STABLECOIN: comparison and opportunities

[CP_Processor]

Dear community, here is the first in the series of stablecoin reviews performed of the TrueUSD (#TUSD).

The goal is to further raise awareness on stablecoins, and help people understand how they work and what is their overall potential.

Hope you will find them useful!

https://medium.com/cp-processor/stable-coin-review-trust-token-tusd-60bc0a3178f2

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[kronos123]

Maybe if I was told to choose, I would choose Digix (DGX) because 1 DGX is equivalent to 1 gram of gold, and the price of gold every year always rises and continues to increase, but the question is, is it true that the price will remain stable and same as the price of gold / gram even though there will be a massive selloff later?

Digix serves above all to protect and diversify your capital, "parking" precisely on the well-preserved refuge oldest and used by man: gold! But this does not mean that you are not subject to descents or even collapses; as you can see from any chart also gold is subject to cycles, wider than other assets, and rebates, even important ... so it will also be Digix, which will follow the trend of the yellow metal.
So be careful though 
Take a look also at Ekon, in the launch phase.

I still trust USDT, despite the fact that it was often accused of falsification. But now began to appear alternative stablecoins, four of them, TrueUSD (TUSD), USD/Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX) have been listed on OKEX, therefore, I consider them the most reliable.

Greater supply means less manipulation by a few and greater security and choice on our part, but attention must be paid.

Dear community, here is the first in the series of stablecoin reviews performed of the TrueUSD (#TUSD).

The goal is to further raise awareness on stablecoins, and help people understand how they work and what is their overall potential.

Hope you will find them useful!

https://medium.com/cp-processor/stable-coin-review-trust-token-tusd-60bc0a3178f2

You're doing a nice job Cp_processor
Thank you and continue 

[CP_Processor]

Maybe if I was told to choose, I would choose Digix (DGX) because 1 DGX is equivalent to 1 gram of gold, and the price of gold every year always rises and continues to increase, but the question is, is it true that the price will remain stable and same as the price of gold / gram even though there will be a massive selloff later?

Digix serves above all to protect and diversify your capital, "parking" precisely on the well-preserved refuge oldest and used by man: gold! But this does not mean that you are not subject to descents or even collapses; as you can see from any chart also gold is subject to cycles, wider than other assets, and rebates, even important ... so it will also be Digix, which will follow the trend of the yellow metal.
So be careful though 
Take a look also at Ekon, in the launch phase.

I still trust USDT, despite the fact that it was often accused of falsification. But now began to appear alternative stablecoins, four of them, TrueUSD (TUSD), USD/Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX) have been listed on OKEX, therefore, I consider them the most reliable.

Greater supply means less manipulation by a few and greater security and choice on our part, but attention must be paid.

Dear community, here is the first in the series of stablecoin reviews performed of the TrueUSD (#TUSD).

The goal is to further raise awareness on stablecoins, and help people understand how they work and what is their overall potential.

Hope you will find them useful!

https://medium.com/cp-processor/stable-coin-review-trust-token-tusd-60bc0a3178f2

You're doing a nice job Cp_processor
Thank you and continue 
[/quote

Thank you, Kronos, that really means a lot to us!

[Roukawa]

I never encounter those coin you havs listed in this thread. Those stablecoins you have mentioned are not in my watchlists. Even, I want to buy some of these, I can't because I don't have enough funds. Maybe, I will appreciate that once I got my payment in my bounties. But as of now, I think I cannot but them all.

[CP_Processor]

Dear community, here is the second in the series of stablecoin reviews performed of the USD COIN (#USDC).

The goal is to further raise awareness on stablecoins, and help people understand how they work and what is their overall potential.

Hope you will find them useful!

https://medium.com/cp-processor/stable-coin-review-usd-coin-usdc-c7cf78c81dfb

[consideritdone]

good space to compare at https://www.coingecko.com/en?category_id=36&view=market
tether still dominant?

[kronos123]

All specialized newspapers and magazines, forums, chats, reddit, twitter, etc. they are talking and commenting on the announcement of Circle to create its StableCoin (USDC); at the moment little news has been leaked except that at the launch USDC should exchange on Polinex (bought by Circle just a few months ago) as well as on OKEx, DigiFinex, CoinEx, KuCoin, Coinplug and XDAEX exchanges.

Many are saying that soon USDC will replace Tether and replace it soon.

https://www.coindesk.com/usd-coin-arrives-circles-crypto-stablecoin-is-now-trading

After a first phase of birth and supply of numerous stablecoin, obviously very far from being completed, we begin to witness a first "commercial war" related to the fees associated with the stable; the first to move in this direction is among the first born after tether and the largest candidate to become the number 1 stable on the market, after years of tether rule in fact.

Obviously I'm talking about USDC and Circle / Polinex

https://www.ccn.com/stablecoin-wars-poloniex-extends-fee-free-usdc-trading/

[CP_Processor]

We have just published third in the series of stablecoin reviews - Gemini Dollar (GUSD)
Find out more about their market cap, trading pairs, procedures for buying and redeeming GUSD and many more in this article

https://medium.com/cp-processor/stable-coin-review-gemini-dollar-gusd-7f3ad1ac18d4

[kronos123]

For dozens of new stablecoin coming out every day it is almost strange to read the news of one of the best-known stablecoin projects, BASIS, which is shutting down and returning almost all of the capital raised to investors, due to difficulties emerging from the regulatory point of view.
The company had raised $ 133 million during the year
financing

https://www.theblockcrypto.com/2018/12/12/stablecoin-project-basis-is-shutting-down-and-returning-the-majority-of-capital-raised-to-investors/

[CP_Processor]

Dear community, here is the review of the stablecoin PAXOS STANDARD (#PAX). Paxos Hope you will find it useful. Comment if there is anything we forgot to mention in this review. We would love to hear your opinion.

https://medium.com/cp-processor/stable-coin-review-paxos-standard-pax-892ef3fd24c8

[Tomox]

STABLECOIN is a coin that is specifically created stablecoin crypto has stable characteristics. The goal is to create a stable coin, which is to provide the benefits of cryptocurrency with the stability of the US dollar volume equation. With the creation of stable drugs it is hoped that fiat money can be converted into a decentralized digital currency. In addition, like the fall of the price of a 50% bitcoin can be avoided

[Google+]

if you really want to find a coin that has a stable price it will not be possible because at any time the coin can have price movements up and down. whereas the coin you mentioned at the moment the price has a price decrease and I conclude that there will never be a coin that can be stable.

[Bytem3]

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.

Check out this stablecoin page, there's a list of all stablecoin and information about price movements, volume, and marketcap. You can also see comparison between multiple stablecoins.

[Btc4Proxies]

i think you're leaving an important stablecoin.. one that is non-collateralized and not pegged to fiat or gold. Have you looked into ampleforth's elastic supply protocol?

[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.

Check out this stablecoin page, there's a list of all stablecoin and information about price movements, volume, and marketcap. You can also see comparison between multiple stablecoins.

Thank you for bringing back the page, but anyway if you scroll the posts back you will find other pages with an updated list of all the stablecoin outputs so far on the market.

i think you're leaving an important stablecoin.. one that is non-collateralized and not pegged to fiat or gold. Have you looked into ampleforth's elastic supply protocol?

I do not know this stablecoin; why do not you report the news you know?
Thank you.

[kronos123]

It's been a long time since I've updated this page and today the moment has arrived, for a big news launched yesterday by a consortium of blockchain companies including Uphold, FBG Capital, Cred, Blockchain in Berkeley and Brave. This group is now launching a digital asset called Universal Dollar (UPUSD).

The UPUSD will be completely transparent and will change to a 1: 1 ratio with the US dollar, which will be held at local FDIC insured banks. This new stablecoin will allow investors to access higher returns on their deposits, while gaining more accessible credit. At this time, the token will give users access to a credit line of $ 250 million, which has an interest rate of between 2% and 5% and allows the user to participate in flexible loans.
The Uphold platform supports the currency right now.

For more information
https://bitcoinexchangeguide.com/new-universal-dollar-upusd-stablecoin-by-universal-protocol-alliance-enters-crypto-market/

https://news.bitcoin.com/universal-protocol-alliance-launches-interest-paying-stablecoin-upusd/

[brookstom08]

Hey everyone,

There's one reliable stablecoin which has not appeared in this thread. In my opinion anyone should check EURS stablecoin. It is regulated under Maltese law and fully transparent. You can check more info here: https://stasis.net/

[gutshot5820]

I haven't ever really looked into Neo's stablecoin, would love to learn more. What's everyone's thoughts?

[consideritdone]

compare all stablecoins, here you go
https://www.coingecko.com/en?category_id=36&view=market
and
https://www.coingecko.com/en/coins/compare?coin_ids=tether%2Cusd-coin%2Ctrue-usd%2Cpaxos-standard%2Cdai%2Cgemini-dollar%2Cstasis-eurs%2CbitCNY%2Cstableusd%2Cnusd%2Cnubits%2Cbitusd%2Cconstant
DYOR

[jamesuk34]

I am wondering why everyone cling to USD pegged stablecoins. Community needs euro pegged stablecoins as well. If we talk about stablecoins pegged to euro, the most viable project seems to be www.stasis.net. They have created EURS with maximum transparency of the reserves and solid legal opinions. What other projects have impressed you?