$208.00 Fixed
Stablecoin Development
Project Overview
We are developing a USD-pegged stablecoin similar to USDT, backed by fiat reserves and utilizing blockchain technology for transparency, security, and efficiency.
Key Objectives
1. Develop a smart contract to issue and manage stablecoins.
2. Implement a reserve-backed system to maintain a 1:1 USD peg.
3. Ensure compliance with AML/KYC regulations.
4. Integrate with payment gateways for seamless fiat on/off-ramp.
5. List the stablecoin on decentralized & centralized exchanges.
Technical Requirements
1. Blockchain Selection
• Ethereum (ERC-20): High security & adoption.
• Binance Smart Chain (BEP-20): Lower fees & fast transactions.
• Polygon: Scalability & cost-efficiency.
2. Smart Contract Development
• Develop and audit Solidity-based smart contracts for minting/burning tokens.
• Implement stablecoin issuance & redemption mechanisms.
• Ensure governance and compliance features (whitelist, blacklist, pause function).
3. Reserve System & Peg Maintenance
• 1:1 Fiat Reserve Model: Each token represents 1 USD held in reserves.
• Mint/Burn Mechanism:
• New tokens minted when fiat is deposited.
• Tokens burned upon redemption for fiat.
• Oracle Integration: Fetch real-time USD value to avoid price volatility.
4. Security & Compliance
• Security audits (CertiK, OpenZeppelin).
• KYC/AML integration with third-party providers.
• Multi-signature wallets for fund security.
5. Payment & Exchange Integration
• Fiat on/off ramps (Stripe, PayPal, Bank API).
• DEX & CEX listing (Uniswap, Binance, Coinbase).
Required Developer Skills
• Solidity, [login to view URL], Hardhat/Truffle (Smart Contracts)
• Node.js, Python (Backend Development)
• React.js, [login to view URL] (Frontend Development)
• IPFS, AWS, Firebase (Decentralized Storage & Hosting)
• Security Protocols & Smart Contract Auditing
Next Steps for Development
1. Finalize Blockchain & Tech Stack Selection.
2. Develop & Test Smart Contracts in Testnet.
3. Audit & Fix Vulnerabilities.
4. Deploy on Mainnet & Integrate with Payment Systems.
5. Launch Marketing & Get Exchange Listings.
Deliverables
✅ Smart Contracts with mint/burn functionality
✅ Admin Dashboard for Reserve & Token Management
✅ Payment Integration APIs
✅ Security Audit Report
✅ Listing on at least 2 exchanges
Final Notes
• The developer must follow best practices in smart contract security and blockchain scalability.
• The project will have phased releases, starting with a testnet deployment before moving to the mainnet launch.
- Proposal: 0
- 52 days
Divakar Gandhi
,
Member since
Apr 20, 2024
Total Job