Tethered Up: How Stablecoins Plan To Stay Stable
Many heads turned to the idea that a token meant to serve as a backed stablecoin may actually be manipulating the game. In enters Tether. These were heavy considerations especially with all of the beauty going on in the crypto world. Here is quick dive into what happened during the trials earlier this year, and how things have played out for the parties involved since. A New York State Of Affairs A complaint filed earlier this year claimed that Tether (USDT) had knowledge around the volatility of crypto’s total market capitalization, including a skyrocketing $795 billion in late....
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DAI is a stablecoin tethered against the price of the dollar, which helps ensure the value of this digital asset is as stable as possible. In a world of highly volatile cryptocurrencies, stablecoins like these become increasingly more desirable for users. Their benefit lies in the fact that they can actually be used as a […]
Stablecoins are a new idea that is being advanced by some people in the cryptocurrency community. A stablecoin is a digital currency with a flexible supply. The idea behind such a coin is simple: we create a cryptocurrency that uses some kind of metric to track demand for the coin, which will trigger an automatic increase or decrease in the coin’s supply. This is supposed to keep the purchasing power of the currency stable — hence the term “stablecoin.” The motivation behind the idea of a stablecoin is the belief that low purchasing power volatility will be the main driver behind....
Trump’s advocacy of US stablecoins may prove to be the accelerant for a stalled EU plan – the digital Euro. Supporters are rubbing their hands in glee that their beloved pet project, a CBDC for the Euro, may finally become a reality. It’s been languishing in legislative limbo since 2023, as lawmakers were skeptical of the project. The chances of the digital Euro being ready by the end of this year are slim at best. Even so, with major pro-crypto moves on both sides of the Atlantic, it’s a good time to get your crypto wallet ready. And while you’re at it, claim all....
Are stablecoins really stable? An in-depth case study based on the third-biggest stablecoin in the world answers the industry’s most pressing concerns. Stablecoins have emerged as significant players in the crypto market this year, driven by user demand for flexible liquidity in fiat currency times. These currencies are defined as a type of digital currency that can be pegged to underlying real-world assets or backed by them. These assets can be anything from fiat money, commodities like gold or silver, or even another cryptocurrency. As their name suggests, stablecoins are designed to....
Decentralized stablecoin DAI, native to Maker protocol, might become a major leader in the sector over the coming years. The digital asset was the most stable of the stablecoin in a period of 9 months, according to research published by Best Brokers. Related Reading: Ethereum Name Service (ENS) Moves Silently With 20% Rise, Will Price Retest $27? A stablecoin is a digital asset whose value is pegged to the U.S. dollar in a 1:1 parity. The concept is controversial in the crypto industry, as some of the most popular and valuable stablecoins have de-pegged and become unstable at some point....