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.


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 CoachKCrypto

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...

PwC and Loopring: Stablecoin Report

16 Feb 2019 4 minute read 2 comments Loopring

A few months ago, the Loopring Foundation and PwC China began working together to explore some of the greatest opportunities and challenges facing the blockchain and cryptocurrency ecosystem, as well as traditional corporations who are navigating its...

Stable Coins - Do we need it?

4 Feb 2019 1 minute read 0 comments Wishiknew

Stablecoin A stable coin, as the name says, is a coin with a fixed price of a usual equivalent to $1.00. Different stable coins are back by different assets. Most of these stable coins issue by centralized parties except for Dai that will be further...

Havven Consolidating at Previous Resistance Turned Support

24 Oct 2018 2 minute read 1 comment Jonny Dale

Havven is a coin I've been following since its ICO. It is a crypto backed stablecoin project, which I quite like from a fundamentals standpoint. They have a strong team and a cool concept. In the short term we need Fiat backed stablecoins for traders...

ATTACK on #LUNA TOP10 validators – No #ANC airdrop?

20 Dec 2021 5 minute read 0 comments lolobu

Do Kwon’s mysterious proposal If you follow Do Kwon on twitter you might have seen a recent tweet about elimination of #ANC airdrops for delegators into the TOP10 validators for the #Luna token. It is not uncommon to promote decentralisation but it’...