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Let's learn about Stablecoin via these 208 free blog posts. They are ordered by HackerNoon reader engagement data. Visit the /Learn or LearnRepo.com to find the most read blog posts about any technology.
A stablecoin is a type of cryptocurrency designed to maintain a stable value relative to a fiat currency or commodity, minimizing price volatility. Stablecoins are crucial for facilitating secure and predictable transactions within the cryptocurrency ecosystem, bridging the gap between traditional finance and decentralized applications.
The expression decentralized finance - often abbreviated as DeFi - describes to an alternative financial infrastructure built on top of the Ethereum blockchain. DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way. This article highlights opportunities and potential risks of the DeFi ecosystem. I propose a multi-layered framework to analyze the implicit architecture and the various DeFi building blocks, including token standards, decentralized exchanges, decentralized debt markets, blockchain derivatives, and on-chain asset management protocols. I conclude that DeFi still is a niche market with certain risks but that it also has interesting properties in terms of efficiency, transparency, accessibility, and composability. As such, DeFi may potentially contribute to a more robust and transparent financial infrastructure.
Do you remember when stablecoins were still just for hedging risks? In the crypto industry, just about anything can become a source of profit – including stablecoins. But which of the USD-pegged coins should you buy to maximize your earnings?
Stablecoins have become the most important source of short-term liquidity for central crypto exchanges. And among those Tether. What's the current scenario?
Tether is beginning to become a threat to fiat as a value transfer mechanism. There is significant evidence that USDT is where money laundering is occurring.
In 2021, we've seen the rise of blockchains challenging Ethereum, all-time highs, the NFT craze, new milestones, and a step to mass adoption of cryptocurrencies
Self-financed UBI is not science fiction; blockchain-based currencies like O Coin are designed to provide cost-free, universal UBI with no taxation required.
Stablecoin adoption has exploded over the last year, seeing a collective market cap rise from around $10 billion to over $100 billion. This was at least partly amplified by yield generating opportunities from the DeFi market boom and a growing interest in digital assets, providing the tokenized and frictionless benefits of moving between crypto and fiat over permissionless blockchains.
Stablecoin interest rates are set via governance, algorithms, or game theory, shaping DeFi monetary policies. Learn how MakerDAO, Aave, crvUSD, and BOLD do this
As restaurants, shops, airlines and factories shut down around the world, a global coronavirus-fueled recession is no longer a looming threat. It’s here. During the last downturn, I lost a lot of money and I don’t plan on doing that again. So, it is a great opportunity to reexamine it all and turn it into lessons or personal reminders.
Cryptocurrencies, although the best assets of the financial world, have since inception in 2009 seen their fair share of volatility-related issues. Bitcoin has historically been the most volatile of all crypto assets.
The most essential difference between Libra and Saga is a governance mechanism. In Saga, the owners of the currency and its "fate" so to speak are the SGA holders. Saga has a built-in democracy to prevent the case of plutocracy.
Explore the rise of RWA tokenization, from key players to market predictions, and how it’s reshaping finance with stablecoins and tokenized assets in 2024.
The Libra project raised market’s attention to stablecoin to an unprecedented level. It not only forces global financial regulatory bodies and central banks to take necessary measures, but also stimulates market’s enthusiasm in developing more stablecoins. Since Libra’s project scope is too large, it assumes a lot of risks. There is a big uncertainty in its future. But, Libra’s design and its experience can certainly be learned by other stablecoin projects. Better designed and more feasible stablecoins can be brought to the market.
2020 is proving to be the year of stablecoins. From $5.3 billion in January, the overall market capitalization of the stablecoin market skyrocketed beyond $13 billion as investors rushed to protect their capital from the effects of the global economic crisis. But why are some stablecoins growing much faster than the overall market?
Alyze Sam, Adam Alonzi, Patrick Devereux and Koosha Azim term themselves themselves ‘the Stablecoin Group’ as they collectively try to be the unbiased go-to for Stablecoin knowledge, with the help of their communities. Alyze Sam's book, ‘Stablecoin Economy’ was released May 14, 2020. This article is a section from my book that breaks down the top ten stablecoins. Please enjoy this free chapter and consider supporting my work, as I produce a stablecoin to reward children for altruism. Thank you!
Pop stars are never far from the news, and it can often feel like you’ve seen it all and heard it all when more coverage of glamorous exploits and overly-ambitious business projects emerge. However, US artist Akon may have broken new ground when he announced that he’s set to build a futuristic city in Senegal that runs entirely on cryptocurrencies.
The main focus on Libra so far was the stablecoin - a digital currency pegged to a basket of underlying assets. If the pegging mechanism works as intended, Libra coin won't undergo any crazy crypto pumps & dumps. Holders of Libra coin probably won't face any bigger risk than holding cash. This of course also means they won't make any money on the coin.
Holding a lion's share of total stablecoin market for years, USDT began to lose ground to its competitors. According to The Block statistics, currently, USDT accounts for 47.99% of total stablecoin supply. As of January 2021, 1st, USDT accounted for as much as 74.17% of the stablecoin market.
True value derives from the usefulness of an invention to solve a problem. Similarly, Ethereum derives its value from scarcity and its ability to problem-solve.
Humanity has come a long way from a barter-era economy to a modern, remotely functioning finances. Along that road, some developments have been positively received like the introduction of banknotes in China, while others were rejected or remained in the shadow.
How to get a loan secured by your cryptocurrency and make money on it? If you do not know anything about stablecoins with cryptocurrency backing or lending in decentralized finance, read this article.
Within just a couple of days, the price of LUNA crashed from above $83 to almost zero, and an algorithmic stablecoin of the ecosystem called UST lost its peg to the US dollar. This event shook the cryptocurrency market and pulled the prices of all cryptocurrencies down. Even USDT which is backed by USD and securities was traded at a rate slightly lower than 1 USD for a while. But while USDT recovered rapidly, UST after a short improvement continued its freefall.
Facebook recently announced their new Libra cryptocurrency, a stablecoin set to launch in 2020 which will initially let users transfer money between Facebook’s Messenger and WhatsApp applications. However, the larger goal of Libra is to transform the global economy. In conjunction with other companies and partners that make up the Libra Association, including payments companies, technology companies, marketplaces, and venture capitalist firms, Libra has the potential to do just that. Having been involved in the cryptocurrency industry for the last couple of years there is definitely a reason to doubt how decentralized Libra truly is and if it can even be considered a cryptocurrency. However, one thing is certain, given the proposed makeup of Libra it could ultimately replace all current stablecoins, and quickly.
The global crisis is causing an explosive increase in demand for stablecoins. Some even say that it's stablecoins that will drive the mass adoption of crypto, not hypervolatile coins like Bitcoin. It's time to ask the question: which stablecoins will benefit more from the recession – regular ones, such as USDT, or decentralized ones, like DAI and others?
When we transferred money overseas, we had to top up extra cash. Exorbitant remittance fees, foreign exchange rates, and commissions all meant that we had to transfer more than what our recipient needed, just so we could ensure that the recipient actually received the full amount.
Tharwa founder Saeed Al Fahim discusses building a stablecoin backed by UAE real estate, gold, and oil with AI-driven rebalancing and Shariah-compliance.
What happened when a stablecoin lost its footing and the sequence of events that led Terra and UST to experience a meteoric fall as a consequence of that.
The Money Tree, which should be familiar to researchers of CBDCs, is a good tool for differentiating cryptocurrencies, traditional bank deposits and CBDCs
Centralization runs deep in society in the form of corporations, businesses and governments. Not that they’re bad, but blockchain technology can offer a viable structural alternative by creating a more transparent and accountable system. The idea of open-source decentralization is to redistribute power and to create a fair and trustless system across all industries. This technological breakthrough, therefore, brings lots of promise and hope for the future.
The biggest factor behind major crypto adoption is the tokenization of non-crypto assets. However, these non-blockchain assets bring compliance into the picture
I lost my job because payment gateways like PayPal and Stripe did not offer their services to Nigerians. So I started seeking alternatives. This is my story.
With Paypal withdrawn and Visa and Mastercard soon to follow suit, the death knell has sounded for Facebook’s cryptocurrency, Libra. Here’s an analysis of what happened in just 4 months.
There is no question that stablecoins are making waves in the sea of cryptocurrencies. Binance research backs up this general sentiment, showing a rise in stablecoin popularity and trading pair usage in 2019. At the moment, fiat-backed stablecoins are flooding the market as a natural transition from our global fiat-driven economy; however, it’s only a matter of time before fiat-backed stablecoins are replaced with algorithmic coins that are better able to retain purchasing power over time.
Yield farming is putting your crypto assets to work to generate returns. Yield farming is one of the most popular uses of decentralized finance or DeFi.
The rising popularity of stablecoins has often been highlighted as an indication of the growing adoption of blockchain technology. With projects such as Facebook’s Project Libra and JPMorgan’s JPMCoin, it is clear that even large corporations from beyond the blockchain space are seeking to partake in this growing trend.
While the global economy is being severely impacted by the coronavirus crisis, we. at Sperax, a Silicon Valley-based blockchain company, are aiming to build a trusted infrastructure for a decentralized economy that provides far greater efficiency, flexibility and self-governance than the traditional economic model. The world needs decentralisation more than ever to bring everyone together, to collaborate and to share the value created.
Unlike highly volatile popular cryptocurrencies, stablecoins are virtual assets that maintain their value since they are pegged to less volatile assets.
In HackerNoon’s weekly polls, for 03/13/23 - 03/29/23, we asked the HN community of 4M+ monthly readers what stablecoins they trust. Here's how they voted.
The GENIUS Act is a significant law that provides startups, and particularly fintech firms, with a clear framework and protections that can spur innovation.
When people hear the word “stablecoin”, they generally think about a digital asset tied to another asset of stable value in order to ensure stability. Further breaking this down, many people will think of projects such as Tether or the soon to be “Libra” to better understand what a project is meant to do and how it operates.
With the DeFi revolution ramping up, the cryptocurrency community has witnessed the rise of stablecoins. Tether has been investigated and fined by the CFTC...
Uniswap is a decentralized finance platform that allows users to buy, sell, or trade digital assets such as Ether (ETH), ERC20 tokens, and DAI stable coins.
The article discusses the issue that regulations are coming to stablecoins and that Tether is to be blamed for it due to non-transparency in operations.
This article confirms Terra’s collapse findings across exchanges, urges better DeFi regulation, and highlights stablecoin risks for systemic financial stability
Your ultimate guide to CBDC (Central Bank Digital Currency), answering the questions what is it, what are its use cases and its impact on the financial system.
Stablecoins are digital currencies developed to minimize the volatility of the price of set stable coin. Stablecoins can be pegged to fiat currency, like the US Dollar, another cryptocurrency, like USDT, or to exchange traded commodities, like precious metals. As such, stablecoins are not intended as an investment vehicle, but rather a safeguard towards the underlying value of the pegged asset (b.g. US Dollar, gold, USDT).
Central banks are pushing for strict regulation of centralized, privately issued global stablecoins. Fiat-anchored crypto-currencies are being scrutinized based on the recommendations of the Financial Stability Board.
Backed is a Swiss startup on a mission to bring off-chain assets onto crypto rails. They issue ERC-20 tokens that track the value of stocks, bonds and ETFs.
Ivan Starinin and Alexander Salnikov are two alumni of Moscow’s elite Higher School of Economics that went on to forge a prolific entrepreneurial partnership in the blockchain space.
Cryptal.global is a platform for anybody looking to securely invest in lucrative international markets, ensuring they will get a return on their investment.
An explainer about Stablecoins and how they work. This piece covers the six different types of stablecoins, stablecoin Trilemma, and future of regulation.
For a mechanical entity that nobody was aware of just three years ago, blockchain has certainly come a long way. Bitcoin’s rise in popularity turned the blockchain technology that drives it firmly into the limelight, but what does the future hold for this brave new world?
Many people used to see stablecoins as a safe haven for extremely high interest earning, but the Terra Luna crash has made them realize the risks involved.
Explores the question of when an asset can be called money, particularly in the context of cryptocurrencies, role of supply/demand on volatility and stablecoins
The company’s Stablecoin-as-a-Service (SCaaS) solutions include custom development and advisory services as well as integration support with leading industry pa
A way to manage crypto’s trademark volatility, what a concept. Stablecoins are one of the most successful ideas that the cryptocurrency industry has produced.
SEC chairman Gary Gensler was sworn in as a Securities and Exchange Commission member on February 3rd, 2021. Many considered him Bitcoin-friendly and great for crypto as a whole.
Shortly after the United States assassinated influential Iranian military leader Major General Qassem Soleimani in Baghdad, the price of bitcoin spiked alongside gold and crude oil. Bitcoin’s price leap was especially significant because gold and crude oil are considered safe havens that tend to attract investment in the wake of economically destabilizing events like the strike against Soleimani in Iraq.
The new AI Trading Engine—“Hyperliquid for AI Trading”—unlocks real-time signal detection and one-click automated trading across both EVM chains and Solana. Tog
This article analyzes Terra’s collapse using hourly price and transaction data, showing key trigger events and Anchor’s unsustainable growth and risks.
Unit is a DeFi project that allows its users to create collateralized debt positions (CDPs) and mint the protocol’s native stablecoin. Be your own bank.
The global financial system is comprised of a framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing. Our current global financial systems are based on a series of historical events and innovations that brought us to where we are today. Historical markers such as the first minted coin, the use of paper money, the adoption of the US dollar as the international reserve currency, abandonment of the gold standard, and the ubiquity of mobile payments have all greatly influenced the way we exchange and store value on a micro and macro scale.
What's Stopping Cryptocurrency From Achieving Mainstream Adoption? The COVID-19 pandemic and the lockdown have increased the demand for cryptocurrencies/
Stablecoins have been gaining traction among users ever since their inception. Thanks to steady market growth, its risk-mitigating properties and DeFi and more.
In my previous article (So Many Public Chains, So Few Dapps), I pointed it out that too many public chains was one of the reasons that there were so few Dapps. App developers really do not want to develop their apps for so many blockchains.
Stablecoins are forcing a long-overdue upgrade of the global financial system, but they also pose risks to monetary sovereignty and consumer protection.
Is it possible to circumvent sanctions? Definitely yes! I discuss how stablecoins can be used against US sanctions. I mainly discuss Tether (USDT). Read now!
Stablecoins are a digital representation of fiat currencies on blockchains, developed to mimic the price of fiat currencies using a stabilization mechanism.
This article analyzes the Terra/Luna collapse, detailing its dependence on Anchor, the trigger events, and the inherent fragility of algorithmic stablecoins.
USD stablecoins feel like a return of those evil CDOs from 2008.
However, in their hundreds, they actually help keep the US dollar valuable as much as possible. Inflation abounding.
At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin...
. The round is led by HSG (HongShan Capital Group) and Peak XV Partners. A number of high-profile angels, partners of DST Global, and Goodwater Capital also joi
Nash is a stablecoin which is designed to maintain its price stability by using an algorithmic mechanism, without the requirement for central control on supply
The lid on the fabled "Facebook coin" project has been finally lifted in the middle of June. Libra, a name evoking an ancient unit of weight, scales of justice and a somewhat clever jab at Winklevoss' Gemini, has already been written about extensively.
Of course, Libra is not a paper tiger. Otherwise it won’t cause theimmediate concern of global financial regulatory bodies and central banks, as well as the hearings by United States congress. But, this project indeed has inherent risks which make it very vulnerable. There is a good chance that it may get seriously delayed or may be forced to shut down if it cannot deal with these risks appropriately. If, unfortunately, it is forced to stop, then its short period of existence is then really a paper tiger.
I explain stablecoin basics; bust some of the myths and explain the superpowers that will see them play a pivotal role in the landscape of digital currencies.
This development enables the integration of real-world yield sources into DeFi applications. Incentive programs from USDG and Ethena have launched to reduce bor
This initiative would be subject to a range of factors, including but not limited to, regulatory approvals, market conditions, technical feasibility, cybersecur
In May 2020, Deloitte mapped out 4 potential scenarios for the global travel and hospitality industry to get to the “next normal.” Each scenario evaluated known unknowns such as disease severity, government collaboration, healthcare response, economic consequences, and social cohesion.
This article finds that Terra’s collapse drove a spike in crypto market correlations, centrality shifts, and the exclusion of LUNA and UST from the network core
Magic Ramp allows Euros to be sent from any bank account and received as USDC on-chain in less than 30 seconds, with minimal fees while funds held in Web3 walle
USDz and sUSDz are already used across the DeFi landscape with integrations on over 35 protocols, including: lending and borrowing on decentralized platforms, l
Stablecoins, with a market capitalization of over $170 billion, comprise a significant portion of the crypto market. Until recently, it was believed that this type of cryptocurrency is completely stable and able to keep our funds safe from market fluctuations. The recent UST collapse has proven that this is far from the truth, at least in terms of algorithmic stablecoins that are not backed by stable liquid assets.
usdx.money aims to build the next-generation stablecoin infrastructure, with USDX as its first stablecoin product. After concluding a successful funding round,
