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.


Stable Coins Don't Exist

12 Aug 2019 4 minute read 12 comments viraladmin

It's a term we hear and use all to often in cryptocurrency - stable coin. The truth is, however, in the history of man's monetary systems there has never once been a stable coin. The term stable coin is a complete misnomer and is actually the opposit...

Smash and Grab Podcast

28 Jul 2019 1 minute read 0 comments Jeffrey Allen Kaufman

A great interview with Olya Moskalenko from Anchor Stable coin.   Very informative show and I think you'll find her to be a great communicator and extremely supportive of Anchor's endeavors and direction. I also believe we will find the Anchor stabl...

What Is DAI Stable Coin ?

26 Jul 2019 5 minute read 0 comments PH-X

In short, Dai is a decentralized stablecoin created by MakerDAO (MKR). One Dai equals one US dollar (1:1 ratio) and will always remain so until the token is taken out of the circulation. One Dai will always be worth $1. No government or other central...

USDQ Coin (Stable coin):- This coin would be market leader near future.

26 Jul 2019 4 minute read 1 comment pinku007

About The Project:- Before share the prospectus and details of #USDQ coin, want to say something about stablecoins,-- In Cryptocurrency, stable is issued in parallel with cryptocurrencies, which is similar to Fiat-back stabilizers. However, the signi...

What is Platinum Q DAO

15 Jul 2019 2 minute read 0 comments Czai Delos Reyes

Everyone is discovering more and more everyday. We are building community, and here we are, two-thirds of the way through the stable coins revolution. The Digital currencies or the crypto currencies has presented a global range benefits, but the ext...

#Anchor A CRYPTOCURRENCY ANCHORED TO THE GLOBAL ECONOMY

11 Jul 2019 1 minute read 0 comments EbriDan

ANCHOR The first true stable cryptocurrency, not pegged to the USD, but pegged to the growth of the Global Economy. Unlike the regular stable coins the likes of USDT all linked to real world assets and the value of the United States Dollars, which de...

#Moozicore: THE WORLD’S FIRST LEGAL MUSIC STREAMING SERVICE ON THE BLOCKCHAIN

11 Jul 2019 3 minute read 0 comments EbriDan

#Moozicore is an online music streaming service on the blockchain that has a lot of interesting and new features. Moozicore has created a web panel for these services, all a user has to do is download the moozicore mobile app which is available on th...

Why I Think Everyone Should Have a Piece of MakerDAO ($MKR)

10 Jul 2019 2 minute read 7 comments kevW!ls0n

So I think it’s pretty clear that by now investors who are really into the market should get into at least one stablecoin. A lot of people have chosen to go into Tether (WHY?), maybe because that’s the easiest or most noticeable option but c'mon, ser...

4 Things You Probably Missed About MakerDAO (MKR) and DAI In June 2019

8 Jul 2019 1 minute read 1 comment Ed-california

It’s been an interesting week for cryptocurrencies, with the market going down a bit from its high last week. Things look stable. Stablecoins, of course, remain stable regardless, more or less.  And I’m not talking about Tether, oh God no. I’m talki...

A NEW STABLE COIN PEGGED TO INDIAN RUPEES! GET FREE 40 INRD TOKENS

6 Jul 2019 1 minute read 0 comments Poorguy

Created by RupayToken A new stable coin has been recently launched and it's pegged to Indian Rupees. Why use it? For a higher priority to Indians, the platforms allows Indians to deposit and withdraw using their bank account. The token has many use c...