# Horizon Dollar (HZD)

**Type:** Token
**Source:** [View on Coinpaprika](https://coinpaprika.com/coin/hzd-horizon-dollar/)

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## About

Horizon Dollar (HZD) is a stablecoin built on the Ethereum blockchain, designed to maintain a value of one United States dollar. As an ERC-20 token, HZD leverages the security and transparency of the Ethereum network. The primary purpose of Horizon Dollar is to provide a stable medium of exchange within the cryptocurrency ecosystem, reducing the volatility often associated with digital assets. This stability makes HZD suitable for various applications, including trading, lending, and payments. The Horizon Dollar project aims to facilitate seamless transactions and provide a reliable store of value. Users can utilize HZD in decentralized finance (DeFi) platforms for yield farming, staking, and other financial activities. The stability of the coin also makes it a practical option for everyday transactions, allowing users to send and receive value without the risk of significant price fluctuations. Horizon Dollar emphasizes transparency through its smart contract code and aims to foster trust within the community by maintaining its peg to the US dollar through various mechanisms. These mechanisms may include collateralization or algorithmic adjustments to ensure price stability. The accessibility and utility of HZD make it a valuable tool for individuals and businesses seeking a stable cryptocurrency for various financial operations. The coin’s integration within the Ethereum ecosystem allows for interoperability with other decentralized applications and services, further enhancing its usability and adoption. By providing a reliable and easily accessible stablecoin, Horizon Dollar contributes to the growth and stability of the broader cryptocurrency market.

