Stablecoins’ Market Caps Skyrocket Following Bitcoin & Cryptocurrencies Sell-Off During March
So far, the past month had seen some of the worst days in Bitcoin’s price history. Following the emerging coronavirus crisis, Bitcoin plunged from a high
Stablecoins continue growing amid cryptocurrency crisis
The recent outbreak of Covid-19 has turned the whole financial system upside down. Markets crashed in Europe, cryptocurrency prices declined rapidly, and economics around the world were severely affected.
MakerDAO Considering USDC Collateral Support For Enhanced Liquidity
MakerDAO is considering USDC as collateral support to improve liquidity and the tech team has already started preparing the technical transition regardless an executive vote.
Stablecoins Gain Market Share Amid Crypto Bloodbath | Cointelegraph
The recent cryptocurrency crash has propelled many stablecoins up the market cap rankings, with six dollar-pegged crypto assets currently ranking in the top 50.
Circle’s USD Coin Sees Major Growth After Market Downturn
Circle’s stablecoin USDC stabilizes on a significantly higher market cap following market decline.
Haven Integrates Chainlink to Further its Mission of Enabling Private Decentralized Finance
We are excited to announce that Haven is collaborating with Chainlink to provide a decentralized oracle service for XHV, xUSD, and all…
Everything You Ever Wondered About Stablecoins
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).
Explanation of DAICOs, ICO + DAI
The following is a quick exposition of an idea I had for improving the ICO model by merging in some of the benefits of DAOs, but doing so in a way that minimizes complexity and risk. The idea is as follows. A DAICO contract is published by a single development team that wishes to raise funds for a project. The DAICO contract starts off in “contribution mode”, specifying a mechanism by which anyone can contribute ETH to the contract, and get tokens in exchange. This could be a capped sale, an …