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.


😎 Monitoring the Growth of Adaptive DeFi Money System - Dapp.com Supports Analytics for nDAU🎉

6 Jul 2021 2 minute read 0 comments Dapp.com

  We are thrilled to announce that Dapp.com has officially added nDAU, the world’s first adaptive Digital Currency powered by Cosmos’ Tendermint Core. Analytics for the nDAU blockchain is live and accessible via nDAU’s Profile. Further collaboration...

The United States can create a new monetary history using stablecoin

6 Jul 2021 3 minute read 1 comment Biznes-Broker

The USA is facing a historic opportunity! America can still save the US dollar and make it a total world hegemon. There is only a slight difference in the opinion of the crypto community about regulators. They believe that if a legislator is able to...

Creating a financial goal to save a minimum of 100$ in HBD savings

4 Jul 2021 3 minute read 0 comments Bala

Today I was reviewing my portfolio and I noticed that I don't have enough stable coin funds at all. I have been wanting to do some savings in stablecoin for a very long time. Every time I keep some reserved funds in the form of stable coins, there wi...

Polygon Yield Farming - UPDATE - 07-03-2021

3 Jul 2021 1 minute read 0 comments Johnny0x

-MAI/QI rockets with bullish pressure as they become the dominant launched stablecoin on Polygon.-Augury and PolyCrystal turn the corner to potential sustainability after substantial changes.-Wexpoly - bleeding slows Wault decides to stay the course...

Stablecoin Review: Binance USD (BUSD)

3 Jul 2021 6 minute read 4 comments MathTiger

This article is part of a series analyzing stablecoins pegged to the United States Dollar (USD).  Are all stablecoins equally stable?  In the coming weeks, I plan to analyze and rank each of the main stablecoins in the crypto ecosystem, in terms of s...

My Take on the Iron Finance Crash "Titanfall"

2 Jul 2021 5 minute read 0 comments flarnrules

TITANFALL   The decentralized finance protocol known as Iron Finance recently experienced a catastrophic failure, resulting in billions of dollars of value vanishing during a first its kind crypto-bank run. The IRON token is the stablecoin for the p...

You Shouldn’t be crypto if you don’t know Algorithmic Stable coins.

2 Jul 2021 2 minute read 0 comments Dileep Kumar

The problem with dollar pegged stable coins. Lets be honest , we part most the juicy gains we made from crypto in stable coins if we haven't converted it into fiat currencies. There are inherent risks in these dollar pegged stable coins.Some o...

$100 Million USDC Launched On Tron Blockchain + More Updates

1 Jul 2021 3 minute read 1 comment The Part Time Economist

I started out this morning sifting through various news sources and scouring #cryptonews on Twitter to do a weekly recap of the week's most important crypto news, but the more I looked, I saw that most of the news involved involved Circle's USDC stab...

TechLead Launches his own CryptoCurrency!

1 Jul 2021 1 minute read 0 comments Feedmypsyche

That's right! Youtuber TechLead has Launched his cryptocurrency MillionToken  🌕 Million is a decentralized digital currency pegged to a minimum value of $1.00 USD with a fixed-supply of 1,000,000 tokens, for a total market cap of $1,000,000+ USD. Mil...

CageChain Newsletter #168 | Reversing Crypto Transactions?, USDC Expansion, China's Crackdown, Crypto-Colonialism, South African University and More...

1 Jul 2021 1 minute read 3 comments KHubbard

If this first story isn't a testament to how much our lawmakers don't know about blockchain and cryptocurrencies, I don't know what is. Many in the cryptocurrency industry have long demanded that Congress provide "regulatory clarity" on how it will...