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.


Are they crypto? Are they money? Stablecoins under the radar!

21 Jun 2020 5 minute read 1 comment Heruvim78

Stablecoins. We keep hearing this term, but do you really know what they are and how they work? I will try to explain the basics, so you will know better how to deal with them. While Bitcoin provided the ground for the crypto-market, with all the tec...

⭐️ What is the best StableCoin?

20 Jun 2020 2 minute read 1 comment resiliencia

Hello! I did a quick research about Stablecoins. I want to know which is the safest crypto to store value if I don't want to convert it to fiat. Many will say that the best crypto to store value is Bitcoin itself, but I want to store the value when I...

Stablecoin alternatives to USDT - What are They & Should You Use Them?

19 Jun 2020 6 minute read 11 comments D3F1

Cryptocurrencies are extremely volatile, there’s no question about that.  Price swings of 10% or more in a day are not uncommon and this extreme volatility can provide traders with lucrative opportunities.  However, cashing out crypto to fiat only to...

Earn 11% Interest On Stablecoins @ Bank of Hodlers

19 Jun 2020 1 minute read 0 comments MrBitcoin

Earning With Stablecoins and more. https://app.bankofhodlers.com We provide 11% interest on all our supported stablecoins - USDT, USDC, TUSD, PAX, BUSD and DAI   Stablecoins are cryptocurrencies that are pegged to an external reference, with the mos...

Will Bitcoin replace the current traditional payment system?

17 Jun 2020 2 minute read 0 comments Mabla

At beginning of the bitcoin Era around 2010 2 pizzas were bought with 10 000 bitcoin. since bitcoin was claimed to be capable of replacing the current traditional payment system and it proved it can then that’s when people started to adopt bitcoin an...

What drives demand behind the Stablecoin $ 10 billion market capitalization milestone?

16 Jun 2020 2 minute read 0 comments PassionCryptodotcom

The growth of stable parts in 2020 is unlike anything seen before. Every week more and more fiat-guaranteed crypto assets are printed, almost as quickly and as often as the Federal Reserve prints new cash. After the final boost, total stable market c...

Everything you need to know about DAI

16 Jun 2020 4 minute read 0 comments Cryptomeitei

Hello guys this is my third day on publish0x and i am very much pleased to see the  response from the  readers out here. In this article i am going to share you everything  about one of the most popular stable coin DAI. Before that lets fully underst...

What is PAX Gold (PAXG)?

13 Jun 2020 3 minute read 0 comments Yasin

The PAX Gold token (PAXG) is a digital asset that represents one fine troy ounce of a London Good Delivery gold bar. The gold bar is stored in professional vaults in London. Unlike other gold-backed tokens by owning PAXG you own the underlying gold w...

People may be prohibited from owning gold. Stablecoins will save

13 Jun 2020 3 minute read 0 comments Kluma

History knows examples when in the XX century the authorities of large countries confiscated gold from private owners. Now the world is on the verge of a new economic shock, so there is a chance that the situation will happen again. Digital money wil...

What Are Stablecoins and How Do They Work?

10 Jun 2020 5 minute read 0 comments NOWPayments

One of the big reasons people use cryptocurrencies, and why other people hate cryptocurrencies, is the volatility. Ten years ago, a bitcoin was worth just a couple cents. Nowadays, one bitcoin is sold for more than 7,000 dollars, that’s a really big...