The term stablecoin refers to any cryptocurrency coin or token pegged to an asset with a relatively stable price, such as fiat currencies or gold. A stablecoin can be under control of a central entity, such as Tether (USDT), or a Decentralized Autonomous Organization (DAO), such as Dai, a stablecoin which is issued on the Ethereum network. Nubits is another stablecoin which is partly controlled by a DAO, but is also under control by a central authority, representing a hybrid issuance model.
A stablecoin is typically backed by a reserve asset that has the exact equal value of the coin/token. The backup reserve can be a fiat currency, a precious metal (e.g. gold), or a cryptocurrency. The issuer, whether it is a central entity, or under control of a DAO, should only issue an amount of stablecoins equal to the backup reserve they own. New coins can be issued only when the backup reserve grows.
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Topic: STABLECOIN: comparison and opportunities - page 6. (Read 19334 times)
All specialized newspapers and magazines, forums, chats, reddit, twitter, etc. they are talking and commenting on the announcement of Circle to create its StableCoin (USDC); at the moment little news has been leaked except that at the launch USDC should exchange on Polinex (bought by Circle just a few months ago) as well as on OKEx, DigiFinex, CoinEx, KuCoin, Coinplug and XDAEX exchanges.
Many are saying that soon USDC will replace Tether and replace it soon.
https://www.coindesk.com/usd-coin-arrives-circles-crypto-stablecoin-is-now-trading/
There is no doubt USDC is a good addition to the space, but it is too premature for the talk of it displacing Tether, I know Tether is not perfect but with a marketcap of over $1 billion you need to do a lot before you catch up with that. For me the competion with help drive the prices of Crypto assets up. Many are saying that soon USDC will replace Tether and replace it soon.
https://www.coindesk.com/usd-coin-arrives-circles-crypto-stablecoin-is-now-trading/
All specialized newspapers and magazines, forums, chats, reddit, twitter, etc. they are talking and commenting on the announcement of Circle to create its StableCoin (USDC); at the moment little news has been leaked except that at the launch USDC should exchange on Polinex (bought by Circle just a few months ago) as well as on OKEx, DigiFinex, CoinEx, KuCoin, Coinplug and XDAEX exchanges.
Many are saying that soon USDC will replace Tether and replace it soon.
https://www.coindesk.com/usd-coin-arrives-circles-crypto-stablecoin-is-now-trading/
Many are saying that soon USDC will replace Tether and replace it soon.
https://www.coindesk.com/usd-coin-arrives-circles-crypto-stablecoin-is-now-trading/
Announced by the Eidoo Team the creation of a new stable currency attached to the precious metal, EKON, kept in the vault of the Eidoo headquarters in Lugano, Switzerland, and checked every 90 days (audit).
https://www.coindesk.com/swiss-crypto-startup-eidoo-announces-token-tied-to-the-price-of-gold/amp/?__twitter_impression=true
https://cryptonomist.ch/en/blockchain-en/eidoo-stable-coin/
https://blokt.com/news/eidoo-announces-new-erc20-gold-pegged-stablecoin
https://www.coindesk.com/swiss-crypto-startup-eidoo-announces-token-tied-to-the-price-of-gold/amp/?__twitter_impression=true
https://cryptonomist.ch/en/blockchain-en/eidoo-stable-coin/
https://blokt.com/news/eidoo-announces-new-erc20-gold-pegged-stablecoin
New update of public StableCoins Overview Report!
https://docs.google.com/spreadsheets/d/e/2PACX-1vTf2gZZJrpSXCxcx_pE4Sjta2lDnDXWbK0ARgoIw_HkYGoIdFtfi0QRJs3DFMnoaQm47cOxeS-0gSiI/pubhtml#
What's new? Terra, Gemini Dollar and CarbonUSD added!
https://docs.google.com/spreadsheets/d/e/2PACX-1vTf2gZZJrpSXCxcx_pE4Sjta2lDnDXWbK0ARgoIw_HkYGoIdFtfi0QRJs3DFMnoaQm47cOxeS-0gSiI/pubhtml#
What's new? Terra, Gemini Dollar and CarbonUSD added!
Here is an updated version of StableCoins Overview report - https://docs.google.com/spreadsheets/d/17giG2v5I7CrtiftvXooTFWoHqA0NKnHyOoy5fE8Tfms/edit#gid=0
Big thanks to all projects who provided updates on their stablecoins - globcoin.io_ Havven BitShares Coin Minexcoin AAA reserve!
Terra and Gemini will be featured in our new update!
Big thanks to all projects who provided updates on their stablecoins - globcoin.io_ Havven BitShares Coin Minexcoin AAA reserve!
Terra and Gemini will be featured in our new update!
New Stable Coin launched 2 days ago in the market, this time created by the famous twins Winklevoss:
The Gemini dollar is a stable value currency that is issued by Gemini, a New York trust company, tightly anchored 1: 1 to the US dollar, and built on the Ethereum network according to the ERC20 for token standard. The Gemini Dollar (ticker symbol: GUSD) combines the creditworthiness and price stability of the US dollar with blockchain technology and the supervision of US regulators, namely the New York State Department of Financial Services (NYDFS).
https://medium.com/gemini/gemini-launches-the-gemini-dollar-62787f963fb4
https://gemini.com/wp-content/themes/gemini/assets/img/dollar/gemini-dollar-whitepaper.pdf
We will see if this new Coin (GUSD) manages to win the confidence of investors and new slices of the market.
The Gemini dollar is a stable value currency that is issued by Gemini, a New York trust company, tightly anchored 1: 1 to the US dollar, and built on the Ethereum network according to the ERC20 for token standard. The Gemini Dollar (ticker symbol: GUSD) combines the creditworthiness and price stability of the US dollar with blockchain technology and the supervision of US regulators, namely the New York State Department of Financial Services (NYDFS).
https://medium.com/gemini/gemini-launches-the-gemini-dollar-62787f963fb4
https://gemini.com/wp-content/themes/gemini/assets/img/dollar/gemini-dollar-whitepaper.pdf
We will see if this new Coin (GUSD) manages to win the confidence of investors and new slices of the market.
The worst one is tether for sure, zero transparency. It has been disaster for the crypto community I hope new ones like trueusd will be better.
What do you think of the audit they finally provided? Can it be trusted?
Behind Tether there are very rich and influential characters, who have continued to make an avalanche of money with their new creature (tether itself), manipulating various exchanges to their liking (Bitfinex in the first place).
With the money you buy and do everything you want! ..... also an audit
Today more than yesterday!
The birth of new stable coins is fortunate
How about the stablecoins that exist in a working environment? Imagine an ecosystem build on the Ethereum or any other blockchain that uses stablecoins only for fiat representation on the blockchain itself? What do you think will happen to these coins and how will they behave?
The worst one is tether for sure, zero transparency. It has been disaster for the crypto community I hope new ones like trueusd will be better.
What do you think of the audit they finally provided? Can it be trusted?
Behind Tether there are very rich and influential characters, who have continued to make an avalanche of money with their new creature (tether itself), manipulating various exchanges to their liking (Bitfinex in the first place).
With the money you buy and do everything you want! ..... also an audit
Today more than yesterday!
The birth of new stable coins is fortunate
Couldn't agree more!
I will give myself a chance to consider those coins which you have been suggested here. At least, it gave me an idea which coins are stable and will invest those after I further studies all their specs.
The worst one is tether for sure, zero transparency. It has been disaster for the crypto community I hope new ones like trueusd will be better.
What do you think of the audit they finally provided? Can it be trusted?
Behind Tether there are very rich and influential characters, who have continued to make an avalanche of money with their new creature (tether itself), manipulating various exchanges to their liking (Bitfinex in the first place).
With the money you buy and do everything you want! ..... also an audit
Today more than yesterday!
The birth of new stable coins is fortunate
The worst one is tether for sure, zero transparency. It has been disaster for the crypto community I hope new ones like trueusd will be better.
What do you think of the audit they finally provided? Can it be trusted?
The worst one is tether for sure, zero transparency. It has been disaster for the crypto community I hope new ones like trueusd will be better.
At the moment the stablecoin which is moving better and growing in a sustainable and decentralized way (as in the spirit of blockchain and cryptocurrency) is definitely MakerDao, through Dai. It achieves its stability through intelligent contracts and the collateral (Ethereum), without the need for a guarantor.
MakerDao has just signed a partnership with Tradeshift, a leader in payments and supply chain markets, thus unlocking access to liquidity for companies around the world.
https://medium.com/makerdao/tradeshift-and-makerdao-leverage-blockchain-to-democratize-access-to-financing-for-worlds-small-98076fd05f86
MakerDao has just signed a partnership with Tradeshift, a leader in payments and supply chain markets, thus unlocking access to liquidity for companies around the world.
https://medium.com/makerdao/tradeshift-and-makerdao-leverage-blockchain-to-democratize-access-to-financing-for-worlds-small-98076fd05f86
We believe that stablecoins are of great importance to crypto economy.
We have compiled an overview of all existing Stablecoin projects (June 2018). You can check it out
https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-819d183f6ac7
We have compiled an overview of all existing Stablecoin projects (June 2018). You can check it out
https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-819d183f6ac7Excellent article
I am sure that with the maturing of the market, with the future launch of the first Bitcoin-related ETFs, and subsequently to the other main cryptocurrences, we will see the birth of many other STABLECOINs, safer and more solid than those of today, but I also fear that many stable of today they will fail and disappear.
There will be selection and evolution, as in every birth and growth of a new market.
Couldn't agree more! The race for the best stablecoin project has just begun. We will see in the future which one will prevail, and which one will disappear completely. But it is important to try and reach that "holy grail of crypto" and produce some really stable stablecoins, because that will most certainly benefit the whole community
We believe that stablecoins are of great importance to crypto economy.
We have compiled an overview of all existing Stablecoin projects (June 2018). You can check it out https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-819d183f6ac7
We have compiled an overview of all existing Stablecoin projects (June 2018). You can check it out
https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-819d183f6ac7Excellent article
I am sure that with the maturing of the market, with the future launch of the first Bitcoin-related ETFs, and subsequently to the other main cryptocurrences, we will see the birth of many other STABLECOINs, safer and more solid than those of today, but I also fear that many stable of today they will fail and disappear.
There will be selection and evolution, as in every birth and growth of a new market.
We believe that stablecoins are of great importance to crypto economy.
We have compiled an overview of all existing Stablecoin projects (June 2018). You can check it out https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-819d183f6ac7
We have compiled an overview of all existing Stablecoin projects (June 2018). You can check it out
https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-819d183f6ac7 
There are some important news regarding stablecoins today.
First of all Tether has finally passed some audit. It has been made by law firm of Freeh, Sporkin & Sullivan LLP. You can read their summary here: https://tether.to/wp-content/uploads/2018/06/FSS1JUN18-Account-Snapshot-Statement-final-15JUN18.pdf
And also TrustToken, the platform which is behind TrueUSD, has announced about gathering of 20 millions $ from investment companys such as BlockTower Capital, Danhua Capital, GGV Capital etc, during the strategic round of investments attraction.
First of all Tether has finally passed some audit. It has been made by law firm of Freeh, Sporkin & Sullivan LLP. You can read their summary here: https://tether.to/wp-content/uploads/2018/06/FSS1JUN18-Account-Snapshot-Statement-final-15JUN18.pdf
And also TrustToken, the platform which is behind TrueUSD, has announced about gathering of 20 millions $ from investment companys such as BlockTower Capital, Danhua Capital, GGV Capital etc, during the strategic round of investments attraction.
yes, that right
Thank you for sharing your information. All of your introduced coins are very far from my understanding. As I can see your thought, it's just a defensive portfolio to face up with dumping market. However, it's better to own passive income coins which can help you to earn dividend, such as: NEO, Tcash, icon...
Exactly they are defensive "coins" that protect your portfolio and assets during the market downturns, which can be violent and fast, or be very long and severe, like the current correction, or the past one of 2014-2015.
Passive income coins you say like Neo, Icon, Stratis, Nav, etc. they are good in a growing market but when it is falling sharply they do not protect your capital in any way; in fact since the beginning of January, Neo loses more than 60%, Icon 70%, Stratis 80%, etc ... as you can see you can earn between 5-7-10% of passive income but you lose much more with the currency.
Thanks for the info and tips on your listed coins.
However, my opinion is that all "stablecoins" are actually all scams. A true digital currency can never be stable, heck, even traditional currencies are never stable. Markets move and prices change, these coins are artificially faking "stable" value and will end up all being exposed as scams that they truly are.
However, my opinion is that all "stablecoins" are actually all scams. A true digital currency can never be stable, heck, even traditional currencies are never stable. Markets move and prices change, these coins are artificially faking "stable" value and will end up all being exposed as scams that they truly are.
At your first statement that they are scams I answer that even Ethereum for almost 90% of the community was considered a scam and even today many users say it; bitcoin is considered scam by great minds, economists and bankers in the western world; almost every coin here in bitcointalk is considered scam by some fulder.
Finally, if he says that stable coins artificially falsify their value and can never be stable, I do not answer you and tell you to go and study them before shooting crap, not knowing what to talk about.
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