MakerDAO’s Recent Trouble May Highlight Flaws In the EcosystemThe recent market crash caused a lot of trouble for MakerDAO, the platform behind the Dai stablecoin and the largest DeFi project by value locked. Being largely collateralized by Ether, the stablecoin was impacted heavily by the decline in ETH price and the resulting gap in collateralization.
Multi-Collateral DAI: Collateral Priority Race BeginsThis article was written by Dmitry Bondar, a monetary theorist, cryptocurrency researcher and author of Stablecoins: From Electronic Money on Blockchain to a Cryptocurrency Basket exclusively for forklog.media. Views and opinions expressed herein are solely those of the author and do not necessarily reflect the views and opinions of the forklog.media editorial board. DAI is […]
Dmitry Bondar: If There Is Time to Be Afraid of CBDCs, It Is Better to Spend It on PreparationThe beginning of 2020 had a lot for central bank digital currencies. China is seemingly ready to test its own digital cash system, while Western countries are getting on with their research and considerations about CBDCs.
Digix Co-founder Shaun Djie: Having DigixDAO Continue to Exist Would Be Good But It’s No Longer PossibleDigix, the project behind the first gold-backed stablecoin, stood at the inception of the modern asset-backed token model. Being one of the older and most successful projects within the Ethereum ecosystem, it was also one of the precious few that managed to build and maintain a robust DAO infrastructure. Which is, as of recently, a […]
What Is Stablecoin?1 What is a stableсoin? Stablecoin is a cryptocurrency with a fixed exchange rate or with certain means of resisting exchange rate fluctuations. In most cases, stablecoins are pegged to real-life assets like fiat currencies, precious metals, or asset baskets. Others emulate certain monetary policies practiced by central banks in a decentralized fashion. 2 How […]
STASIS EURS, The First Euro-Pegged Stable Coin, Listed on OKCoinOKCoin cryptocurrency exchange announced on Monday it has listed STASIS EURS (EURS), the first euro-pegged stable coin. Authorized OKCoin customers already can deposit and withdraw EURS, while trading is enabled in EURS/USD, EURS/EUR, and EURS/BTC.
Stablecoin Report: One Year LaterForkLog Consulting published an English translation of the report “Stablecoins: from electronic money on blockchain to a cryptocurrency basket.” The author of the report, Dmitry Bondar, told ForkLog about what has occurred on the stablecoin market since the publication of the Russian version of the text in question.
TrustToken Publishes Third-Party Audit Report for TrueUSD StablecoinTrustToken, the company behind the USD-pegged stablecoin TrueUSD, has published a third-party audit report of its bank account holdings which are supporting the supply of the digital asset.
Facebook Allegedly Aiming to Raise $1 Billion for Its Crypto ProjectFacebook is seeking support from venture capital firms to invest in its crypto-related project, targeting to raise as much as $1 billion. The news was revealed by NY Times reporter Nathaniel Popper in a series of twits on Monday, April 8.
SEC Advisor Says Some Stabecoins Might be Violating Securities LawsIn what could be a new turn in the discussion about the legal status of stablecoins, the U.S. Securities and Exchange Commission’s advisor for Digital Assets, Valerie Szczepanik suggested that certain types of stablecoins “could raise issues under securities laws.”
Anchor – Will The New Stablecoin Be an Ultimate Solution to Preserving Monetary Value?While today’s global economic ecosystem is plagued by instability, market volatility and inflation, various financial institutions are coming up a with a solution generally known as stablecoins. Stablecoins are cryptocurrencies designed to minimize the volatility of the price, relative to some “stable” asset or basket of assets. A stablecoin can be pegged to a currency, […]
Tether to Issue New USDT Stable Coin on Tron BlockchainTether Limited, issuer of USDT stable coin, has announced a partnership with Blockchain protocol Tron to introduce USDT as a native token to the Tron network.