Ultimate Guide to Stablecoins
DISCLAIMER: The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.
0:00 Primer
0:30 What are Stablecoins
Any cryptocurrency designed to have a relatively stable price
2:00 Financial Industry Disruption
Far easier to transfer stablecoin vs Fiat
3:00 Top Stablecoins
4:00 Stablecoin Categories
Being backed by USD (or equivalents)
Being backed by other cryptocurrencies
Being algorithmically backed
5:00 Stablecoin Categories
FIAT BACKED
ALGORITHMIC
COLLATERALIZED
6:00 USD Backed
How USD backed stablecoins work: for every stablecoin there is $1 worth of USD that is locked up USD Backed Stablecoin examples:
USDT Tether
USDC
TrueUSD
Paxos Standard
8:00 Crypto Backed Stablecoin examples:
Dai
RSR
sUSD
Dai.
10:00 Algorithmic Backed
TerraUSD
Ampleforth
Empty Set Dollar
11:00 Stablecoin Risks
12:00 Tether
Tether’s USD backing
Tether’s Ugly Track Record
14:00 What if Tether Blows Up?
[ Ссылка ]
15:00 Tether FUD May Be Overblown
16:00 USDT (Tether) Still Has a Role!
16:30 USDC is Superior
If you are able to get USDC then it is preferred to Tether.
17:00 Paxos is Even Better than USDC
96% true cash
18:00 Why Stablecoins Are Here to Stay
18:30 Regulation is a Risk
19:00 Stablecoins and Taxes
Stablecoins are treated as “property” under IRS Notice 2014-21, similar to any cryptocurrency like bitcoin and ether
19:30 Circle SPAC - What It Means
20:00 Could a Stablecoin become a CBDC?
Most likely, no. Governments will want to develop their own CBDC from the ground up so they can have full control it. Opting to give that power to a private company or a protocol driven coin just doesn’t seem likely.
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