algorithmic – DIGIT INFO

Why Stablecoins Fail: Lessons From the Past

DIGIT — Sun, 29 Sep 2024 04:30:17 +0000

Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-known examples demonstrate that maintaining stability is more challenging than it appears. So, how does something designed to be ‘stable’ unravel? A Historical Review of Stablecoin De-Pegging Incidents There’s no doubt that these stablecoins […]

Go to Source

Frax Finance to retire algorithmic backing amid stablecoin crackdown

DIGIT — Thu, 23 Feb 2023 04:37:38 +0000

The vote was passed to fully collateralize Frax Finance’s native stablecoin, thus phasing out its algorithmic backing.

Go to Source

Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD

DIGIT — Sun, 08 May 2022 04:00:05 +0000

On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as the project aims to leverage a decentralized forex reserve […]

Go to Source

Big Three Credit Agency Fitch Says Stablecoin Growth Could Be ‘Disruptive’ to Securities Markets

DIGIT — Mon, 18 Oct 2021 17:30:17 +0000

American credit rating agency Fitch Ratings, one of the ‘Big Three’ credit rating agencies, has published a report that says stablecoin growth could affect securities and commercial paper (CP) markets. The agency says stablecoins could be “disruptive” and “stablecoin-related turbulence” could “transmit shocks” to other markets. Fitch Ratings: ‘Stablecoins Could Be Disruptive for CP Markets’ […]

Go to Source

Defi and Algorithmic Stablecoin Demand Grows in 2021 Despite Large Centralized Competitors

DIGIT — Wed, 13 Oct 2021 19:30:53 +0000

On Wednesday, October 13, 2021, the market capitalization of all the stablecoins in existence is around $134 billion, which is 5.60% of the entire $2.4 trillion crypto economy. While centralized stablecoin projects dominate the pack of dollar-pegged tokens, a great number of decentralized stablecoins have been moving in on these centralized competitors. Algorithmic or defi-styled […]

Go to Source

How stablecoins stay stable, explained

DIGIT — Thu, 24 Jun 2021 18:10:00 +0000

Stablecoins use a variety of techniques to keep their value fixed, generally to a specific fiat currency like the U.S. dollar.

Go to Source

Algorithmic Bitcoin and Ethereum Social Attention List Ranks Influencers With Math

DIGIT — Wed, 25 Nov 2020 09:30:59 +0000

On November 19, Hive.one, a project that maps the community clusters of Bitcoin and Ethereum social status using mathematics, announced the launch of a new algorithm version. Since the last time Hive.one published a list, social influencer scores and ranks changed and the creators believe the new scores “better reflect reality.” Just recently Hive.one announced […]

The post Algorithmic Bitcoin and Ethereum Social Attention List Ranks Influencers With Math appeared first on Bitcoin News.

Go to Source