Post
Topic
Board Altcoin Discussion
Re: Your favorite stablecoin??
by
d5000
on 23/04/2018, 01:48:01 UTC
Quote
Ethereum is developing it's own stablecoin - World Trade Francs (WTF)
https://blog.ethereum.org/2018/04/01/announcing-world-trade-francs-official-ethereum-stablecoin/
Ethereum is developing its own stable coin? Never knew about this. Thanks for the information.
Haha, good one Grin Look at the date and the official ticker symbol ...

The Forbes article is quite bad (typical "contributor" level). They do not even mention Bitshares (already mentioned by CoinHoarder, NuBits, and the Steem dollar. I'm getting impression that the "author" thinks that crypto begun with ERC20 tokens  Roll Eyes  (in fact, Dai is pretty similar to BitShares).

Havven, however, was new to me. The system reminds me a bit of BItshares' "peer to peer collateral" but has some unique features like the transaction fees that add value to the collateral. However it seems still a system that relies pegs to fiat currencies (e.g. eUSD) and other "real world assets".

What is my favourite? For now, clearly Bitshares. NuBits has proven to be unreliable and the peg eventually collapsed, the Steem Dollar, in contrast, appreciated way too much for some time (so it became risky to buy it), and the centralized stablecoins (Tether et. al.) aren't really better than PayPal (only that you can track them on a public blockchain, but you can't track the reserves behind it). Dai and Havven can be competitors to BTS but we'll see if their pegs hold.