Big swings in the price of Bitcoin may dominate the headlines, but there are other types of cryptocurrency that you should also keep an eye on.

For example, consider stablecoins.  🤔

Stablecoins are digital currencies intended to have constant valuations. This makes them useful for pricing and payments because they don't have the large price fluctuations of crypto (like Bitcoin) but still maintain the benefits that come from a blockchain-based currency (e.g. transparency, efficiency, security).

🔻 In the video below, TransitNet architect Will Coleman and I explore what stablecoins are and how they can be utilized. 🔻

In the video, Will breaks down different types of stablecoins, including collateralized and non-collateralized coins. I also take a look at how the introduction of stablecoins could make crypto a more useful technology for people and businesses.

Stablecoins fit into our broad belief that digital currency is a form of financial technology that has a ton of potential beyond speculation, but it needs to be coupled with key infrastructure to realize that potential. 

That's why we're building TransitNet. We believe that a title registry is a key piece of infrastructure that could help crypto grow and become mainstream technology.

If you'd like to learn more about our funding round, visit TransitNet's WeFunder profile for more information. The round is filling up pretty quickly--we've already passed $650,000 in less than three weeks since our public launch. So be sure to check it out if you're interested in being part of what we're doing at TransitNet!