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.


TRUE Stablecoins are pegged to the global economy.

10 Sep 2019 1 minute read 4 comments EbriDan

Everyone in the crypto community is familiar with the term "stablecoins", they are really important because of their fixed value, stablecoins are usually pegged to an asset of value, mostly to the U.S Dollars. There is a flaw with this idea, although...

Europen Union Devotes on Stable Currency

30 Aug 2019 1 minute read 0 comments CryptoArgha

Fiat Version of cryptocurrency also known as fiat currency are vulnerable to regulation There are few stable coins out there like Usdc , Gusd, Usdt, Tusd and Dai. According to article from finance times Europen Union released a new paper on Stable co...

Bitfinex are to release new stablecoins pegged to major commodities

30 Aug 2019 1 minute read 0 comments goldenforex

One of the universes greatest cryptographic money exchanging trades Bitfinex said they are hoping to add stable coins pegged to elastic, gold and unrefined petroleum, There are now some stablecoins accessible on the stage including Ties JPYT (Japanes...

Binance creates analog stablecoin Libra

19 Aug 2019 1 minute read 0 comments ihodl25

The world's leading cryptocurrency exchange Binance has announced plans to launch a “regional version” of Libra called Venus. According to an official statement, the main idea of ​​cryptocurrency is to deal with the existing financial hegemony, takin...

Cryptocurrencies in times of financial instability

18 Aug 2019 1 minute read 0 comments beachbummer

We are living in uncertain times caused by various events happening around the world. Protests by a third of a country's populace, hyperinflation, imposition of tariffs for global trade are just some of the recent events. Cryptocurrencies have been s...

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...