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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.
A US state just figured out how to print its own yield. Not metaphorically, literally. Wyoming launched a state-issued stablecoin earlier this year, and the part almost nobody's talking about is what the state plans to do with the profits: fund publi...
The line between politics, sports, and crypto just became even thinner. In a move that is already generating heated debate across the crypto industry, World Liberty Financial's stablecoin USD1 was used to pay a $250,000 bonus pool during UFC Freedom...
What sounded like a fringe libertarian fantasy five years ago is now getting real - governments are starting to let people get paid in crypto. From Latin America to Asia, regulatory frameworks are shifting, making Bitcoin and stablecoins legitimate...
The global cryptocurrency market is currently processing a major regulatory shift coming straight out of Europe. Under the newly implemented Markets in Crypto Assets framework commonly known as MiCA, stablecoin issuers are now required to meet stric...
There's a clock ticking in Washington right now, and most of crypto Twitter hasn't noticed it yet. Yesterday, JPMorgan's analysts published a report that should've rattled every crypto portfolio holder. The Clarity Act, the bill that would finally de...
Why I built a zero-KYC crypto commerce platform A few years into holding crypto I noticed something that should not make sense, which is that I owned a meaningful part of my own savings outright and still needed someone's permission to spend it. The...
For a long time, I assumed stablecoins were the end game. Crypto needed digital dollars. Stablecoins provided them. That was it. At least that’s what it looked like. But the more I looked into what banks and regulators are building right now, the mor...
Hey RafiOnChain here. And I want to tackle something that dropped this week that I think deserves a proper breakdown rather than the usual crypto Twitter pile-on. On May 26th the Wall Street Journal published a piece by Greg Ip, their chief economics...
The week of May 19–24, 2026 produced an unusual concentration of stablecoin signals. Stablecon EMEA convened in Amsterdam on May 19–20, drawing 1,500+ senior leaders from Visa, Deutsche Bank, Binance, and Flutterwave for two days of sessions on progr...
No government has announced or talked about it nor has any central bank issued a press statement. There are no headlines declared the moment it began. However, money which is the one thing states have controlled more jealously than almost anything el...
