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Shade Protocol Releases an Innovation Breaking Stablecoin

Shade not only created a product with privacy, flexibility, scalability, and interoperability in mind, but it is also super easy to use with transactions as fast as 6 seconds due to the high throughput of the secret network.

The inherent security of traditional stablecoins, those pegged to fixed assets like gold or fiat, have a major vulnerability; they lack privacy. Making a purchase with a stablecoin, tells the merchant far more than you would otherwise disclose using a credit or debit card – opening the door to vendor-side discrimination.

With Shade Protocol, built on the Secret Network, and held to SNIP20 private and fungible token standard, SILK gives holders the freedom to make your transactions private or public. SILK is a 4th generation stable-coin with auditable privacy, and advanced flexibility.

Breaking with tradition, Shade Protocol has the ability to update weights and currencies, or assets, that are included in the peg. As inflation remains a growing concern globally, Shade Protocol offers a stablecoin that doesn’t adhere to one fiat currency or asset, but is free to react to changing global trends. Putting a decentralized exchange in the same ecosystem, Shade Protocol plans to house everything under one umbrella.

Backtesting Silk for 25 years to ensure stability, and scalability, reaffirm that the team at Shade Protocol are building and innovating for longevity. Shade not only created a product with privacy, flexibility, scalability, and interoperability in mind, but it is also super easy to use with transactions as fast as 6 seconds due to the high throughput of the secret network.

We are coming to an age where governments must decide how to interact with, and how to utilize, cryptocurrencies. As the world’s population becomes more familiar with cryptocurrency, and nations adopt digital assets as their attempt to hedge against inflation, stablecoins will remain at the top of the discussion list. SILK provides the answer to what a stablecoin should be.

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