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Stablecoin Interesting Facts

September 1, 2019
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Platforms

Based on Cryptoslate, 65% of all stable coins run on the Ethereum blockchain.

It shouldn’t be surprising because it is far easier to launch a stablecoin on Ethereum than on other blockchains.

How stable are stablecoins?

According to The Stablecoin Index, most are pretty close to $1 “most” of the time. The screenshot below shows the deviation in the past week which, ignoring the upper and lower extremes, ranges from 1.008 to 0.9971. That is pretty good.

Stablecoin Timeline

Here is a brief timeline of the birth of various stablecoins.

  1. Tether – Launched in July 2014 as Realcoin before changing their name to Tether in Nov 2014.
  2. Nu (Nubits.com), September 2014. Currently trading at $0.087. Failed.
  3. Corion October 2017
  4. MakerDAO, Dec 2017
  5. TrueUSD, Mar 2018,
  6. CarbonUSD, Sep 2018, first on EOS
  7. Gemini Dollar, Oct 2018
  8. USD Coin, Oct 2018 , Sep 26 2018, (From CENTER with founding members of Circle and Coinbase)
  9. Paxo, Oct 2018
  10. Alchemint, Sep 2018
  11. HonestCoin, USDH, Bitcoin Cash Network , Jun 2019, (https://news.bitcoin.com/honestnode-founder-discusses-the-first-stablecoin-built-on-bitcoin-cash/)

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