#stablecoin #risk #usdt
What is the best stablecoin? There are 4 different types of stablecoins: centralized (USTD, USDC, BUSD), decentralized and overcollateralized (DAI and MIM), decentralized fractional (FRAX, DEI), decentralized algorithmic (UST, USDD).
USDT: https://tether.to/en/transparency/#reports
USDC: https://www.circle.com/en/usdc#attestation-section
https://www.centre.io/hubfs/PDF/2022%20Circle%20Examination%20Report%20March%202022.pdf?hsLang=en
DAI: https://oasis.app/
MIM: https://abracadabra.money/
FRAX: https://app.frax.finance/
DEI: https://docs.deus.finance/usddei/dei-stablecoin-overview
USDD: https://usdd.io/#/
USN: https://medium.com/nearprotocol/usn-alpha-of-near-e04832add4f
https://decentral-bank.finance/
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The content provided here is intended for informational purposes only. It should not be considered as financial, legal, or tax advice. The views expressed in this text are solely those of the author and should not be interpreted as the opinions of a licensed financial advisor or registered investment advisor. Please be aware that trading cryptocurrencies involves significant risk, and there is a possibility of experiencing losses. The author does not guarantee any specific results or outcomes. Before making any financial decisions, it is recommended to seek advice from qualified professionals.
00:00 Stable coins: what are the risks
00:42 The ranking by Coingecko: all the different stable coins
00:58 Having a small market cap
01:33 What are the different types of stable coins: four main types
01:48 The first one: Theter USDS
02:37 The point, the main tread for Theter
04:56 Another model, the biggest stable in this moment
05:11 Which is the difference between USD and DAI
06:13 The main risk in the moment when we are using this protocol
07:41 Another risk for all the stable coins connected with the regulation
08:01 A third system, a hybrid system
08:43 The algorithmic part of the stable coin
09:17 Something that is using this kind of system: DEI
10:56 The fourth model: an algorithmic system USDD
11:40 Why this system is something that is so hyped even knowing the risk, why do many protocols keep going in this direction
12:42 The main problem: a possible bank run
12:52 Are all the algorithmic stable coins Ponzi schemes? My opinion
13:51 It was for real a Ponzi or not? About Luna, my opinion
14:52 The trust when it goes down
15:27 The main problem: the Tokenomics
16:40 What I wanna invite you, suggestions
17:14 My advice
17:35 The best way to defend yourself
18:33 Conclusion