Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Fixed spacing #56

Closed
wants to merge 1 commit into from
Closed

Fixed spacing #56

Changes from all commits
Commits
Show all changes
1 commit
Select commit
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
4 changes: 2 additions & 2 deletions docs/issuing-assets/anatomy-of-an-asset.mdx
View file
Open in desktop
Original file line number Diff line number Diff line change
Expand Up @@ -9,7 +9,7 @@ import { CodeExample } from "@site/src/components/CodeExample";
Issuing assets is a core feature of Stellar: any asset can be tokenized (or minted) on the network and then tracked, held, and traded quickly and cheaply. Assets can represent many things: cryptocurrencies (such as bitcoin or ether), fiat currencies (such as dollars or pesos), other tokens of value (such as NFTs), pool shares, or even bonds and equity. Any Stellar account can issue an asset, and since anyone can set up an account, anyone can issue assets: banks, payment processors, money service businesses, for-profit enterprises, nonprofits, local communities, and individuals. It’s a self-serve process with no permission needed.

Issuing an asset on Stellar is easy and only takes a few operations. However, there are additional considerations you may need to think about depending on your use case, such as publishing asset information, compliance, and asset supply, which we’ll cover in this documentation.
Assets on Stellar have two identifying characteristics: the asset code and the issuer. Since more than one organization can issue a credit representing the same asset, asset codes often overlap (for example, multiple companies offer a USD token on Stellar). Assets are uniquely identified by the combination of their asset code and issuer.
Assets on Stellar have two identifying characteristics: the asset code and the issuer. Since more than one organization can issue a credit representing the same asset, asset codes often overlap (for example, multiple companies offer a USD token on Stellar). Assets are uniquely identified by the combination of their asset code and issuer.
# Stablecoins
One major category of assets is the stablecoin. A stablecoin is a blockchain-based token whose value is tied to another asset, such as the US dollar, other fiat currencies, commodities like gold, or even cryptocurrencies. There are two types of stablecoin: 1) reserve-backed stablecoins that must have a mechanism for redeeming the asset backing them, and 2) algorithmic stablecoins that don’t have assets backing them and instead rely on an algorithm to control the stablecoin supply. When discussing stablecoins, our documentation will focus on reserve-backed stablecoins.

Expand All @@ -18,7 +18,7 @@ Reserve-backed stablecoins are pegged to a real-world asset at a 1:1 ratio. Beca
Currently, one of Stellar's most significant use cases is the tokenization of fiat currency for processes like cross-border payments. With anchors, users can connect Stellar tokens to existing rails that allow for the deposit of real-world assets in exchange for digital currency and vice versa. Learn more about anchors in our [Anchors section](https://developers.stellar.org/docs/anchoring-assets/).

## Treasury management
When issuing a reserve-backed stablecoin, you must set up its off-chain reserve, which securely stores the asset backing the stablecoin. When users wish to redeem their stablecoin, they can receive an equivalent amount of the underlying reserve asset from the issuer.
When issuing a reserve-backed stablecoin, you must set up its off-chain reserve, which securely stores the asset backing the stablecoin. When users wish to redeem their stablecoin, they can receive an equivalent amount of the underlying reserve asset from the issuer.
# Compliance
As an asset issuer, you may need to comply with regulatory requirements that vary based on jurisdiction. Stellar has built-in features that can help meet these requirements, such as:

Expand Down