fvxn

Why I think Algo stablecoin protocols will do better than USDC

fvxn 업데이트됨   
INDEX:BTCUSD   비트코인
DAIUSDT There are numerous ideas and some real facts of and continuing act of regulators hammering some of the pioneer Stable coin companies LIKE Circle, Blockfi, Celsius for different reasons; all sums up that centralized issue USDCs are looked upon as bonds that does not back 100% USD for one USDC and on top of that, Blockfi celsius service include lending and borrowing mediator for USDC - deems mediator that creates open borderless market for buying and selling security i.e. USDC in view of the US govt.
Let's know we will likely not conclude this debate anytime soon, as legal issue is take long time especially for big firms with good lawyers already knew this scenario in their monopoly playbook.
Sorry, I stop rant about USDC's issue.
Unless ETH or other aseets crash to near zero, algo stablecoins should do fine and may likely avoid scrutiny from regulators of the world (IF, DAO is perfectly designed to be decentralized as time passes)

Yes many VCs back Terra (LUNA) that issues algo UST (USD in Terra protocol) so having a clear VC, Terra team location and identity not so good for avoiding govt. scrutiny but still higher chance of get away from prohibit act- since their UUST isn't 1:1 to USD, it is pegged by LUNA just like Maker DAO.

I find Olympus DAO and Frax share, Alchemix to be interesting Algo stablecoin protocols b/c they utilize bonds of other asset. For now I do not know deeply about OHM FXS ALCMX's tokenomic and their stablecoin issuance. But it feels like digital nomads could get their hands on decentralized stablecoins like these UST DAI for now

IF 50% in BTC, 25% ETH, 10% Shitcoin 15% in stable coins ----------------> 7.5% in USDC and 7.5% in UST, DAI is just an idea for now.

Peace,

Fleeangel
거래청산: 스탑 닿음:
I am not sure why BTCUSD chart is showing up, please discard chart and only read content. Many thanks for reading it.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.