"Tether" TAG

Algorithmic Stablecoins: Value Propositions and Performance Indicators Beyond Peg Maintenance
  • research
Prior to the highly-publicized increased institutional interest in Bitcoin the blockchain industry is currently experiencing, much of the general public’s attention being paid to distributed ledger-based assets was drawn by stablecoins. The rapidly expanding asset class has drawn both praise and resistance from those assessing its potential role in the greater financial ecosystem, with proponents...
Contextualizing the STABLE Act
  • research
In the summer of 2019, Mark Zuckerberg testified before the U.S. House of Representatives, facing nearly-unanimous and atypically bipartisan criticism from legislators related to Facebook’s leading role in the development of the Libra stablecoin. The Libra network and digital asset—whose credentials as a blockchain and cryptoasset, respectively, have been perhaps appropriately criticized—were intended to facilitate...
Considering the Emergent Use Cases of Stablecoins
  • research
With the growing issuance and use of stablecoins, there has been increased attention within the industry on the exact application that such tokens are finding. Smith + Crown has previously commented on the use of Tether (USDT), USD Coin (USDC), and Dai (DAI). In this weekend’s dispatch, we turn to Ethereum-based Tether (USDT) specifically, as well...
Flipside’s Analysis of Stablecoin Use
  • research
Earlier this month, the blockchain and cryptoasset analytics company, Flipside Crypto published an analysis of three popular stablecoins, Tether (USDT), USD Coin (USDC), and Dai (DAI), categorizing how people used the stablecoins in Q1 2020. The analysis focused on the on-chain flows of the three stablecoins, looking exclusively at transfers between addresses on Ethereum, thereby...
Tether
  • research
Tether is a stablecoin originally issued on the Bitcoin blockchain’s Omni Layer that is designed to be fully-backed in a one-to-one ratio with the United States Dollar. Despite a somewhat contentious history, Tether has significance both as the earliest stablecoin to have a meaningful impact across the industry, and for retaining its size and centrality,...
Tether, a Pathbreaking yet Flawed Element of Crypto Market Infrastructure
  • research
Introduction Amongst the stablecoins in today’s cryptocurrency ecosystem, none are as widely known as Tether, a cryptocurrency based on the Bitcoin blockchain, via the Omni Layer, that is fully-backed in a one-to-one ratio with the United States Dollar (USD). Tether is prominent both as the earliest instance of a stablecoin–defined as a cryptocurrency maintaining a...