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) Will Launch on TRON, Polkadot and NEAR

3 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

Ampleforth (AMPL) will launch on the TRON, Polkadot and NEAR blockchains, the Ampleforth Foundation announced on Dec. 2. The launches will make AMPL, with its elastic supply and fully decentralized model, the first independent multichain cryptocurre...

How OpenDAO plans to make a strong stablecoin

3 Dec 2020 1 minute read 0 comments lucasc

The OpenDAO team recognizes weakness in the current lineup of stablecoins. None of them really meet the requirements for a large-scale exchange of value like regular fiat money. When you hold a US Dollar, you generally know it will be useful. The Uni...

Visa Working with Circle to Integrate USDC into Payments Network

3 Dec 2020 1 minute read 1 comment Abhimanyu Krishnan

Visa has partnered with Circle to integrate USDC into its payments network, according to a Forbes report on Dec. 3. Visa announced that it will bring the USDC stablecoin to the 60 million merchants on its payments network The payments firm will not...

Project Libra rebrands as Diem and will soon launch single coin backed by US Dollar

3 Dec 2020 2 minute read 1 comment ircrp

  Back in the summer of 2019, Facebook the company behind project Libra with advanced plans of launching its own cryptocurrency with many partnerships such as Mastercard, Visa, eBay & Stripe have suddenly fallen through the cracks due to the global r...

What should I do if BTC is dropping?

3 Dec 2020 2 minute read 0 comments VNFC

hello dear Publish0x readers! few weeks ago I was writing about how to manage your trading portfolio on a Bitcoin trending course. Then, the BTC was around 17 500 $, went to 19 100, dropped to 16 600 and then up again to 19 600 $, very close to an AT...

Crypto Research Call Notes 11/02/2020

2 Dec 2020 1 minute read 0 comments Crypto Cartography

Coingecko now has a yearn.finance tag: (https://www.coingecko.com/en?category_id=yearn-yfi-partnerships-mergers&view=market) 1) VISA is opening it's payments network to USDC (and not XRP) 2) Found this interesting article from the University of Bern...

Facebook stablecoin: libra rebrands to Diem

2 Dec 2020 3 minute read 0 comments alberdioni8406

Article also published at my read.cash blog from my authorship. Recently the giant media corporation Facebook stablecoin, Libra, announced that will launch their coin in the early 2021 which will be pegged to a single Fiat currency, the US dollar. O...

Safe Ports - Stablecoin ...

2 Dec 2020 5 minute read 0 comments Nas.A

  Safe Ports - Stablecoin ...   Stablecoin is a cryptocurrency created to provide price stability. It removes security, privacy and volatility in payment transactions. It is fixed at the price of a commodity such as the US dollar or gold. Most Stable...

Syscoin Announcement: TUSD and other Stablecoins to adopt the SYSCOIN-ETHEREUM BRIDGE!

2 Dec 2020 1 minute read 4 comments drlove

BREAKING NEWS : https://twitter.com/syscoin/status/1334105854929498112 As has been speculated, stablecoins are now adopting the Syscoin Ethereum bridge and the entire TrustToken family of TrueCurrencies, including TrueUSD (TUSD), has bridged to Sysco...

Welcome AMPL, may it make us all rich

30 Nov 2020 1 minute read 1 comment ProjectJourneyman

So I'm no stranger to AMPL (Ampleforth), but I sadly sold mine before the latest surge.  Now it looks like I jumped way too soon!You see, AMPL differs so much from normal economics that it's hard to plan for.  It is the first (and most popular) elast...