Founded in 2017 by Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn, Band Protocol  (BAND) was initially launched as an ERC-20 token but has since moved to the Cosmos network in June 2020. Band Protocol connects real-world data (information like sports, weather, and numerical data) and APIs to smart contracts. This lets decentralized applications access any type of real-world data.
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*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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