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.


DAI Token Integrated For Tipping on Publish0x

3 Jun 2019 1 minute read 80 comments Dan Bainbridge

Today we are super excited to integrate our 3rd token for tipping - DAI . The eth based stable coin created by the Maker DAO project smart contract. It's important to note that this is NOT a "sponsorship". We haven't taken any payment from MakerDAO o...

Facebook Launches Swiss fintech company

22 May 2019 1 minute read 1 comment Cryptogoon

  Facebook may be joining the world of cryptocurrency sooner rather than later.!! Libra Networks was registered on May 2 with Facebook Global Holdings as a stakeholder. Reuters first reported the development. The company which is based in Geneva was...

PAX Standard | Paxos, the stablecoin that seeks to modernize the economy

2 May 2019 1 minute read 0 comments wenxop

  Paxos Standard (PAX) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology.  paxos standard (PAX) is a stablecoin that is taking a stir in recent days and even more...

The Coinerium's token (CONM ) combines fast payments & volatility resistance

2 May 2019 4 minute read 0 comments Cryptoray

Read my post first at Noticiasbitcoin.io   The CONM token Coinerium is the proposal for payments and transactions of everyday life Occasionally it said Bitcoin is a form of stored value payment system or global currency. In a way, confusion or disagr...

TRON-Tether Partnership Adds a New Stable Coin to the Cryptocurrency Sector

28 Apr 2019 4 minute read 0 comments Mina Down

USDT-TRX is the latest example in the proliferation of stable coins that are adding use cases and helping to increase mainstream adoption of digital currency.   The TRON — Tether Partnership In March 2019, Tron (TRX) and Tether (USDT) announced a par...

Facebook's SECRET plan for crypto? They say they're building a stablecoin - but a $1 BILLION budget and 60+ person team says there's more...

9 Apr 2019 3 minute read 0 comments The Global Crypto Press Association

[An Official GlobalCryptoPress.com Report] - So far, the reports from Bloomberg and The New York Times, which have been the sources for this story say that Facebook's end goal is a stablecoin (a token always worth $1 each) for use in the WhatsApp mes...

USDX WALLET

8 Apr 2019 1 minute read 0 comments gors3333

Join USDX Wallet by this link to send and receive stable crypto with no fees - usdx.cash sign up   High demand for USDX stablecoin Unsurprisingly, in a situation such as this there will be a high demand for USDX as it is a stable cryptocurrency. Ev...

Stablecoins as Transitional and Linking Technology

25 Feb 2019 6 minute read 6 comments Niklas Spille-Scheich

This is a, more or less, direct reply to Joel Kovshoff's article "Stablecoins aren't the answer for Crypto!". A brief look around Boiled down to the essentials, "Money" is a tool to trade one thing you've got for another you want. On a sidenote, it m...

Worst thing about JPM Coin you need to know!

20 Feb 2019 1 minute read 6 comments groveguy

  Enough with the bashing of JPM coin and calling it the XRP killer. There is something that can happen which is much worse than the existence of JPM Coin let me bring that to your attention. So far we know it’s going to be a stable coin pegged with...

Stablecoins aren't the answer for Crypto!

17 Feb 2019 4 minute read 5 comments Joel Kovshoff

Please Subscribe and share if you enjoy the video. Jamie Dimon and Bitcoin JP Morgan's Jamie Dimon is well known for his hatred of Bitcoin and love for the blockchain. It is understandable that he does not really have any clue what Bitcoin was creat...