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.


RIPPLE XRP : INCREDIBLE NEWS RELEASED by BRAD GARLINGHOUSE - CELSIUS the App for Earning on your crypto

16 Nov 2020 1 minute read 0 comments Digital Asset Culture - YouTube Channel - France

In this article, and the video following, I am going to unveil you an incredible news that has been released by Brad Garlinghouse, a few days ago. This astonishing news is about the place of stablecoins backed by governments. This incredible news gi...

OpenDAO Cashboxes - Limit orders on DeFi!

11 Nov 2020 1 minute read 0 comments psy

OpenDAO.io have invented a new way of trading on DeFi, which functions like limit orders on an exchange, and removes the risk of impermanent loss that comes with DeFi liquidity pools. Let's break it down! Cashboxes, as they call them, can be created...

Full List of Maker's Collateral Tokens & Assets

3 Nov 2020 4 minute read 3 comments D3F1

MakerDAO is the governance body behind the DAI stablecoin. Users utilize the Maker protocol to take out loans in DAI by depositing collateral into the protocol. The mechanism behind the protocol is what ensures that the loans don’t default and leads...

E&S Token Review: Maker

1 Nov 2020 3 minute read 11 comments MikeZillo

MakerDAO could be the best tokens fusion on the crypto world? Well, let’s start! First of all give me a minute to introduce you my new format. So, what mean E&S? E&S mean: Easy and Short. Why did I choose to create this format? I chose to start this...

Top Things You Should Know About Origin Protocol (OGN)

30 Oct 2020 8 minute read 4 comments MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for a blockchain platform that enables the building of decentralized marketplaces – Origin Protocol (OGN). Origin Protocol is a blockchain platform that enables true peer-to-peer co...

🚀2 New DeFi Stablecoins to Earn up to 21.89% APY

29 Oct 2020 1 minute read 10 comments Dapp.com

  When we mention stablecoins, you must think of three common stablecoins: USDT, USDC, and TUSD at first. DeFi is developing very fast, there are other stablecoins in the current market that worth knowing in addition to these 3 common stablecoins. ...

Explore OUSD - Stablecoin that Earns Yield on the Fly

26 Oct 2020 5 minute read 10 comments Brawnd0

Origin Protocol is a cryptocurrency project that is designed to enable real peer-to-peer commerce. Their ethos is simple - remove the middle-man and cut down on fees.  Currently, the entire commerce industry is run through intermediaries. Want to lis...

The Neutrino protocol: an algorithm that subverts stable-coins

26 Oct 2020 5 minute read 11 comments MikeZillo

All cryptocurrencies are characterized by a very high volatility that prevents the expansion of the technology on a large scale; to try to overcome this inconvenient feature, stable-coins have been established. Stable coins are nothing more than cryp...

Psyche is algorithm based stablecoin

26 Oct 2020 4 minute read 0 comments JaksHitam

Since the start of the crypto upset, numerous things have begun to push ahead. However, to push ahead, we needed to defeat significant impediments in any semblance of the cryptographic money unpredictability. While numerous individuals were searching...

Regulatory framework for digital Yuan is out

25 Oct 2020 1 minute read 1 comment Blindworld

CBDCs was in the spotlight for a few months now. China recently tested its Digital Yuan payment system in Shenzen where citizens claimed approximately 30$ worth yuan and spent it across shops. A proper regulatory framework was a requirement for a CBD...