Anchor is an algorithmic stablecoin pegged to the sustainable growth trend of the global economy. Pegged cryptocurrency is a digital medium of exchange, the value of which is tied to other mediums of exchange like gold or the currency of any nation. Anchor aims to provide its users long-term price stability and protection from inflation by hedging against daily market volatility. Hedging is an investment done to reduce the risk of adverse price movements in an asset.

Anchor claims to stay stable regardless of any fiat currency’s strength, market fluctuations, or economic recessions. The goal of Anchor is to become a driver of global economic stability.

Cryptocurrencies and traditional currencies depreciate majorly because of inflation, market fluctuations, political biases, and other dynamic economic scenarios. As a response to the volatility, stablecoins were introduced that promises price stability, practical usage, and secure, convenient transactions.

Anchor, a next-generation stable coin, comes up with the solution and leverages the power of technology and algorithms to create a scalable and objective measure of value resilient to currency manipulation, recessions, and other market fluctuations. 

As per its whitepaper, the Anchor’s stabilizing architecture depends on three keys that prevent volatility and fluctuation within the Anchor System. These keys are detailed below:

Anchor was established in 2018 in Zug, Switzerland. Daniel Popa is the CEO of Anchor system with over twenty years of experience as a business developer. He has launched many software developments, telecommunications, call centers, and technology companies.

Cristian Bronescu is the co-founder with a strong technical and software background. Andrew Sarega is the VP of foreign relations at Anchor with experience as a successful entrepreneur.

We update our Anchor to USD currency in real-time. Get the live price of Anchor on Coinbase.