Stablecoins (15)

Stablecoins are cryptocurrencies that are pegged to another currency or asset class. Usually, this ‘peg’ is a fiat currency such as USD or EUR, but it can also be a commodity such as gold. Being pegged to an asset means the stablecoin’s value is meant to track the value of its peg. This, in theory, makes stablecoins a less volatile form of cryptocurrency. There have been instances, however, of stablecoins losing their pegs so the stability of their price isn't guaranteed.

Crypto users who want to be able to access the price stability of the U.S dollar (USD) can get it either through: - __Direct banking access__, by depositing and withdrawing traditional currency - __In

What's your strategy for crypto trading pairs? In the crypto space, trading pairs are fundamental. They allow traders to exchange one cryptocurrency for another, often pairing a dominant currency, like Bitcoin or Ethereum, with many others.

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Keep up with the top industry updates as we present bi-weekly market insights that are important to traders in the institutional space. This week, Kelvin Lam, CFA, Head of Institutional Research for OKX, looks at one top-of-mind issue in this installment: how these three key market drivers present a compelling opportunity for crypto assets in Q4.

Authored by Jeff Ren, Paige Xu, Veronica Zhao and Bingcheng Zhong from OKX Ventures. Edited by Kelvin Lam, CFA This article represents the personal views of the authors and isn't intended to provide any investment advice or solicitation to buy, sell or hold digital assets.

From decentralized exchanges exploring revenue sharing to Bitcoin Layer 2s establishing themselves as viable scaling solutions, the DeFi landscape is continuing to innovate and offer exciting alternatives to traditional financial systems. One key component of DeFi growth is the stablecoin — a cryptocurrency pegged to a fiat currency like the U.S. dollar. The inherent stability of stablecoins ultimately allows crypto enthusiasts to hold value without the wild price swings often associated with other cryptocurrencies.

Formerly known as USD Coin , USDC has successfully established itself as one of the go-to stablecoins in the crypto space. Despite launching four years later than its biggest stablecoin competitor, and are often compared to this day. While Tether's stablecoin (USDT) has the largest market cap, Circle's USDC offers a compelling alternative given its reputation for being always-on and offering 1-to-1 redemption for US dollars.

Keep up with the top industry updates as we present bi-weekly market insights that are important to traders in the institutional space. This week, Kelvin Lam, CFA, Head of Institutional Research for OKX, looks at one top-of-mind issue in this installment: How the tightening of the US money supply continues to hamper liquidity in the digital assets space.

Launched by a Decentralized Autonomous Organization (DAO) named MakerDAO in November 2019, Dai (DAI) is a crypto-collateralized stablecoin that's soft-pegged to the US Dollar at a 1:1 ratio. DAI is issued through an Ethereum-based named the Maker Protocol.

Cryptocurrencies like Bitcoin (BTC) are volatile compared to the relatively stable prices of major fiat currencies such as the US dollar, or other assets like gold. Stablecoins are digital assets created to preserve consistent purchasing power, serving as valuable tools for cryptocurrency traders and individuals engaged in international transactions. These assets provide price stability, since they're pegged to a reserve asset — including the US dollar or gold. This peg lowers the volatility of the coins by offering a digital currency suitable for daily commerce and payments between exchanges.

With its price volatility and hectic pace of innovation, one can often hear people chat about virtual assets, in the news as well as in life. But how much do you personally know about the space? In this article, we've compiled some of the most frequently asked questions about virtual assets — with their answers. Mastering these questions will make sure you're equipped to talk about the topic knowledgeably and, maybe, start dipping your toes!

Stablecoins, aptly named for their design that aims to reduce volatility, provide a more reliable form of cryptocurrency. This stability comes from being pegged to a fiat currency such as the US dollar or a commodity like gold. Because the coin's price tracks the price of its "peg," its value is generally more stable than coins such as , , and . It's easy to see why stablecoins are growing in adoption among traders and finding a variety of new use cases.

Where do you go for DeFi yield opportunities? One option is Lybra Finance, a decentralized platform that gives access to Liquid Staking Tokens (LSTs) — primarily focused on ETH — to offer fresh opportunities in decentralized finance (DeFi).

USDT, also known as Tether, is a stablecoin that's pegged to the value of the US dollar. It operates on multiple blockchain networks, including Ethereum (ETH) , Tron (TRX) , Algorand (ALGO) , Solana (SOL) , and Bitcoin's Omni Layer Protocol. The asset is issued by the company Tether. As of January 2024, USDT continues to hold its position as the third-largest cryptocurrency by market cap, trailing only and Ethereum.