Talk:Stablecoin/Archive 1
 | This is an archive of past discussions. Do not edit the contents of this page. If you wish to start a new discussion or revive an old one, please do so on the current talk page. |
| Archive 1 |
Description on how Seigniorage stablecoins actually perform should be added.
It seems that while the first four categories of stablecoins have their methods described, the seigniorage method has no such support. — Preceding unsigned comment added by Dr-Bracket (talk • contribs) 01:58, 4 November 2018 (UTC)
Centralized vs. Decentralized
It looks to me like the centralized/decentralized dichotomy is false, and non-standard terminology. Commodity-backed crypto-currencies do not need to be stored in a centralized vault. The trust network technologies of Ripple and Stellar make decentralized backing possible. For example, people trade in XAG (troy oz silver), but depend on their trusted friends rather than central authorities for redemption. In short, the current typology falsely assumes that redeemable crypto-currency requires a central vault. No, it could be more like Bittorrent, with a multitude of vaults, where each person is his own bank. Maybe backed and unbacked stable currencies would be better terminology.PhilLiberty (talk) 02:01, 9 May 2019 (UTC)
The categorization in the cited article gives: 1. Fiat backed - redeemable in a government fiat currency 2. Commodity backed - redeemable in a commodity, e.g. silver or gold 3. Crypto-currency backed - redeemable in a basket of cryto-currencies 4. Non-government fiat - an adjustable algorithm and/or “Municipal Reserve Board” controls the quantity.
Here’s the article: https://masterthecrypto.com/guide-to-stablecoin-types-of-stablecoins/ PhilLiberty (talk) 04:49, 9 May 2019 (UTC)
Extended-confirmed-protected edit request on 24 June 2019
 | This edit request to Stablecoin has been answered. Set the |answered= or |ans= parameter to no to reactivate your request. |
Other kind of virtual coin is the Endocoin. Endocoin is an in-site virtual currency like Linden Dollar on the Second life and V-Buck ( Vindertech Bucks) on the Fortnite games. Those coins exist to satisfy the needs of the virtual environment for which they were created. 189.123.229.10 (talk) 01:34, 24 June 2019 (UTC)
Not done: it's not clear what changes you want to be made. Please mention the specific changes in a "change X to Y" format and provide a reliable source if appropriate. MrClog (talk) 10:17, 24 June 2019 (UTC)
Extended-confirmed-protected edit request on 27 June 2019
| | This edit request to Stablecoin has been answered. Set the |answered= or |ans= parameter to no to reactivate your request. |
Delete the last sentence from the introduction as the source (source 1, https://masterthecrypto.com/guide-to-stablecoin-types-of-stablecoins/) does not in any way refer to the term "unbacked". The definition of "unbacked stablecoins" may be wrong. JanSpörer (talk) 07:30, 27 June 2019 (UTC)
Done The article did not match the source in its description of backed and not backed stablecoins. I've reworded the lede and reorganized the sections within the article to match the source descriptions Orvilletalk 16:28, 30 June 2019 (UTC)- @JanSpörer: The requested edit has been made with further details above. Orvilletalk 16:29, 30 June 2019 (UTC)
Extended-confirmed-protected edit request on 28 August 2019
| | This edit request to Stablecoin has been answered. Set the |answered= or |ans= parameter to no to reactivate your request. |
Please link TrueUSD now that it has an article. It is mentioned under the "Fiat-backed" section Wjmelements (talk) 23:22, 28 August 2019 (UTC)
DoneTerrorist96 (talk) 23:41, 28 August 2019 (UTC)
History of stablecoins?
Needs a bit of history. Libra (cryptocurrency) has brought the term "stablecoin" into public discussion - David Gerard (talk) 17:53, 26 October 2019 (UTC)
Extended-confirmed-protected edit request on 6 June 2020
| | This edit request to Stablecoin has been answered. Set the |answered= or |ans= parameter to no to reactivate your request. |
Add USD Coin (USDC) to the examples of Fiat-backed stablecoins. Michael60634 (talk) 05:23, 6 June 2020 (UTC)
- Done, since it has an article - David Gerard (talk) 09:09, 6 June 2020 (UTC)
Extended-confirmed-protected edit request on 26 February 2021
| | This edit request to Stablecoin has been answered. Set the |answered= or |ans= parameter to no to reactivate your request. |
change: but if there is a central vault, they may be robbed, of suffer loss of confidence.[2]
to: but if there is a central vault, they may be robbed, or suffer loss of confidence.[2] 89.205.136.196 (talk) 09:03, 26 February 2021 (UTC)
Extended-confirmed-protected edit request on 21 April 2021
| | This edit request to Stablecoin has been answered. Set the |answered= or |ans= parameter to no to reactivate your request. |
{{subst:trim|1=
The article refers to Tether being unable to verify their dollar reserves. This has been proven to be untrue in the NYAG's lawsuit against Tether. I suggest that this section be removed.
Not done: please provide reliable sources that support the change you want to be made. ScottishFinnishRadish (talk) 22:15, 21 April 2021 (UTC)
Extended-confirmed-protected edit request on 24 May 2021
| | This edit request to Stablecoin has been answered. Set the |answered= or |ans= parameter to no to reactivate your request. |
under "Social advantages" - the referenced article lists these as potential "challenges/risk" NOT "benefits". please amend from "The Bank of International Settlements lists the possible *merits*" to "The Bank of International Settlements lists the possible *risks*", and the subheader from "Social advantages" to "Social disadvantages"
see pg.4 of https://www.bis.org/cpmi/publ/d187.pdf 170.148.244.20 (talk) 07:43, 24 May 2021 (UTC)
UST Crash
under "Failed and abandoned stablecoin projects" section UST crash still missing https://www.nytimes.com/2022/05/18/technology/terra-luna-cryptocurrency-do-kwon.html Wiped out the 40 Billion marked cap in under 2 weeks.. The crash was initialized by multiple immense withdrawals which lead to panic-selling. pretty historic
See also https://en.wikipedia.org/wiki/Cryptocurrency_bubble#Collapse_of_Terra-Luna https://en.wikipedia.org/wiki/Terra_(blockchain)#_Collapse
Extended-confirmed-protected edit request on 9 August 2022
| | This edit request to Stablecoin has been answered. Set the |answered= or |ans= parameter to no to reactivate your request. |
Change text in 'Criticism' section (X) to the revised text below this request (Y)
Existing Text
- The existing text is based on only one citation.
- The existing source is not recognised by Wikipedia's source rules (see Wikipedia:Reliable sources/Perennial sources#Sources).
- The existing text is based on a 2017/2018 understanding of the situation concerning Tether.
Revised Text
- The revised text provides greater balance in the Tether debate.
- The revised text is fully cited using the latest peer-reviewed research (as of 2022).
- The revised text uses perennial sources (all recognised according to Wikipedia's standards and guidelines).
. Amansaggu26 (talk) 17:34, 9 August 2022 (UTC)
Criticisms
Tether is currently the world's largest market capitalization stablecoin. It has been accused of failing to produce audits for reserves used to collateralize the quantity of minted USDT stablecoin[1]. Tether has since issued assurance reports on USDT backing, although some speculation persists[2]. Griffin and Shams' research attributed the creation of unbacked USDT to the rise in Bitcoin's price in 2017[3]. Following that, research indicated little to no evidence that Tether USD minting events influenced Bitcoin values unless they were publicized to the public by Whale Alert[4][5][6][7].
References
- ^ Faux, Zeke (7 October 2021). "Anyone Seen Tether's Billions?". Bloomberg. Retrieved 9 August 2021.
- ^ Emily, Nicolle (27 July 2022). "Tether Says There Is No Chinese Commercial Paper Among Its Reserves". Bloomberg. Retrieved 9 August 2022.
- ^ Griffin, John M.; Shams, Amin (15 June 2020). "Is Bitcoin Really Untethered?". The Journal of Finance. 75 (4): 1913–1964. doi:10.1111/jofi.12903. ISSN 0022-1082.
- ^ Saggu, A (1 October 2022). "The Intraday Bitcoin Response to Tether Minting and Burning Events: Asymmetry, Investor Sentiment, and "Whale Alerts" on Twitter". Finance Research Letters. 49: 103096. doi:10.1016/j.frl.2022.103096. ISSN 1544-6123.
- ^ Lyons, Richard K.; Viswanath-Natraj, Ganesh (17 April 2020). "Stable coins don't inflate crypto markets". VoxEU.org. Archived from the original on 24 May 2022. Retrieved 2022-07-04.
{{cite web}}:|archive-date=/|archive-url=timestamp mismatch; 14 May 2022 suggested (help) - ^ Ante, Lennart; Fiedler, Ingo; Strehle, Elias (1 July 2021). "The influence of stablecoin issuances on cryptocurrency markets". Finance Research Letters. 41: 101867. doi:10.1016/j.frl.2020.101867. ISSN 1544-6123.
- ^ Cai, Justin (18 November 2019). "Data Analysis: Tether Manipulation Did Not Cause Bitcoin's 2017 Bull Run". Longhash Research. Archived from the original on 24 January 2021. Retrieved 18 July 2022.
- Done * Pppery * it has begun... 21:33, 17 August 2022 (UTC)
Extended-confirmed-protected edit request on 19 August 2022
| | This edit request to Stablecoin has been answered. Set the |answered= or |ans= parameter to no to reactivate your request. |
See Also
--Treehorn 1991 (talk) 16:01, 19 August 2022 (UTC) Treehorn 1991 (talk) 16:01, 19 August 2022 (UTC)
Extended-confirmed-protected edit request on 21 October 2022
Under the subsection "Fiat backing," the phrase "which is held by a third-party–regulated financial entity" should be removed, as it implies a level of oversight that simply does not exist here. It's misleading for people without background knowledge of financial systems and regulation. 2600:6C5A:1CF0:85D0:ED46:4AAD:6370:FC63 (talk) 12:54, 21 October 2022 (UTC)
Please add link to MiCA legislation
Markets in Crypto-Assets legislation from EU is being implemented pn stablecoins. Please add a new Regulation heading and a paragraph:
The European Union passed the Markets in Crypto-Assets regulation (MiCA) in 2022. Regulations on stablecoins were expected to take effect in June 2024 and those affecting crypto asset service providers in the following December.
Ref: https://www.ft.com/content/78ebd5f9-dbb1-4dc6-84a8-1f8347bec535
Thank you. Yankinthebank (talk) 11:42, 5 July 2023 (UTC)