Stablecoin Dashboard: Classifies nine stablecoins based on volatility risk

Stablecoin Dashboard: Categorizes 9 stablecoins by volatility.

Encryption analyst Leshka.eth has created a dashboard for stablecoins, covering 9 trusted stablecoins, divided by their volatility risk.

According to the dashboard, $USDC, $USDT, and $DAI are still the safest. Despite the FUD against $USDC during the Silicon Valley Bankruptcy. Despite the US SEC trying to dig up USDT. Despite $DAI being an algorithmic stablecoin backed by another cryptocurrency. $BUSD is no longer the main stablecoin of Binance. After the US SEC issued a notice accusing BUSD of violating US securities law, Binance’s liquidity smoothly flowed into TUSD stablecoin.

$BTC, which is not even a “stablecoin”, is still on this dashboard. $BTC was originally created as an asset that could replace fiat $UST. $BTC is decentralized and has received strong support from millions of enthusiasts and institutional investors. $ETH is a complete ecosystem, a network of assets worth tens of billions of dollars embedded in an ever-improving network infrastructure. For over a decade, Vitalik has been proving that his ideas are worth paying attention to.

$FRAX stablecoin has eliminated the algorithmic factor in its price stability mechanism due to FIP-188 proposal. According to the proposal, the protocol cannot create additional FXS to increase the collateralization ratio, as attempted by the creator of $UST. $USDD is an algorithmic stablecoin managed by a TRON-based DAO founded by Justin Sun. I personally don’t trust this person. All of his actions are purely speculative and aimed at getting rich.

Reference: https://twitter.com/leshka_eth/status/1670423413180227585

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

Old-timers Leaving the Crypto Circle Some Get Married and Have Children, Some Start New Businesses

In the world of encryption, people come and go. Have you ever wondered where the people who have left the cryptocurre...

Market

Bitcoin stays stable at $30,000, is this a signal of a bull market?

Since 2023, the Bitcoin market has maintained a continuous growth trend, recently rebounding to over $31,000 in the p...

Blockchain

Is an exchange losing $ 250 million in cryptocurrencies a Ponzi scheme: Quadriga Bizarre Story

Written by: Nathaniel Rich Translator: Zhan Juan Illustrator: Bianca Bagnarelli Original article published in Vanity ...

Blockchain

We sorted out 40 "running road" cryptocurrency exchanges, all of which share these common routines

Article | Interchain Pulse · Liangshan Huarong On February 23, the ZG exchange was exposed as suspected to be ru...

Blockchain

ChainNode Live Room | Derivatives track has become an industry consensus. Bitcoin will be up to $ 20,000 in the year?

Since the beginning of this year, the trading platform has frequently acted, causing one after another "destruct...

Blockchain

Three major domestic virtual currency exchanges focus on compliance business and actively engage with local governments and state-owned enterprises

China Times (www.chinatimes.net.cn) reporter Ran Xuedong trainee reporter An Lingfei Beijing reports The currency cir...