Stablecoin index


Stablecoin Stats v0.1.8. API; Theme Light (default) Dark. Name Circulation Change (24h) Price Tracked Volume (24h) Tether USD (USDT) USD Coin (USDC) Dai (DAI) Binance USD (BUSD) Paxos Standard (PAX) TrueUSD (TUSD) Gemini Dollar (GUSD)

Its aim is to build the coin which is stable and can be trusted by the traders. It is backed by assets so that it can be easily purchased and sold globally. This coin can be redeemed for 1-to-1 US dollars. USDx is a decentralized index stablecoin (ERC-20 token) launched by dForce Network.

Stablecoin index

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The STABLECOIN INDEX, LP uses a rules-based investment process to strategically diversify partnership capital across a basket of cryptocurrency tokens that are specially designed to have a 1:1 corresponding investment in US Dollars, known as “stablecoins.” A stablecoin is a cryptocurrency that is designed to fluctuate as little as possible from a specific value. The most popular stablecoins use the U.S. dollar as a benchmark and maintain a price very close to $1 if they are functioning as intended. Of course, there are also stablecoins pegged to other currencies such as the euro or the Japanese yen. StableCoin has a current supply of 23,886,806.725.

Jun 18, 2019 Like a variety of altcoins known as “stablecoins,” Libra will be backed by Xing of New York-based cryptocurrency index firm Panda Analytics.

There are several ways to categorize the various types of stablecoins. With a market cap of £3.57 billion, Tether is not only the largest and most well-known stablecoin, but it also ranks at number five in CoinMarketCap’s list of the top 100 cryptocurrencies by Nov 27, 2020 · Acala Network Stablecoin: Acala Dollar. One of the main selling points of Acala is its stablecoin, Acala Dollar or aUSD.

Tether. One of the most important benefits of stablecoins is that, if widely adopted by a large …

These were created to provide a digital option that is less volatile than cryptocurrencies, which makes stablecoins better for everyday commerce. This is the case unless the asset pegged to the stablecoin moves. Oct 16, 2020 · DefiDollar is a brand-new project that aims to create a stablecoin backed by an index of other stablecoins to stay near the dollar mark. Back to Basics – How Important Are Stablecoins? Stablecoins are cryptocurrencies designed to minimize the volatility of the price of a determined stablecoin, relative to an asset or basket of assets DefiDollar (DUSD) is a stablecoin that uses DeFi primitives to stay close to the dollar mark. DUSD provides an avenue for diversifying your stablecoin holdings to hedge against an event where the underlying stablecoins e.g Tether (USDT), DAI deviate from their peg.‌ DUSD is collateralised by Curve Finance LP tokens. USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether.

Feb 19, 2021 · The Rai Reflex Index, a product of Reflexer Labs, was launched on Feb. 17 after a year of research and development. According to the announcement, RAI is an Ethereum-backed, non-pegged stable asset.

Some of us got into crypto on inflation fears! Speaking of plans, I was looking  SECTION 1: Why Are Stablecoins Important? The goal of creating a stablecoin--- a widely used fixed-price cryptocurrency---is to enable a greater number of use  Source: The stablecoin index, Messari. Page 11. BIS Working Papers No 905.

May 26, 2020 A stablecoin is a digital currency that is pegged to another asset that has a "stable" value, for example the U.S. dollar (USD). [1] Stablecoins benefit from low volatility, which makes it easier for people to leverage them as a medium of exchange. These innovative digital currencies have attracted significant demand, and as of March 2019, the top five fiat-collateralised stablecoins had drawn Sep 04, 2020 Feb 01, 2021 About Tether. The live Tether price today is . $1.00 USD with a 24-hour trading volume of $167,760,140,137 USD.. Tether is down 0.03% in the last 24 hours. The current CoinMarketCap ranking is #4, with a live market cap of $34,762,094,161 USD. It has a circulating supply of 34,761,096,222 USDT coins and the max.

Many stablecoins are secured at a 1:1 ratio with specific fiat currencies, such as Euro or US dollar, which can be traded on exchanges. Stablecoins are indispensable in Crypto and DeFiAccording to The Stablecoin Index by Messari, USDT is the most valuable stablecoin with a market cap of $21.21 billion. Apr 26, 2018 · However, this method requires a custodian to hold the fiat currency or commodity collateral, and guarantee the issuance as well redemption of the stablecoin tokens. It also requires operational Feb 10, 2021 · A good stablecoin combines the creditworthiness and price stability with the technological advantages of a cryptocurrency.

USDx is a decentralized index stablecoin (ERC-20 token) launched by dForce Network ( It is pegged to a basket of selected stablecoins (35% USDC, 35% PAX and 30% TUSD), with constituents and weightings adjustable through on-chain governance. The bidirectional exchange (from constituents to USDx, and from USDx to a basket of constituents) are wholly on-chain and A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities (such as precious metals or industrial metals). Stablecoins redeemable in currency, commodities, or fiat money are said to be backed, whereas those tied to an algorithm are referred to as seigniorage -style (not backed). stablecoin — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! — Indicators and Signals An algorithmic stablecoin system begins life by generating a number of digital tokens, or stablecoins, out of thin air. If the stablecoin trades above $1, then the system automatically creates new stablecoins until the price falls back to $1.

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Swaap (SAP) is utility token of Swaap. Stablecoin Index is a tool to track and compare various stablecoin projects.