In this blog post, I’m going to cover the basics of stablecoins, before going in depth on what Tether (USDT) is, how it works, and whether or not it is a good investment. What is a Stablecoin? A stablecoin is simply a digital asset that is pegged to a stable asset, such as th...
Stablecoins. A stablecoin is a cryptocurrency that maintains its value relative to a fiat currency like the U.S. dollar. There are several mechanisms you can use to maintain that value that smart contracts can enforce. Lending applications. You can write a smart contract that enforces the term...
On the other hand, others have argued that currencies such as the US Dollar are not good collateral owing to their own inflationary nature. Because of this, stablecoins are not a sustainable solution to the very same problem at Bitcoin is trying to solve. In addition, it could be said tha...
Is Shitcoin a good investment? There's no good reason to buy Shitcoin, and, if you do, you're most likely going to lose money. It's clearly never going to be an investment, so the best-case scenario is that people think it's so hilarious they just have to buy it. ...
Why Stablecoins Matter An essential purpose of stablecoins is to give crypto investors a safe investment option. Similar to money market funds with investment brokerages, crypto investors can move money out of free-floating cryptocurrencies during times of market instability and park them in stablecoi...
So maybe 200 USD stablecoins are not enough. Maybe we need 1000 such projects. Then when the Fed prints money, it really will wreak the world economy big time. US dollars are still global reserve currency and US bonds a global reserve investment. ...
Ethereum rapidly losing its lead to Solana in stablecoin market cap. Looks like the world is coming to the realization that Solana is a reliable platform after all. Just kidding, Ethereum's stablecoin market cap is now 23 times bigger. Isn't it interesting how the gap doesn't close on ...
Curve DAO price prediction for 2024 could reach a maximum value of $0.3777. By 2027, Curve DAO could reach a maximum price of 1.24. In 2030, Curve DAO will range between $3.24 to $3.90. Curve DAO is a decentralized exchange for stablecoins that employs an automated market maker (AMM) ...
Tether is one of the most popular stablecoins around today. In this post, I’ll explain what a stablecoin is, what Tether is and how it works.
The asset-backed cryptocurrencystablecoinTether(USDT) Most cryptocurrencies are decentralized systems based onblockchain technology, which enable transactions to be verified by the network without the need for central authorities, such as banks or governments — in other words, they are not subject to ...