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Crypto backed by crypto: Dai seeks to change 'stablecoin' game
Crypto backed by crypto: Dai seeks to change 'stablecoin' game
Dai, launched in 2017, seeks to dodge such concerns by giving up control of the ethereum coins its value is tied to, locking them instead in the blockchain contracts run by algorithms. That, supporters say, offers the benefits of stablecoins - instant transactions and steady value - while avoiding governance risks.
#Fintech#CryptoAssets#Stablecoins#MakerDAI#MakerDAO#DFC
·reuters.com·
Crypto backed by crypto: Dai seeks to change 'stablecoin' game
MakerDAO Launches Multi-Collateral Dai, Coinbase Support Coming Soon
MakerDAO Launches Multi-Collateral Dai, Coinbase Support Coming Soon
The MakerDAO project launches its upgraded multi-collateral Dai stablecoin today. To the relief of many, it will not include traditional assets as accepted forms of collateral just yet. Cryptocurrency Exchange, Coinbase, has already announced support for the upgraded token from 2nd December.
#Fintech#CryptoAssets#Stablecoins#MakerDAI#MakerDAO#DFC
·bitcoinist.com·
MakerDAO Launches Multi-Collateral Dai, Coinbase Support Coming Soon
From unknown wallet to unknown wallet
From unknown wallet to unknown wallet
"How long will regulators allow pseudonymous usage of stablecoins to continue? FATF regulations are supposed to be technology-neutral. So far FATF hasn't had much to say on stablecoins. But you can be sure that something is in the works, and it isn't likely to be good for stablecoin operators. The problem is that granting permissioned-pseudonymity to stablecoin operators contradict technology-neutrality. It sets one set of standards for bank accounts and another for stablecoins."
#Fintech#CryptoAssets#Stablecoins#AMLCFT#DFC
·jpkoning.blogspot.com·
From unknown wallet to unknown wallet
DAI Is Moving Beyond Ether, But DeFi Isn't Decentralized Just Yet
DAI Is Moving Beyond Ether, But DeFi Isn't Decentralized Just Yet
MakerDAO has launched the multi-collateral version of its DAI stablecoin. But despite the rapid growth of the sector and the diversification of assets involved, DeFi is still influenced by a handful of central players: Namely, Polychain Capital, a16z, 1confirmation, and unknown MKR whales. With governance decisions largely influenced by those with the largest stakes to lose, some crypto veterans are pushing for a closer examination of MakerDAO's marketing directives.
#Fintech#CryptoAssets#Stablecoins#MakerDAI#MakerDAO#DFC
·coindesk.com·
DAI Is Moving Beyond Ether, But DeFi Isn't Decentralized Just Yet
What’s MakerDAO and what’s going on with it? Explained with pictures
What’s MakerDAO and what’s going on with it? Explained with pictures
MakerDAO is a protocol behind the stable coin DAI — a cryptocurrency that maintains a 1:1 peg to the USD. Think of 1 DAI as $1. What makes it unique is each DAI is backed by Ether instead of a 3rd party claiming to have the required collateral. Since Ether is volatile this poses some interesting challenges to maintain the peg.
#Fintech#CryptoAssets#Stablecoins#MakerDAO#DAI#DFC
·hackernoon.com·
What’s MakerDAO and what’s going on with it? Explained with pictures
This digital currency could build a more sustainable global economy
This digital currency could build a more sustainable global economy
To reduce the risk of any single stablecoin becoming systemically dominant (and simply replacing a fiat hegemon with a digital one), there should be an emphasis on interoperability and frictionless exchange across blockchains. Blockchain interoperability can increase economic and transactional scalability, speed and security.
#Stablecoins#CryptoAssets#Fintech#DFC
·weforum.org·
This digital currency could build a more sustainable global economy
Stablecoins | Stable Report
Stablecoins | Stable Report
Here's a comprehensive list of all 235 stablecoin projects launched so far. "Launched" is an important distinction because the list includes closed projects (e.g., Basis). It also includes commodity-backed stablecoins (mostly gold) and private coins.
#Fintech#CryptoAssets#Stablecoins#DFC
·stable.report·
Stablecoins | Stable Report
Clifford Chance | Stablecoins - a global overview of regulatory requirements in Asia Pacific, Europe, the UAE and the US
Clifford Chance | Stablecoins - a global overview of regulatory requirements in Asia Pacific, Europe, the UAE and the US
"As digital assets transcend national borders, what does this mean for those interested in issuing or participating in a stablecoin project? What are the regulatory questions and other challenges that need to be considered? We take a look at the global picture in this comprehensive analysis."
#Fintech#CryptoAssets#Stablecoins#Regulation#DFC
·cliffordchance.com·
Clifford Chance | Stablecoins - a global overview of regulatory requirements in Asia Pacific, Europe, the UAE and the US
LIFElabs.io
LIFElabs.io
LIFEtoken is a digital currency on the Ethereum Blockchain. LIFElabs is building an ecosystem for digital currencies to be accessible to all but also a multifaceted platform for social organisations to adopt Blockchain technology to support their own projects.
#Fintech#Stablecoins#Ethereum#Blockchain#CryptoAssets#DFC
·lifelabs.io·
LIFElabs.io
Paxful is the Most Important Bitcoin Company You Aren’t Paying Attention to.
Paxful is the Most Important Bitcoin Company You Aren’t Paying Attention to.
In effect, gift cards can be seen as a sort of stablecoin which are available for purchase on nearly every street corner in the world. Additionally, as you will find out later in the article, the people using these gift cards as stablecoins often don’t even need to know what a stablecoin is or how cryptocurrency works.
#CryptoAssets#CrossBorder#Stablecoins#GiftCards#Fintech#DFC
·medium.com·
Paxful is the Most Important Bitcoin Company You Aren’t Paying Attention to.
Treating stablecoins like ETFs
Treating stablecoins like ETFs
We’ve often argued that a stablecoin is nothing more than a glorified exchange traded fund (ETF). So when it comes to the fuss about how to regulate stablecoins like Libra, is it possible that most of the hard work has already been done on account of the regulatory environment that governs ETFs?
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·ftalphaville.ft.com·
Treating stablecoins like ETFs
Saga launches SGA token to rival Facebook's libra cryptocurrency
Saga launches SGA token to rival Facebook's libra cryptocurrency
Saga is launching a virtual currency which pegs its value to the basket of currencies that form the IMF’s special drawing rights. The U.K.-based company’s advisory board includes the likes of Nobel laureate Myron Scholes and J.P. Morgan’s Jacob Frenkel. But the firm doesn’t plan to launch its token in the U.S. yet, claiming it doesn’t currently have the regulatory clarity required to do so.
#Saga#CryptoAssets#Stablecoins#Fintech#DFC
·cnbc.com·
Saga launches SGA token to rival Facebook's libra cryptocurrency
The Libra White Paper Has Been Edited, With One Notable Change
The Libra White Paper Has Been Edited, With One Notable Change
Under the original Libra white paper, Libra Association members would receive dividends for profits generated by reserve assets, which created an incentive for decisionmakers to invest in risky assets for higher returns, at the expense of the retail public. However, in the new version of the white paper, interest earned from reserve assets will not be used to pay dividends to investors.
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·fintechpolicy.org·
The Libra White Paper Has Been Edited, With One Notable Change
New York’s problem with Tether — as set out for the appeal judges
New York’s problem with Tether — as set out for the appeal judges
A New York Supreme Court Appellate Division filing claims that Bitfinex and Tether (which share executives and shareholders) had gradually been depleting the reserves backing Tether's USDT stablecoin, by first by going from actual cash in hand to $625 million in an inaccessible Crypto Capital account, and then by replacing that with a $625 million IOU from Bitfinex. That debt, said the NYAG, “seemed unlikely to be repaid,” as Bitfinex required the funds for withdrawals on its exchange.
#Fintech#CryptoAssets#Stablecoins#Tether#Bitfinex#DFC
·davidgerard.co.uk·
New York’s problem with Tether — as set out for the appeal judges