☰ See Uploaded YouTube Videos Here 🔙
What are stablecoins?
Stablecoins are a new type of cryptocurrency that often have their value pegged to another asset. These coins can be pegged to fiat currencies such as the United States dollar, other cryptocurrencies, precious metals or a combination of the three. Fiat seems to be the most popular option in the marketplace right now, meaning one unit of a stablecoin equals $1. Stablecoins are designed to tackle the inherent volatility seen in cryptocurrency prices. They are normally collateralized, meaning that the total number of stablecoins in circulation is backed by assets held in reserve. Put simply, if there are 500,000 USD-pegged coins in circulation, there should be at least $500,000 sitting in a bank. With bitcoin suffering abrupt crashes and sudden gains, advocates believe stablecoins help eliminate doubt about conversion rates — making cryptocurrencies more practical for buying goods and services. Examples of the best-known stablecoins include tether (USDT), trueUSD (TUSD), gemini dollar (GUSD), and USD coin by Circle and Coinbase (USDC). Demand for such coins has been growing. In December, Cointelegraph reported claims that four major stablecoins had clocked up $5 billion in on-chain transactions within just three months — enjoying a 1,032% surge in November compared with two months earlier.
Why have they become so popular?
Because they eliminate uncertainty for consumers — especially around conversions. They offer the type of predictability that many countries struggle to achieve with their national currencies — hence why Venezuela, battling hyperinflation and political instability, decided to launch its own cryptocurrency. Stablecoins give owners a safe place to store their assets whenever there are choppy waters in the crypto world. Consumers can quickly and easily convert from unpegged cryptocurrencies to stablecoins when they are worried about where the markets are heading next, eliminating the need to return to a fiat currency. These conversions can also be less expensive than when switching between crypto and fiat, as it takes the transaction fees of payment processing providers and banks out of the equation. At the start of April, tether achieved an all-time high of daily transactions — and according to CoinMarketCap, the stablecoin is even nipping at the heels of bitcoin, with reported trading volumes of $9.4 billion compared to BTC’s $10.2 billion. Part of the stablecoin’s burgeoning popularity may also be down to how crypto exchanges, the main point of access for many consumers, are starting to get in on the action — raising awareness. It was recently announced that OKEx, the sixth-largest exchange, was planning to launch its own Stablecoin. And Binance, the world’s largest exchange, has been aggressively expanding the trading pairs it offers. In November, it rebranded its Tether (USDT) Market to the Stablecoin Market — and subsequently announced it would list a broader range of stablecoins. Explaining its rationale in a January blog post, Binance said: “In the last few months, the stablecoin space has evolved very quickly.”
Who else is issuing stablecoins?
Everyone — from banks to social networks — is getting in on the action.
Even though JPMorgan Chase’s CEO appeared to call bitcoin a “fraud,” the U.S. bank recently unveiled plans to launch a stablecoin to speed up settlement times when transactions are taking place internationally. Although some crypto commentators regarded the financial giant’s step as a ringing endorsement of stablecoins’ potential, others — such as the CEO of Ripple — attacked the “JPM Coin” for a lack of interoperability, which means that other banks would be unlikely to embrace the technology. Anthony Pompliano, the founder of Morgan Creek Digital Capital, went one step further — using his podcast to warn that “we should do everything in our power to prevent” JPMorgan Chase from succeeding, as it would mean trusting a Wall Street bank “that was previously charged with a felony.”
Elsewhere, IBM has launched its blockchain-powered World Wire in collaboration with Stellar (issuer of XLM) — also with the goal of building a cross-border payments network. Here, international banks can create their own stablecoins backed by their local fiat currency — and institutions from Brazil, South Korea and the Philippines have reportedly registered their interest so far. We couldn’t wrap up without mentioning Facebook, which has reportedly hired dozens of engineers to develop a fiat-pegged stablecoin that users could rely on for paying their friends and family around the world. This could help the social network send shockwaves through the remittance industry by enabling foreign workers to transfer money with lower fees. The “Facebook Coin” could be a blessing for the embattled company as it tries to shake off privacy scandals and find sources of revenue beyond advertising. According to CNBC, one analyst believes the stablecoin could deliver an additional $19 billion in revenue by 2021, if the plans are pulled off.
Stablecoins and Exchange Tokens
Stablecoins are designed to bring an element of security to cryptocurrency. They can be backed with fiat currencies, commodities, or other crypto tokens. The name itself says it all. here other assets like bitcoin, ether, and monero experience significant volatility, these assets remain relatively stable as they are pegged to less tempestuous currencies or commodities. Coinbase’s USDC (U.S. Dollar Coin) is a model example. According to Coinbase:
Our mission is to build an open financial system for the world. As part of this mission, we want everyone to enjoy the stability of the world’s fiat currency, the US dollar. USD Coin allows unbanked and under-banked individuals in any country to hold a US dollar–backed asset with nothing more than a mobile phone.
Exchange tokens, on the other hand, are assets created by exchanges which afford their holders some exclusive in-house benefits. In the case of Binance’s BNB Coin, whose ICO helped to finance the creation of the Binance exchange itself, users get discounts when they use BNB to pay fees and can trade the token for other assets on the exchange. There are also buy back programs set up to occur periodically at which times holders can sell the coins back to Binance. Supply will be limited to 100 million BNB after buybacks and burning are complete.
So What’s the Difference?
Like corporate bonds, both stablecoins and exchange coins have a value dependent on the success of some external entity or asset. For example, should Binance run into major trouble, and become insolvent, the value of BNB will suffer right along with the company. Should the U.S. dollar plunge farther and farther into inflated devaluation, a USDC peg to the currency won’t provide as much security. For those paying attention to the global economy, these scenarios are not difficult to imagine. With non-pegged, non-exchange assets like bitcoin, there is volatility. However, this volatility is more loosely correlated with external deterministic factor than these others. In this sense, a free market setting is ideal for something like bitcoin, as liquidity and supply and demand factors find their balance in such an environment not via mandate, but through organic transaction. In an open market setting, tying an emergent asset to a pre-established asset might be foolish, as it could weigh down the potential for the new asset to develop, grow, and unfold as a useful, sound currency. Under the current monopolistic paradigm, however, where force is leveraged to ensure fiat such as the USD is used exclusively as a world reserve currency, stablecoins and pegged assets remain secure, resting on that very same artificial monopoly. In a nutshell, most stablecoins, exchange tokens and corporate bonds are tied to the devaluation trajectory of the world reserve currency, the U.S. dollar. Further, although stablecoins like USDT are said to be backed by fiat reserves, there has been serious controversy calling these claims into question. Tether was put in the hot seat after the website was discovered silently replacing “Every tether is always backed 1-to-1 by traditional currency held in our reserves … 1 USDT is always equivalent to 1 USD,” with the claim that the reserves now consist of “traditional currency and cash equivalents and … other assets and receivables from loans made by Tether to third parties.” When asked last week about this, co-founder William Quigley told Bloomberg:
Whether or not Tether was backed by a dollar or not, actually wouldn’t matter if everybody agreed to take Tether and to value it at a dollar themselves.
Tether is 100% backed by fiat currency assets in a reserve account. The conversion rate is 1 tether USDT equals $1 USD. The Tether Platform is considered to be fully backed if all tethers in circulation is less than or equal to all fiat that is held in the bank account.
Maker is a decentralized autonomous organization that is pegged against the U.S. dollar, but is completely backed by ETH. Their stable coin is Dai and each one is worth $1 USD. Stability is maintained through an autonomous system of smart contracts. To receive Dai, you send your tokens to the Maker platform to lock those tokens up.
Havven’s structure provides stability by building a system that backs itself with two coins. The first coin is called Nomins which is the stable coin. This what you would use for everyday transactions. The tokens sitting in reserve are called Havvens. A fee for each transaction completed with Nomins will go back to the company. The fees are then distributed back to the Havven token holders who are rewarded for maintaining the system that backs itself.
Basecoin also pegs their price to $1 USD. However, their approaches uses consensus to contract and expand supply of their coin. When coins are trading for less than $1, coins are contracted by allowing coin holders to buy bonds. Coins used to buy bonds are destroyed. Supply decreases and price increases. They do the opposite to expand supply.
How Many Stablecoins Are There?137 Stablecoins With Collateral Off-Chain
63 Stablecoin Projects With Fiat-Collateral (32 are live):
47 Stablecoin Projects With Gold-Collateral (9 are live):
Dead Stablecoin Projects (total 23):
12 Stablecoin Projects With Other Commodities As Collateral (3 are live):
5 Stablecoin Projects With Combined Collateral (1 is live):
4 Stablecoin Projects With Unknown Details Of Their Collateral (1 is live):
33 Stablecoins With Collateral On-Chain
26 Stablecoins With Algorithmic Models
26 Algorithmic Stablecoins (2 are not dead yet):
What is pegging?
Pegging is commonly associated with the world of foreign exchange, where the currency of one country is fixed or “pegged” to that of a country with a more stable economy. The main goal of currency pegs is to bring stability to more volatile economies, but it’s also a beneficial mechanism for trading partners to make exports more competitive while keeping import costs down.
Different types of pegging.
There are different types of pegging mechanisms and not all pegs are a 100% fixed.
A crawling peg is a fixed exchange rate but one that is allowed to fluctuate between the par value of the pegged currency and a range of predetermined rates. The par value may be periodically adjusted to account for inflation and other market conditions to increase stability. This allows an exchange rate to adjust over a period of time instead of a sudden currency devaluation.
An adjustable peg is also a fixed exchange rate, but one that that has a predetermined level of flexibility built into it (normally between one and two percent). If the rate moves beyond this range, the central bank will intervene to bring the rate back to the target peg. The goal is to allow a country to stay competitive in the export market.
With a basket peg, a currency will be pegged to more than one currency in a weighted mechanism, comprising currencies of its most important trading partners. The reason a country might use a basket peg is the same reason an investor would diversify their portfolio; to make the currency even more stable and hedge against the risks a single pegged currency might face when the anchor currency suddenly devalues, such as high inflation.
A currency can also be pegged to a reliable commodity, such as gold. For many years, before WW2 and the Bretton Woods agreement, the Gold Standard was widely used to stabilize currencies. However, governments and economists believe the practice can actually stifle growth. Although central banks might still hold some gold as a form of backing, the last currency to decouple from gold was the Swiss Franc in early 2000.
What is collateralization?
Collateral is defined as “To offer an asset as a surety that a debt will be repaid.” Basically, it’s the asset that the borrower leverages to secure a loan from the lender. The most common example we’ll all be familiar with is mortgages, where the bank customer is able to obtain a loan to buy a house based on the provision that the bank may repossess the house if the customer defaults on their repayments. The house serves as backing or security on the loan and reduces the lender’s risk.
Difference between backing and collateral
When a currency is backed by another commodity or asset, it does not necessarily mean the holder of the currency has that surety to exchange it, or have a claim on, the backed commodity. If we look at the Venezuelan Petro, example above, a holder of Petro tokens cannot exchange it for a physical barrel of crude oil. However, it does mean that physical barrels of crude oil are held in reserves to stabilize the cryptocurrency and to give it a fixed exchange rate.
As the market matures, stablecoins are becoming a more prevalent presence in the cryptocurrency space. New investors are continually looking to get into the crypto market, but at low risk and high security, while seasoned investors are looking for options to stabilize their portfolios and a safe haven in case of severe market downturns. This continued search is sure to bring up some interesting mixing and matching of pegs and backings. Who says you can’t have a stable coin backed by Ether and pegged to the Japanese Yen? Ethereum Founder and cryptocurrency influencer, Vitalik Buterin, had the following to say on the need for effective stablecoins:
“Are stable-value assets necessary? Given the high level of interest in "blockchain technology" coupled with disinterest in "Bitcoin the currency" that we see among so many in the mainstream world, perhaps the time is ripe for stable-currency or multi-currency systems to take over.”
Bitcoin’s digital gold, but Facebook’s Libra is the digital dollar here’s why that matters.
On Jun 2019 the social media giant Facebook unveiled plans for a new cryptocurrency called Libra, backed by a host of companies including Visa and PayPal, that would function as a digital payment on its platform. Other project partners include eBay, Uber and Spotify, indicating that Libra may eventually be accepted as payment on their platforms as well.
Many experts, including bitcoin bull Brian Kelly, see the move as a validation of the rise of cryptocurrencies. But Kelly, founder and CEO of BKCM and resident bitcoin expert on CNBC’s “Fast Money,” said there are some crucial differences between Libra and a cryptocurrency like bitcoin.
“This is really the main difference: what Libra is doing is creating a digital version of the U.S. dollar, yen, euro. It’s like a stablecoin, but you still have all the characteristics of a fiat currency,” Kelly said Tuesday on “Fast Money.” “Bitcoin is ... digital gold. And, in my opinion, it’s probably a lot better than gold, but there is no trusted third party involved, and that’s the huge difference.”
In mean time a month later on the Senator Hearing. Senators aren’t sold on Facebook’s Libra project...
“Like a toddler who has gotten his hands on a book of matches, Facebook has burned down the house over and over, and called every arson a learning experience,” Brown said. “We would be crazy to give them a chance to experiment with people’s bank accounts, and to use powerful tools they don’t understand, like monetary policy, to jeopardize hardworking Americans’ ability to provide for their families.”
Marcus did his best to allay those concerns, laying out a comprehensive plan for how the Libra Association and Calibra wallet would fit into existing financial regulations. He also reassured the committee that, while the Libra Association is headquartered in Switzerland, it will abide by US financial regulations, including registering under FinCEN and abiding by the OFAC sanctions list. “In the US, there are a number of regulators that we’re engaged with,” Marcus told the committee, “and we’re also engaged with the G7 working group that includes finance ministries and central banks.”
Now we have Libra out the way, lets start with bitcoin, let also go back to 2017. From $900 to $20,000: Bitcoin’s Historic 2017 Price Run Revisited. Investors Cameron and Tyler Winklevoss first filed to launch a bitcoin exchange-traded fund back in 2013, setting the stage for a multi-year journey that led to the March 2017 rejection by the U.S. Securities and Exchange Commission (SEC).
And while the SEC has since moved to review that decision – a process that is still pending – markets at the time reacted poorly, perhaps because some were betting that the U.S. regulator would approve rather than shoot down the proposed ETF. And them.... The Wall Street's Mafia start talking about Bitcoin all over the Media, people start talking about it and start learning and invested, right the way they want it too, so price bloom on December 2017 and touching the 20K for one Bitcoin "BTC".
And what happen CME came out me the great idea to present Bitcoin Futures, the same platform they had been denying for years to other platform, see the chart and tell me what you see..?
Of course retail people thought that this is better for BTC, we all knew prices with MOON, but not... the Mafia's Ideas was to created Hopium and Lambo to short Bitcoin and fuck all the retails, I was in there too. Since there as you can see in the chart the Lambo become a bicycle if you were lucky enough to take your loses at 10k. Since them many many many complanies had all BTC ETF denied, I wonder why.? Just one more ETF was approved of course the're Compadres from NYSE "ICE" and the new platform start BAKKT, what happen after that ? another Moon and Lambo ? NOP. Prices keep tanking and by them if you still have the bicycle needed to sell it in order to withdrawn your last $10 of the $100 you start with.
Why Am I said all these.? The way I see it is that the US Gob had been trying to make the're own digital currency so they don't have to print more money "Remember the paper of the bill is more spencer than the bill value itself", so the Gob need to eliminate any competition. To make this shorter, how they came change the financial system that had been for hundred of years?
Easy, they do what they always do. Create panic somehow, the panic now it call Coronavirus "COVID-19" which susposely is a regular flu that had been alive forever, mutated with HIV and who knows what else. OK now let forget about the conspiracy and think a little bit deeper. US Senator and the FED are ok with printing all the money in the world, even they said: We have infity equitity or something like that. lol. This Virus spreaded way to fast and there is not time to print that much money and such a short time, so lets do the plan B that it had been in the table for years, lets create a Digital Dollar.
Proposed legislation meant to shore up the U.S. economy during the coronavirus pandemic includes a recommendation to create a digital dollar. This virtual greenback would help individuals and families survive the shutdown of businesses and series of “shelter-in-place” orders which resulted in skyrocketing unemployment claims and a potential severe recession. Under the draft bills shared last week, dubbed the “Take Responsibility for Workers and Families Act” and the “Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act,” the Federal Reserve – the nation's central bank – could use a “digital dollar” and digital wallets to send payments to “qualified individuals,” consisting of $1,000 for minors and $2,000 to legal adults. Both bills employ identical language around the digital dollar suggestion.
“The term ‘digital dollar’ shall mean a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve bank; or an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System),” the bills read. The Fed would likewise be in charge of the digital wallets, maintaining them for recipients. Neither bill indicates that the program would use a decentralized ledger or any sort of cryptocurrency project. However, digitizing the dollar in general is seen by many influential figures as a necessity for the U.S., with former Commodity Futures Trading Commission J. Christopher Giancarlo and economist Judy Shelton – who U.S. President Donald Trump has nominated to the Fed board – both claiming the nation may lose its financial hegemony if it fails to do so.
Fed member banks can also maintain something called a “pass-through digital dollar wallet,” according to the draft bills, and recipients would receive “a pro rata share of a pooled reserve balance” held by the member. The bill follows Representative Rashida Tlaib's (D-Mich.) unveiling of the “Automatic BOOST to Communities Act,” which would provide any individual in the nation a pre-loaded debit card. The card would initially hold $2,000 and be given an additional $1,000 until one year after the COVID-19 pandemic is contained. Under Tlaib’s bill, the U.S. Mint would issue two $1 trillion platinum coins, which the Fed would purchase using credit.
A digital dollar for direct payments to families A draft of the legislation circulating as of March 23 proposes the creation of digital wallets for U.S. citizens to be maintained by the Federal Reserve within a section entitled “Direct Stimulus Payments for Families.” The section envisions $2,000 monthly payments to every adult earning less than $75,000 a year, at which points the payments taper off. These payments would last until the economy recovers. While the proposal does indicate the option of providing checks, it would require member banks of the federal reserve to maintain digital dollar wallets for all clients.
Please don't listen to me or my conspiracy, but if you have something better to add or correct me, please let us know above on the comments section, this is soly my opinion and more likely i'm wrong... Do I ?
thank you for reading and subscribe.
There is many question in why a Pandemic is so bad for some people but at the same time is so good for some investor and also why not "THE ELITE".
I wonder is all these was plan? it sound crazy but if you see it with other perspective (as investor), it will benefit a lot of people specially the one controlling the World.
Lets start with this simple Magazine call "The Economist" by the end of 2018, they always by the end of every year they make the Magazine's Cover with crazy sign of what its coming. for example this one: one the lower left you can see a pangolin, why is this animal in this cover? what does that mean? why on 2019?, let see it this way...
As you can see the picture below it said nothing, just a drawing of it. Now I was looking and comparing this animal with the corona virus and found this.
Medical News Today has recently published an extensive feature on the new virus, explaining that some of the most common carriers for coronaviruses are bats.
However, bats are unlikely to transmit the virus directly to humans, so, as with most similar viruses — such as SARS and MERS — an intermediary animal is usually the one responsible. For SARS, this was the civet cat, while dromedaries helped spread MERS.When contacted by MNT a few days ago, The World Health Organization (WHO) said they did not yet know the specific source of the novel coronavirus.“Researchers in China are studying this but have not yet identified a source,” they said at the time.Only a few days later, researchers Shen Yongyi and Xiao Lihua of South China Agricultural University in Guangzhou announced in a press conference that they might have identified the pangolin as the source of the virus.The announcement, “Pangolin is found as a potential intermediate host of new coronavirus in South China,” can be found on the university’s .
Now getting this out the way let us see the another side of the coin, there is a Fairly new company call Moderna INC. Let dig a little bit about it.
Welcome to Moderna. We believe mRNA is the “software of life."
You can see in the Picture when Moderna's Stock suddenly start blooming and also will see who is begin.. If you remember the Global Pandemic was announced on March,11-2020. You so do the math.!Every cell in the body uses mRNA to provide real-time instructions to make the proteins necessary to drive all aspects of biology, including in human health and disease. Given its essential role, we believe mRNA could be used to create a new category of medicines with significant potential to improve the lives of patients. We are pioneering a new class of medicines made of messenger RNA, or mRNA. The potential implications of using mRNA as a drug are significant and far-reaching and could meaningfully improve how medicines are discovered, developed and manufactured.
The Leader of the Pack .!The list of companies that are scrambling to develop vaccines for immunizing against COVID-19, the disease caused by the novel coronavirus that's now a pandemic sweeping across the world, reads like a "who's who" of the pharmaceutical industry. There's Johnson & Johnson, the biggest healthcare company on the planet. Big pharma companies including GlaxoSmithKline, Pfizer, and Sanofi are also in the race, as are small biotech Inovio Pharmaceuticals and Novavax.
But the leader of the pack, for now at least, is none other than Moderna. The company announced on Jan. 23 that it received funding from the Coalition for Epidemic Preparedness Innovations (CEPI) to develop a messenger RNA (mRNA) vaccine against the novel coronavirus. Moderna collaborated with the National Institute of Allergy and Infectious Diseases (NIAID), which is part of the National Institutes for Health (NIH), to design its experimental mRNA vaccine.
Also Here you can find some of the biggest actively investor well known on the Global Market.
Now lets make the picture bigger, lets talk globally, yes the new tool for investor created in 2017.
THE WORLDS BANK PANDEMIC BONDS.
Washington, DC, June 28, 2017 – The World Bank (International Bank for Reconstruction and Development) today launched specialized bonds aimed at providing financial support to the Pandemic Emergency Financing Facility (PEF), a facility created by the World Bank to channel surge funding to developing countries facing the risk of a pandemic.
This marks the first time that World Bank bonds are being used to finance efforts against infectious diseases, and the first time that pandemic risk in low-income countries is being transferred to the financial markets.
The PEF will provide more than $500 million to cover developing countries against the risk of pandemic outbreaks over the next five years, through a combination of bonds and derivatives priced today, a cash window, and future commitments from donor countries for additional coverage.
The transaction, that enables PEF to potentially save millions of lives, was oversubscribed by 200% reflecting an overwhelmingly positive reception from investors and a high level of confidence in the new World Bank sponsored instrument. With such strong demand, the World Bank was able to price the transaction well below the original guidance from the market. The total amount of risk transferred to the market through the bonds and derivatives is $425 million.
Now that we know a little more about how this is going let see some News Titles since February when still not a Official Pandemic Announce.
And to end my article I will leave you with just two question:
1*- Why we are making such a Big Fuzz this time when there is child dying everyday by thousand and we can control it, but again nobody do nothing.
2*- Deep inside, do you think this is natural spread or some people did it to benefit and make more millions for the're group?
Look the Picture and check the link "read it and analize it" and think twice before answer my questions.