More Than Finances

All about cryptocurrency, all the time.

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Is Dai The Best Type of Stablecoin?

dai stablecoin

Ethereum’s stablecoin Dai has managed to maintain steady dollar valuation despite the waves of pressure from the markets. The recent upturn in market activity, of course, has helped the community as demand for cryptocurrencies increase. Favor for DAI has grown in recent times with the likes of Coinbase who launched the coin on its retail platforms. Read More

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Stablecoin Popularity: Investment or Fractional Reserve Banking?

Stablecoin

Competition Outshined

At a recent conference, it was revealed that stablecoin could be classed as securities. US Securities and Exchanges Commission (SEC) senior advisor for digital assets, Valerie Szczepanik believes stablecoin should be classified as:

  • Those backed by real assets such as gold or real estate
  • Those tied to fiat currency in reserves
  • Those backed by market financial mechanisms

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