Even the village chief is asking how to make money with stablecoins, should I buy USDT?
Today, Messari released a 128-page report on the current state of stablecoins, and China Merchants Research Institute also issued a similar report. Now, if you don't mention stablecoins, you're embarrassed to say hello to people.
A lot of things have been learned in the report, and stablecoins can be divided into payment, transactional and income-based. Ha, so many other stablecoins?
Let's dive in!
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The main difference between the three stablecoins is that they have different types of assets and anchoring methods.
Most payments and transactions are still focused on compliance, usually 1:1 pegging endogenous assets such as UST or licensed assets such as DAI and USDC, but many people do not understand the yield type of stablecoins.
What is the "stability" of yield-bearing stablecoins? The answer is to link through arbitrage, redemption and dynamic fees, driven by the actual yield generated, 100% decentralized, if you find a closer concept, you want to hedge spot leverage.
It's too abstract, let's give you an example.
▰ Users deposit SOL into Jito to get JitoSOL
▰ Users mint USV with JitoSOL 0 interest
This results in the DeFi native stablecoin $USV, which can improve capital efficiency, generate real returns, be fully decentralized, and effectively combat de-anchoring. $USV is a set of yield-bearing stablecoin solutions made by @convergent_so, powered by two absolute giants on Solana, @jito_sol and @PythNetwork.
The magic is that $USV has not yet been launched, Convergent first launched a platform coin $CVGT, no presale, no VC, no lock-up, 100% fair launch, and the CA ends with pumps:
B7zNKphr8fjczB71oi9uF9pCd5XSNJvBn78TVF7kpump
I thought it was a local dog, but I checked that Jito and Pyth's official tweets have forwarded and interacted with, and I confirmed that it is true.
CVGT is a platform governance token, which can be regarded as a cold start, and I really haven't seen it anywhere else, I don't know if it's deliberately low-key or because of the rhythm. The previous pull up to $8m is now back to $2.4m, washing away. At present, the official push is active again, and it may be that USV is about to go online.
If the popularity of stablecoins continues unabated, as a yielding stablecoin supported by the two major gangster giants in the Solana ecosystem, $USV should take action, and the platform currency CVGT can benefit from the issuance and redemption fees of stablecoins, which is undoubtedly a huge benefit.
However, all innovations are not easy, and compared to those stablecoins that everyone understands at a glance, Convergent can pay attention to them.
This is a soft core science popularization, through this article you can understand the following knowledge:
▰ What is an yield-bearing stablecoin?
▰ How Convergent makes stablecoins
▰ Projects without VC are treated as local dogs (not
Author: anymose | A softcore science writer <全文完>
* This article is for popular science use only and does not constitute any investment advice, always remember DYOR!
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