Stablecoin - News, Opinion & Analysis


375 Articles 29 Followers

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.

Will Stable Coins Be Affected By The Declining Value Of The US Dollar?

23 May 2020 2 minute read 0 comments PassionCryptodotcom

Stablecoins have grown by leaps and bounds since the start of 2020. As previously reported, stablecoins are increasing their market capitalization despite negative interest rates and many see a bright future for dollar-backed stablecoins in the years...

Uphold launched new stable coin centre!!

22 May 2020 1 minute read 0 comments Cryptohem

Being a user of brave browser i have an uphold account and so today i got an email from uphold about theire announcement of launching theire new stablecoin  centre.  Overview of Uphold Uphold is a  cloud base universal asset exchange service rather t...

Tether's USDT has surpassed XRP By market capitilization.

21 May 2020 1 minute read 0 comments Blockchain Times

Stablecoin Tether has just replaced XRP as the third-largest cryptocurrency and has become the second-largest altcoin behind Ethereum's Ether (ETH). Tether's USDT has just surpassed XRP in market capitalization, becoming the third-biggest cryptocurre...

Libra Association with a new general counselor: a former finCEN Director!

20 May 2020 1 minute read 0 comments alberdioni8406

The Libra Association backed by the Giant Media Company  Facebook hired former Director of Financial Crimes Enforcement Network (finCEN) as new General counsel. The new "heavyweight" from Libra will be the first General Counsel from the Association a...

All you need to know about DAI and Stablecoin

19 May 2020 3 minute read 0 comments AE22

First of all, WHAT IS A STABLECOIN? Stablecoins are just as the name implies. They are a cryptocurrency that has stability as their primary feature. They are pegged to the value of another asset and will hold the same value with that asset through ti...

Why CBDC's Can Help Crypto Adoptions

18 May 2020 2 minute read 0 comments reedyzzx

Central Bank Digital Currencies or CBDCs have become the subject of discussion since years ago. The idea of changing the form of money to become digital has been debated over and over again although recently it became much more appealing to the high...

Analyzing Asset-Backed Cryptocurrencies

18 May 2020 3 minute read 0 comments reedyzzx

Since Ethereum successfully became the second largest cryptocurrency in the world, many startups have been thinking of integrating real life assets into the blockchain through the utilization of smart contracts. They believe this type of “tokenizati...

FRESH 5 News To Make You Attract More Tether (USDT)

16 May 2020 1 minute read 3 comments SabineTheQueen

Say hello to your little PROFIT friend! Today we look out for Theher, also known as USDT. Tether is the most popular stablecoin right now. Stablecoin means that 1 coin equals 1 dollar. Let's head to the news! 5th: Bitcoin Market Connection When BTC g...

Stable Coins Guides - Capture your crypto value safely!

14 May 2020 4 minute read 2 comments Wishiknew

Stable Coins Source: Why do we need Stablecoins? Crypto can be very volatile. Within a day, it can go up and down by over 10% or even 90%. We need coins to capture the value and reduce volatility for it to be useable. Who use it? Traders...

Classes of digital currencies

13 May 2020 1 minute read 0 comments Tash356

Cryptocurrency is a generic term it can be used to refer to a digital currency or a class of digital currencies. Currently there more than 5k cryptocurrencies out there and each one of them can fall in one of seven classes give or take.  These classe...