{"id":1848,"date":"2022-07-04T17:41:57","date_gmt":"2022-07-04T17:41:57","guid":{"rendered":"http:\/\/monsterblockhk.com\/?p=1848"},"modified":"2022-11-02T00:39:35","modified_gmt":"2022-11-02T00:39:35","slug":"%e7%a9%a9%e5%ae%9a%e5%b9%a3%e9%bb%9e%e6%8f%80-%e6%87%b6%e4%ba%ba%e5%8c%85","status":"publish","type":"post","link":"https:\/\/monsterblockhk.com\/en\/%e7%a9%a9%e5%ae%9a%e5%b9%a3%e9%bb%9e%e6%8f%80-%e6%87%b6%e4%ba%ba%e5%8c%85\/","title":{"rendered":"Stabilized Coin Sorting Lazy Bag"},"content":{"rendered":"
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If you are holding a handful of U and you don't want to buy anything, but you are afraid of the risk, this article should be for you.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Stabilized Currency Market at a Glance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The stablecoin market is currently dominated by the following currencies.<\/p>

\u30fbUSDT
\u30fbUSDC
\u30fbBUSD
\u30fbDAI<\/p>

The recent collapse of LUNA and UST has raised concerns about the risks of holding stablecoins. Investing in the cryptocurrency market, holding stablecoins is not a good idea.Therefore, the basic knowledge of stable money is indispensable.<\/strong>The consequence of this lack of awareness can be that people who had a long position in stable money USTs are getting blown out of the water.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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USDT<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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decentralization
Legal tender mortgage
\u30fb1 USDT : 1 USD<\/p>

contexts<\/strong>
First launched on the Bitfinex exchange in 2015, it has maintained its position as the market leader in stablecoins<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Advantages<\/strong><\/p>

Largest stablecoin in terms of market capitalization<\/p>

It has a longer history than other large stabilized currencies.<\/p>

It is widely used in major exchanges and is easy to trade.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Risks<\/strong><\/p>

Regulatory Risks<\/p>

Tether Holdings Ltd has lent out its reserves, thus placing the reserves at potential risk.<\/p>

The information provided by the company does not clearly explain the identity of the borrower, and the maturity date of the loan, the type of reserve metal and other details are not known with certainty.<\/p>

If Tether's US dollar reserves are too large, it would be dangerous for the company to have enough US dollar reserves, even if it did.<\/p>

The first audit report on the Reserves was completed in February 2021 by an unknown company based in the Cayman Islands, and Tether Holdings Ltd does not regularly conduct audits.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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USDC<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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decentralization
Legal tender mortgage
\u30fb1 USDT : 1 USD<\/p>

contexts<\/strong>
USDC was co-founded by Coinbase and Circle in 2018 and uses a traditional centralized stablecoin design.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Advantages<\/strong><\/p>

\u30fbUSDC reserves are audited annually.<\/p>

\u30fbCircle publishes a monthly statement of reserves to recognize that the<\/p>

Reserve at least the same amount of USDC in circulation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Risks<\/strong><\/p>

Regulatory Risks<\/p>

\u30fbStablecoin issuers and users have unequal rights.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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In Article 2 of the USDC Terms of Service, although Circle promises to exchange 1 USD for 1 USD, this rule only applies to Circle partners, i.e. cryptocurrency exchanges, financial institutions, etc. For individual users, they cannot become direct users of Circle and exercise their redemption rights, but can only become customers of Circle partners, i.e. become users of exchanges. For individual users, they cannot become direct users of Circle and exercise their redemption rights, but can only become customers of Circle's partners, i.e. users of the exchange.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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BUSD<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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decentralization
Legal tender mortgage
\u30fb1 USDT : 1 USD<\/p>

contexts<\/strong>
BUSD is a stablecoin launched by Binance and blockchain company Paxos in 2018.

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Advantages<\/strong><\/p>

In order to maintain the 1:1 peg, Paxos holds US dollar reserves equivalent to the total supply of BUSD.<\/p>

\u30fbBinance reserves are audited by Withum, which publishes a monthly audit report.<\/p>

BUSD holders can trade all BUSD pairs at zero market maker's fee.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Risks<\/strong><\/p>

Regulatory Risks<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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DAI<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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decentralization
I've been using various cryptocurrencies as collateral.<\/p>

contexts<\/strong>
Created by Maker and launched in late 2017, DAI has even become the most popular decentralized stablecoin on the market!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Advantages<\/strong><\/p>

It runs on Ether and is independent of the traditional financial system.<\/p>

Decentralized nature allows for a high degree of transparency.<\/p>

Under intelligent contract management.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Risks<\/strong><\/p>

Regulatory Risks<\/p>

There are only a few major exchanges listed, and compared to centralized stablecoins such as USDT and USDC, the trading volume and trading pairs are not much.<\/p>

Since DAI can be collateralized by cryptocurrencies, cryptocurrencies are more susceptible to flash crashes than fiat currencies, thus affecting the stability of DAI.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

\u6709\u6642\u63f8\u4f4f\u6210\u624b U \u672a\u6383\u8ca8\u4f46\u53c8\u9a5a\u6709\u98a8\u96aa\u5605\u4f60\uff0c\u5462\u7bc7\u6587\u61c9\u8a72\u5ca9\u4f60\u3002 \u7a69\u5b9a\u5e63\u5e02\u5834\u4e00\u89bd \u76ee\u524d\u7a69\u5b9a\u5e63\u5e02\u5834\u7531\u4ee5\u4e0b\u5e63\u7a2e\u4e3b\u5c0e: \u30fb […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[32],"tags":[],"class_list":["post-1848","post","type-post","status-publish","format-standard","hentry","category-new-articles","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t