Alex Melikhov’s Insights On Stablecoins

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Equilibrium-techcryption

Recently, Crypto DeFiance event that was organized by BlockShow, Equilibrium & EOSDT took place in Singapore as an opportunity for crypto enthusiasts to participate in Decentralized Finance (DeFi) topic discussions, hear from industry experts and network with thought leaders and potential partners.

Techcryption team managed to secure an exclusive interview with the CEO of Equilibrium, Alex Melikhov to understand the organization and his insights of the crypto industry. It is known that Equilibrium is a multichain framework for crypto-backed stablecoins and DeFi products and provides broad developer community with a reliable technical environment for vibrant DeFi applications.

It is noteworthy that Equilibrium created the first decentralized EOS-backed stablecoin, the EOSDT which is a USD-pegged stablecoin that leverages underlying EOS collateral and adds extra liquidity to the market.

Talking about stablecoins, Melikhov mentioned that he is keen on coins that have utility and he can’t say he doesn’t care about centralized stablecoins. This is because, at the moment, centralized stablecoins are having more adoption and first-mover advantage compared to decentralized ones.

I think that decentralized stablecoins definitely will be developing and the roles will be expanding although they have drawback like limited capacity for generating, they have some ceiling for its total supply.

Alex Melikhov, CEO of Equilibrium

However, he feels that this problem can be conquered through embracing more types of collaterals into the stablecoins and eventually see how it works out. There are several obvious trends in the market as more projects are coming which are aiming at more retail markets which will lead to mass adoption.

“Thanks to new integrations and new projects and daily user operations, as stablecoins will get more and more adoption” he expressed.

He also concluded that they will replicate the experience and create more DeFi related events in the future and expect crypto defiance to become the blockbuster for such events.

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