Intotheblock: What Data Tell Us About Stablecoins
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The document discusses stablecoins, which are digital tokens designed to maintain a stable value, often pegged to fiat currencies or other assets. It outlines the different types of stablecoins, including fiat-collateralized, crypto-collateralized, and algorithmic stablecoins, as well as their pros and cons. Key data points reveal that while fiat and crypto-collateralized stablecoins dominate the market, there are challenges such as centralized control and volatility, and some stablecoins have seen limited adoption despite high transaction activity.
Intotheblock: What Data Tell Us About Stablecoins
- 2. About Me 2 CTO, IntoTheBlock Chief Scientist, Invector Labs Microsoft Alumni, Reformed Quant Platform Architect Serial Entrepreneur Angel Investor, LP Speaker, Author
- 3. Agenda 3 ❖ Stablecoins overview ❖ Types of stablecoins ❖ What data tells us about stablecoins
- 4. Stablecoins
- 5. 55 A Simple Definition A stablecoin is a digital token that is meant to hold a stable value. The most common are pegged to fiat or other assets. Some are backed by other cryptocurrencies or a basket of currencies/indexes, while others are not backed by a fiat currency at all. They enable programmatic transactions and a verifiable history.
- 6. Were Created for a Few Basic Use Cases VOLATILITY CONTROL INSURANCE PORTABILITY OF CRYPTO- ASSETS BETWEEN WALLETS
- 7. Or to Keep Jamie Dimon entertained….
- 8. 88 The Need is Real
- 11. 1111 Fiat-Collateralized Stablecoins Pros Regulatory flexibility Trust Simplicity Price enforcement Cons Centralized Scalability Bank-dependences
- 12. 1212 Fiat-Collateralized Stablecoins • Tether - USDT • TrustToken - TrueUSD • Circle - USDC • Stably • AAA Reserve • X8X • Globcoin • Stasis • Stronghold • Gemini Dollar • Paxos Standard
- 14. 1414 Fiat-Collateralized Stablecoins • Bitshares BitUSD • MakerDAO - DAI • Sweetbridge • Havven - NUSD • Augmint
- 16. 1616 Fiat-Collateralized Stablecoins • Basis • Fragments • Carbon • Kowala
- 17. Some Key Data Points About Stablecoins….
- 19. Also By Volume
- 23. People Have Lost Money with Stablecoins
- 24. People Have Lost Money with Stablecoins
- 25. Networks are Not Growing
- 26. Networks are Not Growing
- 27. Some Stablecoins are Not Seeing Many Large Transactions
- 28. But Others Are
- 29. More Popular in the West
- 30. More Popular in the West
- 31. The Daily Transaction Activity Is Healthy
- 33. People Have Lost Money with Stablecoins
- 35. Large Transactions are Not Consistent
- 37. The Daily Transaction Activity Is Exploding
- 38. 3838 Other Interesting Points ❖ Fiat and crypto collateralized dominate the stablecoin ecosystem ❖ Commodity based stablecoins like Digix Gold are seeing limited adoption ❖ Some algorithmic stablecoins like Basis has shuwdown
- 39. 3939 Summary ❖ Stablecoins are one of the most fascinating trends in crypto ❖ There are three fundamental types of stablecoins ❖ Data shows some shocking realities about stablecoins