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The Commonplace DAO is Pioneering Stablecoins because the Requires Regulation Develop Louder – Cryptospacey

The Commonplace DAO is Pioneering Stablecoins because the Requires Regulation Develop Louder – Cryptospacey

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Regulated Stablecoins are coming

A stablecoin house is an important part of the cryptocurrency market infrastructure. It supports most of the house’s fiat-denominated trades, as well as a large number of the house’s largest number of decentralized finance protocols (DeFi). But due to its decisive nature, it has still endured a lack of transparency (assuming USDT) and careless hypotheses, the latter of which saw one of the largest algorithmic stablecoins, TerraUSD, collapse within weeks.

So it’s no shock that regulators are interested in seeing what can be done to stabilize the shaky house of sarcastic. For example, in response to a survey on stablecoin regulation in Could 2022, US Treasury Secretary Janet Yellen spoke specifically about the unbundling of the UST and called for stablecoin laws to be passed in the US by the end of 2022.

Since then, there have been proposals with one that might require tasks to create and maintain stable coins, with performance conditions that must be met. This could completely remove algorithmic stablecoins from the market and put a strain on centralized stablecoins. While this particular case is exclusively in the United States, many different jurisdictions want to rule the stablecoin house, and these voices could potentially get stronger as stablecoin demand grows.

So the question is, what can house innovators do to stay out of external regulations?

Enter TheStandard.io

For cryptographic stability, TheStandard.io proposes an over-insured dummy that encourages its customers to “lock” digital assets in a “vault”. These properties can then be used as collateral to collect loans without the prying eyes of minting tokens pegged to specific fiat currencies such as the dollar or euro. Debtors using this framework may even benefit from inflation as it would reduce their legal liability.

TheStandard.io will first launch sEURO, a stablecoin pegged to the value of the euro. Early donors get a 20% discount when buying sEURO as an incentive to launch and develop a stability pool. This particular pool can also be referred to as Protocol Managed Worth (PCV) which can be used as a reserve fund to buy and promote stablecoins always at its bound value. Initially, these early contributors will be able to “lock” EVM-eligible tokens, ETH, PAX Gold, wrapped BTC and USDC tokens, and extra.

In addition, liquidity building for sEURO/USDC or other pegged stablecoin will begin, allowing customers to deposit newly minted sEURO and stablecoins into The Commonplace DAO’s peg contract, which can be locked into the Uniswap liquidity pool. This would be an initial instrument to stabilize sEURO while ensuring that these early contributors are rewarded. Once established, the protocol will change to allow the minting of stablecoins pegged to various fiat currencies.

Sea Steading Pioneer and Constitution Metropolis Visionary Patri Friedman recently joined TheStandard.io as a corporate advisor.

Learn a particularly detailed model of how this course works This paper.

The demand for stablecoin continues to grow

The framework proposed by TheStandard.io would possibly be simply what the cryptocurrency house wants for several reasons. First, demand for cryptocurrencies and flip coins continues to skyrocket, and the highest stablecoin, Tether USD (USDT), has more than tripled in market capitalization since 2020. This has put USDT in an overwhelmingly dominant position, and its share is over. 90% of all stablecoin volume on any given day.

There are issues where USDT may now be a single level of failure, and combined with its historical lack of transparency, many in the crypto house are understandably fearful of the impact of a potential collapse on the house.

Additionally, the house has seen, with the collapse of TerraUSD taking $14 billion off the market, the impact of the algorithmic stablecoin market discussed below on in-house confidence. As this is arguably one of the fastest growing areas of the stablecoin house, countering it with a strong economics-based framework would potentially encourage experimentation with thorough applied sciences.

This could also be an important thing to appease the increasingly harsh regulation of stablecoins.

Want to learn more about The Commonplace? Check out their blog here.

Regulated Stablecoins are coming

A stablecoin house is an important part of the cryptocurrency market infrastructure. It supports most of the house’s fiat-denominated trades, as well as a large number of the house’s largest number of decentralized finance protocols (DeFi). But due to its decisive nature, it has still endured a lack of transparency (assuming USDT) and careless hypotheses, the latter of which saw one of the largest algorithmic stablecoins, TerraUSD, collapse within weeks.

So it’s no shock that regulators are interested in seeing what can be done to stabilize the shaky house of sarcastic. For example, in response to a survey on stablecoin regulation in Could 2022, US Treasury Secretary Janet Yellen spoke specifically about the unbundling of the UST and called for stablecoin laws to be passed in the US by the end of 2022.

Since then, there have been proposals with one that might require tasks to create and maintain stable coins, with performance conditions that must be met. This could completely remove algorithmic stablecoins from the market and put a strain on centralized stablecoins. While this particular case is exclusively in the United States, many different jurisdictions want to rule the stablecoin house, and these voices could potentially get stronger as stablecoin demand grows.

So the question is, what can house innovators do to stay out of external regulations?

Enter TheStandard.io

For cryptographic stability, TheStandard.io proposes an over-insured dummy that encourages its customers to “lock” digital assets in a “vault”. These properties can then be used as collateral to collect loans without the prying eyes of minting tokens pegged to specific fiat currencies such as the dollar or euro. Debtors using this framework may even benefit from inflation as it would reduce their legal liability.

TheStandard.io will first launch sEURO, a stablecoin pegged to the value of the euro. Early donors get a 20% discount when buying sEURO as an incentive to launch and develop a stability pool. This particular pool can also be referred to as Protocol Managed Worth (PCV) which can be used as a reserve fund to buy and promote stablecoins always at its bound value. Initially, these early contributors will be able to “lock” EVM-eligible tokens, ETH, PAX Gold, wrapped BTC and USDC tokens, and extra.

In addition, liquidity building for sEURO/USDC or other pegged stablecoin will begin, allowing customers to deposit newly minted sEURO and stablecoins into The Commonplace DAO’s peg contract, which can be locked into the Uniswap liquidity pool. This would be an initial instrument to stabilize sEURO while ensuring that these early contributors are rewarded. Once established, the protocol will change to allow the minting of stablecoins pegged to various fiat currencies.

Sea Steading Pioneer and Constitution Metropolis Visionary Patri Friedman recently joined TheStandard.io as a corporate advisor.

Learn a particularly detailed model of how this course works This paper.

The demand for stablecoin continues to grow

The framework proposed by TheStandard.io would possibly be simply what the cryptocurrency house wants for several reasons. First, demand for cryptocurrencies and flip coins continues to skyrocket, and the highest stablecoin, Tether USD (USDT), has more than tripled in market capitalization since 2020. This has put USDT in an overwhelmingly dominant position, and its share is over. 90% of all stablecoin volume on any given day.

There are issues where USDT may now be a single level of failure, and combined with its historical lack of transparency, many in the crypto house are understandably fearful of the impact of a potential collapse on the house.

Additionally, the house has seen, with the collapse of TerraUSD taking $14 billion off the market, the impact of the algorithmic stablecoin market discussed below on in-house confidence. As this is arguably one of the fastest growing areas of the stablecoin house, countering it with a strong economics-based framework would potentially encourage experimentation with thorough applied sciences.

This could also be an important thing to appease the increasingly harsh regulation of stablecoins.

Want to learn more about The Commonplace? Check out their blog here.

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