676 Articles 41 Followers

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.

Users Will Pay NUT Fees In EOSDT Starting March 16

12 Mar 2020 1 minute read 1 comment Equilibrium

We are making a change that significantly improves user experience with the Equilibrium framework. Starting next week, our users will deal with just one token — EOSDT — and be free of obligation to take exposure to other assets. It used to be that Eq...

Сryptocurrencies are a threat to the banking system

2 Mar 2020 1 minute read 0 comments Kluma

Deputy Governor of the Central Bank John Cunliffe told what advantages digital coins have, and why they can harm financial stability The development of the digital industry can become a threat to financial stability and the banking system as a whole,...

Stablecoins Popularity In Crypto And Other Industries On The Rise

27 Feb 2020 3 minute read 0 comments Andrey Sergeenkov

Stablecoins are on the rise within the crypto market space as more firms leverage these digital assets to attract larger communities and investors. These are typically security or utility tokens that offer crypto users less volatile alternatives give...

Standarta a new stablecoin..

26 Feb 2020 1 minute read 1 comment Crypto coffe & others

What I have learned in not even this year of cryptocurrencies is that any project is worthy of consideration, because what the bitcoin maximalists say in the future there will be room for more Tokens ...   To com...

Cindicator: Schnorr, Stablecoins and Privacy coins

21 Feb 2020 2 minute read 0 comments bengy

    Image from Google Play store, press kit for Cindicator   Cindicator has being spawning a batch of really quite long term predictions for this coming year (2020). The last batch were more to do with price predictions... which are tricky things at...

Tether accounts for more than 80% of stablecoin market

18 Feb 2020 1 minute read 0 comments mrnsaydou

if u Like the article , then plz don't hesitate to make a TIP for me and I'll be grateful to you ;) TETHER Has also gained market share recently   Read full report here According to ‘The Weekly Report’ by Arcane Research, Tether’s market share curr...

Publish0xTutorials: What to do with your DAI?

16 Feb 2020 5 minute read 5 comments bengy

  So, you have just cashed out your BAT (Basic Attention Tokens) from Publish0x (or elsewhere) and they are now sitting in a wallet to which you hold your own private keys. What to do with them now, what do they do? What is Dai?       Unsplash...

Cardano ADA and 2020 Stablecoin Market?

15 Feb 2020 2 minute read 0 comments TiddyBit

Opinion: Cardano what can I say. It has its problems but it still looks optimistic. I was lucky enough to gain entry around 3-4 cents before test staking came out right at its bottom dip around December 2019. With all of its news and hype that is gre...


8 Feb 2020 1 minute read 0 comments Franklinlee

What is a stable coin? So I this article, I will be talking about stable coins and what exactly they are. So no time, let's dive straight right into it. Stable coins are coins issued to the customers in exchange for a specified currency at a certa...

Announcing INSTARS <> DAI Partnership

6 Feb 2020 2 minute read 4 comments Insights Network

  Today, we're proud to announce our partnership with Maker DAO as we officially launch the Dai stablecoin integration on the platform. Starting now, users all over the world can now participate in market research such as surveys or uplo...