"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, a Pathbreaking yet Flawed Element of Crypto Market Infrastructure
  • research
Compounding this concern with how banks might view Tether’s capacity to be used anonymously for illicit activities is the question of the extent of Tether’s centralization. Tether claims to be a decentralized cryptocurrency, by virtue of existing with the Omni Layer upon the Bitcoin blockchain. However, evidence for Tether’s de-facto centralized nature can be seen...