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.


0 friction stablecoin conversion on ViteX

17 Sep 2020 1 minute read 0 comments Isda Chen

Why  you need stablecoin conversion With the popularity of the DEFI concept from the Middle of June, stablecoins also had an eruption and the total market cap attained over 14 billion USD. There are many scenarios that need to use stablecoins, but e...

Worried About Ethereum Transaction Fees? Try Out Stablecoin on Tron Blockchain

16 Sep 2020 1 minute read 0 comments NOWPayments

For the past few weeks, there has been an increase in ETH transaction fees, which has led to a disruption in the market, when they reached an average of $10.33. It called for the need for alternatives that can save traders from the skyrocketing trans...

EU Heavyweights Want Stablecoins to be Regulated Before Being Allowed to Operate

16 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Five major European nations have called for stablecoin regulations, as fears mount over state sovereignty and consumer protection, according to a Reuters report published on September 11. France, Germany, Italy, the Netherlands and Spain have all as...

tablecoins post triple-digit growth in 2020

11 Sep 2020 1 minute read 0 comments TrinityJc

   In spite of stablecoins posting triple-digit market top development this year, rivalry from ventures sponsored by major money related and tech partnerships is not too far off.  The flexibly of the Coinbase-upheld stablecoin USD Coin (USDC) has d...

Celo -The Cellphone Cryptocurrency Payment System

10 Sep 2020 7 minute read 19 comments The Part Time Economist

Celo is a crypto-currency that wants to make financial services available to anyone that has a mobile phone. One of Celo’s main goals is to make it possible to send cryptocurrency to anyone simply by using their cell phone number. In theory, this wou...

Canadian Stablecoin Platform Comparison

8 Sep 2020 1 minute read 4 comments cryptoforcanadians

In one of my previous posts, I wrote about how PayTrie's a convenient way to buy stablecoins in Canada. As there are other platforms in Canada that I have learned about that also sell stablecoins since publishing that post, I thought I'd write a new...

Got Spare Stablecoins? Try this!

8 Sep 2020 1 minute read 0 comments BrynnB

If by some stretch, you have a couple of stablecoins lying around, then I have some advice for you! Firstly, I have to ask what it is you're actually doing, since coins like DAI, USDT, USDC and PAX are hot topics for DeFi liquidity - place stablecoin...

(CGLD) Celo Gold, borderless, permission-less payments from the ease of your smart phone

7 Sep 2020 1 minute read 0 comments Andann427

(CGLD) Celo gold is the native utility, governance/ staking token of the (CGLD) platform. The evolution of this decentralized assets is in the hand of the holder and all decisions are made by agreement. There mission is quite simple, the mission is t...

Brazil eyes 2022 for issuing a CBDC as China nears a full digital RMB launch

7 Sep 2020 2 minute read 0 comments fklivestolearn

With China on track to launch its digital currency soon, other major nations like France, Japan & now Brazil are intending to do the same   Onthe face of it, the pandemic caused a global disruption with millions losing their jobs as economies shut do...

Alchemy on Huobi

4 Sep 2020 1 minute read 0 comments TrinityJc

in celebration of $ACH first ever listing on Huobi Exchange Global they are co-launching with Huobi a signup bunos worth 180USDT for new user, Campaign ends at Sept 8.0000hrs (+8GMT) ACH rewards pool at 20,000 USDT on a first come first serve basis A...