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Tag: algorithmic
MuesliSwap to make Cardano-based algorithmic stablecoin Djed available
COTI, a DAG-protocol optimized for creating decentralized payment networks, today announced its latest partnership for Djed, Cardano’s overcollateralized algorithmic stablecoin, this time with MuesliS...
Ethereum Challenger Explodes Over 132% in Just One Week Amid Campaign To Support Its Algorithmic Stablecoin
One Ethereum (ETH) challenger is defying the greater crypto market downtrend and surging in price amid a campaign to shore up its algorithmic stablecoin. Decentralized applications platform Waves (WAV...
Co-Founder of USDT And ETH Do Not Believe In Algorithmic Stablecoins
2 hours ago | 2 mins read Markets TerraUSD’s failure has shattered the hopes of algorithmic stablecoins. Co-founder of Tether and Ethereum says the structure of UST is defective. The issuer of USDC st...
Tether co-founder says UST disaster spells doom for algorithmic stablecoins
? Want to work with us? CryptoSlate is hiring for a handful of positions! Tether (USDT) co-founder Reeve Collins believes the collapse of TerraUSD (UST) — since renamed TerraClassicUSD (USTC) — might ...
Stablecoins Dumped As Tether Founder Sees End Of Algorithmic Tokens
Stablecoins were under pressure after the crash of UST algorithmic stablecoin in mid-May. Tether co-founder Reeve Collins on Thursday said the UST collapse could mean the end of most algorithmic stabl...
TerraUSD Crash will Probably be the End of Most algorithmic Stablecoins – Coinpedia – Fintech & Cryptocurreny News Media
Stablecoins are cryptocurrency usually pegged to real-world assets, and were supposed to be pegged to the U.S. dollar. Whereas stablecoins like tether (USDT) coins are backed by real world assets like...
Tron Now Third-Largest DeFi Blockchain After $USDD Algorithmic Stablecoin Launch
Statistics for the Tron blockchain quickly saw a sharp rise following the public release of $USDD, the project’s new algorithmic stablecoin. The Tron blockchain now ranks as the third-largest bl...
Tron (TRX) Surpasses $6,000,000,000 in Total Value Locked Amid Explosion of USDD Algorithmic Stablecoin
An under-the-radar altcoin’s total value locked (TVL) is on the rise as its affiliated algorithmic stablecoin continues to capture more market share. Tron (TRX), a project originally designed to serve...
Vitalik Buterin Reveals How To Identify A UST-Like Algorithmic Stablecoin
Ethereum’s organizer has shared two different ways for financial backers to let know if an algorithmic stablecoin is supportable over the long haul Vitalik Buterin has proffered two thought experiment...
Vitalik Buterin Reveals How To Identify A UST-Like Algorithmic Stablecoin Following Terra’s Collapse ⋆ ZyCrypto
Advertisement     Ethereum’s founder has shared two ways for investors to tell if an algorithmic stablecoin is sustainable in the long run. His theories are coming on ...
Vitalik Buterin’s Take on Algorithmic Stablecoins Following Terra Fiasco
Vitalik recently shared his thoughts on the future of algorithmic stablecoins in the wake of TerraUSD’s failure. While he believes that skepticism and scrutiny of existing protocols is “highly welcome...
Here’s Ethereum co-founder’s take on algorithmic stablecoins
Ethereum’s Vitalik Buterin has offered two thought experiments on how to establish whether an algorithmic (algo) stablecoin is feasible in the long term. On 25 May, Buterin remarked that increased exa...
Ethereum founder Vitalik Buterin sees potential for algorithmic stablecoins
? Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum founder Vitalik Buterin has been in a contemplative mood recently. After posting a series of “open contradictions” in...
Buterin on How to Tell if an Algorithmic Stablecoin Is Sustainable
Vitalik Buterin, Ethereum’s co-founder, has shared his opinions on determining if an algorithmic stablecoin is sustainable, listing two requirements that he considers necessary. This is a reaction to ...
Algorithmic Stablecoin Resiliency More Important Than Growth: Vitalik Buterin
Key Takeaways Vitalik Buterin defended the concept of algorithmic stablecoins in a blog post today. According to Buterin, algorithmic stablecoins should seek resiliency over quick growth. His comments...
Ethereum (ETH) Creator Vitalik Buterin Says Algorithmic Stablecoins Shouldn’t Be Dismissed
Ethereum (ETH) founder Vitalik Buterin is weighing in on the future of automated stablecoins as the dust settles after the collapse of TerraUSD (UST) earlier this month. In a new blog post, Buterin st...
The case for SigUSD on Ergo as a Sound Algorithmic Stablecoin to Power Crypto – crypto.news
There is no shortage of drama in crypto. A big part is being instigated by among other factors, volatility. However, in the recent few weeks, LUNA and UST’s spectacular (painful) collapse have been do...
Is there any future for algorithmic stablecoins?
TerraUSD (UST) is an algorithmic stablecoin that is pegged at $1.00. But, on the evening of May 19, it was trading for $0.083. This isn’t supposed to happen, of course, but last week UST, along with i...
Depegging debacle: Is DEI, hybrid algorithmic stablecoin, following UST’s footsteps
Following the decimation of Terra’s UST and a temporal depegging of Tether’s USDT, Deus Finance (DEI) is the latest to suffer the same fate. The meltdown of the stablecoins Currently valued at over $...
How Terra’s Algorithmic Stablecoin Came Crashing Down
Over the past week and a half, in one of the largest wealth-destroying events in crypto history, we witnessed the horrific unravelling of the Terra ecosystem. Terra, prior to its demise, was one of th...
Another algorithmic stablecoin, DEI, loses peg
Another algorithmic stablecoin from Deus Finance, DEI, fell to as low as 54 cents on Monday, continuing what has been a tumultuous week for stablecoins. The stableocoin first lost its peg against the ...
Algorithmic Stablecoin From DEUS Finance Loses Dollar Peg, Plunging 30%
DEI, a hybrid algorithmic stablecoin from the DeFi protocol DEUS Finance, lost its dollar peg on Sunday, according to data from CoinMarketCap. The DEI stablecoin currently trades at $0.66 after recov...
Tron Founder Promotes New Algorithmic Stablecoin, Despite LUNA Crash
TRON founder Justin Sun touts an algorithmic stablecoin reserve strategy to prevent TRON’s new stablecoin USSD from crashing like LUNA. Tron founder Justin Sun, famous for canceling a breakfast with W...
FTX CEO Sam Bankman-Fried: Algorithmic Stablecoins Should Be Called Something Else
The FTX Crypto exchange founder Sam Bankman-Fried has talked about the stablecoins following the massive crash of LUNA and TerraUSD (UST). He highlights that stablecoins can be used to mean multiple ...
What Are Algorithmic Stablecoins? – Decrypt
Decentralized finance (DeFi) is a complex and rapidly developing industry, full of experimentation and innovation, and building on the philosophical and ideological foundations of a more efficient, ce...
It’s Time To Call Algorithmic Stablecoins Something Else, Says FTX Crypto Exchange CEO Sam Bankman-Fried
FTX cryptocurrency exchange founder Sam Bankman-Fried is weighing in on the future of stablecoins after two top cryptos suffered staggering losses this week. Bankman-Fried recently tweeted about how s...
Binance Cuts Bitcoin-LUNA Perps as CZ Warns Against Algorithmic Stablecoins
Key Takeaways Binance has delisted Bitcoin-margined LUNA perpetuals in response to Terra’s death spiral. It’s also reduced the maximum leverage to 8x on USDT-margined LUNA perpetuals to 8x...
This Billionaire Warned Against Algorithmic Stablecoins in 2021, What’s Next?
Despite criticism from various quarters, the phenomenon of algorithmic stablecoins continued to gain popularity until recent past. After the massive decline in $UST’s value earlier this week, all the ...
Algorithmic Stablecoin Like $UST Prone to Pose Great Risk! Here’s What Research Says
The UST dollar peg touched a low of $0.6 on May 10th. Shortly after the Luna Foundation Guards (LFG) finished building their $3 billion treasures last week, the stablecoin was challenged due to low li...
After the Collapse of Terra’s UST, What’s Next for Algorithmic Stablecoins?
In brief Terra’s UST stablecoin is trading well below its $1 target. Stablecoin creators and skeptics alike believe collateralization is key to consumer confidence. On Monday, the Federal Reserv...
What Is Terra? The Algorithmic Stablecoin Protocol Explained
Stablecoins are assets pegged to the price of a single asset, typically a fiat currency such as the dollar. The first generation of stablecoins, such as Tether, maintain their price using a basket of ...