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.


Stablecoin Could Be Regularized (FSB Rules)

23 Apr 2020 1 minute read 2 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

For once the problem isn't Bitcoin or Ethereum, according to the F̷i̷n̷a̷n̷c̷i̷a̷l̷ S̷t̷a̷b̷i̷l̷i̷t̷y̷ B̷o̷a̷r̷d̷, 🆂🆃🅰🅱🅻🅴🅲🅾🅸🅽🆂 should be regularized.The five largest stablecoins for 65% for all trading volume, despite representing less than 4% of the...

The United States Congress has more than 30 crypto laws in the wallet

29 Apr 2020 1 minute read 1 comment CRYPTOUS

The United States Congress evaluates 32 laws related to cryptocurrencies and blockchain technology . According to Forbes magazine, 13 of those projects focus on crypto regulations and tax laws.   After the appearance of the Facebook Libra project , i...

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...

DeFi Major Functions

8 Jul 2020 2 minute read 0 comments CoinSteps

Decentralized Finance, most widely known as DeFi for short, is one of the hottest topics in the crypto space. There is a high possibility you already know what Defi is and its uses. Briefly the idea behind it is to take banks and governments and let...

⭐️ 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...

Episode 71: Lets Talk Stablecoins, Bitcoin, and XRP Interview with Diana Barrero Zalles

9 Jun 2020 1 minute read 0 comments NewCreationCapital

Audio:   Video:     Join The New Creation Cronies Telegram Group In Episode 71: I sit down with Diana Barrero Zalles and talk about stablecoins, bitcoin and XRP.  This is our Story of the Day Helpful Links: https://minepi.com/NewCreationCapital Bit...

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...

Curate Bitcoin 04/14/2020 by dobobs

15 Apr 2020 5 minute read 0 comments dobobs

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CURATION. Every investment and trading move involves risk. You should conduct your own research when making a decision. Bitcoin News R...

USDC secured second place in the ranking of largest stablecoins!

4 Jul 2020 1 minute read 0 comments InsanisFox

The stablecoin capitalization continues to grow, recently the value of USDT (Tether) exceeded $ 10 billion. This coin was able to get into the top three leading digital currencies. Observers note that stablecoins provided with fiat money are very pop...

Half of PAX stablecoin transfers are linked to a Ponzi scheme

13 Jun 2020 1 minute read 0 comments NassiroV

Image Source CoinMetrics offers a weekly report called “State of the Network” which analyzes crypto networks for trends. In the latest report, CoinMetrics looks at stablecoins, their distribution and how they are used. PAX highly involved in MMM pon...