Stablecoins will have to reflect and evolve to live up to their name
Stablecoins have the possibility to become a promising alternative system amid global inflation, but they must be auditable to remain stable. In the case of stablecoins, unfortunately, the name is so far a misnomer. The fact that stablecoins are pegged to a “real” asset does not equate to stability. Traditional underlying assets are not exempt from market fluctuations, and with the majority of stablecoins pegged to fiat, they can be just as unstable.What the name could be, however, is aspirational — something that stablecoins might yet live up to if they can tie themselves to a solid....
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Stablecoins aren’t anything new. They’ve been around almost as long as cryptocurrencies have, with the first bonafide stablecoin launched way back in 2014. Since then, they’ve largely been used by traders and investors looking for a temporary reprieve from volatility. But it wasn’t until relatively recently that stablecoins began to evolve to offer users more […]
The demo account, according to the company, uses identical live price feeds and commission pricing as live accounts. Evolve Markets is a privately owned brokerage firm which enables traders to invest in mainstream finance assets (commodities, forex, indices, etc.) using Bitcoin as collateral. The platform is also in news for offering the liveliest demo trading accounts to novice traders. The demo account, according to the company, uses identical live price feeds and commission pricing as live accounts. However trades execute differently because demo trades are not sent to the real market.....
Spoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back. Stablecoins are often discussed with regard to their “stability.” It is usually questioned whether a stablecoin is sufficiently backed with money or other assets. Undoubtedly, it is a very important aspect of stablecoin value. But, does it make sense if the legal terms of a stablecoin do not give you, the stablecoin holder, the legal right to redeem that digital record on blockchain for fiat currency?This article aims to look into the legal terms of the two largest stablecoins — Tether....
Just weeks after opening a Bitcoin (BTC) exchange-traded fund, Evolve Fund has opted to file for a similar ETF product based on Ethereum (ETH). With $1.7 billion assets under management, Evolve is a Canadian-based ETF provider that specializes in “bringing disruptive innovation ETFs to Canadian investors.” Just a month prior, Evolve Funds scored an approval from the Canadian government to proceed with listing their Bitcoin ETF on the Toronto Stock Exchange. Found under ticker EBIT.TO, […]
In 2022, crypto investors might turn to the old instrument of market stability — gold. There are various gold-backed cryptocurrencies on the decentralized market. In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.The crypto market is in a downward spiral, with Bitcoin (BTC) plunging over 50% below its peak price. In an even more dramatic slump that’s now making all the headlines, Terra’s LUNA dropped....