Why Bitcoin Is The Only True Stablecoin
Stablecoins seemingly duplicate the problems created by fiat which bitcoin managed to solve.Those of you familiar with the wider cryptocurrency market are aware of centrally managed stablecoins — cryptocurrencies that are pegged to a reference asset such as the U.S. dollar. Examples of these are Tether (USDT) and USD coin (USDC) and there are others like Paxos and DAI but the two former appear to be the most widely used. Speculators often use them for trading bitcoin, but there are other applications for stablecoins that may be unknown to most.Use cases of stablecoins include lower-cost,....
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As long as stablecoin “liquidity is growing proportionally with each other," there won’t ever be true competition between stablecoins, says Frax Finance's Sam Kazemian. Stablecoin projects need to take a more collaborative approach to grow each other’s liquidity and the ecosystem as a whole, says Sam Kazemian, the founder of Frax Finance.Speaking to Cointelegraph, Kazemian explained that as long as stablecoin “liquidity is growing proportionally with each other” through shared liquidity pools and collateral schemes, there won’t ever be true competition between stablecoins. Kazemian’s FRAX....
The largest crypto exchange Binance announced that it will be converting stablecoin USD Coin (USDC), Pax Dollar, and True USD into its native stablecoin BUSD. This sparked a debate in the crypto community as many started speculating about the reasons behind this measure. Related Reading: Report: Crypto, PayPal, And Banks Use To Finance Terrorism, Only […]
In 2017 a blockchain-based crypto-lottery Flip’s Star (now True Group iGaming company) conducted its fundraising campaign featuring the TFL token as the native governance token of the project. TFL token is now a part of the True Group company, together with True Partners (casino operator), True Lab (game provider) and True Label (casino developing platform). […]
While the stablecoin economy has seen fluctuations from specific stablecoin tokens either increasing the project’s number of tokens in circulation or decreasing the supply, the stablecoin GUSD issued by Gemini has increased by 129.5% during the last 30 days.
GUSD Sees Supply Balloon by Nearly 130%
There’s been a number of changes within the stablecoin economy as Bitcoin.com News reported events like the demise of Terra’s stablecoin terrausd (UST), which is now referred to as terrausdclassic (USTC). Following the Terra stablecoin depegging event in mid-May, a....
The Shiba Inu ecosystem is one of the fastest growing communities in the crypto industry. The meme cryptocurrency has come a long way in a short time with lots of tokens and updates to its ecosystem, but it certainly still has a long way to go. In a recent not-so-surprise announcement, a core member of the Shiba Inu team hinted that a new stablecoin called Shi may be in the works. If the rumors are true, this could be huge news for SHIB holders and open up a whole new world of possibilities within the Shiba Inu ecosystem. Related Reading: Solana On Fire With Over 34% Rally Within A Week –....