Article Summary, Automatically Generated By AI
Summary of Inter Stable Token
- Inter Protocol: a community-organized, decentralized application on the Agoric chain
- Inter Stable Token (IST): an overcollateralized, cryptocurrency-backed stable token for the interchain ecosystem
- IST maintains parity with the US dollar (USD) for broad accessibility
- IST is the native fee token for the Agoric platform, providing core functionality and stability for the Agoric cryptoeconomy
- Smart contracts: written in Hardened JavaScript using the Zoe framework and Electronic Rights Transfer Protocol (ERTP) for token support
- Numbers and figures: None
- Case studies, anecdotes, and examples: None
Introducing Inter Stable Token: A Beacon of Stability in the Cryptocurrency Realm
Inter Protocol (
https://inter.trade/
) is a decentralized application, community-driven and operating on the Agoric chain, which implements the Inter Stable Token (IST). This overcollateralized, cryptocurrency-backed stable token is designed to facilitate the interchain ecosystem. The Hardened JavaScript smart contracts, written using the Zoe framework, leverage the Electronic Rights Transfer Protocol (ERTP) for seamless token support. IST is engineered to maintain parity with the US dollar (USD), ensuring broad accessibility, and serves as the native fee token for the Agoric platform, providing core functionality and stability to the Agoric cryptoeconomy.