Discover and read the best of Twitter Threads about #stablecoins
Most recents (24)
1/14 These critical threads highlight key points on the latest FCA 'Research Note: Cryptoassets consumer research 2023'; revealing a significant increase in #cryptoasset ownership in the #UK, with 9% of adults (4.97m) owning cryptoassets in 2022; highlighting the growing adoption
2/14 The research highlights that 15% of #cryptoasset users have purchased #stablecoins. This indicates that stablecoins, which are designed to minimise price volatility, have gained traction as a popular choice among #crypto investors. #CryptoassetsOwnership
3/14 A noteworthy is that 28% of non-cryptoasset users stated they would be more likely to buy #cryptoassets if the market & activities were regulated. This underscores the potential impact of regulation on consumer behaviour & the importance of creating a regulated environment.
Binance Exchange On-Chain Analysis in the Context of CFTC-SEC-Binance Lawsuit Cases
On a nominal basis, Binance has experienced large net outflows of Bitcoin and Ethereum after today's SEC lawsuit announcement.
Details on the thread🧵
On a nominal basis, Binance has experienced large net outflows of Bitcoin and Ethereum after today's SEC lawsuit announcement.
Details on the thread🧵
1/4
These net outflows are more significant than when the CFTC sued the exchange in March 2023. However, net outflows so far are smaller than what the exchange has experienced in other periods of "stress" (or regulatory FUD).
$BTC, $ETH, $Stablecoins
These net outflows are more significant than when the CFTC sued the exchange in March 2023. However, net outflows so far are smaller than what the exchange has experienced in other periods of "stress" (or regulatory FUD).
$BTC, $ETH, $Stablecoins
2/4
Moreover, these net outflows are small relative to the level of reserves in the exchange.
In the case of stablecoins(ERC20), reserves at Binance have been decreasing significantly, from $24.5B in Dec. 2022 to $8.2B. This has been mostly the result of a decrease in $BUSD.
Moreover, these net outflows are small relative to the level of reserves in the exchange.
In the case of stablecoins(ERC20), reserves at Binance have been decreasing significantly, from $24.5B in Dec. 2022 to $8.2B. This has been mostly the result of a decrease in $BUSD.
IOSCO recently published its long-awaited consultation report on regulating #CryptoAssets, consisting of 18 high-level recommendations for global regulators to take into consideration when crafting and enforcing rules in this area.
⏰ The deadline to provide feedback has been set for 31 July, with a view to finalising them by September/October this year
[3 stratégies DeFi sur Aave]
👻 #Aave est aujourd'hui la plaque tournante de la #DeFi
Voici 3 stratégies possibles pour pouvoir générer des revenus via la plateforme
(Thread co écrit avec @cmfthomas )
🧶👇
👻 #Aave est aujourd'hui la plaque tournante de la #DeFi
Voici 3 stratégies possibles pour pouvoir générer des revenus via la plateforme
(Thread co écrit avec @cmfthomas )
🧶👇
@cmfthomas #1 Ethereum Maxi
✅ Si vous êtes bullish sur l'ETH, cette stratégie très simple devrait vous plaire :
🪜 Celle-ci consiste à prendre une position à effet de levier modérée depuis @AaveAave
✅ Si vous êtes bullish sur l'ETH, cette stratégie très simple devrait vous plaire :
🪜 Celle-ci consiste à prendre une position à effet de levier modérée depuis @AaveAave
@cmfthomas @AaveAave Pour ce faire :
🔄 Il vous suffit de déposer de l'ETH sur Aave, emprunter de l'USDC, le swapper en $ETH & le redéposer sur Aave
📈 Si le cours de l'ETH grimpe, l'emprunt que vous aurez swappé en $ETH vaudra plus que votre dette en $USDC
🔄 Il vous suffit de déposer de l'ETH sur Aave, emprunter de l'USDC, le swapper en $ETH & le redéposer sur Aave
📈 Si le cours de l'ETH grimpe, l'emprunt que vous aurez swappé en $ETH vaudra plus que votre dette en $USDC
📢Thread:🧵
Navigating #Crypto #Regulation in the UK 🇬🇧💰🔍
A comprehensive summary of the UK House of Commons Treasury Committee report on government's approach to #cryptoassets & how they plan to balance the scales of innovation and risk. (1/16) #ShitcoinShutdown #DLT
Navigating #Crypto #Regulation in the UK 🇬🇧💰🔍
A comprehensive summary of the UK House of Commons Treasury Committee report on government's approach to #cryptoassets & how they plan to balance the scales of innovation and risk. (1/16) #ShitcoinShutdown #DLT
2. Shoutout to @MatthewLINY for finding this document that was published May 10 2023. 🤝
In this thread, I am going to summarize some viewpoints of the UK Gov and I will post the document link at the end of the Thread! Lets dig in⏬ #Crypto #DLT #Blockchain
In this thread, I am going to summarize some viewpoints of the UK Gov and I will post the document link at the end of the Thread! Lets dig in⏬ #Crypto #DLT #Blockchain
3. The Treasury Committee has called for the UK Gov to step up its efforts in regulating #cryptocurrency, amidst rising concerns about risks to consumers.
They advocate for a pragmatic and balanced approach to regulation, recognising the potential of #DLT in financial services.
They advocate for a pragmatic and balanced approach to regulation, recognising the potential of #DLT in financial services.
0/🧵 @Tether_to announced $1.48b profits for Q1 2023 - omfg, and a bit of colour on their reserves
“IS $USDT BACKED?” is the oldest question in crypto
IMO, the appropriate question should be -> “IS $USDT FAIRLY COLLATERALISED?”
Here’s how I personally look at $USDT reserving… twitter.com/i/web/status/1…
“IS $USDT BACKED?” is the oldest question in crypto
IMO, the appropriate question should be -> “IS $USDT FAIRLY COLLATERALISED?”
Here’s how I personally look at $USDT reserving… twitter.com/i/web/status/1…
1/🧵By Q1’23 @Tether_to had issued $79.4b of digital tokens, and held $81.8b of assets -> in other words had net assets for $2.4b
Is this over-collateralisation enough? It depends through which lens you look at Tether:
1) Money transmitter (i.e. just a servicer)
2) Bank/ fund
Is this over-collateralisation enough? It depends through which lens you look at Tether:
1) Money transmitter (i.e. just a servicer)
2) Bank/ fund
2/🧵What are *MONEY TRANSMITTERS*?
Money transmitters should be mere service providers, they:
- Take your cash, and keep it in quasi-cash assets
- Give you back receipt token/ representation of your cash
- Commit to give you back cash 1-for-1
@circle is issuing $USDC like this
Money transmitters should be mere service providers, they:
- Take your cash, and keep it in quasi-cash assets
- Give you back receipt token/ representation of your cash
- Commit to give you back cash 1-for-1
@circle is issuing $USDC like this
2. I argue that even if #stablecoins do not perfectly satisfy the four prongs of the by now familiar Howey Test for securities, established by the U.S. Supreme Court, substance should not be sacrificed for form.
3. Ultimately a court of competent jurisdiction may be more minded to classify stablecoins as securities given the ultimate goal is investor protection.
The final #MiCA text is here!
After a false alarm on Thursday, when pre-trilogue amendments were mistaken for a new version, we can now take a look at the text that will be voted on by the @Europarl_EN on 20/4
TL;DR - No changes for DeFi, NFTs & stablecoins' caps
A quick 🧵
After a false alarm on Thursday, when pre-trilogue amendments were mistaken for a new version, we can now take a look at the text that will be voted on by the @Europarl_EN on 20/4
TL;DR - No changes for DeFi, NFTs & stablecoins' caps
A quick 🧵
MiCA will NOT apply to "crypto-asset services provided in a fully decentralised manner without any intermediary"
The @EU_Commission will produce a report in 18 months assessing the "necessity and feasibility of regulating #DeFi"
The @EU_Commission will produce a report in 18 months assessing the "necessity and feasibility of regulating #DeFi"
It will also NOT apply to unique and non-fungible tokens, but it WILL apply to fractional #NFTs
Authorities to adopt a "substance over form approach" when classifying NFTs, as their "de facto features" or their "issuance in a large series" could mean they are fungible = captured
Authorities to adopt a "substance over form approach" when classifying NFTs, as their "de facto features" or their "issuance in a large series" could mean they are fungible = captured
5M views for @RobertKennedyJr’s anti-#CBDC tweet👇. #FedNow isn’t a CBDC but all the criticism from different corners is interesting.
A big issue w/ FedNow=banks don’t have enuf cash to handle the higher liquidity demands of 24/7/365 pymts. Banks need to hold *a lot* more cash!
A big issue w/ FedNow=banks don’t have enuf cash to handle the higher liquidity demands of 24/7/365 pymts. Banks need to hold *a lot* more cash!
2/ Yest, while on a podcast w/ @CathieDWood, I said out loud for the first time: #FedNow may not actually launch in July. Banks will need *a lot* more liquidity to handle 24/7/365 pymts, & to raise that cash they’d need to sell assets at loss—which wld reveal the solvency problem
Binance Exchange's Health After the CFTC Lawsuit
CQ's research team assessed the behavior of Binance net-outflows and reserves of $BTC, $ETH, and Stablecoins in three recent stress-test periods.
- Regulatory FUD after FTX Collapse
- Paxos' announcement
- CFTC lawsuit
Thread🧵
CQ's research team assessed the behavior of Binance net-outflows and reserves of $BTC, $ETH, and Stablecoins in three recent stress-test periods.
- Regulatory FUD after FTX Collapse
- Paxos' announcement
- CFTC lawsuit
Thread🧵
1/ #Bitcoin
Regulatory FUD
A netflow of -40,353 BTC in a day and total netflows of -78,744 BTC in a week.
Paxos' announcement
The largest daily netflow was on Feb 12th for -5,027 BTC.
CFTC lawsuit
A daily netflow of -4,505 BTC.
They have remained inside historical ranges.
Regulatory FUD
A netflow of -40,353 BTC in a day and total netflows of -78,744 BTC in a week.
Paxos' announcement
The largest daily netflow was on Feb 12th for -5,027 BTC.
CFTC lawsuit
A daily netflow of -4,505 BTC.
They have remained inside historical ranges.
2/ #Ethereum
Regulatory FUD
The highest daily netflow was -278k ETH.
Paxos' announcement
The daily netflow was -79,706 ETH
CFTC lawsuit
A daily netflow of -76,146 ETH
They have remained inside historical ranges.
Regulatory FUD
The highest daily netflow was -278k ETH.
Paxos' announcement
The daily netflow was -79,706 ETH
CFTC lawsuit
A daily netflow of -76,146 ETH
They have remained inside historical ranges.
😊💫Who will be the next member in #Mesonverse - welcome @rise_wallet, a non-custodial wallet native to Aptos.
By joining forces, we can offer seamless cross-chain services for all web3 explorers!
By joining forces, we can offer seamless cross-chain services for all web3 explorers!
2/ Meson now enables you to swap #stablecoins assets from any chain to Rise wallet on Aptos. Together, we are expanding seamless cross-chain experience between multiple blockchains.
⬇️Discover more detailed collabs on Medium:
medium.com/@mesonfi/welco…
⬇️Discover more detailed collabs on Medium:
medium.com/@mesonfi/welco…
3/ 👥By combining innovative solutions with Rise wallet’s built-in swap feature & NFT display function, and swapping from chain to chain with Meson, we’ll accelerate the utilization of your digital asset!
Get ready to manage your Aptos asset at: risewallet.io
Get ready to manage your Aptos asset at: risewallet.io
1/ A 🧵ON THE @federalreserve's precedent-setting 86-page @custodiabank order, released on Friday. Custodia just published a blog post highlighting the newly-articulated Fed policies + the procedural abnormalities it reveals.
custodiabank.com/press/custodia…
custodiabank.com/press/custodia…
2/ First, the policy items. Here are the first two:
3/ The third is new & raises lots of questions, esp since the Fed appears to have made a significant break from the President's Working Group's recommendation that #stablecoins only be issued by banks. There may be a new "catch 22" here:
#CARDANO #ADA historical price action, a thread 🧵 🪡
I keep looking at this CHART. This is #CARDANO’S price action since inception, spanning from 2018 till date. Approximately 5 years of trading. I look at it and I’m still seeing a Cup & Handle pattern with a $14.38 target.
We
I keep looking at this CHART. This is #CARDANO’S price action since inception, spanning from 2018 till date. Approximately 5 years of trading. I look at it and I’m still seeing a Cup & Handle pattern with a $14.38 target.
We
in the #Cardano community have never witnessed #CARDANO in a bull market with a thriving ECOSYSTEM complete with #DEFI, #stablecoins & #METERVERSE as we have now in this bear market. Anyone here now is early and we are about to witness history in the making. Despite the
We want to tweet regarding @MBitcoiner, @c_hashreview, @harris_irfan, @brucefenton, @MuatafaGMI, and other ‘Bitcoin maxis’.
You love #Bitcoin almost blindly, probably even more than it deserves. But we are here not to convert your opinion.
You love #Bitcoin almost blindly, probably even more than it deserves. But we are here not to convert your opinion.
#IslamicCoin’s team shares mostly the same perspectives about Bitcoin as ‘bitcoin maxis’ and is devoted to the goal of inclusion of unbanked people into the modern economy. We do like decentralization, resistance to manipulation, deflationary nature, etc. But let’s draw the line.
#Bitcoin is the first mover. In the 12 years of its existence, we've witnessed many other coins and blockchains with different value propositions and utility, like privacy coins, #DeFi protocols, #stablecoins, and #NFTs, to name a few.
🚨🔥THE WORLD WILL USE A NEW DIGITAL CURRENCY AS A NEUTRAL BRIDGE FOR GLOBAL CROSS-BORDER SETTLEMENTS🔥🚨
It will not be..
❌the Digital USD
❌the Chinese Digital Yuan
❌any PoS protocol
It will be..
✅BACKED BY NOTHING
✅100% neutral
✅#XRP and #XLM as global #stablecoins
🧵
It will not be..
❌the Digital USD
❌the Chinese Digital Yuan
❌any PoS protocol
It will be..
✅BACKED BY NOTHING
✅100% neutral
✅#XRP and #XLM as global #stablecoins
🧵
The US Dollar has been the backbone of global monetary flow for decades.
In 1971, the US officially dropped the gold standard. This step "removes the underpinnings from the worlds money"
1/24
In 1971, the US officially dropped the gold standard. This step "removes the underpinnings from the worlds money"
1/24
This change meant that the global payment currency no longer possessed any intrinsic value. Its value was solely derived from the confidence of the world's economies that the USD was secure and stable enough to be held and transacted with.
2/24
2/24
1/ 🧵#Stablecoin regulation by Congress can bring clarity and consumer protection, unlocking benefits for consumers & SMEs. Faster, affordable payments await! (see papers.ssrn.com/sol3/papers.cf…).
2/ Designing stablecoins isn't rocket science, 🚀 but avoid pitfalls! ⚡️⚡️⚡️ (papers.ssrn.com/sol3/papers.cf…). State (e.g., @NYDFS) and federal regulators and agencies (@federalreserve, @USOCC, @FDICgov) can play a key role in this.
3/ #1: You need a robust reserve design that can weather market storms 🌪️ and a major run (papers.ssrn.com/sol3/papers.cf…). The plan by the now-defunct @DiemAssociation was short-term US Treasuries (90 days or less) & repos for liquidity.
Now you can use $MaticX as collateral to borrow stablecoin $MAI @qidao
And earn 3% SD Boost💰💰
Well, you already know that !
Let's go step-by-step on how to make the most of this opportunity 🧵
1/6
And earn 3% SD Boost💰💰
Well, you already know that !
Let's go step-by-step on how to make the most of this opportunity 🧵
1/6
Our partnership with @QiDaoProtocol allows borrowing a loan upto 74% of the collateral value…
With 0% Borrow APY🤯
It's a money minting opportunity for all the #DeFi #Degens
2/6
With 0% Borrow APY🤯
It's a money minting opportunity for all the #DeFi #Degens
2/6
Step #1:
Stake MATIC with Stader on polygon.staderlabs.com
And mint MaticX while earning MATIC at a ~5.76% APY
Next…
3/6
Stake MATIC with Stader on polygon.staderlabs.com
And mint MaticX while earning MATIC at a ~5.76% APY
Next…
3/6
Today #stablecoins are the most important elements in the world of #DEFI and #Cryptocurency (before #Bitcoin of course).
Let's see how @LiquityProtocol offers a decentralized stablecoin, independent of bank reserves.
THREAD 🧵🧵🧵
Let's see how @LiquityProtocol offers a decentralized stablecoin, independent of bank reserves.
THREAD 🧵🧵🧵
I'm not saying that $LUSD is the best stablecoin, you have to understand that each #stablecoin has its advantages and disadvantages.
These advantages and disadvantages must therefore be dealt with according to the needs and the context.
These advantages and disadvantages must therefore be dealt with according to the needs and the context.
Given the current economic context, with banks dropping like flies, I think we should seriously consider decentralized #stablecoins that are not collateralized by money in the bank.
NO TRUST IN BANKS.
NO TRUST IN BANKS.
[#THREAD]
👋
Aujourd'hui, je vais vous montrer comment créer un contrat de NFT qui autorise le paiement en #stablecoin à la place de l'ether pour éviter la volatilité (👀).
Suivez ce thread pour apprendre comment mettre en place cette solution technique simplement.
🧵👇
👋
Aujourd'hui, je vais vous montrer comment créer un contrat de NFT qui autorise le paiement en #stablecoin à la place de l'ether pour éviter la volatilité (👀).
Suivez ce thread pour apprendre comment mettre en place cette solution technique simplement.
🧵👇
Mise en situation :
Vous lancez une collection de NFT sur la blockchain #Ethereum... mais vous avez besoin d'un montant très précis, 100$ par NFT, pas plus, pas moins.
Et la se pose un problème, un mint en ether induit forcément la variation du cours...
Vous lancez une collection de NFT sur la blockchain #Ethereum... mais vous avez besoin d'un montant très précis, 100$ par NFT, pas plus, pas moins.
Et la se pose un problème, un mint en ether induit forcément la variation du cours...
Heureusement, il existe une solution à votre problème...
Les #stablecoins !
Des tokens indexés au cours de l'USD qui (en théorie) ne varient pas.
Mais est-ce possible de mint des NFTs en échange de stablecoins ?
Les #stablecoins !
Des tokens indexés au cours de l'USD qui (en théorie) ne varient pas.
Mais est-ce possible de mint des NFTs en échange de stablecoins ?
MC of 4.5M & sitting at roughly .12 @DFXFinance has an insane amount upside. $DFX has big plans, great team, great partners, & is bringing foreign #stablescoins to the 🌍. DB is sold on the potential. See this YouTube vid on how the bonding curve works.
With all the negativity in #crypto at the moment I’m glad I’m in $TEL & $DFX 🤝🏻 they are doing it the right way💯
$TEL $DFX $MATIC #Web3 #Staking #altcoin #polygon #GSMA #Fintech #Defi #Crypto #Stablecoins @telcoin @JTQuigley @P4Cap @DFXFinance @CotyKuhn @kevinzhangTO @0xNegi twitter.com/i/web/status/1…
$TEL $DFX $MATIC #Web3 #Staking #altcoin #polygon #GSMA #Fintech #Defi #Crypto #Stablecoins @telcoin @JTQuigley @P4Cap @DFXFinance @CotyKuhn @kevinzhangTO @0xNegi twitter.com/i/web/status/1…
Appreciate your $TEL $DFX RT💯 @Lelaye_XRP. Hope your having a great Sunday 🤜🤛 My $TEL sis is on fire 🔥 today!!!!
@pZpWjd4dkw9ZGIG 🤝🏻 is on fire 🔥 appreciate your $DFX $TEL RT💯
It’s Saturday night #crypto is supposedly done for & going to zero 😂 DB is unfazed why? I know what I #HODL 💪
$TEL $DFX $MATIC #Web3 #Staking #altcoins #AI #100xgem #polygon #GSMA #Fintech #Defi #Crypto #Stablecoins @telcoin @P4Cap @DFXFinance @CotyKuhn @kevinzhangTO @0xNegi
$TEL $DFX $MATIC #Web3 #Staking #altcoins #AI #100xgem #polygon #GSMA #Fintech #Defi #Crypto #Stablecoins @telcoin @P4Cap @DFXFinance @CotyKuhn @kevinzhangTO @0xNegi
I know @magnifintech knows what they #HODL appreciate your $TEL $DFX RT💯 my friend 🤝
I know @EddieSuarez70 knows we #HODL’s appreciate your $TEL $DFX RT💯 my friend 🤝 those bad a$$ $DFX socks 🧦 will be on the way soon my friend 🔥
¿Qué está pasando con las #stablecoins? 🤔
Primero fue la #Stablecoin de #Binance #BUSD que hasta hoy ha perdido $8 mil millones de sus capital de mercado, y ahora es #USDC de #Coinbase que ha perdido la paridad con el dólar y $7 mil millones de su capital. 😱
[Hilo] 🧶
1/15
Primero fue la #Stablecoin de #Binance #BUSD que hasta hoy ha perdido $8 mil millones de sus capital de mercado, y ahora es #USDC de #Coinbase que ha perdido la paridad con el dólar y $7 mil millones de su capital. 😱
[Hilo] 🧶
1/15
En el caso de #Binance y #BUSD hicimos un hilo en su momento que dejaré al final, pero hoy nos enfocamos en el caso de la moneda estable #USDC del exchange cripto más grande de EE.UU @coinbase.
Lo primero a destacar es que Coinbase y Circle que son los emisores de #USDC...
2/15
Lo primero a destacar es que Coinbase y Circle que son los emisores de #USDC...
2/15
no están en quiebra. El problema lo tuvo fue el banco @SVB_Financial que es donde @circle y @coinbase tienen parte del colateral de su moneda estable #USDC. Éste Silicon Valley Bank (SVB) fue intervenido hace 1 día por el @CaliforniaDFPI ya que estaba insolvente.👇
3/15
3/15
@DFXFinance is creating an ecosystem for non-USD #stablecoins to thrive & provide value to users around the globe.
Are YOU 🫵 Interested in a great #partnership with $DFX contact @CotyKuhn @0xNegi @kevinzhangTO
$TEL $ETH $MATIC #Web3 #Staking #altcoins #100xgem #polygon #DeFi
Are YOU 🫵 Interested in a great #partnership with $DFX contact @CotyKuhn @0xNegi @kevinzhangTO
$TEL $ETH $MATIC #Web3 #Staking #altcoins #100xgem #polygon #DeFi
@CryptoBlacksmit @phenomcrypto4 appreciate your $DFX RT💯 🐉🔥
Appreciate your $DFX RT💯 @eltarod and thanks for the support 🔥🤝🏻
