STABLECOIN: comparison and opportunities

[kronos123]

With the markets often manipulated and in the hands of the great whales, we small investors are at the mercy of violent downpours and sudden dumps, which erode or cancel the gain of months or years in a few months (as happened from December to today). How to try to protect yourself from all this?
Until recently there were only two possible ways: bank transfer out of the exchange to your bank (return to FIAT) or temporarily park their crypts and convert them into Tether, with all the risks involved.

In recent months, however, following the alleged rumors on the solvency of tether, alternatives to tether or bank transfer have been developed; they are the so-called STABLECOIN

1) TrueUsd (TUSD) which uses smart contracts to guarantee decentralization; coupled to the dollar, the euro, the yen, but also to precious raw materials, stocks and real estate

2) Dai (DAI) in which users block their ETHs in an intelligent contract within the MakerDao system, from which Dai is born; when you redeem the Dai, you get your ETHs again

3) Haven Protocol (XHV), when the system and the network will be mature and stable, through crypto haven it will be possible to keep crypto or fiat sending them to offshore storage contracts that will retain the value of that precise moment; Haven is Monero's fork, for which he inherits anonymity and stealth, as well as having RingCT.

4) Digix (DGX), is the first coin totally hooked to gold, in which 1DGX = 1 gram of gold, allowing us to actually purchase 99.99% LBMA gold standard, certified with Bureau Veritas audit and guarded at Silver Bullion's Safe House, redeemable in 100g or 1000g ingots by going to the Vault store in Singapore.

Then we have other little known and with very few volumes, but still valid, such as NUBITS and EURN
Finally there are several other projects ready to be born, among which I would mention:

Alchemint (SDT) coin launched on Neo blockchain, hooked and stabilized with Neo and then with gold, real estate and other crypto.

Carbon that will use Hedera Hashgraph's ledger (new alternative blockhain that uses Asynchronous Byzantine Fault Tolerance, the strongest form of security attainable for a distributed ledger), which incorporates an elastic policy adjusting the amount of money to market demand, maintaining stability price of $ 1.


In conclusion, today compared to a few months / year ago there are many more possibilities to protect our crypto earnings / savings when we see strong turbulence and market volatility. In some cases, if well exploited, these possibilities also allow us to earn rather than lose capital, such as token Digix in which we can exploit the bitcoin / crypto downtrend with the rise of gold, a safe haven.


Updating 28-03-2019

Tether  USDT                      https://tether.to/
USDC                                 https://www.centre.io/index.html
TUSD                                 https://www.trusttoken.com/trueusd/
Paxos  PAX                          https://www.paxos.com/pax/
GUSD                                 https://gemini.com/dollar/
USDS                                  https://www.stably.io/
X8X                                    https://www.x8currency.com/
Globcoin GLX                       https://globcoin.io/
Stasis                                 https://stasis.net/
Stronghold USDS                 https://stronghold.co/stronghold-usd
White Standard WSD            https://thewhitecompanyus.com/?utm_source=cryptoslate
Alchemint  SDUSD                https://alchemint.io/
Noku  EURN                         https://www.noku.io/
Corion                                  https://www.corion.io/
Steem Dollar  SBD                https://steem.com/

 
After these coins anchored and stabilized to the money FIAT, now in review the stablecoin hooked and stabilized, through intelligent and decentralized contracts, to the same cryptocurrencies
Crypto-collateralized Stablecoins

the most important, with the greatest capitalization and market share is
DAI                                                  https://makerdao.com/en/
Bitshares   BitUSD bitCNY  bitEUR       https://bitshares.org/
NuBits   USNTB                                 https://nubits.com/
Havven NUSD                                   https://www.synthetix.io/
Augmint A-Euro                                https://www.augmint.org/
Sweetbridge Network                        https://sweetbridge.com/


Hybrid Stablecoin Models

Reserve             https://reserve.org/
Saga                 https://www.saga.org/
Aurora Boreal   https://auroradao.com/platform/boreal/

Alternative Stablecoin Models

Phi                 https://dfinity.org/pdf-viewer/pdfs/viewer?file=../library/phi-dfinity-extended-v2.pdf
Stableunit       https://stableunit.org/
TerraMoney     https://terra.money/
Celo               https://celo.org/technology

Metal-backed Stablecoins

Digix              https://digix.global/
Tiberius Coin  https://www.tiberiuscoin.com/
Ekon   EKG    https://ekon.gold/

[loicuagio1979]

Thank you for sharing your information. All of your introduced coins are very far from my understanding. As I can see your thought, it's just a defensive portfolio to face up with dumping market. However, it's better to own passive income coins which can help you to earn dividend, such as: NEO, Tcash, icon...

[Suslived]

Thanks for the info and tips on your listed coins.

However, my opinion is that all "stablecoins" are actually all scams. A true digital currency can never be stable, heck, even traditional currencies are never stable. Markets move and prices change, these coins are artificially faking "stable" value and will end up all being exposed as scams that they truly are.

[kronos123]

Thank you for sharing your information. All of your introduced coins are very far from my understanding. As I can see your thought, it's just a defensive portfolio to face up with dumping market. However, it's better to own passive income coins which can help you to earn dividend, such as: NEO, Tcash, icon...

Exactly they are defensive "coins" that protect your portfolio and assets during the market downturns, which can be violent and fast, or be very long and severe, like the current correction, or the past one of 2014-2015.
Passive income coins you say like Neo, Icon, Stratis, Nav, etc. they are good in a growing market but when it is falling sharply they do not protect your capital in any way; in fact since the beginning of January, Neo loses more than 60%, Icon 70%, Stratis 80%, etc ... as you can see you can earn between 5-7-10% of passive income but you lose much more with the currency.

Thanks for the info and tips on your listed coins.

However, my opinion is that all "stablecoins" are actually all scams. A true digital currency can never be stable, heck, even traditional currencies are never stable. Markets move and prices change, these coins are artificially faking "stable" value and will end up all being exposed as scams that they truly are.

At your first statement that they are scams I answer that even Ethereum for almost 90% of the community was considered a scam and even today many users say it; bitcoin is considered scam by great minds, economists and bankers in the western world; almost every coin here in bitcointalk is considered scam by some fulder.
Finally, if he says that stable coins artificially falsify their value and can never be stable, I do not answer you and tell you to go and study them before shooting crap, not knowing what to talk about.

[schnake5132]

yes, that right

[LaLegiste]

There are some important news regarding stablecoins today.
First of all Tether has finally passed some audit. It has been made by law firm of Freeh, Sporkin & Sullivan LLP. You can read their summary here: https://tether.to/wp-content/uploads/2018/06/FSS1JUN18-Account-Snapshot-Statement-final-15JUN18.pdf
And also TrustToken, the platform which is behind TrueUSD, has announced about gathering of 20 millions $ from investment companys such as BlockTower Capital, Danhua Capital, GGV Capital etc, during the strategic round of investments attraction.

[CP_Processor]

We believe that stablecoins are of great importance to crypto economy.
We have compiled an overview of all existing Stablecoin projects (June 2018). You can check it out https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-819d183f6ac7

[kronos123]

We believe that stablecoins are of great importance to crypto economy.
We have compiled an overview of all existing Stablecoin projects (June 2018). You can check it out https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-819d183f6ac7

Excellent article
I am sure that with the maturing of the market, with the future launch of the first Bitcoin-related ETFs, and subsequently to the other main cryptocurrences, we will see the birth of many other STABLECOINs, safer and more solid than those of today, but I also fear that many stable of today they will fail and disappear.
There will be selection and evolution, as in every birth and growth of a new market.

[CP_Processor]

We believe that stablecoins are of great importance to crypto economy.
We have compiled an overview of all existing Stablecoin projects (June 2018). You can check it out https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-819d183f6ac7

Excellent article
I am sure that with the maturing of the market, with the future launch of the first Bitcoin-related ETFs, and subsequently to the other main cryptocurrences, we will see the birth of many other STABLECOINs, safer and more solid than those of today, but I also fear that many stable of today they will fail and disappear.
There will be selection and evolution, as in every birth and growth of a new market.

Couldn't agree more! The race for the best stablecoin project has just begun. We will see in the future which one will prevail, and which one will disappear completely. But it is important to try and reach that "holy grail of crypto" and produce some really stable stablecoins, because that will most certainly benefit the whole community

[kronos123]

At the moment the stablecoin which is moving better and growing in a sustainable and decentralized way (as in the spirit of blockchain and cryptocurrency) is definitely MakerDao, through Dai. It achieves its stability through intelligent contracts and the collateral (Ethereum), without the need for a guarantor.

MakerDao has just signed a partnership with Tradeshift, a leader in payments and supply chain markets, thus unlocking access to liquidity for companies around the world.
https://medium.com/makerdao/tradeshift-and-makerdao-leverage-blockchain-to-democratize-access-to-financing-for-worlds-small-98076fd05f86

[swissgang]

The worst one is tether for sure, zero transparency. It has been disaster for the crypto community I hope new ones like trueusd will be better.

[CP_Processor]

The worst one is tether for sure, zero transparency. It has been disaster for the crypto community I hope new ones like trueusd will be better.

What do you think of the audit they finally provided? Can it be trusted?

[kronos123]

The worst one is tether for sure, zero transparency. It has been disaster for the crypto community I hope new ones like trueusd will be better.

What do you think of the audit they finally provided? Can it be trusted?

Behind Tether there are very rich and influential characters, who have continued to make an avalanche of money with their new creature (tether itself), manipulating various exchanges to their liking (Bitfinex in the first place).

With the money you buy and do everything you want! ..... also an audit
Today more than yesterday!

The birth of new stable coins is fortunate

[Moiyah]

I will give myself a chance to consider those coins which you have been suggested here. At least, it gave me an idea which coins are stable and will invest those after I further studies all their specs.

[CP_Processor]

The worst one is tether for sure, zero transparency. It has been disaster for the crypto community I hope new ones like trueusd will be better.

What do you think of the audit they finally provided? Can it be trusted?

Behind Tether there are very rich and influential characters, who have continued to make an avalanche of money with their new creature (tether itself), manipulating various exchanges to their liking (Bitfinex in the first place).

With the money you buy and do everything you want! ..... also an audit
Today more than yesterday!

The birth of new stable coins is fortunate

Couldn't agree more!

[Colibra]

The worst one is tether for sure, zero transparency. It has been disaster for the crypto community I hope new ones like trueusd will be better.

What do you think of the audit they finally provided? Can it be trusted?

Behind Tether there are very rich and influential characters, who have continued to make an avalanche of money with their new creature (tether itself), manipulating various exchanges to their liking (Bitfinex in the first place).

With the money you buy and do everything you want! ..... also an audit
Today more than yesterday!

The birth of new stable coins is fortunate

How about the stablecoins that exist in a working environment? Imagine an ecosystem build on the Ethereum or any other blockchain that uses stablecoins only for fiat representation on the blockchain itself? What do you think will happen to these coins and how will they behave?

 

[kronos123]

New Stable Coin launched 2 days ago in the market, this time created by the famous twins Winklevoss:
The Gemini dollar is a stable value currency that is issued by Gemini, a New York trust company, tightly anchored 1: 1 to the US dollar, and built on the Ethereum network according to the ERC20 for token standard. The Gemini Dollar (ticker symbol: GUSD) combines the creditworthiness and price stability of the US dollar with blockchain technology and the supervision of US regulators, namely the New York State Department of Financial Services (NYDFS).

https://medium.com/gemini/gemini-launches-the-gemini-dollar-62787f963fb4

https://gemini.com/wp-content/themes/gemini/assets/img/dollar/gemini-dollar-whitepaper.pdf

We will see if this new Coin (GUSD) manages to win the confidence of investors and new slices of the market.

[CP_Processor]

Here is an updated version of StableCoins Overview report - https://docs.google.com/spreadsheets/d/17giG2v5I7CrtiftvXooTFWoHqA0NKnHyOoy5fE8Tfms/edit#gid=0

Big thanks to all projects who provided updates on their stablecoins - globcoin.io_ Havven BitShares Coin Minexcoin AAA reserve!

Terra and Gemini will be featured in our new update!

[CP_Processor]

New update of public StableCoins Overview Report!

https://docs.google.com/spreadsheets/d/e/2PACX-1vTf2gZZJrpSXCxcx_pE4Sjta2lDnDXWbK0ARgoIw_HkYGoIdFtfi0QRJs3DFMnoaQm47cOxeS-0gSiI/pubhtml#

What's new? Terra, Gemini Dollar and CarbonUSD added!

[kronos123]

Announced by the Eidoo Team the creation of a new stable currency attached to the precious metal, EKON, kept in the vault of the Eidoo headquarters in Lugano, Switzerland, and checked every 90 days (audit).

https://www.coindesk.com/swiss-crypto-startup-eidoo-announces-token-tied-to-the-price-of-gold/amp/?__twitter_impression=true

https://cryptonomist.ch/en/blockchain-en/eidoo-stable-coin/

https://blokt.com/news/eidoo-announces-new-erc20-gold-pegged-stablecoin