Photo - VUSD.ai
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VUSD.ai

Stablecoins that uses artificial intelligence

Ukraine, Vinnytsia region
Market: Internet and IT, Financial services, Blockchain, Crypto currency, Artificial Intelligence
Stage of the project: Idea or something is already done

Date of last change: 07.03.2023
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Idea

VUSD is a new generation of stablecoins that uses artificial intelligence (AI) to provide a more stable and secure digital asset.
It was created to address the volatility and risks associated with other digital currencies, while still maintaining the benefits of blockchain technology.
The AI system is able to detect market trends and react accordingly, enabling VUSD to remain relatively stable against fluctuations in the value of the underlying assets.



Current Status

It's just an idea

Problem or Opportunity

Here are some of the problems with stablecoins:

Centralization: Most stablecoins are issued and managed by centralized entities, such as companies or foundations. This means that the stability of the stablecoin is dependent on the trustworthiness and competence of the central issuer.

Collateralization: Many stablecoins are backed by assets such as fiat currency or cryptocurrency. If the value of the underlying asset drops significantly, the stablecoin may lose its stability.

Regulatory risk: Stablecoins are subject to regulations that may change over time, making it difficult for issuers to maintain the stability of the coin.

Transparency: Some stablecoins lack transparency, making it difficult for users to verify that the coin is actually backed by the claimed assets.

Solution (product or service)

Decentralized governance: AI can be used to create decentralized governance systems that allow users to collectively manage stablecoins without relying on a central entity.

Predictive analytics: AI can be used to analyze market data and predict changes in the value of the underlying asset, allowing stablecoin issuers to take proactive measures to maintain stability.

Smart contracts: AI-powered smart contracts can automate many of the processes associated with stablecoin issuance, such as collateralization and auditing, making them more transparent and trustworthy.

Fraud detection: AI can be used to detect fraudulent activities associated with stablecoins, such as false claims about collateralization.

Competitors

There are competitors in the form of other stablecoins such as USDT, USDC, but their competition is disappearing, they just use the blockchain without artificial intelligence like us

Advantages or differentiators

Using artificial intelligence with blockchain

Money will be spent on

Token and product development
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Idea
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