Alchemint Standards (SDS)

Alchemint Standards (SDS) is a hybrid model stablecoin issuing platform that provides two options for issuing stablecoins. The SAR-B option allows institutions to issue customized stablecoins by backing them with real asset reserves and SDS mortgages. On the other hand, the SAR-C option enables institutions and individuals to issue standardized stablecoins by using digital asset mortgages. Alchemint’s SDUSD, the first fiat-pegged coin on the NEO blockchain, can be issued by collateralizing NEO on the decentralized Alchemint platform.

SDUSD can be acquired through trading on the NEO/SDUSD pair on Switcheo, a decentralized exchange. Users can also mint SDUSD directly on the Alchemint platform by following the User Manual and Tutorial Video guidelines. The platform offers a console for individual users, institutions, and wallets, allowing users to issue tradable stablecoins on the main net that require Tradable NEO or perform tests and issue non-tradable stablecoins on the test net that require Testing NEO. Interested users can contact Alchemint to receive free test coins for testing purposes.

The market’s need for stablecoins arises from various challenges traditional digital currencies face. Price fluctuation, lack of risk mitigation methods for exchanges and investors, difficulty in executing blockchain financial services, and resistance towards Dapps using unstablecoins are some problems that stablecoins aim to address. Stablecoins provide a solution by offering stability, making them more widely adoptable as a payment method and as a haven in the digital currency trading market. Furthermore, stablecoins facilitate the transfer of traditional financial services into the blockchain world and eliminate risks associated with fundraising events in the ICO space.