The Biggest Story in Crypto: The Stablecoin Surge and Power Politics
Nic Carter appears on our new Opinionated podcast to discuss the $20 billion stablecoin phenomenon and its implications for the global financial system.
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The crypto market has been struggling to gain momentum in recent weeks, with Bitcoin and major altcoins falling to new lows this cycle. Price action has been far from encouraging, leaving many traders questioning whether the market has already reached its peak. However, a closer look at stablecoin data tells a different story that suggests […]
An early trope about bitcoin was that it was ‘non-political’ money. That’s a tantalizing notion, given the ugliness of politics. But a monetary system is a social system, technology is people, and open-source software development requires intensive collaboration – particularly around a protocol with strong network effects. When the group is large enough and the subject matter important enough, human relations become politics. I think that is true even when it’s not governmental (read: coercive) power at stake. Bitcoin’s politics burst into public consciousness last week with the “whiny....
One thing to be aware of in our world is, sadly, politics. Yes, Politics. It's 'smart-people' term for 'yelling about government.' Take it from me, Calvin Tran. I was oddly fascinated with politics in 3rd grade with the election of George Bush VS John Kerry. I was the typical brainless child who stood by his parents's opinions and with no real understanding of politics. This came back in 2011 when I discovered Ron Paul, and (yes, I can see your eyes rolling) I became enthused with the Libertarian ideals of free market principles and social freedoms. Since then, I've been enthralled by....
UST, one of the stablecoins of the Terra project, has become the largest stablecoin by market capitalization today, after having surpassed its Ethereum-based rival, DAI. UST is now the largest decentralized stablecoin in the market, closing a year of growth for the Terra ecosystem, which is now among the most valuable top ten cryptocurrency projects in the market.
UST Flips DAI As The Most Valuable Decentralized Stablecoin
UST, one of the stablecoins derived from the Terra project, has become the most valuable project of its kind by market cap, taking the spot that DAI, another....
Crypto and politics have begun to go hand in hand as the crypto community rallies behind pro-crypto politicians. Ethereum’s co-founder Vitalik Buterin recently had something to say about this growing trend and why it is against the values of the crypto industry. Crypto Is More Than Just Money In his article arguing against the support […]