the cost of commodities including gold, silver, oil, diamonds, real estate, and more. Release is a one-to-many association with trunk. The opposite can be said about stable coins. Why are none of these knowledgeable 'Tubers' talking about the difference? Some are obviously promoting certain Dao's they. Creating a system where users can trade. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. ELEPHANT - CoinMarketCap. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. This type of cryptocurrency — ostensibly backed one-to-one by a stable asset like the dollar, making it more practical as a means for trades and transactions — is booming, with some $130. S. This comprehensive system provides users with opportunities for yield. 4. The fact that stablecoins are pegged to an external reference, often a fiat currency, keeps their market value stable. Elephant Money Farms. 9. Stampede bonding trunk you get 205% and daily compo. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. Put text in, get vibrant video content out—Stability AI joins the fray with Meta, Runway and Pika Labs. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token (ELEPHANT), and a stable coin (TRUNK). Some stablecoins are pegged to a fiat currency such as the U. Turn on the mining software without overclocking. Elephant Money Stable (TRUNK) Services. Scam News. TRUNK has never gone to zero and the system dynamically adjust yield generation based on the percentage to peg. Relative to fiat currency, stablecoins come with a handful of benefits: Accessibility: Stablecoins are globally accessible to anyone with an internet connection and are functional 24/7. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. It is designed to find (local) solutions of mathematical optimization problems of the form. This stability is commonly achieved by pegging the token to an asset such as gold or fiat currency. The stablecoin cryptocurrency system is grounded in a unique philosophy of what constitutes the best institutional arrangement for generating trust in money. Decrypt • Nov 22, 23. However, algorithmic stablecoins, for now, feature as opportunities. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. The DeFi projects token on the Binance Smart Chain dropped suddenly and hard leaving those in the platform no time to take correcti. The crypto ecosystem is ever-evolving. 1/8 The STABLE Act would represent a huge step backwards for digital currency innovation in the United States, limiting the accelerating progress of both the blockchain and fintech industry. Elephant Money - Introducing the TRUNK Stablecoin. S. . We update our TRO to USD price in real-time. Similar Coins by MCapStablecoin is essentially an attempt to create a cryptocurrency that is stable. Binance USD (BUSD) Not to be outdone, crypto. The majority of the dozens of stablecoins that currently exist use the dollar. Written by Crypto And DeFi. Make Sense? Highest rate I have seen is elephant. And with stable coins I use Elephant. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. The most promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. Licensed by the New York State Department of Financial Services, the stablecoin boasts a transparent 1:1 backing by U. Digital currency company Circle says it’s changing the makeup of its dollar-pegged stablecoin’s reserves to just cash and U. A guide to fiat-pegged cryptocurrencies. 73mil in bonds which will require the system to pay out 3. StoriesIn a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. The security of a non-volatile digital tender which is both backed up by a national currency and by blockchain sounds like a deal. That ratio of collateral to DAI is algorithmically calculated to maintain the stable pegged price of 1 DAI = $1. 2. 85 at one point late Monday. Trumpet Features. “Since the token value after the attack is more than the cost, the attacker can get around $4 million profit in one round of the attack,” BlocSec said. Stablecoins are crypto assets that aim to keep their price “pegged” to the market value of an external asset such as a fiat currency or commodity. Summary: USD Coin (USDC), created by Circle Internet Financial, LLC (NMLS ID# 1201441), is the most secure and reputable stablecoin in the digital asset arena. Notifications. Game Claim 5BTC BitcoinETF Get BTCETF Trunk is the elephant money’s stable coin. The most promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. It generally isn't always stable. pegs in different ways, most of the regulatory attention has focused on coins that are putatively backed with reserves of assets denominated in fiat currency. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Instead of being “mined” by an open, distributed network of computers performing a combination of math and recordkeeping, a stablecoin derives its. dollar that doesn’t change much in value. Offering single-currency stablecoins in addition to the multi-currency coin. In addition, it also guarantees a stable value of UST as the value of TerraUSD is determined by the demand and supply of LUNA. An algorithm manages the relationship between these two coins to attempt keeping the stablecoin pegged to the reference. By Selena 04/13/22 10:42 PM. S. DRIP throws off 1%/day and has a cap of 100k DRIP. Unlike traditional cryptocurrencies. Stampede Perpetual Bonds. “Since the token value after the attack is more than the cost, the attacker can get around $4 million profit in one round of the attack,” BlocSec said. Stablecoins are global, and can be sent over the internet. Dollar (e. 29 in January 2018. The main types of stablecoins include fiat-backed. A stablecoin pegged to the U. 4. For example, one USD Coin (USDC) is intended to always be worth $1. Stablecoins are a type of cryptocurrency designed to offer the flexibility of digital assets with the price stability of fiat currency. 0 TRUNK to 44,156 BUSD . The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. Elephant Money Stable (TRUNK) Services. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Log In Sign Up. more USD Coin (USDC): Definition, How It Works in Currency, and ValueStablecoin values are pegged to the value of a given currency. There is one trunk but many releases that derive from the trunk. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. dollar. Crypto-backed stablecoin are those stablecoin that are backed by cryptocurrencies. Yea, stable coins are better ways to earn passively, without any fear of volatility, most DeFi protocol like Celcius, crypto,com & Blockbank offers different rates, but Blockbank's rate seems to be the best, as you get 10% apy on stables, and the reward comes on a weekly basis. Saved searches Use saved searches to filter your results more quicklyElephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Stable coins backed by cryptocurrencies are supported by a cryptocurrency. USDC has recently grown in market share—helped by its. . Sector. ELEPHANT - Nomics. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. dollar and cryptocurrencies. S. As of November 9, 2021, USDT is ranked as the sixth-biggest cryptocurrency according to market capitalization, with a worth of $73,331,418,457. TRUMPET. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. Token Mechanics - Mint & Redeem. The company Circle had said its U. Users can convert their stable-coins into vol-coins or their vol-coins into stable-coins at a rate of $1 worth of vol-coin per stable-coin, perhaps with a 0. Victoria, BC. A stablecoin is a cryptocurrency designed to maintain a steady value by being tied to a more stable asset like a traditional currency or gold. The actual token price may sway a little bit in reaction to changing market conditions, and the actions that keep it. One of the most prominent examples of a stablecoin is Tether (USDT). Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. Unlike a centralized stablecoin which is backed with an equivalent amount in fiat or real world assets,. How The System Supports The Peg. 55mil in 6 years and this doesn't even include all of the claims that user made. S. Elephant Money Futures Vaults. Understanding DAO's is a must before you invest a single penny with these High Risk/ High Reward platforms. Commodity-collateralized Stablecoins. S. Though this coin exists on the Ethereum blockchain, it is backed by Bitcoin. 1. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. The plan for Facebook’s Libra cryptocurrency was that it would be pegged to a basket of national currencies, similar to the IMF’s Special Drawing Right. The pilot transaction allowed Victor Smorgon Group, the investment company of Melbourne’s billionaire Smorgon family, to send $30 million to a digital asset fund manager, Zerocap, within 10 minutes. Tron is a delegated proof-of-stake blockchain that hit an all-time high of $0. It also uses a TRON address for deposits and withdrawals which takes place on the TRON blockchain. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. 9. Elephant Money, a stable coin platform that uses the TRUNK token became a victim of the flash loan attack, which manipulated a token price oracle leading to a loss of $22. Elephant Money - Introducing the TRUNK Stablecoin. In the past few months, I have written several articles about updates and improvements made to the Elephant Money platform. 59%. 11 (€0. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. Real priced commodities like real estate, gold,. On May 9, 2022, UST's price plummeted to as low as $0. They are backed by fiat currency (a government-issued currency), like USD and EUR, as collateral to supply a certain amount of digital coins. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. 2. Decentralised finance, or DeFi for short, is a system in which customers can access financial products directly on a decentralised blockchain network, without the need for middlemen such as banks and… Elephant Money is a unique financial ecosystem that aims to implement a voluntary, sustainable, and permissionless global economic engine. Money is happy to confirm that we have officially partnered with InsurAce. Elephant Money Futures Vaults. A stablecoin is a particular type of cryptocurrency that is “pegged” to a more stable reserve asset. S. USD Coin (USDC) USD Coin is a stablecoin backed by Coinbase, the world’s biggest bitcoin broker and largest exchange holder of bitcoin. 4. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. We have collected our most popular optimization projects together to form the COIN-OR Optimization Suite. UST, one of the top stablecoins in circulation, dropped well below $0. TRUMPET. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. S. The Fed's latest "Financial Stability Report" issued a potentially well-timed warning that the. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. The algorithm sets the rules for balancing the supply and demand of the stablecoin. 013318 USD with a 24-hour trading volume of $7,314,866 USD. These tokens are intended to function with stability, as their name implies. Stable doesn't mean simple Before exploring whether stablecoins are appropriate for investors, we first need to define what they are. A stablecoin is a cryptocurrency asset designed to maintain a fixed value over time. Stampede bonding trunk you get 205% and daily compo. USD Coin is backed by reserves held in financial institutions. 8M BUSD to H1, 64,450B. 5M and its 24h trading volume is $85K. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. 206396 0. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. You can exchange BUSD to mine TRUNK and then stake it directly on the platform for a 60% to 75% APR. e. TRUNK is over-collateralized by BUSD with deep liquidity. D. Stablecoins can be backed by cash, cash equivalents, commodity. C. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. Well-known Fiat-collateralized Stablecoins. Official Trackers. The issuer builds their coin on a blockchain platform that supports smart contracts. 73mil in bonds which will require the system to pay out 3. Stablecoins are popular because they act as a kind of intermediary for traders, allowing them to exit a market position and capitalize on their profits. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token. But then recently I found the TRUNK token on the BSC, which is also pegged to around $1. dollar and backed "100% by Tether's reserves," according to its website. There are three main classes of stablecoin: Cash-collateralized stablecoins. 14 Digix Gold Token DGX $ 51.