StableCoin

Tether, the world's largest stablecoin issuing company, recently launched a new stablecoin, aUSDT, designed to meet growing market demand and inject new vitality into the DeFi ecosystem. aUSDT is a unique digital asset powered by Tether Gold It is over-collateralized, meaning aUSDT is backed by real physical gold stored in Switzerland. aUSDT uses an over-collateralization mechanism and smart contracts to ensure the stability of its value and the transparency of the system. It can not only use the intrinsic value of gold to provide additional stability, but also achieve automated management through Ethereum-compatible smart contracts. It is applicable for various trading and investment needs.

Stablecoins are a significant presence in the cryptocurrency market. They are essentially defined as cryptocurrencies that are pegged to fiat currencies or other assets to achieve stable value. Currently, mainstream stablecoins are mainly distinguished based on the type of collateral and the degree of centralization in their issuance. Those backed by fiat currencies are mostly issued in a centralized manner and currently dominate the market. On the other hand, those backed by crypto assets or algorithmic stablecoins are mostly issued in a decentralized manner. Each category has its leading figures, and every stablecoin design framework has its advantages and disadvantages.

This article will attempt to analyze the internal logic behind PayPal's shift towards Crypto, the launch of PYUSD on Solana, and the evolutionary strategy of PYUSD towards Mass Adoption.

USDX is an emerging synthetic dollar stablecoin protocol that adopts a multi-chain, multi-currency strategy, resulting in higher overall returns compared to various re-staking, LSD, and other yield methods or products. USDX has chosen a path where users can earn returns by holding stablecoins, with a risk curve distinct from existing market products, thereby avoiding the relatively crowded mainstream cryptocurrency yield strategies. It does not rely on traditional banking infrastructure and features censorship resistance, scalability, and high stability. Compared to current existing projects based on mainstream yet singular USD stablecoins like BTC, USDX aligns more closely with the concept of new crypto savings. It offers a savings tool based on multiple currencies that is available globally.

Ethereum, as a leading blockchain platform, has introduced various token standards to cater to different use cases. The three most prominent standards are ERC-20, ERC-721, and ERC-1155. We’ll explore the differences between these standards, their use cases, and why they are essential for the blockchain industry.

Creating a stablecoin on Solana in 2024 requires a strategic approach to navigate the complexities of blockchain development. Begin by understanding the Solana ecosystem and its unique features, such as its high-speed and low-cost transactions. Next, define the stablecoin’s objectives, whether it’s pegged to a fiat currency, commodity, or algorithmic mechanism, and choose a stablecoin model that aligns with these goals.

Lista DAO is an open-source liquidity protocol initially launched on the BNB Chain ecosystem. It empowers users to earn rewards by staking various crypto assets (such as BNB, ETH, stablecoins, and other cryptocurrencies) and enables them to borrow their decentralized stablecoin, lisUSD. The protocol extends the proven MakerDAO model to create a decentralized, fair, and collateral-backed stablecoin system. Lista DAO employs a dual-token model, where lisUSD is the stablecoin backed by collateralized assets, while LISTA can be used for governance and other purposes. It offers a comprehensive suite of features, encompassing instant conversions, asset collateralization, borrowing, and yield optimization.

This article discusses the development and current status of stablecoins in the cryptocurrency industry. The problems in the traditional financial system have driven the rise of stablecoins, especially those supported by fiat currency or algorithms, such as USDT, USDC, and the emerging USD0. Stablecoins not only surpass Bitcoin in payment properties but have also become a profitable business, with the issuer of USDT showing significant profits. The article introduces Usual Labs as an emerging stablecoin startup that has launched the RWA-backed stablecoin USD0. The USD0 is 1:1 supported by ultra-short-term real-world assets (RWA). When users deposit assets, they receive Liquid Deposit Tokens (LDT), which represent the initial value of the deposit and can be traded freely. The article also explores its technical operations and the distribution of governance tokens, emphasizing its positioning and potential in market competition.

Alloy by Tether combines the stability of the US dollar with the security of gold, offering a reliable digital currency for daily use and asset management. The platform introduces "Tethered Assets," supporting single or multiple types of collateral. It tracks reference asset prices through strategies like over-collateralization of liquid assets and secondary market liquidity pools, ensuring consistent value and stability.

As a global payment leader, PayPal has over twenty years of global payment experience. Cryptocurrency and blockchain technology bring us closer to the fast, inexpensive, and international payment ideals. This new generation of financial/payment infrastructure can help PayPal better serve its 40 million users, enabling everyone to pay as they wish. The creation of PayPal USD aims to provide a fast, simple, and inexpensive payment method for the next development phase of the digital economy, once again revolutionizing commerce. Offering PYUSD on the Solana blockchain further advances our goal of creating a stable-value digital currency specifically designed for commerce and payments.

The problem with the traditional financial system is that customer deposit profits flow into the banks' pockets while the risks are transferred to the public. Usual chooses RWA support in the fiat-backed and algorithm-backed stablecoin race to redesign the stablecoin USD0. Considerations include choosing government bonds as the best option due to their high liquidity and safety. To ensure asset stability, the issuer must use short-term assets to collateralize the stablecoin, providing holders with a high level of security. This strategy prevents forced liquidation at a discount during mass redemptions and guards against volatility events that could reduce collateral value.

This article discusses the application and potential of cryptocurrency payments, particularly stablecoins, in the global payment system. It compares their advantages and disadvantages with traditional payments and mentions that the use of stablecoins is rapidly increasing, with their transaction volumes significantly surpassing those of traditional payment platforms like PayPal.

Stablecoins are becoming an important component of the global financial system, facilitating transactions and serving as a store of value. Their adoption patterns are influenced by blockchain transaction fees, highlighting their practicality in cross-border payments and DeFi applications. As stablecoins continue to develop, their significance in the global financial sector will continue to grow.

Interest-paying stablecoins are one of the most sought-after yet under-developed segments in the crypto market. This article delves into various new yield-bearing stablecoins, providing a comparative analysis of their mechanisms, features, and adoption.

Ethena Labs' USDe stablecoin offers a new solution to the decentralization, stability, and scalability issues faced by traditional stablecoins through its unique design. This article will explore Ethena's features, compare it with traditional stablecoins, and discuss yield strategies, risks, and control measures.