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.


Ampleforth (AMPL) Integrated for Tipping on Publish0x

24 Nov 2020 7 minute read 70 comments Dan Bainbridge

You might have noticed that we have become a little DeFi obsessed here at Publish0x. Simply put, we think DeFi is where the activity is in blockchain right now. Obviously, Bitcoin is getting attention, and don’t get us wrong, we LOVE Bitcoin. But on...

Why $AMPL Will Be a Better Digital Cash Than Bitcoin

8 Feb 2021 4 minute read 25 comments Brawnd0

Today, the entire industry received some great news. Elon Musk is finally on the Bitcoin bandwagon after the announcement that his company, Tesla, purchased $1.5 billion worth of Bitcoin. Yes, one point five BILLION; This is some fantastic backing f...

Why would you hold AMPL during a run of negative rebases?

14 Dec 2020 3 minute read 26 comments Brawnd0

Since the integration of Ampleforth into the Publish0x platform, I was quite surprised to see a tonne of controversy surrounding its rebasing mechanism. It seems to me that some people are quite confused about what Ampleforth provides and the directi...

DeFi components on Tezos: USDtz

25 Dec 2020 5 minute read 8 comments Allen Walters

With the launch of several DeFi components on Tezos in the next few months, I decided to start a series that describes each component.  USDtz is the first USD-pegged stablecoin on Tezos. It was launched in May this year, and anticipated a future dema...

Tether (USDT) Listed on Coinbase! So, All Is Good Now, Right? Not So Fast!!

27 Apr 2021 9 minute read 8 comments Michael @ CryptoEQ

News recently broke that Coinbase will list the Tether (USDT) on its CoinbasePro trading platform. Users will be able to deposit USDT starting next week. This is the latest, in a long line of developments, that have served to legitimize USDT. Prior t...

The TITAN & IRON Algo Stablecoin $1.75B Disaster

26 Jun 2021 4 minute read 13 comments MintDice.com

As a cryptocurrency investor, the product you are investing in is inherently unstable, and you need to be prepared for the impossible. But sometimes it can be difficult to imagine just what the impossible may be. If you are a TITAN or IRON investor,...

Regulators begin to focus on Tokens, NFTs and Stablecoins - Syscoin is Ready!

13 Jun 2021 1 minute read 24 comments drlove

Recently, an announcement by the SEC of Thailand made headlines. Speculation in assets with 'no clear objectives or substance' are banned from authorized exchanges in Thailand. This is just another step in the direction of regulation. We will see mor...

Explore OUSD - Stablecoin that Earns Yield on the Fly

26 Oct 2020 5 minute read 10 comments Brawnd0

Origin Protocol is a cryptocurrency project that is designed to enable real peer-to-peer commerce. Their ethos is simple - remove the middle-man and cut down on fees.  Currently, the entire commerce industry is run through intermediaries. Want to lis...

Yes, You Can Make BIG Returns Investing in AMPL: This is How

26 May 2021 2 minute read 16 comments zacharias

A lot of confusion surrounding how Amplforth and more specifically AMPL operate has led to a larger misunderstanding of the value of this cryptocurrency. Many see it as just a bad stablecoin or only see FORTH, the governance token, as the leading can...

Yearn Finance Vaults Explained

2 Jun 2021 3 minute read 3 comments RelyOnCrypto

Before we get started, if you're new to Yearn Finance and need a recap, check out my previous article here.   Yearn vaults are funds that are pooled together with a plan for maximizing the value of the asset in the vault. Vault strategies are more ac...