![]() Tether is currently the third-largest cryptocurrency based on market capitalization, illustrating its vast popularity. The first stablecoin to enter the market was Tether in 2014, pegged to the US dollar. Most of the companies issuing stablecoins conduct third-party audits to prove that their reserves are at the correct levels and release this information to assure users that their coins are always worth $1 (or the currency-backed equivalent). These funds, also referred to as reserves, are either held in bank accounts or can be a combination of cash and short-term U.S. Using fiat-backed stablecoins as examples, the companies behind these coins are required to hold a US dollar equivalent for each coin in circulation (or Euro if the stablecoin is pegged to it). While we've established that stablecoins are pegged to a commodity and reflect that price, let's cover how exactly that is achieved. Rather the price remains consistent with the asset it is pegged to, providing a better tool for digital payment transactions. These currencies operate like any other cryptocurrency, using blockchain technology to maintain and operate the network, but do not fluctuate in value based on supply and demand. For instance, Tether is pegged to the US dollar while Tether Gold is pegged to the price of gold and Tether EURt is backed by the Euro. Backed by any currency or commodity, stablecoins are pegged to the value of their underlying asset and managed and secured by their relevant platforms. Stablecoins are digital currencies that harness the benefits of being a decentralized, blockchain-operated currency without volatility. In this article we establish what is a stablecoin is, how it fits into the financial landscape and explore the pros and cons of these digital currencies. After paying withness to the Bitcoin market swings, several individuals recognised this flaw in the digital currency space and created a solution, "the stablecoin". When the crypto markets go through high levels of market volatility they tend to get discredited with being a viable payment option. ![]() Market volatility is a natural byproduct of a developing market, however, it can also cause many losses if not managed correctly. While both these currency options tick those boxes, cryptocurrencies tend to also be followed by a dark cloud of volatility in the financial sector. So if you just have 2-3 different (major) coins this app is great.Whether dissecting crypto or fiat currencies, the foundations remain the same: the currency must serve as a store of value and function as a medium of exchange for goods and services. Not sure if they offer an API but maybe there is an other source for that data. More smaller coins like those traded on Latoken. You can't use the menubar for more than a few coins and always having to click in the menu to open the list is a bit annoying. Add a standalone window mode that could be displayed all the time instead of only menu bar. Maybe ask to donate some ETH or JSEcoins as users of this app would have some of them :-) Maybe you should offer this app for download on your webpage with a donate possibility (NO PayPal). ATM its free so its acceptable but I would like to pay a small amount / buy a usefull tool. Only distributed via AppStore and I hate any AppStore and would never buy any software there. Even better would be to select the currency for each coin individually. For example I would like to see all my coins in ETH but than ETH will be shown in $ and I can't select EUR for that. Not only be able to select the base currency but also the 'fallback' currency. ![]() ![]() ![]() There are only a few things I would like to see in a future update: The app itself is good and does what is stated in the description pretty well. ![]()
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