How Crypto Social Network Minds is Using Ad Buys to Create a ‘Semi-Stablecoin’

All the talk about stablecoins has people re-examining the actual value of crypto tokens and the associated markets. The discussion is particularly relevant during a bear assault on the whole crypto market, like the one we’re seeing now. Frequent Bitcoin commentator and Cornell professor Emin Gün Sirer believes there is a distinct difference between a coin that is pegged to a fiat currency and a coin that is “stable.”

In a recent tweet, he noted that MakerDAO should be considered “stable,” because it uses algorithmic methods of achieving a stable ratio, while USDC and Tether should be considered “pegged,” in that they use simple methods and the banking system to retain a 1:1 ratio with fiat currency.

Reference: https://www.ccn.com/how-crypto-social-network-minds-is-using-ad-buys-to-create-a-semi-stablecoin/

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