Discover and read the best of Twitter Threads about #StableCoin

Most recents (24)

$APTY PR

📌streamlining to maximize attention on the Verifundr platform and $SPRA stablecoin,” - Glenda Dowie

globenewswire.com/news-release/2…
$APTY

📌Physical gold inventory currently held and that is in the process of being recovered over the next 90 days will be transferred to @APTYsys for eventual backing of the #StableCoin

globenewswire.com/news-release/2…
$APTY

“This move allows APT to experience the best of both worlds—all of the benefits of gold recovery while removing ourselves from the physical work of sorting tons of circuit boards and electronics in the daily operation of AUREX,” Dowie says.

globenewswire.com/news-release/2…
Read 4 tweets
Total stable coin value just hit $150 billion up from $20 billion a year ago ( Tether + USDC + BUSD + TUSD + DAI). stable coins are going to be a huge game-changer and will trigger a new gold rush in modern 'banking ' #stablecoin #newgoldrush #ecoin
Time for a 🧵
Unlike cryptos like Bitcoin or Ethereum which are highly volatile, Stable coins like USDT, USDC are pegged to the value of the U.S dollar, which offers friction-free dollar payments.
Up until now, Stable coins are primarily used by arbitrage traders to extract arbitrage opportunities across various crypto exchanges.
In the recent past however stable coins are being increasingly used for remittances across different countries like Lebanon, Nigeria etc.
Read 14 tweets
There's always a lot of talk about an economic and financial crash. While there are a few who think everything will keep going up, I think we are going to see a mix of both. Allow me to explain. It appears #Crypto is heading towards a market cycle top with a full fib extension.
This is likely to happen sometime between now & spring. There is also a lot of analysis that supports full fib extensions and market cycle tops for the #NASDAQ and the #DowJones at the same time. This is based on a fib cycle start for the NASDAQ in March of 2000 with the #Dotcom
bubble burst and for the #DowJones in Oct of 2007 with the financial crisis. I agree with the cycle start for the #NASDAQ but see the fib cycle start for the DowJones beginning a month before the #Dotcom bubble burst in Feb of 2000 and extending to the #COVID19 crash in March of
Read 18 tweets
1of10) $APTY Page 24 of the White Paper - Technical Advisors it states "We have also enlisted the help of @LeewayHertz (leewayhertz.com/about-us/) as our Blockchain advisors and to assist with developing Smart Contracts. More details will be shared publicly through releases." 👇👇
2of10)I'm going to give you a look into what @LeewayHertz actually does.@LeewayHertz has delivered over 500 Digital products in different verticals and business domains. Established in 2008, they have helped over 100 Fortune 500&enterprises in their software development projects
3 of 10) @LeewayHertz portfolio includes companies like Siemens, P&G, O’Reilly Auto Parts, Hershey’s, ESPN, McKinsey, Wizard Publications and many more. They work with small to medium and large-sized companies to understand their business needs 👇👇
Read 10 tweets
1/ @harmonyprotocol at the Messari (@MessariCrypto) Mainnet in NYC 2021 where @stse chats about the future of #Web3, #DeFi and more, with #builders & #leaders and how #Harmony can aid in fast tracking growth for these distinctive projects 💙

Here's what happened 👇
2/ Yaz Khoury (@Yazanator) of @cLabs who is building @CeloOrg, talks to @stse about their mobile-first approach for the emerging markets! 📈

👉Discover cLabs: clabs.co


#DeFi #celowallet #StableCoin
3/ Next he speaks to Dhawal Shah (@Dhawal0921) of @FrontierDotXYZ. #Frontier is a multi-chain DeFi wallet supporting 11 chains now.

They discuss about simplifying #DeFi by bringing it on ONE simple layer

👉Discover Frontier: frontier.xyz
Read 23 tweets
1 of 8) $APTY - @APTYsys was incorporated in the State of Delaware on October 29, 2010 to engage in the creation of innovative stock trading platforms and visualization solutions for the financial markets.
2 of 8) While management works to deliver its financial platforms, it also is strategically working to acquire other software and compatible financial businesses which demonstrate strong growth potential stemming from a solid business plan.
3 of 8) @APTYsys has identified prospective opportunities and continue with due diligence efforts that will and do include testing software performance.
Read 8 tweets
❄️ Time for a FAQ thread ahead of our launch ❄️

1) What is #DefrostFinance?

📢 Defrost Finance (defrost.finance) is a decentralized protocol that allows you to leverage LP tokens & other pool tokens from @avalancheavax as collaterals for generating the $H2O #stablecoin
2) Why would you want to mint H2O?

📢 Because:

🪙 It gives you extra rewards on your LPs

💵 You get a #stablecoin you can use to invest elsewhere

🤑 You receive $MELT

💎 You get to re-stake both $MELT and $H2O in other pools (coming soon!). That means even more rewards.
3) What is $MELT?

📢 Melt is #Defrost's governance token.

You can use it to ⬇️

💰 Access profitable staking opportunities

⚡️ Join the platform governance system

💲 Pay fees
Read 5 tweets
Ladies and Gentlemen!
Today Ill explain a #StableCoin strategy .
This one really shows the power of #DeFi but is a little more complex, * MAKE SURE THERE IS AVAILABLE $MIM TO BORROW FIRST. THREAD TIME;
Step #1: Deposit your #StableCoin of choice $DAI $USDT $USDC onto Curve.fi
Step #2: Deposit your 3CRV ( a receipt that you get for depositing your stables in the 3pool) to the convex wrapper on abracadabra.money
Read 6 tweets
1/ As you read the #PWG #stablecoin report, it will be important to occupy the headspace of the authors. A 🧵 from someone who does or did work for a federal financial regulator 👇👇

*These are my independent thoughts and do not necessarily represent the views of my employer.*
2/ First, a note about process: interagency work is a total clusterf*. What usually happens is one office in one regulator will take the lead in drafting, and they’ll circulate the draft to all the other agencies for multiple rounds of review and reconciliation.
3/ Inside of each agency, there’s usually an extremely convoluted process to get every stakeholder office to weigh in and provide input, and it has to go through the agency head at some point for sign off.
Read 20 tweets
1/ JUST PUBLISHED article abt #stablecoin interoperability in @CentralBanking_ (yep...!)--another collaboration w/ Dr.Manmohan Singh of @IMFNews + my 1st w/ Dr Charles Kahn of Univ of IL. 🚨VERY IMPORTANT NEW POINT included🔥 (behind a firewall but 🧵👇).
centralbanking.com/fintech/789225…
2/ Best historical analogy for #stablecoins isn't wildcat banking--it's check clearing. Private pre-Fed check clearing networks are analogous to different private stablecoin networks today. What made checks interoperable?

💡2 things: common standard+Fed guarantee of pymt at par
3/ We argue #stablecoin issuers should gain access to Fed payment systems so they can back stablecoins w/ central bank reserves (ie, guarantee of pymt at par to members of Fed's network), but ALSO that the choice of tech should be agnostic. (The mkt has already voted on this.)
Read 10 tweets
{Thread] Comment générer 20% d'APY sur le #stablecoin $UST avec @anchor_protocol

Toutes les différentes étapes pour savoir comment faire pour déposer sur la blockchain @terra_money

Enfilez votre maillot de bain de #yieldfarmers, mouillez vous la nuque, c'est parti ⬇️
Qu'est ce que @anchor_protocol ?

C'est un protocole de #lending/#borrowing, c'est-à-dire de prêt et emprunt.

L'application est basée sur la #blockchain @terra_money et son but est d'offrir à ses utilisateurs des rendements d'environ 20 % par an.
Comme la majorité des app du secteur comme @CelsiusNetwork, elle permet à ses membres d’emprunter/prêter de la #crypto via la technologie #blockchain.

@anchor_protocol va ensuite verser une partie de ses profits aux personnes ayant prêtés leurs #cryptomonnaies.
Read 30 tweets
Some of You may be already familiar with @standarddefi but If You are somehow not, check what is coming from this #MultiChain #protocol for #synthetic assets. Standard Protocol is coming with lots of goodies for #Dotsama #Defi degens. Check this thread to know what to expect…
1. Standard Protocol Decentralised exchange with own AMM module launching on @ShidenNetwork with swap functions, LP provision and unique #Standard #dividends pool. Users will have a great Opportunity to generate revenue from DAY1 of #mainnet launch on #Shiden
Users will have unique #opportunities to generate #revenue on Standard DEX, with #STND and #SDN @ShidenNetwork tokens. #Defi #degens from #Dotsama ecosystem can try all those on testnet in from of mainnet Launch

You can join testnet Here:
apps.standard.tech
Read 15 tweets
🚨 BREAKING: #CFTC orders #Tether and #Bitfinex to pay fines totaling $42.5M. Tether will pay $41M over claims that #stablecoin was fully backed by US Dollars. #Bitfitnex will pay $1.5M for illegal transactions and violation of prior CFTC Order.

cftc.gov/PressRoom/Pres…
"The order requires Tether to pay a civil monetary penalty of $41 million and to cease and desist from any further violations of the Commodity Exchange Act (CEA) and CFTC regulations, as charged."
"As found in the order, Tether held sufficient fiat reserves in its accounts to back USDT tether tokens in circulation for only 27.6% of the days in a 26-month sample time period from 2016 through 2018."
Read 7 tweets
Some thoughts & ramblings on @synthetix_io and $SNX price action.

I've been staking since Epoch 1 and have seen how the price is affected by different things in the market.

🧵 1/x
First of all it is vital to understand that $SNX is not a passive Gov token. Its true worth, is having it staked to earn rewards.

The goal is to have transaction fee rewards in $sUSD outweigh $SNX rewards by some magnitude in the future.

2/x
This is currently not the case as the protocol emission is still incentivising staking heavily. But this will change as the emission model reduces $SNX over time and all the building block start falling in place that will drive Transactions through the protocol.

3/x
Read 24 tweets
1/ "Even in the face of regulatory threats, #crypto enthusiasts see each development as a step towards mainstream acceptance. So it's no surprise that a new crypto-friendly bank becoming a member of the Federal Reserve would be a headline grab."🤠@AvantiBT
businessinsider.com/ceo-crypto-ban…
2/US banking law is confusing but @lailamaidan got it right--@AvantiBT is different--is eligible for BOTH access to Fed's payment system & to become Fed member PLUS has applied for BOTH. (OCC trust banks aren't depository institutions so aren't eligible for payment system access)
3/ I can't think of another industry that is so deposit-constrained: ~$80bn of USD bank deposits supports >$2trn in assets. Our industry has a big single point of failure risk: USD banking access. Plus there's lots of settlement risk in trad banks when they bank #crypto industry.
Read 10 tweets
1/ THIS IS WHERE WE ALWAYS THOUGHT the #stablecoin regulatory direction would go, which is why @AvantiBT chose to get a bank charter. Anything that touches the USD financial system was always going to fall w/in the Fed's purview, directly or indirectly, esp once it became big.
2/ Plus it makes sense policy-wise. Nonbank #stablecoin issuers gum up the #repo mkt by siloing T-bills & other Level 1 high-quality liquid assets (the repo mkt already finds these assets too scarce). If stablecoin issuers are banks, tho, dormant Fed reserves can be used instead.
3/ Details on the above point are here👇. The v high velocity of #stablecoins comes from their superior tech vs trad payment systems, not from leverage. Traditionally, monetary velocity came from leverage. But thanks to stablecoins it no longer needs to.💪
cato.org/cato-journal/s…
Read 8 tweets
Bridge your assets to @SecretNetwork and get earning on these juicy rewards! 💦

Bridges to BSC, ETH, & XMR LIVE! More under construction 🏗️

Use the bridges🌉
bridge.scrt.network

Learn more 🧐
docs.secretswap.io/secretswap/pro…

Get earning with 🤑
app.secretswap.io/earn Image
SEFI - sXMR
191% APY
$1,327,606.67 TVL

$XMR @monero #Monero #XMR $SEFI #SecretFinance #YieldFarm #LiquidityMining Image
SEFI - sUSDC
166% APY
$1,445,499.14 TVL

#USDC $USDC #PriFi #DarkFi #StableCoin #YieldFarming Image
Read 20 tweets
1/ @NYtimes story on #crypto/#banking deserves a thoughtful reply. Issue isn't black & white: anti-crypto forces try to paint us all w/ a broad brush. Bad actors deserve to be called out, but the article ignores fact that regulatory-compliant firms exist. nytimes.com/2021/09/05/us/…
2/ First--@ericliptonnyt/@el72champs you got a fact wrong & it deserves a correction. #Wyoming’s special bank charter doesn't allow “cryptocurrency deposits.” “Deposit” has a v specific meaning in banking: banks can only take deposits in fiat money (US$)--not in crypto. Pls fix.
3/ That’s a key distinction. Regulated banks can provide CUSTODY services for #crypto (like for securities) but CAN’T take deposits in ANYTHING except money. Article misses that critical point--it’s a firewall protecting Fed's payment system from exposure to anything other than $
Read 24 tweets
#Ethereum size istediğiniz her şeyi yapabileceğiniz bir platform sunar ama nasıl yapacağınıza #ETH karar verir.” Ethereum ile #PolkaDot arasındaki temel fark budur. Bugün anlatacağım @AcalaNetwork #AcalaNetwork projesi #PolkaDot un hepsi bir arada #DeFi hub ı olmayı planlıyor. Image
#ETH protokolü üzerinden istediğiniz #DApp uygulamasını yazabilirsiniz ama istediğiniz şekilde yazamazsınız. En basitinden, protokol sizden #ERC20 standartlarına uymanızı, #Solidity dilinde yazmanızı, (yüksek fee ücretlerine rağmen) fee olarak $ETH kullanmanızı isteyecektir. Image
Öte yandan, PolkaDot ağı birçok yazılım dilini desteklediği için size herhangi bir programlama dilini veya herhangi bir para birimini kullanmanızı gerektirmez. Geliştiricileri/Yazılımcıları kısıtlamak, sınırlamak yerine onlara tüm istediklerini yapabilecekleri bir platform sunar
Read 16 tweets
Summary 🧵

$UST $LUNA $ADA $DJED #Stablecoin #Cardano #Terra

Author: @GooseCapitalLLC
Original article: thecryptodrip.com/the-stablecoin…
History:
- Austrian economist F.A Hayek postulates incentive markets are better than gov FIAT, 1976.
- Sees a world of free people, money, and capital movement.
- Self-interested banks would a better job at value preservation.
- Is being built rn, Stablecoins.
Stablecoins:
- Current iteration is a liq bridge, ref point Dollar.
- Very difficult for fiat and stables alike.
- Ex Thai baht removal US peg -> currency devaluation crisis.
- EX MakerDao black Thursday, cascading liq.
- Need development and network effects.
- Enter Terra, Djed ImageImage
Read 14 tweets
Gyroscope is an all-weather stablecoin that is decentralized, scalable, and highly liquid based on revolutionary new designs. It's not out yet, still in testnet phase. But we'd like to share how the protocol works.

#stablecoin #decentralized @GyroStable
3 main highlights of GYD:

1. All-Weather Stablecoin
2. Dual AMM Mechanism
3. Still in development
Mechanisms:

1. Reserve Based: The reserve ratio, in the long run, is supposed to be 100%
2. Algorithmic: It has a dual AMM model which is basically an AMM in the primary market and an AMM in the secondary market.
Read 10 tweets
Si par un dimanche d'Août vous ne trouvez toujours pas le temps de vous éduquer sur la #DeFi et #Ethereum, quand le ferez-vous ?

Je vous propose donc une petite lecture guidée / sélection d'articles pour monter en compétence sur le sujet - 🧵 un thread 👇
Les marchés monétaires sont au centre de la #DeFi - ils permettent l'emprunt d'actifs et offrent des rendements parfois attractifs.

Mais comment évaluer leur sécurité ?

👉 L'article le plus complet & détaillé que vous trouverez en FR sur le sujet 👇

tokenbrice.xyz/fr/marche-mone…
Pour gérer le risque en #DeFi, différentes approches existent : il y a bien sûr les assurances, mais personnellement une autre approche m'enthousiasme beaucoup : le tranching

Je l'explique et l'illustre dans cet article :

tokenbrice.xyz/fr/tranching-r…
Read 11 tweets
Short opinion on #crypto markets (never advice) from my side:

I think we had a very significant development in that #tether has put out an attestation of their reserves that is confirmed by an actual auditor and is quite deep in information.
That report is still showing the assets backing $USDT are more dangerous than other stables, especially due to the still large CP holdings, but combined with the footnotes & rating info I believe the likelihood #tether actually has the money increased significantly.
To me, that means the single biggest tail risk for #crypto markets has been markedly reduced in probability.

I think the likely negative scenarios now are:
- DOJ indicts management personally
- any earlier wrongdoing is settled for $ (see bitmex settlement)
Read 8 tweets
1/ (Why) does it make sense to become a liquidity provider in #DeFi markets? Our partner @lab_blockchain had a look at LPing $ETH / #stablecoin pairs in @Uniswap v2. Here, we focus on three major ones: $ETH / $USDC, $ETH / $USDT and $ETH / $DAI. Image
2/ Close enough… All of the three #stablecoins hold their peg to the dollar quite well. So historically, it wouldn’t really have mattered which one you held onto. Image
3/ If you own some $ETH and #stablecoins, the safest choice is to just #HODL. In our period under consideration, you’d have made 202% if you just held on to a portfolio of 50% ETH and 50% stables. Starting with $10k, that’s $30.2k. Image
Read 14 tweets

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