Discover and read the best of Twitter Threads about #StableCoin

Most recents (24)

Stablecoin giant ‘Circle’ and Concord Acquisition Corp have terminated much anticipated SPAC plans, citing potential bankruptcy

🧵Below

#tradfinomics #crypto #cryptocurrency #btc #eth #xrp #matic #usdc #circle Image
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Read 5 tweets
Tether Operations Limited (@Tether_to), the company that powers the most widely used stablecoin by market capitalization, has announced the addition of its offshore Chinese Yuan (CNH₮) to the #Tron blockchain.

A thread 🧵

#Tether #CNH #stablecoins #stablecoin
/1 At launch, @bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer from the platform.
/2 Created in 2019, CNH₮ is pegged to offshore Chinese yuan (CNH) and initially available only on the Ethereum blockchain as an ERC-20 token. Its launch on #TRON will make it the second blockchain on which CNH₮ can be obtained, traded, and held.
Read 8 tweets
1/
How to become your own bank 🏦

Financial independence, (or self-sovereignty), is being able to take ownership of your assets and money. It’s having enough to do what you want with your time.

And no, financial independence isn’t just for the rich...
🧵
2/
Financial sovereignty is a journey. One in which you become freer and more powerful over time, as your knowledge and toolset develops.

Bitcoin has opened the gates to a new age in which you can claim back control over your finances in a way that was previously impossible.
3/
Unlike other fiat currencies, where central issuers can print and devalue them overnight, #Bitcoin is ruled only by its code—which is protected by its community.

So, how do you get started on your journey?
Read 20 tweets
Ok maybe I am 5th quadrant stupid.
But can someone please explain to me wtf is going on here? From the #tron #DAO page....$39.5Billion
Almost all of it is #tether that alone rings more alarm bells than the #hunchback on a 5 day bender mainlining #meth
But its nothing compared to this....I mean wtf....risk free yield 45% on USDT???

#tron #ponzi #fraud #stablecoin #shitcoins #tether
Read 4 tweets
Why has @defichain's dUSD been DEPEGGED for more than 5 months?

1/19 🧵 on the Top10 TVL chain that CT doesn't talk about
2/19
Defichain was created by Julian Hosp and partnered with his company, CakeDeFi.

With Hosp's history in TenX and Lyoness, many have wondered if this is the next Cefi rugpull.

Interestingly, CakeDefi is compared to other defunct lenders on their own website. Up to 23.9% APY!
3/19
For a chain that's called "Defi"chain, its TVL seems overly reliant on just two Dapps. Even His Excellency's Tron has 10.
Read 20 tweets
Latest news in the #StarkNet ecosystem

Here’s what you need to know🧵

#Crypto #Blockchain #Web3 #NFTCommunity
1/ #StarkNet token $STRK has been deployed on @ethereum.

Beware of scams - the tokens are not yet available for sale.

Check out the @DuneAnalytics dashboard by @SixdegreeLab 🔽
2/ @Starknet_id, the all-in-one naming service on #StarkNet, debuts "Stark Club", an association for .stark domain holders.

Early #StarkNet projects are working on their subdomain clubs to reward #OGs & early participants.
Read 6 tweets
Pero, si $USDT corre peligro, ¿cuál es la #stablecoin más segura?

$BUSD? $USDC? $DAI? ¿Otra más desconocida?

Todos atentos que va a ser solo un momento ⬇️🧵

0/10 Image
Vamos a ser sinceros desde el principio. Segura al 100% no hay ninguna.

No hay ninguna que tenga toda su capitalización, ni siquiera la mitad, en reservas líquidas. Pero sí hay opciones más seguras y más arriesgadas, vamos a analizarlas:

1/10
En una situación idílica, una stablecoin para ser 100% segura, tendría que tener respaldado todo su suministro con una reserva en dólares, de forma que si TODO el mundo va a cambiar su stablecoin por dólares en proporción 1:1 pudieran satisfacer todos los intercambios.

2/10
Read 13 tweets
Au 3 Novembre 2022, 13% de la capitalisation du marché #crypto est constituée de #stablecoins 🏦

Combien connaissent leur fonctionnement 🤔

À la fin de ce #thread, vous comprendrez le mécanisme derrière les plus grands stablecoins et leurs désavantages pour mieux s’en protéger.
[0 - XX] Ce thread vous apprends

• Le mécanisme derrière ce modèle économique 💰
• Son utilité 🤔
• Une présentation des différentes alternatives: $USDC, $DAI et $LUSD 👍

En 5 minutes.
[1 - XX] Retrouvez ce thread en format blog sur mon medium 👇
cesarioo.medium.com/les-stablecoin…
Read 45 tweets
"The 21st Century Question: Emergently Engineering the Future"

Follow this 🧵 today and tomorrow for highlights from our 2022 #AppliedComplexity Network and Board of Trustees Symposium:

santafe.edu/events/annual-…

#Web3 #Cities #Polarization #EmergentEngineering #Decentralization
We start with a talk by SFI President David Krakauer:

"Would anyone care to guess why we're so GOOD at building transistors and so CRAP at designing drugs?"

"This thing [points to transistor] lives in a centralized system. This thing [points to cancer drug] lives in US."
"I'm going to pick on economics, because we like to do that at SFI. 'Ooh, look at that cover! So techy. Global, heat maps...' But here's 'Networks' [in the textbook]. THAT'S IT. Here's '#ComplexityEconomics.' NOTHING."
Read 111 tweets
THE BEST #BLOCKCHAIN COMPANIES TO INVEST IN

🔸What is Blockchain Technology
🔸10 x Great Blockchain Companies to Invest in

We dive deeper into this in the thread below
🧵🧵👇👇
What Is Blockchain Technology?

It is a type of database that is both public & decentralized

Each “block” in a blockchain is a data structure & is recognized by a cryptographic “hash” and timestamp

It is almost impossible to alter/delete anything that has already been added
The blocks make up the chain & the data they contain is kept in a public database

Blocks include information on a transaction, such as cost/date/time & the digital signatures of those involved

Info on the blockchain can be accessed by anybody
Read 21 tweets
1/16 Second Great #Stablecoin War incoming! 🤺

Why?

Let's find out together!

A thread by @esatoshiclub!
2/16 #Binance deliberately started a war with @circle's $USDC as soon as it announced it would automatically convert users’ deposits of #USDC to their own #stablecoin $BUSD

It's clear that @binance wants to chunk a big piece of this market. But would it be able to dethrone USDC?
3/16 Let's talk numbers. #Binance made the first major move and $BUSD's share of the #stablecoin market increased from 10.01% to 15.48%.

Also, its market cap has also risen 3.3% over the last 30 days.

One simple move, a significant outcome. The art of war at its finest.
Read 16 tweets
$FXS saw a nearly 18% surge at one point in the past 24h following the expectation about its upcoming liquid staking protocol and $frxETH release.

What's in store for @fraxfinance and what the future holds: A 🧵

0/ 👇
1/ On its way to becoming a "decentralized central bank," @fraxfinance has shipped new innovations to the #crypto-verse.

And $frxETH, a liquid $ETH staking derivative to maximize staking yield and smoothen the @Ethereum staking process, is the latest one to come to life.
2/ $frxETH acts as an $ETH-pegged #stablecoin, but the peg will be "soft" at first and become "tight" after Shanghai withdrawals, according to @samkazemian:

As frxETH can be exchanged 1:1 with ETH, the amount of frxETH in circulation must be equal to the
Read 21 tweets
This report (and this 🧵) explores dollar-pegged #stablecoins, providing a comprehensive overview of their evolution over time.

We’ll discuss the major stablecoins around today, their designs, their dynamics, and their usage.
To start, #stablecoins are digital representations of other assets for use on #blockchains.

Although able to track the price of other underlying assets, stablecoins are most commonly linked to USD. That’s what our report focused on. Image
At a $150bn+ market cap, stablecoins have become an increasingly important part of the #crypto economy.

They combine the benefits of open crypto with the price consistency of widely accepted fiat currencies.

3/6 of the top crypto assets by market cap today are stablecoins. ImageImage
Read 15 tweets
Introducing Nostra Swap 🫰

The most efficient decentralized exchange to swap your stablecoins on #StarkNetImage
Nostra Swap supports $UNO, the first StarkNet-native stablecoin

You’ll be able to swap between all major stablecoins like $UNO, $USDC and $DAI with low fees and low slippage

Let's dive in 👇
How does it work?

SWAP ↔️

With Nostra Swap, you'll be able to efficiently swap stablecoins for UNO or between any other stablecoins on StarkNet

EARN 💰

Nostra Swap is permissionless, allowing anybody to earn yield by providing liquidity for any supported #stablecoin
Read 12 tweets
A new #RealYield opportunity with the launch of The Hoarder from @hoardusdh.

Delta neutral 10 to 25% APY #RealYield for stakers.

Basically an attempt at a legitimate #DeFi savings account!

Here's an overview of how it works; risks, rewards, pros and cons. 1/20
$USDH is a fully decentralized #stablecoin backed 1:1 by a basket of censorship resistant stables: $MIM $USDD $sUSD $LUSD $FEI

I wrote a detailed thread on @hoardusdh (below). This thread focuses on how the protocol generates #RealYield

2/20
Before we start it's important to understand what #RealYield is in #DeFi.

Is it another fad/buzzword or is the future with protocols with a real product and use case generating real revenue 🤔

Open to debate. This thread is a great place to start.

3/20
Read 20 tweets
There's a new #stablecoin coming to $ETH mainnet. It will be immutable, governance free, fully collateralized, and includes some fun PVP & #NFT elements.

In this thread, I'll briefly go over what @DYADstable is, how it works, and what to expect come launch. 👇
First, lets try to identify the ideal stablecoin protocol/design in order to better understand Dyad's design. The ideal stablecoin will balance Supply and Demand side dynamics, creating a Dyad between the two.
For the Demand Side, a stablecoin protocol needs to:
- Be stable
- Be decentralized and immutable
- Be redeemable for $1 worth of collateral at any time
- Maintain overcollateralization to absorb extreme volatility
Read 33 tweets
In this market I'm focused on quality over quantity, diving deep before pulling the trigger.

Very impressed with the @hoardusdh team, so much so I'm supporting as an advisor.

Here's my take on the challenges #stablecoins face and why $HRD and $USDH *may* be the answer. 1/16
Top line: $USDH is the only #stablecoin with all 4 of the following traits:

- No centralized issuer
- No algorithmic or debt position backing
- No blacklist functions
- No "blacklistable" collateral

That's the hook, but how does it work and why does that matter? 2/16
$USDH is a fully decentralized #stablecoin backed by a basket of censorship resistant stables: $MIM $USDD $sUSD $LUSD $FEI

Deposit $1 of these whitelisted stables and mint $1 of $USDH and vice versa for redemptions.

Deposits form the basket of Hoard's collateral assets 3/16
Read 16 tweets
1-10
Today I’ll show you how we can pay for Rent and Living Expenses with our #Bitcoin without selling them.

Using #ZERO from @SovrynBTC , a #DEFI platform running on @RSKsmart , a sidechain that uses #BTC as its native currency as it is merged mined by the BTC miners
2-10
All we need to get started is some #Bitcoin and an @RSKsmart enabled wallet, I personally use @Liquality_io , but @MetaMask or @defiantApp work as well.

We exchange our #BTC for #RBTC using the #FastBTC bridge from @SovrynBTC at live.sovryn.app/fast-btc/depos…
3-10
The #RBTC is always backed 1 to 1 with #BTC and can be traded back and forth

This maintains their value, and once in the @RSKsmart blockchain we can take advantage of #SmartContracts and #DEFI platforms like @SovrynBTC , @moneyonchainok and @tropykus secured by #BTC
Read 10 tweets
0/ stablecoin liquidity is a core element of a flourishing, decentralized financial system

let's explore the #stablecoin landscape & have a look at the largest & most innovative stablecoins out there

featuring $USDT, $DAI, $FRAX, $UXD & more

mega-🧵 on stablecoins (0/50)✨👇 Image
1/ stablecoins are #cryptocurrencies the value of which is pegged, or tied, to that of another currency, commodity or financial instrument
2/ most #stablecoins use the the U.S. dollar as their “stable” reserve asset. Stablecoins are designed to reduce volatility relative to unpegged #cryptocurrencies like Bitcoin and bridge the worlds of crypto & fiat currencies
Read 51 tweets
Finally! There's only one day left before our Full Launch. Excited to stake #stablecoins to earn $WOM but not sure how?

Here are some quick info if you can't be bothered to read the whole article 🧵
2/ Unlike other stableswaps, you need only ONE type of #stablecoin to stake and earn $WOM. Here are your choices: $USDT, $USDC, $DAI, and $BUSD

Here's a short step-by-step video guide to walk you through the process:
3/ After staking your stablecoins, you can maximize your yield even further with $veWOM. Lock your $WOM from 7 days to 4 years to boost your APR!

Here's a 1-min video guide to teach you the details:
Read 5 tweets
$WOM is @WombatExchange’s governance token and once the full version of the app has launched, you will be able to earn it by staking #stablecoins!

So... what makes $WOM so special? 🧵
2/ Wombat has adopted the ve-token model where you can lock $WOM to obtain the yield booster $veWOM.

This applies a boost to all #stablecoin pools and maximizes your APR! At Wombat, we reward those who have faith in $WOM in the long term 🐻
3/ Like any governance tokens, $WOM token holders can participate and vote on Wombat's governance decisions. But wait, there's more! You will also be able to vote on decisions for a multitude of protocols building on top of Wombat!

📚 Learn more: medium.com/wombat-exchang…
Read 6 tweets
1\6
Lobster Daily #521 – Daily Recap – 31 August:
2\6
1. Proposal 117 was executed, which updated the price feed that Compound v2 uses🗳
Link:
Link to discussion:t.me/lobsters_chat/…
3\6
2. Sherlock backs every audit with 10m TVL coverage and and 1m bug bounty coverage
Link:
Link to discussion:t.me/lobsters_chat/…
Read 7 tweets
The $WOM TGE is now very close at hand. ⏳

We're thrilled to see the fruition of the #StableswapV2, and here's what you should know about our $WOM token🧵 Image
2/ Wombat Exchange is a next-gen multi-chain #stableswap native to the @BNBCHAIN.

Swap stablecoins at hyper-efficient rates w/ minimal slippage & earn massive yield via our single-staking pools with stableswap 2.0 model. We bring innovation to the #BNBChain & to #DeFi at large.
Looking to get a grasp of what Wombat does? Watch this video and to know us better in less than 1 minute!

🔗
Read 12 tweets
Airdrop

When #cryptocurrency projects distribute their native #tokens straight to their customers' wallets.

[#web3 glossary thread]
Alpha

Important or insider knowledge, notably about the value of #digital assets such as #cryptocurrencies and #NFTs; a measure of an investment's return over and above that of the market or other benchmark.

[#web3 glossary thread]
Altcoin

Formerly used to describe any #cryptocurrency that wasn't #Bitcoin; however, #altcoin is now used to describe any new cryptocurrency with a low market valuation.

[#web3 glossary thread]
Read 102 tweets

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