TomoChain, a solution to address the scalability problem with Ethereum and other blockchain platforms, today announced a new strategic partnership Constant, a P2P lending platform. The Constant stablecoin will be the first stablecoin built on TomoChain. The partnership will grant TomoChain users access to multiple financial opportunities on Constant — such as P2P investments, loans, and money transfers for the Vietnamese crypto community and beyond.
Constant, an alternative financial services platform is powered by CONST, its namesake stablecoin. Constant is a borderless, stable currency that anyone can hold and send — pegged 1:1 with the USD, the world reserve currency. It opens up multiple financial opportunities to the underserved, underbanked and anyone fed up with the centralized sluggishness and exclusivity plaguing the current financial system.
[perfectpullquote align=”full” bordertop=”false” cite=”Long Vuong, CEO of TomoChain” link=”” color=”” class=”” size=””]”We appreciate the works and speedy execution to bring a stablecoin on TomoChain by the Constant team. Furthermore, Constant stablecoin is backed by reputable financial, accounting and legal partners such as PrimeTrust, FDIC insurance, etc. to ensure the piece of mind for the token holders. Some applications and services on TomoChain such as TomoSwap can have the option of using stablecoin provided by Constant. In the future, we are looking forward to further collaboration with their stellar team of engineers and scientists to develop more financial products on TomoChain.”[/perfectpullquote]
[perfectpullquote align=”full” bordertop=”false” cite=”Duy Huynh, CEO, Constant.” link=”” color=”” class=”” size=””]“We’re excited to partner with TomoChain and leverage its remarkable processing speed, low transaction costs, and advanced security. We’re looking forward to introducing Constant to TomoChain’s forward-thinking community, and demonstrating to its users the potential and multiple benefits of a stable cryptocurrency designed with a primary focus on utility.”[/perfectpullquote]
TomoChain supports all EVM-compatible smart-contracts, protocols, and atomic cross-chain token transfers. Scaling techniques such as sharding, EVM parallelization, private-chain generation, hardware integration will be continuously researched and integrated into TomoChain which will become an ideal scalable smart-contract public blockchain for decentralized apps, token issuance and token integration for small and big businesses.