Investing and trading blockchain platform for the real estate industry, Meridio, has announced that the integration with DAI's stablecoin is completed.
Cryptoninjas reported on the state of the platform, which can finally trade real estate shares and deals for DAI. The stablecoin can also work with the platform fully in that it can finally create a near-perfect approximation of dollar transactions.
The blockchain platform plans to use DAI's stablecoin to handle its processes concerning the Asset Token, an ERC-20 compatible smart contract which can create a customizable on-chain compliance layer. In a traditional process, the purchase of any of these tokens would have the buyer going to Ether to purchase. With DAI, the users can go ahead and trade directly on Meridio.
The stablecoin can provide many other benefits. Smart contracts are easier to complete with the use of these stablecoin. Aside from that, trustless trades are easier to accomplish and settlement time can be completed instantly, without having to check for anything regarding the volatility of cryptocurrencies.
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