03/12/23
This story shows that USDT (Tether) is highly centralized and subject to US courts. Stablecoins are smart contracts on Etherum and other blockchains. Technically, smart contracts can be controlled, including blocking specific accounts.
31/10/23
From site: "USDT transactions totaled $271 billion Brazilian reais ($55 billion), substantially doubling the amount of Bitcoin transactions, which totaled $151 billion reais ($30 billion)."
24/10/23
Article about future of transparency of Tether’s reserves.
09/05/22
CoinMarketCap Top Stablecoin Tokens List by Market Capitalization. All stablecoins in one view.
Market Cap and Volume(24h).
10/04/22
"The development of euro-based stablecoins has lagged that of USD stablecoins, yet demand for a euro-based product is building"..."A key issue in favor of a euro stablecoin is the fact that DeFi users are subject to FX risk when they utilize a USD stablecoin. "
05/04/22
"On Apr. 4, WAVES lost more than a quarter of its value, dropping to a low of $33.27, down almost 50% from its March 31 high.
This coincided with Neutrino USD losing its dollar peg as it briefly traded below $0.60 before rebounding. It was trading at $0.82 in the early morning UK time Tuesday."
01/04/22
Stablecoins: The Antidote for Volatility, short introduction to stablecoin.
06/03/22
Social Network Analysis (SNA) study of financial bubble phenomena dodgy issuance practices (Tether). General overview of the Tether transaction network. Authors computed some basic network measures such as the number of nodes and edges, diameter and community from transaction data from chain network / transaction graph.
06/03/22
"In May, Tether broke down the reserves for its stablecoin. The firm revealed that only a fraction of its holdings " 2.9%, to be exact " were in cash, while the vast majority was in commercial paper, a form of unsecured, short-term debt.
That would place Tether in the top 10 biggest holders of commercial paper in the world, according to JPMorgan. Tether has been compared to traditional money-market funds - but without any regulation.
With more than $60 billion worth of tokens in circulation, Tether has more deposits than that of many U.S. banks."
