Edgecoin (EDGT) is making waves in the fintech world by offering a seamless blend of traditional finance and modern cryptocurrency solutions. Issued by UK-based Edgecoin Bank, EDGT promises stability by pegging its value to the U.S. dollar through a diversified reserve of commercial paper, fiat deposits, and more. This approach ensures that the total value of reserves mirrors the number of EDGT tokens in circulation, providing users with a trustworthy and stable digital asset. Join us as we explore how Edgecoin is transforming the global payments landscape by offering fast, secure, and easy transaction solutions backed by cutting-edge technology.

What Is Edgecoin (EDGT)?

Edgecoin (EDGT) is issued by the UK-based company Edgecoin Bank. According to its whitepaper, Edgecoin Bank claims to be a decentralized crypto bank that offers a modern twist on traditional finance by providing its users with a fast and easy payment gateway. Through the system, customers can deposit their Edgecoins into digital wallets.

EDGT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar. According to the company, the token’s peg to the USD is achieved via maintaining a sum of commercial paper, fiat deposits, cash, reserve repo notes, and treasury bills in reserves that is equal in USD value to the number of EDGT in circulation.

As laid out in its whitepaper, Edgecoin Bank is assisting customers in over 120 countries to manage their crypto assets, and plans to become the leader in global payments by offering a variety of services such as money transfers and settlement solutions powered by its fiat-backed stablecoin, Edgecoin (EDGT).

Who Are the Founders of Edgecoin?

According to Crunchbase, Luke Arliss is the founder and CEO of Edgecoin. His vision for Edgecoin Bank is to bridge the gap between traditional finance and the burgeoning world of cryptocurrencies, providing a stable and reliable digital currency that can be used globally.

What Makes Edgecoin Unique?

Edgecoin offers an innovative solution to the issues surrounding unregulated and non-fiat-backed stablecoins. As a digital asset, it merges the benefits of traditional financial systems with those offered by the Internet: strong infrastructure, regulatory oversight, and currency stability.

To secure a stable peg to the US dollar, EDGT tokens are supported by an array of reserves which include commercial paper, fiat deposits, cash, reserve repo notes, and treasury bills. This is in order to ensure that their total value remains equal to the volume of EDGT tokens circulating in circulation.

A unique feature of Edgecoin is the number of utilities it provides. Users are able to use EDGT to make transactions. Another incentive EDGT holders receive is the Gradecoin which is a DeFi coin designed to reward those who are holding their EDGT tokens in their wallets.

How Many Edgecoin (EDGT) Coins Are There in Circulation?

According to the project’s official whitepaper, EDGT has a total supply of 1,000,000,000. The current circulating supply is 210 million EDGT. Regarding tokenomics, the allocation is as follows: public (95%), team (5%).

How Is the Edgecoin Network Secured?

EDGT is issued on the Stellar blockchain, which is secured using the Stellar Consensus Protocol. It has four main properties: “Decentralized control, low latency, flexible trust, and asymptotic security.”

Through SCP, anyone is able to join the process of achieving consensus, and no single entity can end up with the majority of decision-making power. Transactions are also confirmed cheaply and within a few seconds — and safeguards are in place if bad actors attempt to join the network.

Where Can You Buy Edgecoin (EDGT)?

EDGT can be purchased on various centralized exchanges such as ProBit Global, CEX.IO, Coinsbit, P2B, and HitBTC.

Keep track of EDGT live prices in real-time with the CMC mobile app.

Related Pages:

• Read about Tether (USDT) — the leading stablecoin by market capitalization.
• Read about USDC.
• Learn more about why stablecoins depeg with CMC Alexandria.
• Learn more about stablecoins with CMC glossary.

Edgecoin's Market Performance

Edgecoin's market performance has shown resilience and stability, reflecting its strong fundamentals and the trust it has garnered within the crypto community. Here are some key statistics:

• Current Price: $1.0013
• Market Cap: $0.00
• 24h Price Change: 0.09%
• 7d Price Change: 53.41%
• 30d Price Change: 9.44%
• 24h High: $1.0016
• 24h Low: $1.0001
• All-Time High: $87.7412 (2021-12-14)
• All-Time Low: $0.3412 (2024-02-26)
• Circulating Supply: 0.00
• Total Supply: 1,000,000,000.00

The Future of Edgecoin

Edgecoin's future looks promising as it continues to innovate and expand its services. The company's goal is to become the leader in global payments by offering a variety of services such as money transfers and settlement solutions powered by its fiat-backed stablecoin, Edgecoin (EDGT).

Edgecoin Bank is also exploring partnerships with other financial institutions and fintech companies to further enhance its offerings and reach a wider audience. By leveraging the power of blockchain technology and the stability of fiat currencies, Edgecoin is poised to revolutionize the global payments landscape.

Conclusion

Edgecoin (EDGT) is a groundbreaking stablecoin that combines the best of traditional finance and modern cryptocurrency solutions. With its strong infrastructure, regulatory oversight, and currency stability, Edgecoin is well-positioned to become a leader in the global payments industry. Whether you're looking to make fast and secure transactions or manage your crypto assets, Edgecoin offers a reliable and innovative solution.

Stay tuned for more updates on Edgecoin and its journey to revolutionize global payments.