Counos U is another Stablecoin that was developed based on the Litecoin source code and operates within an entirely independent network. More than 21 million units of this cryptocurrency have been mined and will be made available for public offering. The guaranteed value of each Counos U is equivalent to USD 100. This type of cryptocurrency was introduced as a payment solution for transactions and settlements denominated in the currency of the United States of America. In addition, the cryptocurrency is accepted in the Counos Payment Gateway and can be also used to execute transactions and settlements globally. The average duration for technical confirmation and creating a new block is 2.5 minutes.