Blockchain company Laguna Labs has started working on an inflation-proof cryptocurrency that can replace fiat currencies.
The expansion of the usage areas of cryptocurrencies has also had a direct impact on people’s living conditions. With the effect of increasing inflation and unemployment data, new investment tools began to be sought. Cryptocurrencies have ceased to be an investment tool against inflation due to their volatility. Investors have started to turn to stablecoins to protect asset value. However, in such a situation, they could not avoid being crushed against inflation.
An Inflation Proof Cryptocurrency Is Coming
Cryptocurrency platform Laguna Labs has announced Nuon, an inflation-proof cryptocurrency. Arguing that pegging stablecoins to fiat units is not enough against inflation, the company has started a new study. Nuon will maintain its purchasing power and will be pegged to the inflation value.
The project, which has attracted great interest from the community as it is the first and only in its field, will be put into service soon. According to the company’s statement, Nuon will have more collateral than other stablecoins. This will prevent it from being depeg.
The coin, which will not be tied to any fiat unit, will be a new investment tool for users. However, companies that have carried out similar studies before could not produce a successful result. The testing phase will begin and Nuon will be tested by users and will shape the future.
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