Labeled as showcase in Niche Domain Discussion, started by Woke Monkey, Apr 24, 2020
Not sure if it's worthless but a i GRABBED IT
here's my lottery ticket
Maybe not, because stable coins are more of a derivatives game
Stablecoin capital gains are still taxable.
Check bitcoin.tax and crypto.tax is a working site. I think stablecoin.tax has a chance biased opinion. lol
I’ll looking into it man
Telecom Giant Says ‘Local Stablecoins, Blockchain’ Powered 19% Growth
The list of companies getting onboard is growing fast;
Mitsubishi UFJ Financial Group
Legendary crypto trading OG Dan Matuszewski of CMS Holdings estimates that within 3 years Stablecoin Market Cap to be iro 50 BILLION
Maybe by Feb.
If Libra launches as expected late 2020 early 2021 then 50 Billion will get smashed.
Stablecoin market cap is around 14.3 Billion, last month was just 9B. Assuming, 5b added every month, by March, market cap should be around 50B, if you added libra..sky is the limit !
New report by the G30 Working Group on Digital Currencies and stablecoins
"Central Banks Cannot be Hands-off as the Technology Develops"
GFMA Response to FSB Consultation Paper on Global Stablecoins
GFMA submitted a response to the FSB consultation paper on “Addressing the regulatory, supervisory and oversight challenges raised by ‘global stablecoin’ arrangements.”
The GFMA recently provided its response to the Financial Stability Board’s (“FSB”) consultation paper (“the Paper”) titled Addressing The Regulatory, Supervisory And Oversight Challenges Raised By “Global Stablecoin” Arrangements. The GFMA put forward certain recommendations to support the implementation of global stablecoin (“GSC”) arrangements provided for in the Paper. These recommendations include:
FSB should utilise a crypto-asset taxonomy that clearly establishes “stablecoin” as a subcategory of “value stable crypto-assets” to facilitate appropriate regulatory treatment.
Principle of ‘same activity, same risk, same regulation’ should be applied to the regulation of stablecoin for effective supervision and oversight, excluding digital money already regulated under existing rules or subject to Financial Market Infrastructure (“FMI”) regulation.
FSB should clarify to whom the Paper is directed (issuers, custodians etc?) and also consider other service providers which interact with stablecoin arrangements.
FSB should continue its global coordination with other regulators as international consistency is important, to provide clarity around jurisdictional oversight and to encourage the development of global standards and principles for interoperability.
Regulatory framework adopted by the FSB must be technology agnostic to remain agile and encourage innovation.
GFMA requested FSB to provide further details about what constitutes “global” or “systematic” importance and their associated regulatory requirements, and to distinguish between “stablecoin arrangements” and “systemically important stablecoin arrangements” focusing on the operator of the system rather than the stablecoin itself.
The GFMA felt that the existing FSB definition of a stablecoin is too broad, and suggested a new definitions which excludes other digital forms of money already covered by existing regulations. It also acknowledged that stablecoin are not only asset-linked or algorithm-based, but can be hybrid. Thus, the FSB should consider how hybrid stablecoins should be regulated.
Types of Crypto-Assets
B. Value-Stable Crypto-Assets
1. Central Bank Digital Currencies (CBDC22) (e.g., e-Krona)
2. Financial Market Infrastructure (FMI) Tokens (e.g., USC)
3. Tokenized Commercial Bank Money23 (e.g., Signet)
a. Asset Linked Crypto-Asset
• Fiat currency linked (e.g., Tether, Paxos, USDC, Gemini)
• Other real asset linked (e.g., Sendgold, Xaurum )
• Crypto-asset linked (e.g., Maker)
b. Algorithmic Crypto-Asset
Typically not linked to any underlying assets and each token can be pegged to a price level or a unit maintained through buying, selling or exchange24 among assets25 or some other pre-determined mechanism26
C. Security Token
• Token issued solely on DLT that satisfies the applicable regulatory definition of a security
i. or financial instrument under local law (e.g., World Bank’s “Blockchain Bond”)
• Token that represents on DLT underlying securities/financial instruments issued on a different platform (e.g., a traditional CSD, registrar, etc.), where such representation itself satisfies the definition of a security/financial instrument under local law
D. Settlement Token
E. Utility Token
GFMA Response to FSB Consultation Paper on Global Stablecoins
Digital Dollar Stablecoins in the US Financial System
Tether has just surpassed a $12 billion market capitalization!
Since March 2020, Tether’s market cap has increased 140% from $5 billion, maintaining it’s number one spot as the most liquid & trusted stablecoin!
Stablecoins and why they are so underestimated
Enter Facebook Financial: All Bases Covered From Crypto to Stablecoins
The GFMA (Global Financial Markets Association) has recommended to the FSB that all types of 'Stablecoins' and 'CBDC's' come under the classification of 'Value Stable Crypto Assets'.
Central Bank Digital Currencies - CBDC's
Financial Market Infrastructure Tokens - FMITokens
Tokenized Commercial Bank Money
Asset Linked Crypto Assets
Fiat currency linked (e.g., Tether, Paxos, USDC, Gemini)
Other real asset linked (e.g., Sendgold, Xaurum )
Crypto-asset linked (e.g., Maker)
Would the domaining community therefore say that 'ValueStableCryptoAssets.(*)' is a category killer and is more valuable than the singular 'stablecoins.(*)?
It would be really useful if you could vote in the Namepros Poll Below
Good Stablecoin Rules in the EU Pave the Way for CBDCs and a Digital Euro
Stablecoins by Market Capitalization
Just acquired a very nice Stablecoin Domain for $xxx
Gobsmacked it was so cheap.
Will share the details when it completes.
Blockchain.com raises interest rate on bitcoin and stablecoins as hunt for yield among traders soars
Blockchain.com is now offering a 12% annual interest rate on stablecoin deposits
Between Crypto, Libra, Stablecoins, And Digital Dollars, Congress Introduced 35 ‘Blockchain’ Bills
Stablecoin Excitement Suggests a New Future for Digital Currencies – Without the Volatility
Even before Mark Zuckerberg revealed Libra to the light of day, the tingle of excitement was already being felt. Admittedly Libra did not survive first contact with its illumination. It was already apparent before Facebook took an interest, that there would be more to the stablecoin world than Tether.
A Jump Capital analyst writing at The Block said of stablecoins: “We believe U.S. dollar stablecoins, or crypto-dollars, may very well end up being the ‘killer app’ for crypto.”
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