Discover and read the best of Twitter Threads about #USDP

Most recents (9)

⚠️LA SEC VUOLE DISTRUGGERE LE CRYPTO?⚠️

No.

Facciamo un breve #thread "storico"🧵⬇️
1/ Aprile 2022:

Mi sento nostalgico e voglio tornare a quando non esisteva #ChatGPT, gli #UFO erano lontani e @SBF_FTX era solo un trentenne disagiato.

Eravamo tutti long su #TerraClassic mentre @PaxosGlobal pubblicava questo statement su #BUSD:

paxos.com/2022/04/07/bus…
2/ Settembre 2022:

Il messaggio di Paxos è rimasto nell'ombra per mesi.

Nel frattempo l'estate ci stava lasciando e #Binance decideva di convertire tutte le #StableCoin (tranne #USDT) in #BUSD

en.cryptonomist.ch/2022/09/06/bin….
Read 15 tweets
🚨AGGIORNAMENTO SU BUSD🚨

@cz_binance ha appena scritto un tweet sulla situazione attuale di #BUSD

Vediamo insieme cosa ci dice e facciamo qualche breve riflessione 🧵⬇️

1/ ✋Il NYDFS ha ordinato a #paxos di fermare la coniazione nuovi BUSD.

La #stablecoin sarebbe una security secondo il Dipartimento dei servizi finanziari di New York

it.cointelegraph.com/news/paxos-ord…
2/ 🏪 Secondo le parole di #cz_binance questo non comporterà un'interruzione nei servizi di gestione e di rimborso di BUSD da parte di @PaxosGlobal

Fermare la coniazione di nuovi BUSD potrebbe però portare a una contrazione della capitalizzazione di mercato
Read 15 tweets
#USDN depeg
#USDD depeg
#MIM depeg
#FLEXUSD depeg
#ALUSD depeg
#USDX depeg

is it stablecoin on crisis?
On this list, we saw some of 20 big cap stablecoin is depeg
The most safety stablecoin are full backed by US dollar, such as:

#USDC
#BUSD
#GUSD
#HUSD
#USDP
#TUSD
Read 3 tweets
#NYDFS issues USD backed #stablecoin guidance; must be fully backed by an asset reserve; issuer must adopt a clear redemption policy, approved by DFS in writing (!!!) redemption at par in fiat; reserve must be held in custody with /1
dfs.ny.gov/reports_and_pu…
US state/federally chartered depository institutions and/or asset custodians. Reserve must be held in govt treasuries "subject to DFS- approved reqs re: overcollaterialiation." Reserve must be subject to independent audit 1x month by independent CPA under AICPA attestation /2
standards. DFS may also impose obligations regarding cybersecurity and IT standards and evaluate issuer BSA/AML & Sanctions compliance, safety and soundness of the issuing entity; and the stability/integrity of the payment system, as applicable on Issuers. /3
Read 10 tweets
1/21
Stablecoins

It’s been a brutal week for most crypto holders with extreme selloffs on nearly all assets.
A lot of people fled to the safety of stablecoins thinking they were safe.

But UST depegged and FUD now also reached USDT.
Do your research & know your investment! 🧵👇 Image
2/
Coins we're looking at:
* #USDT
* #USDC
* #BUSD
* #UST
* #DAI
* #FRAX
* #MIM
* #TUSD
* #USDP

It's a lot of information to take in but it's important to understand in what asset you park your money. Always DYOR! This is meant as a rough guide for understanding.
3/
#USDT
* Controversial, yet most popular.
* Lots of indications that the 1:1 fiat to crypto backing they claim to have is in fact false.
* April 2019: Tethers own lawyers had to admit that the company had only 74% of the #USDT in fiat backing (tinyurl.com/3ce233zc).
Read 21 tweets
1/ Time to look at the main stablecoins, including people's favorite #UST which looks rather weak.

There is one undisputed winner, despite any criticism.

The reason? Adoption, liquidity, and volume.

The rest are kings in their niche. A thread 👇

#USDT #USDC #BUSD #DAI #UST Image
2/ Ranking by market cap is easy (see pic), but that barely says anything.

What is more important is volume and where this volume comes from!

Let's do a ranking by 7-day volume divided by mcap.

See next tweet for the results. 👇 Image
3/ WoW look at that #UST adoption... barely any. Even DAI looks better.

1. #USDT = 4.78 (392 bil volume / 82 bil mcap)
2. #BUSD = 1.59 (27 / 17)
3. #USDC = 0.58 (29 / 50)
4. #DAI = 0.28 (2.5 / 9)
5. #UST = 0.20 (3.4 / 17)

Clearly, USDT and BUSD are in their own class.

Why? 👇
Read 18 tweets
[#LUNA#bitcoin 준비금 의미와 영향]

LUNA Foundation Guard(LFG)는 $10 billion 어치 #bitcoin 을 준비금으로 매수한다는데 그것은 과연 어떤 영향을 줄까? Image
#UST 는 스테이블한 상태 유지를 위해 #LUNA 발행과 소각을 통해 조절.

그런데 디지털자산시장의 전반적인 하락이 도래하면 #UST 에서의 자금 유출이 동반되고 $1을 맞추기 위해 #UST 는 소각되고 #LUNA 는 발행되게 됨.

그러므로 #LUNA 의 가격은 내려가고 하락이 가속화됨.
이것이 알고리드믹 스테이블코인이 대부분 망한 이유.

Crypto담보 스테이블코인인 #DAI 도 처음에는 #ETH 만 담보로 잡은 #SAI 였으나, 위와 같은 문제로 #bitcoin 을 담보로 추가 하였음.(Wrapped BTC)
Read 15 tweets
1. Myanmar’s new ruling military council has handed out at least three positions to leaders of parties allied to the #Tatmadaw proxy party, the #USDP.

The latest is Thet Thet Khaing, the leader of the controversial People’s Pioneer Party (PPP). myanmar-now.org/en/news/people…
2. The PPP was founded in 2019 by businesswoman Thet Thet Khaing, who left the #NLD after being suspended for criticizing its leader #AungSanSuuKyi

The party also includes former military officers and #ultranationalists. bit.ly/3ro7EFG
3. Thet Thet Khaing, who won a seat in 2015 as an #NLD candidate, was soundly defeated in her bid for election last year. bit.ly/2MxSE9a

She was appointed Minister for Social Welfare and Relief and Resettlement, replacing the popular Dr. Win Mya Aye.
Read 7 tweets
For all who are interested in the politics of #Burma and for all those who have been left questioning the logic and timing behind this supposed '#coup' - I think we need to first understand that there was no #democracy to begin with
The 2008 Constitution was written by the #Tatmadaw for the #Tatmadaw
1. 25% seats go to military
2. Military retains power in key depts and retains veto
3. Commander in Chief can call State of Emergency at a whim
The idea of the #Burma constitution 2008 was that with the combination of the 25% reserved seats and with the #military proxy party USDP only needing to secure 25% more of the popular vote, the military would always retain 'democratic' control
Read 12 tweets

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