StableCoin

QCAD is a stablecoin issued by Canada Stablecorp, a joint venture between 3iQ and Mavennet Systems. QCAD aims to provide a stable digital Canadian dollar solution, maintaining a 1:1 CAD value ratio through cash and equivalent reserves. It is used for payments, trading, lending, and as an on-chain forex solution and rapid transfer channel. Tetra Trust Company holds QCAD’s fiat reserves, ensuring its stability and compliance. Coinbase Assets announced adding QCAD to its listing roadmap, boosting its market position and application prospects.

MakerDAO has launched PureDai, a new stablecoin designed to be fully decentralized. PureDai’s key features include a floating target price, decentralized high-quality collateral, highly decentralized oracles, minimal governance, permanent positioning on the Ethereum mainnet, and simple token economics. PureDai is not guaranteed to be pegged to the U.S. dollar, but instead uses a free-floating peg that may introduce negative target interest rates in response to high demand. PureDai will also have its own governance token, with an initial supply of 2 billion, distributed through NewStable mining, used to subsidize the generation of PureDai and act as a backstop in the event of bad debt

The new stablecoin project USDe has quickly emerged in the stablecoin market, increasing its total supply from zero to over $2.3 billion in just two months. Its high yield features have garnered significant attention.

This article provides detailed explanations and analyses regarding whether USDe has addressed the three major challenges of stablecoins, namely scalability, decentralization, and stability. It emphasizes the problems USDe aims to solve and how it intends to address them. By offering a decentralized stablecoin solution, USDe aims to achieve transparency, resist censorship, and attain independence from traditional financial systems.

According to Ethena Labs, "Ethena is a synthetic dollar protocol on Ethereum which aims to provide the first censorship resistant, scalable, onchain form of money: USDe". Ethena is the protocol in which the stablecoin USDe lives.

Fonbnk’s tokenization of airtime minutes and integration with mobile money services present an innovative model with the potential to expand financial services to underbanked populations in African markets.

Liquity is a decentralized lending protocol that allows users to borrow a stablecoin called LUSD (pegged to the US dollar) using Ethereum as collateral. It also introduces a fully redeemable stablecoin, LQTY. The protocol, designed by Robert Lauko, aims to offer a more capital-efficient and lower-risk alternative to existing systems like MakerDAO.

Ethena.fi tokenises a ‘delta neutral’ carry trade on ETH by issuing a stablecoin which represents the value of the delta neutral position. Their stablecoin, USDe, also collects the carry yield - hence their claim, an internet bond providing internet native yield.

USDe is a fully collateralized semi-centralized stablecoin whose collateral value changes with variations in spot prices and futures position values. Ethena provides two methods: delivery contracts and perpetual contracts. The yields of the two methods are different, but both can obtain low-risk returns.

This article mainly introduces the liquid staking structure. This article mainly introduces the liquid staking structure.

A stablecoin is a cryptocurrency with a stable price, which is often pegged to a legal tender in the real world. Take USDT, currently the most commonly used stablecoin, for example, USDT is pegged to the US dollar, with 1 USDT = 1 USD.