Alchemint reports increase in SDUSD issued and overall mortgage rate

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On April 18, the mortgage bankers association (mba) published its latest mortgage rate forecast extending through the end of 2017 and into 2018. By their estimation, the average rate for a 30-year fixed mortgage (the most poplar type of home loan ) will rise to 4.6% by the fourth quarter of 2017.

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Alchemint, a platform for issuing digital mortgage-backed stablecoins on the NEO blockchain has published its progress report for March.. However, due to NEO's price increase, the total amount of SDUSD issued and the.

The overall mortgage rate rose from 282.34% to 337.75%. The amount of SDUSD issued increased by 8,265.74, to a total of 115,412.53 SDUSD. Lastly, the total amount of service fees paid in SDS increased nearly threefold, reaching a distribution of 16,424.16 SDS tokens in May.

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Yes, we still have a huge room to grow, as the system launched on NEO mainnet for 1 month, for now, we had set the SDUSD Overall Issuing Ceiling at 1 million. When more SDUSD been issued, we will raise the ceiling. As a decentralized stablecoin, we can’t issue a huge amount stablecoin all of a moment. MKR/DAI on ETH is our role model.

SDUSD. Project overview. current price Overview. CURRENT PRICE $0.97811 0.09254 NEO.97811 0.09254 neo. VOLUME. 35,056. TOTAL SUPPLY. ATH CHANGE -55.91%.

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Anyone can issue stablecoin by mortgaging value-fluctuated NEO assets (or any digital assets approved by Alchemint Governance Committee) like sdusd with the exchange rate of 1 on USD (the currency can be euro or RMB).

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