Tezos Stablecoin Project

scalable, on-chain, gas-efficient

Currencies

FIAT
Crypto

Commodities

Metals
Agriculture

FIAT-pegged Currencies

Most people think of "stablecoins" as synonymous with the "FIAT" class of stablecoins alone — that is, a cryptocurrency price-pegged to that of a government-issued FIAT currency, despite the fact that FIAT-currency-pegged stable-coins are actually only one type/family of stable-coin. A stable-coin can be pegged to anything, really.

However, and of course, the currency class of stablecoins (namely, USD-pegged stablecoins) have been the most critical to trading and to the growth of decentralized finance ('DeFi').

Our main project is USD Tez (USDtz) to provide the best source of general liquidity for Tezos-token swaps. The US Dollar has been the global leader as a FIAT-based liquidity standard for all trading, and that that standard has ostencibly carried over to cryptocurrency trading as well.

Although the other currencies on our stablecoin roadmap such as EURO Tez (EURtz) and British Pound Tez (GBPtz), may be useful for liquidity purposes as well, we imagine that the primary utility of those other currencies will be for FOREX currency trading. 85% of daily <5 trillion dollars traded on FOREX, come from just 7 pairings referred to in the FOREX industry as "the majors"  — comprised of the following seven currencies.

'The Majors'

USD Tez

United States Dollar
usdtz.com

EURO Tez

British Pound Tez

Japanese Yen Tez

CAD Tez

Canadian Dollar

Swiss Franc Tez

NZD Tez

New Zealand Dollar

AUD Tez

Australian Dollar

Wrapped Cryptocurrencies

"Wraps" are a word for Tezos-wrapped cryptocurrencies. What are they used for? Many traders in the crypto-sphere view liquidity in terms of available liquid BTC, instead of US Dollars. The 'Wraps' class of stablecoins are tokens that are pegged to the respective values of other cryptographic assets (such as Bitcoin, Ethereum, and Litecoin) instead of to global FIAT currencies. 

The particular cryptographic assets we will be wrapping have been chosen based on current trading volume at-large, technological merit and market consensus. Given that outside of USD-pegged assets, Bitcoin has the greatest daily trade volume of any cryptographic asset, the first wrap we will issue will be BTCtz.

BTC Tez

BTCtz.io

ETH Tez

LTC Tez

Commodities

Commodity class assets have many sub-classes, generally traded on mercantile exchanges such as CME in Chicago. Examples of sub-classes include precious metals (such as gold and silver) and agriculture (such as coffee beans and soy beans). The first commodity token we will issue will be: Gold Tez (GLDtz), since gold is not only a popular tradable commodity, but a popular liquidity mechanism as well — a store of value more in-line with currencies. Thus, Gold Tez will complement our initial offerings for other stable-coin classes.

Amongst agricultural commodities, Coffee beans and Soy beans are top traded assets on the Chicago Mercantile Exchange (CME), and on Mercantiile exchanges around the world. Next to water, coffee is the most consumed beverage in the world. Next to crude oil, soy beans are the top export of the United States annually.

Precious Metals

Gold Tez

Tezos.gold

Silver Tez

Platinum Tez

Palladium Tez

Agriculture

Coffee Bean Tez
Tezos.coffee

Soy Bean Tez

Tezos.soy

Trustee Tokens

The Trustee Token (TRU token) is the governance token of the StableTez network — that is, not only for USDtz but for all tokens in the StableTez network. The trustees govern the Tezos Stablecoin Network, through the Trustee Governance System (TGS). The staked TRU token is a utility of governace for the trustees. Trustees are not necessarily TRU token holders. and TRU token holders are not necessarily Trustees. New trustees are whitelisted in the network by consensus decision and their TRU token holdings relative to the TRU staked network serve as a major element that determines weight of power of their governance decisions.  

This makes TRU tokens a very valuable utility token. Additionally, harvest rewards that overflow from the reserve are transacted to trustees in proportion to the weight of their TRU holdings relative to the weight of the staked network overall. This further encourages TRU holders to maintain their TRU staked to the network.

Trustee Token

Built from the ground-up on Tezos, for Tezos, and by dedicated members of the Tezos community

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