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.


How to use Syscoin masternodes to increase your own stash

26 Jul 2020 2 minute read 4 comments Heruvim78

As I was talking about Syscoin, taking the world by storm, and getting pumped after their collaboration with Binance (short story, Binance use Syscoin bridge technology to make their own stable coin BUSD available, cheaper and faster than their ETH b...

Corion Foundation spread of stablecoins, DeFi, CBDCs

26 Jul 2020 3 minute read 0 comments Zulus

Good day, everyone who decided to read this article. Nowadays, it is very important for everyone who is interested in blockchain technologies to be on the subject and learn news from this area. I am also interested in finding new projects, studying,...

How Ampleforth Works: A Volatile Stablecoin

22 Jul 2020 1 minute read 0 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Ampleforth (AMPL) is a very particular stablecoin that bases its value on the "Consume Price Index", or on the purchasing power of the dollar (inflation) in the year 2019.How does the Price Target take place? The value is established by Chainlink whi...

Ampleforth Token as a Collateral at MakerDAO?

21 Jul 2020 6 minute read 1 comment Chenhuang_defi

Ampleforth is the hottest thing in these crypto streets right now. In early June 2020, it was beyond #350 on coinmarketcap, and today we can welcome it into the top 50 ranked cryptocurrency projects as it reached above $250 million market cap value....

The big threat to the price of bitcoin

20 Jul 2020 4 minute read 0 comments Aristos

Like many clouds did not begin to gather? Are those who claim that the rise of the cryptocurrency market is due to the "pump" of stablecoins right? Fears of Tether crashing.   Stablecoins (cryptocurrencies that have a "locked" exchange rate with anot...

mStable / MTA

20 Jul 2020 1 minute read 0 comments Dave1280

Exploring promising projects in the DeFI landscape, I found myself researching mStable, and was impressed with everything I read about this. mStable aims to unite stablecoins, lending and swapping into one standard to address what they see as the pr...

DAI Vs USDT: Which is better?

19 Jul 2020 1 minute read 1 comment MadMaxx

Before we get started, how would you like some free money? I'm sure you would. For a limited time, BitMax has partnered with Solana to airdrop SOL tokens to users. Historically, SOL price has spiked up after each listing on a new exchange. Use this l...

The Best CEFI and DEFI Stablecoins

19 Jul 2020 2 minute read 2 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Stablecoin may all look the same, but this is not the case. A distinction must be made between CEFI and DEFI ones.The DEFI ones are censorship-proof, decentralized, unregulated and not collateralised by real assets. In these cases, smart contracts ar...

Introduction To Meter Currency- A Coin With Stable Purchasing Power

17 Jul 2020 3 minute read 0 comments Iforbusiness

Most of the people in crypto are just take profits from the price fluctuation of crypto or you can say to trade in crypto, they don't use crypto for doing or accepting payments because of the same fluctuation characteristic of crypto so here fiat cur...

Top Things You Should Know About Ampleforth (AMPL)

17 Jul 2020 9 minute read 4 comments MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for one of the most interesting projects in Ethereum DeFi – Ampleforth (AMPL). Ampleforth is a relatively new and unknown DeFi project with some very interesting, complex, and lucra...