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Stablecoin Domains

Located in Niche Domain Discussion, started by Woke Monkey, Apr 24, 2020

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  1. Woke Monkey

    Woke Monkey Established Member

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    In the middle of all this carnage there’s one industry that’s booming right now.

    Stablecoins

    Under the radar, stablecoins have experienced hypergrowth over the past few years. Coinbase reports that the total stablecoin market capitalisation has risen to an all-time-high of over $9 billion.

    Ethereum-based stablecoins market capitalisation nearly doubled year-to-date to $6.25 Billion.

    On top of this, one of the most hyped stablecoin projects, Libra just announced a United States Dollar backed Stablecoin and seems to be moving forward with its updated whitepaper v2. If Libra succeeds, stablecoins backed by several fiat currencies will be released to circulation with potentially immediate mass global adoption.

    Has anyone secured any domains in this niche?
     
    Last edited: Apr 24, 2020
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  2. Woke Monkey

    Woke Monkey Established Member

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    Mainstream media awareness on the stablecoin surge emerging

    Breaking news!

    mobile.reuters.com/video/watch/breakingviews-tv-digital-money-id712135464
     
  3. Woke Monkey

    Woke Monkey Established Member

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    Stablecoins tacked on $3b in the last six weeks.

    Can’t argue with the numbers.
     
  4. Samer

    Samer Restricted (Chatroom) Blue Account

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    What Is a Stablecoin?
    A stablecoin is a new class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset. Stablecoins have gained traction as they attempt to offer the best of both world’s—the instant processing and security or privacy of payments of cryptocurrencies, and the volatility-free stable valuations of fiat currencies.

    STABLECOIN TAKEAWAYS
    • Cryptocurrencies that attempt to peg their market value to some external reference.
    • May be pegged to a currency like U.S. dollar or to a commodity's price such as gold.
    • Stablecoins achieve their price stability via collateralization (backing) or through algorithmic mechanisms of buying and selling the reference asset or its derivatives.
    Bitcoin remains most popular, tends suffer from high volatility. $5,950 Nov last year to $19,700 Dec, declined two-thirds $6,900 Feb. intraday; common 10 percent either direction in a few hours

    This volatility makes bitcoin and other cryptocurrencies unsuitable for everyday use by public.

    Two primary reasons for the price stability of fiat currencies are the reserves that back them and the timely market actions by the controlling authorities, like central banks. Since fiat currencies pegged to an underlying asset; gold, forex reserves act as collateral, free from wild swings.
     
    Last edited: Apr 28, 2020
  5. Samer

    Samer Restricted (Chatroom) Blue Account

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    Fiat-Collateralized Stablecoins
    Fiat-collateralized stablecoins maintain a fiat currency reserve, like the U.S. dollar, as collateral to issue a suitable number of crypto coins. Other forms of collateral can include precious metals like gold or silver, well as commodities like oil, most -fiat-collateralized stablecoins use dollar reserves

    Such reserves are maintained by independent custodians and are regularly audited for adherence to the necessary compliance. Tether (USDT) and TrueUSD are popular crypto coins that have a value equivalent to that of a single U.S. dollar and are backed by dollar deposits.

    Crypto-Collateralized Stablecoins
    Crypto-collateralized stablecoins are backed by other cryptocurrencies. Since the reserve cryptocurrency may also be prone to high volatility, such stablecoins are “over-collateralized”—that is, a larger number of cryptocurrency tokens is maintained as reserve for issuing a lower number of stablecoins.

    Non-Collateralized (algorithmic) Stablecoins
    Non-collateralized stablecoins don’t use any reserve but include a working mechanism, like that of a central bank, to retain a stable price. For instance, dollar-pegged basecoin uses a consensus mechanism to increase or decrease the supply of tokens on need basis.

    Such actions are similar to central bank printing banknotes to maintain valuations fiat currency by implementing a smart contract on a decentralized platform can run autonomously.
     
    Last edited: Apr 28, 2020
  6. Samer

    Samer Restricted (Chatroom) Blue Account

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    Last edited: Apr 28, 2020
  7. Woke Monkey

    Woke Monkey Established Member

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    check out this link

    coinmetrics.io/charts/#assets=dai,busd,pax,sai,gusd,husd,usdc,tusd,usdt,usdteth,usdttrx_log=false_left=SplyCur_zoom=1498001897487.4375,1587254400000_stack=true
     
  8. Samer

    Samer Restricted (Chatroom) Blue Account

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    Wow Picture the link. You werent kidding!
     

    Attached Files:

    Last edited: Apr 28, 2020
  9. Woke Monkey

    Woke Monkey Established Member

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    Daily trading volume on Stablecoins last 24 hours $53.4 Billion (Source: cryptoslate.com/cryptos/stablecoin/)

    This sector is going to explode into mainstream
     
  10. Woke Monkey

    Woke Monkey Established Member

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    To put this into context, the RTGS Central Bank payment system processes around $600 Billion on a daily basis.

    Imo Stablecoin/Stablecoins as a domaining keyword is going to be huge. Good hunting Domainers.

    WM
     
  11. Woke Monkey

    Woke Monkey Established Member

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    According the US Treasury, SWIFT handles about $5 trillion per day, or given about 250 business days per year, about $1.25 quadrillion dollars a year.

    Similarly, CHIPS handles about $400 trillion per year.

    Fedwire handles around $900 trillion per year (most of both of these arise out of SWIFT messages).
     
  12. NameFu

    NameFu Professional Design Services VIP

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    StablecoinDebit - com
    StablecoinSlots - com

    Going for cheap if anyone is interested.
     
  13. Woke Monkey

    Woke Monkey Established Member

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    Total stablecoin supply is now at $9.68.

    $10 billion likely in the next couple of days.
     
  14. Woke Monkey

    Woke Monkey Established Member

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    Stablecoin trading volume has doubled in the last 24 hours to $104.57 Billion (Source: cryptoslate.com/cryptos/stablecoin/)

    sh**s getting serious
     
  15. NameFu

    NameFu Professional Design Services VIP

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    How about you Woke. You started this showcase thread. How about showcasing some of your own?
     
  16. Samer

    Samer Restricted (Chatroom) Blue Account

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    Woke want jump-start thread activity?

    Add the following words before your title;

    "Showcase your" or --"Showcase thread" after your title. Your choice.

    You've done enough to separate them from Cryptocurrency
     
    Last edited: Apr 30, 2020
  17. NameFu

    NameFu Professional Design Services VIP

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    He's asking in the OP if others have secured any domains, so I assumed it was a showcase thread like all the others in the niche domain category. This is a showcase thread as far as I'm concerned. I just wonder if he has any plans on joining the showcase or is he just here only to type the site up on Stablecoins.
     
  18. alcy

    alcy Top Contributor VIP

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    2020 will be crucial year for crypto and stable coins in terms of bank control. if the strict control measures go through, it should be the end of crypto and stable coins as it'll defy the very purpose and essence of decentralized private coins.

    there were already a few companies that shut down becasue of these stricter regulations. in their statement they said it is against the basis and principle of our companies to reinforce these anti privacy rules for our members

    read up on it on the net. 2020 should be huge for privacy, decentralization vs gov/bank control of things.

    govnts always want only one thing... control you... and their main tool to control us is money. so do the math and figure out how unhappy they are with cryptos.

    then again, some say crypto is nothing more thna govnt experiment on us.. before they make world wide digital cash.. would explain why tons of btc never moves regardless of prices and why nakamoto will never be known :)
     
  19. Woke Monkey

    Woke Monkey Established Member

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    I’ve held just one related Domain for quite some time which at this time I’d prefer to keep under my hat for a few reasons. Mainly because I don’t wish to jeopardise a potentially large sale by bringing unwanted attention to the Domain.

    I’ve been trying to secure several others, but as time goes on it’s becoming more and more difficult to agree on price so I’m exploring other avenues.

    With so much potential I thought this niche would of been teeming with activity. The numbers over the past few weeks speak for themselves.
     
  20. alcy

    alcy Top Contributor VIP

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    only one:
    stablecoin.info
     
  21. NameFu

    NameFu Professional Design Services VIP

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    But, isn't it a little hypothetical to start a showcase thread while refusing to showcase your own domains, for fear that you would jeopardize a sale, by attracting "unwanted" attention??

    People showcase discretely by posting only the name without the extention attached you know. People also post pics of text.

    What harm could showcasing a domain do to a sale, if you're willing to start a showcase thread, suggesting others do it??
     
    Last edited: May 1, 2020
  22. Samer

    Samer Restricted (Chatroom) Blue Account

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    Knowing him it's StableCoins.com and/or StableCoin.com

    He owes us nothing
     
  23. NameFu

    NameFu Professional Design Services VIP

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    My point was about the hypocrisy not owing anything. Also, if those are his domains (I doubt) you wrote them here already, so does it even matter? Lol...
     
  24. NameFu

    NameFu Professional Design Services VIP

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    He thinks that showcasing will harm his sales...but he wants you to showcase... My point is really simple and easy to understand.
     
  25. xynames

    xynames XYNames.com PRO VIP

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    WokeMonkey is posting (spamming) all over the internet at forums to promote this “new” cryptocurrency. That’s about it.

    I’d avoid all cryptos but bitcoin. Bitcoin is the only one institutions are interested in.
     
    Last edited: May 1, 2020

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