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Cambodia , Thursday 16 April 2026

The Rise Of Decentralized Money On Polkadot - New Algorithmic Stablecoin Launches On SORA

Published on: Wednesday 24 November 2021

The Rise Of Decentralized Money On Polkadot - New Algorithmic Stablecoin Launches On SORA The newest addition to the algorithmic stablecoin market, SORA Network’s XST is based on Polkadot technology and is backed by an algorithm that guarantees the token's value. Synthetic assets derive value from smart contracts that determine current prices, rather than the value of fiat currency.


News source: https://www.forbes.com/sites/tatianakoffman/2021/11/23/the-rise-of-decentralized-money-on-polkadotnew-algorithmic-stablecoin-launches-on-sora/

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