Defi and Algorithmic Stablecoin Demand Grows in 2021 Despite Large Centralize...

Defi and Algorithmic Stablecoin Demand Grows in 2021 Despite Large Centralize...

On Wednesday, October 13, 2021, the market capitalization of all the stablecoins in existence is around $134 billion, which is 5.60% of the entire $2.4 trillion crypto economy. While centralized stablecoin projects dominate the pack of dollar-pegged tokens, a great number of decentralized stablecoins have been moving in on these centralized competitors. Algorithmic or defi-styled stablecoin market caps have accrued billions of dollars this past year. While Tether and USD Coin Eclipse the Market, Algorithmic Defi Stablecoins Still Shine Tether (USDT) is one of the oldest and the largest....


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Messari: USDC set to become ‘dominant’ stablecoin on Ethereum

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An In-Depth Look at Olympus DAO Protocol and the Not-So-Stable Stablecoin OHM

In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional reserve currency defi protocols today, as OHM is a free-floating currency backed only by what’s held in the Olympus DAO treasury. OHM may not be backed by a U.S. dollar in the usual fashion, but the stablecoin’s $3.6 billion market valuation makes it the fifth-largest crypto reserve currency by market capitalization. Meet Olympus DAO: An Algorithmic....

Polygon-Based Defi Stablecoin Safedollar Plunges to Zero — Team Is Investigat...

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Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD

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NYDIG Paper Claims Algorithmic Stablecoins Are Impossible And DeFi Too Risky

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