Stablecoins comparison*
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Independence from other stablecoins
This criterion assesses whether the stablecoin operates on its own unique protocols and backing assets, rather than being tied to or reliant on the performance or stability of other stablecoins.
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Direct rewards
Users earn continuous yields by simply holding YUSD, with no staking, lockups, or waiting periods required. Rewards from holding YUSD are perpetual and can be claimed at any time as they are accrued.
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Transparency on exchanges positions
Evaluates how openly and accurately a stablecoin's holdings, issuance, and operations are reported, especially in the context of exchange listings and reserves.
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Freedom from banking system
Indicates the degree to which a stablecoin's value and operations are independent from traditional financial and banking systems. This can involve the methods of collateralization or the mechanisms of value stability.
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Yield generation
The stablecoin incorporates a mechanism that enables income generation for individuals who hold or stake the currency, providing a potential source of passive earnings.
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Onchain audibiluty
Pertains to the ease and thoroughness with which the stablecoin’s transactions and backing assets can be audited using the blockchain. It is an important factor for transparency and security.
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Governance
Relates to the processes in place for making decisions regarding the stablecoin's future, changes to protocols, or any adjustments. It often involves how much influence token holders have on the network’s direction.
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Stability mechanism
Describes the method by which the stablecoin maintains its peg to a certain value, typically $1 USD. This could be through collateral, algorithms, or a combination of various factors.
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Programmability
The extent to which the stablecoin can interact with smart contracts and be integrated into various applications and platforms, allowing for automated and complex financial transactions.
Stablecoins comparsion*
-
Independence from other stablecoins
This criterion assesses whether the stablecoin operates on its own unique protocols and backing assets, rather than being tied to or reliant on the performance or stability of other stablecoins.
-
Direct Rewards
Users earn continuous yields by simply holding YUSD, with no staking, lockups, or waiting periods required. Rewards from holding YUSD are perpetual and can be claimed at any time as they are accrued.
-
Transparency on exchanges positions
Evaluates how openly and accurately a stablecoin's holdings, issuance, and operations are reported, especially in the context of exchange listings and reserves.
-
Freedom from banking system
Indicates the degree to which a stablecoin's value and operations are independent from traditional financial and banking systems. This can involve the methods of collateralization or the mechanisms of value stability.
-
Yield generation
The stablecoin incorporates a mechanism that enables income generation for individuals who hold or stake the currency, providing a potential source of passive earnings.
-
Onchain audibiluty
Pertains to the ease and thoroughness with which the stablecoin’s transactions and backing assets can be audited using the blockchain. It is an important factor for transparency and security.
-
Governance
Relates to the processes in place for making decisions regarding the stablecoin's future, changes to protocols, or any adjustments. It often involves how much influence token holders have on the network’s direction.
-
Stability mechanism
Describes the method by which the stablecoin maintains its peg to a certain value, typically $1 USD. This could be through collateral, algorithms, or a combination of various factors.
-
Programmability
The extent to which the stablecoin can interact with smart contracts and be integrated into various applications and platforms, allowing for automated and complex financial transactions.
Stablecoins comparsion*
-
Independence from other stablecoins
This criterion assesses whether the stablecoin operates on its own unique protocols and backing assets, rather than being tied to or reliant on the performance or stability of other stablecoins.
-
Direct rewards
Users earn continuous yields by simply holding YUSD, with no staking, lockups, or waiting periods required. Rewards from holding YUSD are perpetual and can be claimed at any time as they are accrued.
-
Transparency on exchanges positions
Evaluates how openly and accurately a stablecoin's holdings, issuance, and operations are reported, especially in the context of exchange listings and reserves.
-
Freedom from banking system
Indicates the degree to which a stablecoin's value and operations are independent from traditional financial and banking systems. This can involve the methods of collateralization or the mechanisms of value stability.
-
Yield generation
The stablecoin incorporates a mechanism that enables income generation for individuals who hold or stake the currency, providing a potential source of passive earnings.
-
Onchain audibiluty
Pertains to the ease and thoroughness with which the stablecoin’s transactions and backing assets can be audited using the blockchain. It is an important factor for transparency and security.
-
Governance
Relates to the processes in place for making decisions regarding the stablecoin's future, changes to protocols, or any adjustments. It often involves how much influence token holders have on the network’s direction.
-
Stability mechanism
Describes the method by which the stablecoin maintains its peg to a certain value, typically $1 USD. This could be through collateral, algorithms, or a combination of various factors.
-
Programmability
The extent to which the stablecoin can interact with smart contracts and be integrated into various applications and platforms, allowing for automated and complex financial transactions.
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