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Types of Stablecoins
Today, we’ll tell you about the three main categories of stablecoins.
▪️ Stablecoins backed by fiat currencies
These coins are backed by real-life assets, fiat money, or paper money. Two examples of this stablecoin are Tether (USDT) and USD Coin (USDC). The companies issuing these coins own large reserves to support every issued coin; however, Tether has come under intense scrutiny in the past for this specific issue.
▪️ Stablecoins backed by cryptocurrencies
Some projects are so bold that they’re willing to back their stablecoin with other cryptocurrencies (not real assets or money). For example, a crypto-backed stablecoin with a value of $1 could be supported by a crypto asset worth $2. The logic here is that if the underlying asset’s value were to drop, the stablecoin would still be able to maintain its dollar peg.
The most famous crypto-backed stablecoin is Dai (DAI).
▪️ Algorithmic stablecoins
Algorithmic stablecoins are not backed by assets or fiat currencies, which makes it difficult to understand why or how they’re stablecoins in the first place. As their name indicates, the value of these coins is controlled by computer algorithms. If the stablecoin’s value is pegged to $1 but rises above $1, the code will automatically mint and release more coins into circulation to lower the stablecoin’s value back to $1. Conversely, if the value drops below $1, the algorithm will remove—or burn—coins from circulation to lift the value back up to $1. The amount of coins you hold will change, but they’ll always reflect the value you own.
Please note: Stablecoins are not dollars—they’re cryptocurrencies. Even when dealing with stablecoins, investing in crypto carries inherent risks—case in point the collapse of Terra’s algorithmic stablecoin TerraUSD.
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Today, we’ll tell you about the three main categories of stablecoins.
▪️ Stablecoins backed by fiat currencies
These coins are backed by real-life assets, fiat money, or paper money. Two examples of this stablecoin are Tether (USDT) and USD Coin (USDC). The companies issuing these coins own large reserves to support every issued coin; however, Tether has come under intense scrutiny in the past for this specific issue.
▪️ Stablecoins backed by cryptocurrencies
Some projects are so bold that they’re willing to back their stablecoin with other cryptocurrencies (not real assets or money). For example, a crypto-backed stablecoin with a value of $1 could be supported by a crypto asset worth $2. The logic here is that if the underlying asset’s value were to drop, the stablecoin would still be able to maintain its dollar peg.
The most famous crypto-backed stablecoin is Dai (DAI).
▪️ Algorithmic stablecoins
Algorithmic stablecoins are not backed by assets or fiat currencies, which makes it difficult to understand why or how they’re stablecoins in the first place. As their name indicates, the value of these coins is controlled by computer algorithms. If the stablecoin’s value is pegged to $1 but rises above $1, the code will automatically mint and release more coins into circulation to lower the stablecoin’s value back to $1. Conversely, if the value drops below $1, the algorithm will remove—or burn—coins from circulation to lift the value back up to $1. The amount of coins you hold will change, but they’ll always reflect the value you own.
Please note: Stablecoins are not dollars—they’re cryptocurrencies. Even when dealing with stablecoins, investing in crypto carries inherent risks—case in point the collapse of Terra’s algorithmic stablecoin TerraUSD.
Crypto Updates Here:
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✅ Difference Between USDT and USDC
USDT (Tether) and USDC (USD Coin) are both stablecoins pegged to the US Dollar. Here's how they differ:
1️⃣ Issuers and Backing
- USDT: Issued by Tether Limited, backed by reserves including cash and other assets. Questions about transparency exist.
- USDC: Issued by Circle in partnership with Coinbase, backed by cash and US Treasury bonds with regular audits.
2️⃣ Transparency
- USDT: Less transparent; faced scrutiny over reserve accuracy.
- USDC: More transparent; undergoes monthly third-party audits.
3️⃣ Regulatory Compliance
- USDT: Operates with fewer regulatory commitments.
- USDC: Adheres to U.S. financial regulations, trusted by institutions.
4️⃣ Use Cases
- USDT: Popular for trading due to high liquidity.
- USDC: Preferred for DeFi, payments, and applications needing transparency.
5️⃣ Adoption
- USDT: Most traded stablecoin globally.
- USDC: Growing in popularity, especially among institutions.
6️⃣ Blockchain Support
- USDT: Available on multiple blockchains like Ethereum, Tron, Solana, and more.
- USDC: Also supports multiple blockchains but slightly less widespread.
💡 Conclusion:
- Use USDT for liquidity and trading volume.
- Use USDC for transparency, compliance, and institutional trust.
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USDT (Tether) and USDC (USD Coin) are both stablecoins pegged to the US Dollar. Here's how they differ:
1️⃣ Issuers and Backing
- USDT: Issued by Tether Limited, backed by reserves including cash and other assets. Questions about transparency exist.
- USDC: Issued by Circle in partnership with Coinbase, backed by cash and US Treasury bonds with regular audits.
2️⃣ Transparency
- USDT: Less transparent; faced scrutiny over reserve accuracy.
- USDC: More transparent; undergoes monthly third-party audits.
3️⃣ Regulatory Compliance
- USDT: Operates with fewer regulatory commitments.
- USDC: Adheres to U.S. financial regulations, trusted by institutions.
4️⃣ Use Cases
- USDT: Popular for trading due to high liquidity.
- USDC: Preferred for DeFi, payments, and applications needing transparency.
5️⃣ Adoption
- USDT: Most traded stablecoin globally.
- USDC: Growing in popularity, especially among institutions.
6️⃣ Blockchain Support
- USDT: Available on multiple blockchains like Ethereum, Tron, Solana, and more.
- USDC: Also supports multiple blockchains but slightly less widespread.
💡 Conclusion:
- Use USDT for liquidity and trading volume.
- Use USDC for transparency, compliance, and institutional trust.
Crypto Updates Here:
https://t.me/cryptostract
More Resources Here:
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🟢Swing Trading
🔺Swing trading is a type of longer-term trading strategy that involves holding positions for longer than a day but typically not longer than a few weeks or a month. In some ways, swing trading sits in the middle between day trading and trend trading.
Swing traders generally try to take advantage of waves of volatility that take several days or weeks to play out.
🟢Swing traders may use a combination of technical and fundamental factors to formulate their trade ideas. Naturally, fundamental changes may take a longer time to play out, and this is where fundamental analysis comes into play. Even so, chart patterns and technical indicators can also play a major part in a swing trading strategy.
👉Swing trading might be the most convenient active trading strategy for beginners. A significant benefit of swing trading over day trading is that swing trades take longer to play out. Still, they’re short enough so that it’s not too hard to keep track of the trade.
👉This allows traders more time to consider their decisions. In most cases, they have enough time to react to how the trade is unfolding. With swing trading, decisions can be made with less haste and more rationality. On the other hand, day trading often demands fast decisions and speedy execution, which isn’t ideal for a beginner.
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🔺Swing trading is a type of longer-term trading strategy that involves holding positions for longer than a day but typically not longer than a few weeks or a month. In some ways, swing trading sits in the middle between day trading and trend trading.
Swing traders generally try to take advantage of waves of volatility that take several days or weeks to play out.
🟢Swing traders may use a combination of technical and fundamental factors to formulate their trade ideas. Naturally, fundamental changes may take a longer time to play out, and this is where fundamental analysis comes into play. Even so, chart patterns and technical indicators can also play a major part in a swing trading strategy.
👉Swing trading might be the most convenient active trading strategy for beginners. A significant benefit of swing trading over day trading is that swing trades take longer to play out. Still, they’re short enough so that it’s not too hard to keep track of the trade.
👉This allows traders more time to consider their decisions. In most cases, they have enough time to react to how the trade is unfolding. With swing trading, decisions can be made with less haste and more rationality. On the other hand, day trading often demands fast decisions and speedy execution, which isn’t ideal for a beginner.
Crypto Updates Here:
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More Resources Here:
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What is FOMO?
Fear of Missing Out (FOMO) is the fear of missing an opportunity, often experienced by traders and investors in the cryptocurrency market.
This term describes the psychological pressure when a person sees asset prices rising and fears missing out on a profit if they don't enter the market.
How does FOMO manifest in cryptocurrency?
🔵 Impulsive buying: When the price of a cryptocurrency is rapidly increasing, people may rush to buy assets, fearing that they will continue to rise and they will miss their opportunity.
🔵 Unplanned decisions: Under the influence of FOMO, investors may ignore their initial strategies and invest in assets without proper analysis, increasing the risk of losses.
🔵 Social pressure: The influence of social media and forums, where "missed" opportunities are discussed, can push people towards rash actions.
Types of Stablecoins: https://t.me/cryptostract/5
Difference Between USDT and USDC: https://t.me/cryptostract/6
Swing Trading: https://t.me/cryptostract/7
Telegram Channel:
https://t.me/cryptostract
More Resources Here:
https://whatsapp.com/channel/0029VajB00n0LKZ7cSloGR1M
#crypto #web3 #blockchain #finance #stocks
Fear of Missing Out (FOMO) is the fear of missing an opportunity, often experienced by traders and investors in the cryptocurrency market.
This term describes the psychological pressure when a person sees asset prices rising and fears missing out on a profit if they don't enter the market.
How does FOMO manifest in cryptocurrency?
🔵 Impulsive buying: When the price of a cryptocurrency is rapidly increasing, people may rush to buy assets, fearing that they will continue to rise and they will miss their opportunity.
🔵 Unplanned decisions: Under the influence of FOMO, investors may ignore their initial strategies and invest in assets without proper analysis, increasing the risk of losses.
🔵 Social pressure: The influence of social media and forums, where "missed" opportunities are discussed, can push people towards rash actions.
Types of Stablecoins: https://t.me/cryptostract/5
Difference Between USDT and USDC: https://t.me/cryptostract/6
Swing Trading: https://t.me/cryptostract/7
Telegram Channel:
https://t.me/cryptostract
More Resources Here:
https://whatsapp.com/channel/0029VajB00n0LKZ7cSloGR1M
#crypto #web3 #blockchain #finance #stocks
8 Best Methods to Make Money with Cryptocurrency.
Before learning how to make money with cryptocurrency, consider the eight methods listed below:
1, Investing in Presales & Top New Coins Early - Get the Best Price
Possible on Favorable Coins such as Meta Masters Guild and Fight Out
2, Staking and Interest - Earn Passive Income on Idle Crypto Coins
3, Play-to-Earn Games - Generate Free Cryptocurrency by Playing NFT Games
4, Yield Farming & Lending - Deposit and Lend Crypto Coins to Earn Interest
5, Day Trading - Actively Buy and Sell Crypto to Take Advantage of Volatility
6, Long-Term Investing & Holding - Buy and Hold Crypto for Long-Term Gains
7, Airdrops, Giveaways, Faucets - Get Free Crypto Tokens for Completing Tasks
8, Mining - Help Verify Blockchain Transactions Remotely Through Cloud Mining
To make money with crypto, it is best to first have an understanding of how each of the above methods works.
Swing Trading: https://t.me/cryptostract/7
Telegram Channel:
https://t.me/cryptostract
More Resources Here:
https://whatsapp.com/channel/0029VajB00n0LKZ7cSloGR1M
#crypto #web3 #blockchain #finance #stocks
Before learning how to make money with cryptocurrency, consider the eight methods listed below:
1, Investing in Presales & Top New Coins Early - Get the Best Price
Possible on Favorable Coins such as Meta Masters Guild and Fight Out
2, Staking and Interest - Earn Passive Income on Idle Crypto Coins
3, Play-to-Earn Games - Generate Free Cryptocurrency by Playing NFT Games
4, Yield Farming & Lending - Deposit and Lend Crypto Coins to Earn Interest
5, Day Trading - Actively Buy and Sell Crypto to Take Advantage of Volatility
6, Long-Term Investing & Holding - Buy and Hold Crypto for Long-Term Gains
7, Airdrops, Giveaways, Faucets - Get Free Crypto Tokens for Completing Tasks
8, Mining - Help Verify Blockchain Transactions Remotely Through Cloud Mining
To make money with crypto, it is best to first have an understanding of how each of the above methods works.
Swing Trading: https://t.me/cryptostract/7
Telegram Channel:
https://t.me/cryptostract
More Resources Here:
https://whatsapp.com/channel/0029VajB00n0LKZ7cSloGR1M
#crypto #web3 #blockchain #finance #stocks
📊 Market Overview:
BTC : $109880
ETH : $2569.71
BNB : $674.55
SOL : $177.78
📈 Market Cap :
Total : 3.57T
DeFi : 112.63B
24hr Vol : 91.01B
⚡️ Sentiment :
FGI : Greed (73)
Open Interest : 78.09B
24h Liquidation : $170.8M
⚡️ t.me/cryptostract
BTC : $109880
ETH : $2569.71
BNB : $674.55
SOL : $177.78
📈 Market Cap :
Total : 3.57T
DeFi : 112.63B
24hr Vol : 91.01B
⚡️ Sentiment :
FGI : Greed (73)
Open Interest : 78.09B
24h Liquidation : $170.8M
⚡️ t.me/cryptostract
Shiba Inu (SHIB) Expands Its Ecosystem While Investors Flock To Ruvi AI (RUVI) For Massive Gains This Year📶
Shiba Inu (SHIB), currently trading at $0.00001566, is advancing its ecosystem with Shibarium, a layer-2 solution aimed at boosting scalability and utility for users and developers in decentralized finance. Meanwhile, Ruvi AI is gaining attention for integrating AI and blockchain to address real-world challenges.
⚡️ t.me/cryptostract
Shiba Inu (SHIB), currently trading at $0.00001566, is advancing its ecosystem with Shibarium, a layer-2 solution aimed at boosting scalability and utility for users and developers in decentralized finance. Meanwhile, Ruvi AI is gaining attention for integrating AI and blockchain to address real-world challenges.
⚡️ t.me/cryptostract
Standard Chartered Sees Bitcoin Hitting $500K on Institutional Demand 🕯
Standard Chartered predicts Bitcoin could reach $500,000, citing strong institutional interest and SEC ETF approvals. The bank highlights growing demand from sovereign wealth funds as a key driver. Bitcoin is currently trading around $108,000.
🔆 t.me/cryptostract
Standard Chartered predicts Bitcoin could reach $500,000, citing strong institutional interest and SEC ETF approvals. The bank highlights growing demand from sovereign wealth funds as a key driver. Bitcoin is currently trading around $108,000.
🔆 t.me/cryptostract
In the past week, the transaction volume of DEX on the BSC chain exceeded US$55.5 billion, an increase of 133%, ranking first in the entire network
According to DefiLlama data, the transaction volume of DEX on the BSC chain reached US$55.586 billion in the past week, an increase of 133%.
In addition, the weekly transaction volume of DEX on the Solana chain was US$22.771 billion, a decrease of 14.84%, and the weekly transaction volume of DEX on the Ethereum chain was US$19.413 billion, an increase of 20.52%.
🔆 t.me/cryptostract
According to DefiLlama data, the transaction volume of DEX on the BSC chain reached US$55.586 billion in the past week, an increase of 133%.
In addition, the weekly transaction volume of DEX on the Solana chain was US$22.771 billion, a decrease of 14.84%, and the weekly transaction volume of DEX on the Ethereum chain was US$19.413 billion, an increase of 20.52%.
🔆 t.me/cryptostract
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✔️ Last week's crypto market highlights
⚫️ Blum co-founder Smerkis arrested in Moscow on fraud charges
⚫️ Russia drafts bill to seize digital currency in crimes
⚫️ Strategy acquires 7,390 BTC for $764.9m
⚫️ Argentina shuts down LIBRA memecoin investigation unit
⚫️ Societe Generale to launch USD-pegged stablecoin on Ethereum
⚫️ South Korea lifts crypto investment ban in June
⚫️ Bitcoin hits new all-time high surpassing $110,000
⚫️ Kraken to offer tokenized stocks and ETFs
⚫️ Cetus loses $220m in smart contract exploit
⚫️ Trump recommends 50% tariff on EU goods
⚡️ t.me/cryptostract
⚫️ Blum co-founder Smerkis arrested in Moscow on fraud charges
⚫️ Russia drafts bill to seize digital currency in crimes
⚫️ Strategy acquires 7,390 BTC for $764.9m
⚫️ Argentina shuts down LIBRA memecoin investigation unit
⚫️ Societe Generale to launch USD-pegged stablecoin on Ethereum
⚫️ South Korea lifts crypto investment ban in June
⚫️ Bitcoin hits new all-time high surpassing $110,000
⚫️ Kraken to offer tokenized stocks and ETFs
⚫️ Cetus loses $220m in smart contract exploit
⚫️ Trump recommends 50% tariff on EU goods
⚡️ t.me/cryptostract
The US Department of Justice Seizes $24 Million in Cryptocurrency from Qakbot Malware Developers
According to Cointelegraph, the U.S. Department of Justice (DOJ) has filed a civil forfeiture lawsuit seeking to seize over $24 million in cryptocurrency held by Russian citizen Rustam Rafailevich Gallyamov. Gallyamov is accused of developing the Qakbot malware.
🔆 t.me/cryptostract
According to Cointelegraph, the U.S. Department of Justice (DOJ) has filed a civil forfeiture lawsuit seeking to seize over $24 million in cryptocurrency held by Russian citizen Rustam Rafailevich Gallyamov. Gallyamov is accused of developing the Qakbot malware.
🔆 t.me/cryptostract
Elon Musk Reflects on Twitter's Dogecoin Logo Swap: 'That Was Awesome'🐶
Elon Musk sparked a crypto stir by replacing Twitter’s bird logo with Dogecoin’s shiba inu, highlighting how influential figures can impact crypto markets. Meanwhile, a trading platform is offering 60% off for Memorial Day, featuring stock picks, rankings, and advanced tools.
🔆 t.me/cryptostract
Elon Musk sparked a crypto stir by replacing Twitter’s bird logo with Dogecoin’s shiba inu, highlighting how influential figures can impact crypto markets. Meanwhile, a trading platform is offering 60% off for Memorial Day, featuring stock picks, rankings, and advanced tools.
🔆 t.me/cryptostract
This is a problem when people make 6 figures.
They ape into supercars and fancy stuff.
When they could have aped into investments and become decamillionaires.
Super short sighted.
⚡️ t.me/cryptostract
They ape into supercars and fancy stuff.
When they could have aped into investments and become decamillionaires.
Super short sighted.
⚡️ t.me/cryptostract