The stability of the Meter stablecoin is achieved by pegging its value to the International Monetary Fund's Special Drawing Rights (SDR) basket, which is a reserve asset comprising various global currencies. This stability makes Meter an attractive option for users who seek to store value or conduct transactions without worrying about price volatility.
Scalability is another area where Meter shines. By utilizing a PoW consensus mechanism called Proof-of-Value (PoV), Meter can process a high number of transactions per second, rivaling traditional payment networks. This makes it well-suited for use cases that require fast and efficient transactions, such as payment processing and remittances.
Also, Meter supports Ethereum Virtual Machine (EVM) compatibility, allowing developers to port their existing Ethereum-based applications and smart contracts to the Meter blockchain seamlessly. This compatibility provides developers with a familiar development environment and opens up opportunities to leverage the growing ecosystem of Ethereum. Show Less
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