Stablecoin - News, Opinion & Analysis

Stablecoin

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A stablecoin is a digital token that is pegged to a certain value, usually in a 1:1 ratio with a fiat currency like the US dollar. For example, the USD Coin (USDC) launched by Coinbase is backed by US Dollars in a 1:1 ratio. Most stablecoins in reality deviate from the $1 position ever so slightly, 

Most stablecoins are pegged to a fiat currency, with the US Dollar being a popular choice. However, some stablecoin ventures distinguish themselves by backing their stablecoins with other assets. 

An example of this kind of stablecoin is the well known MakerDAO ecosystem, which is a stablecoin ecosystem that consists of two tokens: the stablecoin DAI and the governance/utility token MKR. The stablecoins are backed by Collateralized Debt Positions which demand Ether as collateral. There is a complex mechanism in place to ensure that the token does not deviate from the $1 value.

Stablecoins have been ascending in popularity in discussion in 2019. This is largely because there is some consensus in the idea that stablecoins are effective in combating the volatility of the market. Since the value of these tokens remain stable, investors who use stablecoins do not have to worry as much about bear markets, and can use these tokens to make investments during these bear markets to gain profit.

As most stablecoins are pegged to fiat currency, there has been scrutiny on the finances of stablecoin issuers, who must confirm that they possess the reserves to back the total value of stablecoins. This increased scrutiny has led to calls for more audits and better transparency.


Is it TIME for Stable Coins?

18 hours ago 1 minute read 0 comments Keith Thuerk

Is it TIME for Stable Coins?   Watching & reading news from around the globe it is very apparent that FIAT Dilution is in over drive, citizens always strive to protect what they have remaining.  A hot protection measure is getting out of fiat (i.e. C...

BabelFish's Decentralized Project Art | A Mysterious Fish Emerges

11 May 2021 6 minute read 0 comments NOVAX

NASA scientists have been studying the possibility that water may have existed on the lunar surface in eons past. New evidence has recently come to light which indicates that, not only is there still water on the dark side of the moon today, but ther...

The Power of Stablecoins

10 May 2021 5 minute read 0 comments Invest0x

Do you get the sense sometimes that ideas that have been floating in your head suddenly clicks into place? Things that didn't make any sense before is now so obvious? I woke up this morning with this feeling because I had a brilliant idea that I...

Glassnode shows BUSD concentrating according to Herfindahl Index (on-chain data)

9 May 2021 4 minute read 0 comments SirK133

Today’s chart that the cat dragged in is showing one niche metric suggesting that we have a big spike in whale wallets market share on BUSD. What is Herfindahl Index and whats going on with BUSD - all of that here. So, ever heard that curiosity kille...

Crypto Savings Account - Blockfi

5 May 2021 2 minute read 0 comments Happy_rouge

I think I found a "savings" account that uses crypto. Blockfi. I was trying to find something to not replace my savings account but to boost it. Currently I use 2 different banks for savings. Bank 1 is my main bank that everything goes in and out of,...

BABELFISH COMMUNITY: If you don't feel like you're part of a community, then you're not doing crypto correctly

2 May 2021 7 minute read 4 comments NOVAX

Read my previous post: Revolutionary Stablecoin Protocol, Babelfish, is about to go brrrrrrr! $FISH $xUSD CRYPTOCURRENCY AND COMMUNITY Back in 2017-2018 when I first started getting into cryptocurrency, I was mining a lot of Ethereum (and then wasti...

Revolutionary Stablecoin Protocol, Babelfish, is about to go brrrrrrr! $FISH $xUSD

2 May 2021 4 minute read 14 comments NOVAX

Read my previous post: What Action Did I Take During This Bear Scare? IS IT MONEY PRINTING TIME AGAIN, ALREADY? I recently began conducting a bit of market research into the #MetaMarketCap of various world markets, including fiat, stocks, and crypto...

Iron : the stablecoin you should look into

1 May 2021 3 minute read 3 comments VeryKoolKat

UPDATE : ValueDefi got hacked, again. I do not recommend you to put any liquidity in their farm right now. Iron Finance is moving their farm on another platform, I'll create another article whenever it's ready. This article is therefore outdated and,...

Stablecoins and their benefits

29 Apr 2021 3 minute read 2 comments NOWPayments

April 29, 2021 by Walt Cryptocurrencies have evolved over the past decade from a province of geeks to a multi-billion-dollar industry. Recently, the crypto sphere has seen a rise in innovative platforms and solutions inspired by Bitcoin and seeking t...

Stablecoin Supply Ratio vs BTC is at the 5-month low

28 Apr 2021 1 minute read 0 comments SirK133

Today’s chart that the cat dragged in is the 7-day moving average of Stablecoin Supply Ratio to BTC (SSR) which has reached its lowest point in 5 months. Five months ago, those were the times when 1BTC could still be bought below 20k USD. Chart by G...