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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.
In Argentina, rent, utility bills and even part of a salary can now be paid in stablecoins. More than 15,000 businesses there accept them, and some employers pay bonuses in USDT so that workers don't lose purchasing power as the peso weakens. That i...
Core Question As I was picking out the crypto I wanted to go with, I ended up going down a rabbit hole of endless possibilities. Nothing seemed good... I was trying to find the best crypto for my needs, however I ended up dismissing every singl...
Tether's USDT and Circle's USDC together make up the bulk of the stablecoin market. Both promise the same thing: every token is backed by real assets and redeemable for a dollar. The question that matters is not what they promise, but whether you can...
Introduction Twenty-one banks. Two hundred seventy million dollars. No CEO. No final name. And a launch date still more than a year away. That is the strange shape of Project Faro, a joint stablecoin venture that Goldman Sachs, Citigroup, Banco San...
Freelancing across borders used to mean waiting days for a bank transfer and losing a slice of every invoice to fees. Crypto payments fix the speed problem — but only if you set them up right. Here is a practical setup that works for real client work...
Introduction Over the weekend, one user sent 848.8 USDT from MEXC to OKX and watched it stall in a risk review. Other users reported held transfers too. The reason behind it was the MEXC FinCEN order, a US rule that does not take effect until 30 day...
The cryptocurrency industry loves to talk about interoperability. Bridges, wrapped assets, cross-chain liquidity, and multi-chain ecosystems have become common buzzwords. At first glance, the idea sounds appealing: move assets freely between blockcha...
The DigiByte ecosystem has always thrived on innovation, community involvement, and a commitment to building decentralized solutions that serve real-world needs. Recent ThawDay updates have brought significant progress to the DigiDollar ecosystem, sh...
Greece has now officialized it's cryptocurrency tax framework, passing a bill which introduce a flat 10% capital gains tax on crypto profit. This new legislation balances regulatory oversight with retail friendly exemptions which helps providing lon...
Stablecoins spent much of their first decade mainly as trading collateral. A growing share of activity now looks more like payments and settlement. By 2026, several major jurisdictions had moved from debating stablecoin rules to implementing them: Eu...
