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A review of the 100th most popular cryptocurrency
USDS Stablecoin by Stably Launches on Harmony | What could possibly go wrong...
Chia just released native peer-to-peer trading and here's why this is a big deal for crypto
More than 80% of BTC and ETH trades are done using USDT. So the fall of Tether could prove catastrophic for the market
Kolibri algorithmic stablecoin now live on Tezos mainnet
Mentions
Under Obama Joe Biden was the VP and he was responsible for executing the USDS (renamed DOGE under Trump). He had from 2014 through 2016 to start removing the wasteful spending and fraud! As the President Joe Biden had 4 years! But somehow our government is riddled with corruption and fraud and I wonder how much Bitcoin plays into that corruption?! Just because the price went up doesn’t mean it was a good thing!
Agreed, OPs strategy is unnecessarily complicated. Just keep a balance in Dai/USDS/USDT/USDC and then deposit into Binance whenever you want to trade for fiat. The employer can just keep a balance on Coinbase or have their own stablecoin balance in their private wallet, and send it directly to OPs wallet.
Here is the legal answer: DOGE does not need to be approved by Congress, because it is part of the Executive Office of the President. President Obama, in 2014, used an executive order to create an office within the Executive Office of the President called United States Digital Services, whihc has been running since then (without Congressional approval) through the remainder of the Obama administration, the Trump 45 administration, and the Biden administration. This is perfectly legal, because the President has broad authority to structure the White House staff as he pleases. By Executive Order this January, President Trump 47 declared that the United States Digital Service was renamed to be the United States DOGE Service. The executive order went on to direct all agency heads to take all necessary steps, in coordination with the USDS Administrator, to ensure USDS has full and prompt access to all agency records, software systems, and IT systems. So, legally, DOGE represents the same general sort of authority that, say, the White House Chief of Staff has. If you ever watched The West Wing, for instance, you might recall that Leo McGarry, played by John Spencer, wielded a great deal of influence in the administration — even though, legally, the source of his authority was “I’m telling you what the President wants done,” as opposed to “I am ordering you to do this because I want it done.” Of course, seldom did people go back and check with President Bartlett whether Leo was really speaking for him. In other words, the source of authority of DOGE is “We have the President’s ear,” and “We’re telling you what the President wants done.”
In the case of uncollateralized loans, while no specific physical asset may be pledged as collateral, the money issued is still tied to an obligation that is enforceable through the borrower’s future earnings or assets. In essence, the loan is still linked to the borrower’s ability to pay it back with real-world value, such as income, labor, or property. Cryptocurrencies, on the other hand, like USDS/DAI or any other stablecoin, are not backed by any real-world obligation or real-world asset. When USDS/DAI are minted, they are created digitally within a closed system and are essentially a representation of debt within that system. But they still don’t anchor to anything external like houses, land, or tangible goods. This means that, while there might be a promise of repayment, there’s no actual collateral or tangible asset that’s tied to the creation of those tokens. In other words, they still lack a reference point in the real world for comparison with goods and services. The rest is irrelevant to the core issue. The concept of money pre-dating banking doesn’t negate the requirement that, for something to function as money, it must have an external reference point that connects it to real goods, services, or assets. Historically, money (whether it was metal coins, shells, or other early forms) was often tied to physical assets, such as precious metals or land. Even if it wasn’t issued by a formal bank, it still had an external reference point - gold, silver, or something tangible. These early forms of money were still able to act as a unit of account, a store of value, and a medium of exchange because they had something in the real world they could be compared against, like a piece of land or goods in trade. Cryptocurrencies, however, fail this test. Whether or not money existed in the form we understand today prior to 1688 or the advent of banking is beside the point. The key feature of money has always been that it connects to something real, something outside the currency itself. Cryptocurrencies, even stablecoins like USDS or DAI, fail this test because they only exist within a closed digital system with no direct connection to physical goods or real-world assets. They don't serve as a unit that compares to a house, car, or any other real-world commodity. The goalposts aren’t moving - they’ve been the same all along: for something to function as money, it must have a reference point in the real world, and cryptocurrencies do not meet that criterion.
>In a traditional bank system, when a loan is issued, the creation of fiat currency is backed by something real: assets like land, buildings, or productive resources. These assets act as collateral, and if the loan defaults, the physical property is liquidated, removing currency from circulation. This creates an external anchor that allows fiat currency to have a reference point - something tangible or meaningful in the real world. No that is not universally true. There are plenty of uncollateralized loans for example signature loans or credit cards. >Now, consider GHO or USDS: these are digital tokens, and while they may be minted as part of a loan, they do not establish a meaningful connection to any real-world assets or goods USDS supports minting money based on real world assets. Every time you keep moving the goal posts you are still wrong.
While it’s true that platforms like Aave and the issuance of stablecoins like GHO or USDS (formerly DAI) can create new units tied to loans, this still doesn't address the key issue: lack of an external reference point. Here’s why: In a traditional bank system, when a loan is issued, the creation of fiat currency is backed by something real: assets like land, buildings, or productive resources. These assets act as collateral, and if the loan defaults, the physical property is liquidated, removing currency from circulation. This creates an external anchor that allows fiat currency to have a reference point - something tangible or meaningful in the real world. Now, consider GHO or USDS: these are digital tokens, and while they may be minted as part of a loan, they do not establish a meaningful connection to any real-world assets or goods. The creation of these tokens doesn’t "anchor" them to anything tangible in the way that fiat money is tied to real-world property, land, or debt backed by actual goods or services. These stablecoins are merely digital representations of value within a closed system. When they are destroyed upon repayment, the only thing that changes is the digital ledger; no real-world property or collateral is being "redeemed" or taken out of circulation in any physical sense. To put it simply: creating GHO or USDS as part of a loan system doesn’t make them money in the traditional sense because it doesn’t connect them to real-world, tangible assets. Just like how Monopoly bills can be created and destroyed within the confines of a game without any reference to real-world value, the minting and burning of these stablecoins doesn’t anchor them to anything outside their own system. They remain digital markers in a closed-loop system, not money that can be used to measure or purchase real goods or services. The key difference between cryptocurrency systems like this and real-world money is that cryptocurrency doesn’t have a clear, external reference point to measure its value against, unlike fiat, which is tethered to real-world collateral.
>Let's me educate you. In a real-world loan system, when a bank issues a loan, it creates new fiat currency units that enter circulation. This exists in aave as well. GHO (a USD based stable coin) can be minted into existance as part of a loan. When the loan is repaid it is destroyed. Similar system exists for USDS (formerly called DAI). So thank you for proving cryptocurrencies are money (by your asinine definition).
As far as I know Jump was originally behind wormhole until around 1.5 years ago. After the terra collapse Jump gradually exited the crypto space and already finished it more than a year ago. The fine caught up to them only recently because courts are slow. Take all this with a grain of salt, I only heard this rumor from a few people that work for teams that integrate wormhole for various reasons. With regards to wormhole - in my view they've turned things around quite a bit. If you look at their GitHub they've had an astonishing number of audits for all components since the hack and implemented a lot of security features. Uniswap is using them for their cross chain governance, Maker/Sky integrated then to bring USDS cross chain, and now Securitize is onboarding. These are pretty big players
Idk why everyone's complaining about alts. My USDS is holding up well.
My USDS bag is holding up nicely through this crash
Maker is one of the early DeFi tokens, the governance token for MakerDAO, which oversees the Dai stablecoin. It's been largely transitioned to Sky, which oversees the USDS stablecoin, but because Dai is still used, the Maker token continues to exist as a vital part of the Dai stability system.
USDS IMO, the new DAI token and is regulation secure (To my knowledge)
yeah and people have "worried" for almost a decade, there is no "interesting part" here. Just an outdated chain trying to catch up to the competition. Besides Tether you also have USDC, and besides USDC you also have USDS and all of those have far more use on the networks in which they reside compared to what RLUSD would theoretically have.
like... who cares at this point? We have Tether, we have USDC, we have USDS (formerly DAI), we have PYUSD, we have Visa doing billions of dollars in stablecoin settlements already. And it's on a network that doesn't even have smart contracts... [we've seen what happens when stablecoins don't have defi.](https://www.coindesk.com/business/2023/08/17/tether-stops-support-for-bitcoin-layer-omni-citing-lack-of-demand) I'd hope demand here would be higher, but I imagine it being much lower relative to any other option.
launch of Hyperliquid, the brief resurgence of NFTs and what will possibly be the the biggest NFT marketplace airdrop from Magic Eden, the rise of AI agents in crypto, Maker rebranding to Sky and DAI rebranding to USDS and their launch on Solana, Messari recently released all of it's Q3 reports, Eigenlayer and Ethena, and Warpcast were three of the biggest new protocols on ETH and never got talked about here, DeSCI narrative started to get hot with the launch of pump.science . just a few ideas
Mostly Aave and compound v3. Currently I farm rewards on USDS (the new version of DAI) which pays 14% APR in SKY tokens rn (I just sell them for more stables). I also have some in crypto com app earn for 15% in their 3 month lock, but would only put what you can afford to lose there since its a centralized thing, could pull a celsius. The max is only 500k and its convenient to use the weekly interest to top up my card. But in general I just try to find good enough farms in defi protocols, The rates are high during bull markets like right now but can be a lot lower in boring markets. I have been doing this for over 5 years so I think I have a feel for the safety of protocols and can write bots that handle emergency withdraws if there is any trouble, but only needed to do this once in those years.
tldr; Sky, formerly known as Maker, has launched its USDS stablecoin on the Solana blockchain to enhance the decentralized finance (DeFi) ecosystem. USDS is the first major DeFi-native stablecoin on Solana, aiming to boost liquidity and total value locked. Sky plans to introduce a crosschain bridge for USDS and its savings version, sUSDS, pending governance approval. To encourage adoption, Sky offers rewards for early adopters and liquidity providers. USDS is the third-largest stablecoin by market cap, following Tether and USD Coin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Sky's USDS stablecoin, formerly known as DAI, has expanded beyond the Ethereum blockchain to deploy on Solana. This move marks USDS's transition to a multi-chain presence, aiming to leverage Solana's fast processing speeds and low transaction costs. Sky has partnered with Solana-based DeFi platforms like Jupiter, Orca, Kamino, and Drift, offering over 300,000 USDS in weekly liquidity incentives to boost adoption. USDS is the third-largest stablecoin by market cap, following Tether's USDT and Circle's USDC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Oops, I meant for stables. Using Bitcoin, Ethereum, or anything asset that moves in price is just not practical for everyday spending. I really want to pay using a mobile wallet with USDC/DAI/USDS/etc. Once this happens is when we are able to transition fully onchain. A good argument of why this isn't a thing yet I came across from Circle (USDC) is due to privacy concerns. Businesses don't want to have their wallets and balances shown to the world wide web.
They claim MKR and DAI will continue separate from SKY and USDS, aside from a unidirectional conversion mechanism. They also claim the freeze feature might not go live. Seems shady AF
>Or maybe give fintechs like Circle a Fed master account and see what they do with it? Yea there's the truth and I call USDC, USDS, and TUSD having this designation. As for USDT I have a feeling it's really a stablecoin with a Chinese master account with the CCP and completely collaterized by the BRICS. Now that is the art of an educated guess 😉.
Still Low cap so lots of room to grow. If it reaches top 50 -> 10.85 USDS if top 20 -> 39.82 if top 10 -> 99.00 ( currently it is doge )
It will fall again and never go back up. USDC is a bigger scam than USDT. Use TUSD, USDS, and if you have to USDT. USDC is the biggest honey pot in crypto. You have been warned.
Ever heard of USDC, USDS, and USDA? Thats programmable money right there. All that is needed to turn those into CBDCs is for The FED to officially merge with the Corps that developed the tech. Pretty much paper work for whats already here.
I invested in all the Networks (Utility Coins) that support Circle's USDC & Stably's USDS. Tron, Stellar, Proton Chain, Solana.
The Biden Administration would bail them out. If your worried then Hedge with Stably USDS.
It's the precursor to the Stellar Lumen and Stellar Network that is supported by Moneygram, USDC, & USDS. Research the history of both the XRPL and Stellar.
Stellar-Xlm, Cosmos-Atom, Circle USDC, & Stably USDS are the best so far for transfers.
tldr; Stably is proud to announce the native launch of Stably USD (USDS), our USD-backed and regulatory-compliant stablecoin, on the Harmony public blockchain. USDS is also Harmony’s first natively-issued stablecoin and the first product release as part of an ongoing collaboration between both Stably and Harmony. Users from 200+ countries worldwide can now mint/redeem USDS using a variety of payment methods via Stably Prime. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Thats why I only buy pow coins that had no ico and proof of stake coins with their own DEX that USDC and USDS have deployed on.
USDS, collateralized by SHIB, collateralized by dog NFTs
Fuck it, opened a position on Sperax ($SPA) tonight. It have dumped from 0.2 down to 0.0055. Its a gamble so do not follow me if you are not a degen gambler like myself, but the stable coin it follows ($USDS) have been rock solid during the dump. So unlike the trash Terra Luna, I have more faith in Sperax.
I lost my 1.7 BTC in the Mt.Gox days and haven't kept up, but the one that I've poured a lot of time into is Chia. Very decentralized, nakamoto concensus. It's basically bitcoin if it had a safe smartcontract language. ETH fails because solidity isn't safe and going to proof of stake will centralize it. Chia added offers, where you can just post a proposed trade as a text file and someone else can accept, no counterparty risk, no escrow. Direct peer to peer trades. All crypto prices will be volatile, but there are fiat backed USD Stablecoins on Chia (called USDS) It's up 20% this month, where everything else has crashed. It needs a lot more adoption but it already has national governments with Chia wallets doing this World Bank Climate Warehouse thing that tried ETH and a few others, but switched to Chia and that's working in testing now and going live later this year. But I have bags, so do your own research.
Your so full of shit lmao. Vethor Token is so essential it's not even funny. Anything USDS is running on will print money. The more VET you have the more Vethor you generate. So your out here scaring people. F*cking pathetic.
Can’t wait for the day USDS overtake USDT in marketcap
Also USDS. On the Chia Blockchain, you fully own the tokens and they cannot be seized or frozen by the contract owner.
In the link a person below explains it even better. A user sends 1 BTC to ETH network to swap or whatever. Then I pay you my ETH and you pay me your BTC. But if I am the attacker I can roll my ETH payment and the BTC chain is unaware you didn't receive your ETH conversion. I keep both and transfer out to SOL for my payments or USDS (in the hackers case he already converted some of it).
Any SPA (Sperax) holders? Part of the USDS Arbitrum stablecoin
https://www.chia.net/buy-xch/ That’s the best way at this time. Note that USDS will not be available for withdrawal to Chia wallets from Stably until the 17th.
tldr; Chia Network has announced the launch of Offers, its first native, peer-to-peer exchange capabilities for anyone with a Chia wallet. Chia also announced a partnership with Stably to launch USDS, the first dollar-denominated stablecoin to arrive on Chia Network. Stably will be making available wrapped bitcoin and wrapped ether on the Chia blockchain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Perhaps the bigger issue is HOW it is collateralized? If these USDC and TETHER loans are “fully collateralized” with USD it would be “safe” as long as USD doesn’t collapse (probably a safe bet for the time being) HOWEVER the collateral IS NOT USD, as there isn’t a digital USD at the moment. So the collateral is… surprise surprise… OTHER crypto. I lock up 1BTC as collateral for a 50k USDC loan, thus if USDS loses its pegging (for any reason) or if BTC drops you have a sudden - and substantial liquidity problem. That problem cascades into other crypto’s as - the collateral no longer exceeds the debt obligation. I underhand this is not necessarily intuitive to some, but I DO this anyone looking to make those heady rates, educate themselves in the fundamental risk here. And I choose that term specifically - as it OS fundamental TO the rate. Why else can you pull down 1000 basis points? Risk. Taking on risk that many people THINK is without risk. USDC is not FDIC insured. Neither is TETHER.
I believe the most valid explanation for the fall of Evergrande to affect crypto, would be a global recession, as a global recession usually triggers investment withdrawals to reduce potential loss. However, it's not at all certain that Evergrande will trigger a global recession. It's not even certain it'll trigger a recession in SE Asian economies. But - then there's the fear aspect; or FUD (fear, uncertainty and doubt). It's a bit like the Prisoner's Dilemma. Imagine that a person has a lot of money tied up into crypto. This person cannot themselves see that Evergrande should/could affect crypto prices at all - but this person suspects that other believe so. And thus, this person might decide to sell - either to reduce potential loss, or as a strategy to buy back in at a cheaper price level. So it's not about what you and I believe - it's about what we guess that the holders of the majority of crypto value believe. If we feel sure that they will have "weak hands", then we should consider to pull our investments out and rebuy at a lower price level. The thing is; I'm not sure at all. I'm more scared to sell now and then the price soars to 50k+ and I'd be left with less crypto in the end. So for me, the best strategy to avoid this, is DCA. Well, I do pull some in stable coins (BUSD, USDT, USDS etc.). Around 20-30% of my holdings. This way, I get a bit of both if things work out and I'm not that exposed to huge losses if they don't.
Just so we're clear, you're saying if the price of BTC goes down with a $5M USDS-M long position active (x50 on $100k, not $10k I believe you meant), Binance will sell off $5M worth of BTC?
Don't forget... European Central Bank (ECB) used the Tezos DLT (not eth, sol, ada) for the Digital Euro experiment. Société Générale,third largest bank in the European Union by assets, created the digital Euro coin Lugh in collaboration with PwC using the Tezos DLT. Caisse des Dépôts et Consignations (CDC), the CDC is a public financial institution under the control of the French Parliament described as the “investment arm” of the French State. They are working with BNP Paribas (largest European bank by assets) in using the Tezos DLT for creating and issuing digital securities and regulatory compliance for the European Union. The Tezos DLT currently has over 3 billion USD of real estate and security assets “digitized” on the network. Examples include the St. Regis Resort in Aspen, Colorado and BNP Paribas (largest European bank by assets) to create a digital security investment fund with Logical Pictures called logical content ventures for the film industry. Tezos DLT is also being used by the city of Reno, Nevada to “digitize” public city property and Burning Man “Space Whale.” McLaren and Red Bull Honda Formula One racing to develop digital art memorabilia on the Tezos DLT. AUDI, BMW, Daimler, and Porsche are using the Tezos DLT as part of their infrastructure for their "full automation SAE 5" self-driving cars experiment. OneOf, a Quency Jones’s company, which enables people to own, trade, and self-custody music related NFTs on the Tezos DLT. Company has 63 million USD in venture backed capital. H=N, Truesy, and Kalamint, are companies which enable ownership, trade, and self-custody of “digital art” on the Tezos DLT. Ipocamp, a company that utilizes the Tezos DLT to protect personal and business documents, photos, and videos. USDC (Circle) and USDS (Stably), are companies which issue digital dollar stablecoins on the Tezos DLT. DigiSign, a company which enables digital signatures using the Tezos DLT which can be utilized to sign digital documents. Spruce, Tezos Profiles, Gravity, and Talao are companies utilizing the Tezos DLT for digital identification. Interpop, a company that is creating digital comic books utilizing the Tezos DLT that you can own and self-custody. Tezos DLT is being used by the following entities to create digital securities: BNP Paribas (largest European Bank by assets), Société Générale (third largest European Bank by assets), BTG Pactual (largest investment bank in Latin America), tZERO (overstock.com subsidiary), Tokensoft, Equisafe, Securitize, Fundament Group, Inveniam, Alliance Investments, Andra Capital, Globalcap, QR Capital, Vertalo, Sustain Exchange, Elevated Returns, Taurus Group, Baanx, Tokeny, and more. Tezos DLT also being used by the following government entities: National Information Agency (NIA) in Korea for digital identities, various cities in Switzerland and France for voting/digital currencies, and the French Army’s Gendarmerie’s cybercrime division (C3N) in collaboration with Europool to authenticate judicial expenses for investigations.
Hi man. I've been using binance card for a while. It depends if you live in US or EU. I will give you an informed advice assuming you live in EU. If you live in EU, there is literally no reason to not use these cards since (as far as I know) no EU bank has cashback system. I will give you a comparison of 3 cards available in Spain for example and you'll see why I concluded binance card is the best. Binance: Issuing fee = 0€ Crypto payment fee = 0.9% Euro payment fee = 0 Cashback: 0.1% (default); 2% if you hold 1BNB (340euros at time of writing) for >1 month; 3% if you hold 10 BNB... up to 8% Coinbase: Issuing fee: 5 euro Crypto payment fee = 2.4% There is no payment with FIAT option. Payment with USDS has a fee of 0% but it's unavailable in Europe Cashback: 4% (in XLM) Crypto.com Issuing fee: 0 as far as I know. But you need to hold CRO tokens for 180 days Crypto payment fee = unknown (I just can't find info, plz help) Cashback = 1-8% if you hold 0 or 400000 usd worth of CRO for >6 months Now I assume you're just an average joe like me and you are not willing to hold more than 500 euros of some weird token. --------- Now imagine if you use this card to pay with euros. Binance: you get 0.1% cashback or 2% cashback if you have 1 BNB. Coinbase: Can't pay with FIAT Crypto.com: 1% cashback or 2% cashback if holding >400$ of CRO for >6 months --------- Now if paying with crypto: Binance: 0.1 or 2% cashback minus conversion fee = -0.8% or 1.1% Coinbase: 4% cashback minus conversion fee = 2.6% Crypto.com: I really don't know. They don't disclose their crypto liquidation fees. Have in mind that in order to have crypto you'll probably want to buy crypto from the platform. Binace charges a fee of 0.1% or less for that and coinbase (pro) charges 0.5%. huge difference. So having that in mind the crypto payments net reward will be -0.9 to 1% for binance and 2% for coinbase. Having that in mind, if you're in Europe and use Binance card for regular payment (in euro), you basically get 0.1 to 2% discount on every purchase you do. So it's a no brainer. Coinbase would be better for spending crypto... But why would you do that if you can just convert your desires crypto to euro on binance and spend euro? Also maybe crypto.com has better rates than binance but 1st, I don't trust companies that don't disclose their rates clearly and 2nd I'm not willing to hold CRO for 180 days just to be able to order the card (what if I find out that it has shitty rates after waiting 3 months?). And anyways even if fees are 0, you would need to stake 400$ worth of CRO for 6 months to have a cashback rate superior to Binance.
No you dont. USDS is 3% and with the incentives in aave or matic you end up being PAID to borrow
wish they could add more USDS/x pairings on binance :( I have some decent USDC pocket money but in order to buy some cryptos I have to change it to USDT because there aren't any USDC pairing equivalent :(
This is a condensed version of everything that’s going on with Tezos right now. On-chain activity is exploding recently from DeFi and NFT activity: https://better-call.dev/stats/mainnet/general Tezos is offering DeFi, NFTs, Smart contracts, formal verification, massive war chest of $2 billion+, all under the extremely flexible on chain government structure so that it will always remain cutting edge with new technology. It’s using every other project as a test net for ideas and absorbing all the goods ones. Quick stats: Devs working in the Tezos ecosystem: 1500+ Wallet addresses: 1 million+ Contract calls in April: 1 million+ Active validators: 400+ DEFI platforms: Quipuswap, Dexter, Kolibri, Tezos finance, wrap protocol, SEXP (coming soon) NFT platforms: Hic et nunc, Kalamint, Bazaar market, opensea (coming), Tzcolors, Tezauction, Radion fm Companies issuing STO´s on Tezos: Fundament, globacap, tzero, tokensoft, BTG pactual, vertalo, REI capital, Alliance investment, QR capital, elevated returns, Dealbox, ROI group, Societe generale, Aqarchain, Equisafe, Baanx, Andra capital, logical pictures and more. Stable coins on Tezos token standards: USDS, Usdtz, Kusd, Euro Lugh, checker, gold and silver pegged tokens. Token standards: Nyx standard, Fa 1.2, Fa 2 Oracles on Tezos: Harbinger, chainlink, wolfram Decentralized identity: Spruce systems, gravity Block explorers: Tzstats, tezblock, tzkt, Arronax, mininax lol Other projects: Tezos domains, Tezdice, Homebase, Electis, werenode, Baking bad, crictez, buttonists, Envited ecosystem, kiln Corporate bakers: Wakam, Exaion, Ubisoft
This is a condensed version of everything that’s going on with Tezos right now. Makes me pretty upbeat. On-chain activity is exploding recently from DeFi and NFT activity: https://better-call.dev/stats/mainnet/general Tezos is offering DeFi, NFTs, Smart contracts, formal verification, massive war chest of $2 billion+, all under the extremely flexible on chain government structure so that it will always remain cutting edge with new technology. It’s using every other project as a test net for ideas and absorbing all the goods ones. Quick stats: Devs working in the Tezos ecosystem: 1500+ Wallet addresses: 1 million+ Contract calls in April: 1 million+ Active validators: 400+ DEFI platforms: Quipuswap, Dexter, Kolibri, Tezos finance, wrap protocol, SEXP (coming soon) NFT platforms: Hic et nunc, Kalamint, Bazaar market, opensea (coming), Tzcolors, Tezauction, Radion fm Companies issuing STO´s on Tezos: Fundament, globacap, tzero, tokensoft, BTG pactual, vertalo, REI capital, Alliance investment, QR capital, elevated returns, Dealbox, ROI group, Societe generale, Aqarchain, Equisafe, Baanx, Andra capital, logical pictures and more. Stable coins on Tezos token standards: USDS, Usdtz, Kusd, Euro Lugh, checker, gold and silver pegged tokens. Token standards: Nyx standard, Fa 1.2, Fa 2 Oracles on Tezos: Harbinger, chainlink, wolfram Decentralized identity: Spruce systems, gravity Block explorers: Tzstats, tezblock, tzkt, Arronax, mininax lol Other projects: Tezos domains, Tezdice, Homebase, Electis, werenode, Baking bad, crictez, buttonists, Envited ecosystem, kiln Corporate bakers: Wakam, Exaion, Ubisoft
Here are plenty of other use cases for you: DEFI platforms: Quipuswap, Dexter, Kolibri, Tezos finance, wrap protocol, SEXP (coming soon) NFT platforms: Hic et nunc, Kalamint, Bazaar market, opensea (coming), Tzcolors, Tezauction, Radion fm Companies issuing STO´s on Tezos: Fundament, globacap, tzero, tokensoft, BTG pactual, vertalo, REI capital, Alliance investment, QR capital, elevated returns, Dealbox, ROI group, Societe generale, Aqarchain, Equisafe, Baanx, Andra capital, logical pictures and more. Stable coins on Tezos token standards: USDS, Usdtz, Kusd, Euro Lugh, checker, gold and silver pegged tokens. Token standards: Nyx standard, Fa 1.2, Fa 2 Oracles on Tezos: Harbinger, chainlink, wolfram Decentralized identity: Spruce systems, gravity Block explorers: Tzstats, tezblock, tzkt, Arronax, mininax Other projects: Tezos domains, Tezdice, Homebase, Electis, werenode, Baking bad, crictez, buttonists, Envited ecosystem, kiln Corporate bakers: Wakam, Exaion, Ubisoft
We should be. This is a condensed version of everything that’s going on with Tezos right now. On-chain activity is exploding recently from DeFi and NFT activity: https://better-call.dev/stats/mainnet/general Tezos is offering DeFi, NFTs, Smart contracts, formal verification, massive war chest of $2 billion+, all under the extremely flexible on chain government structure so that it will always remain cutting edge with new technology. It’s using every other project as a test net for ideas and absorbing all the goods ones. Quick stats: Devs working in the Tezos ecosystem: 1500+ Wallet addresses: 1 million+ Contract calls in April: 1 million+ Active validators: 400+ DEFI platforms: Quipuswap, Dexter, Kolibri, Tezos finance, wrap protocol, SEXP (coming soon) NFT platforms: Hic et nunc, Kalamint, Bazaar market, opensea (coming), Tzcolors, Tezauction, Radion fm Companies issuing STO´s on Tezos: Fundament, globacap, tzero, tokensoft, BTG pactual, vertalo, REI capital, Alliance investment, QR capital, elevated returns, Dealbox, ROI group, Societe generale, Aqarchain, Equisafe, Baanx, Andra capital, logical pictures and more. Stable coins on Tezos token standards: USDS, Usdtz, Kusd, Euro Lugh, checker, gold and silver pegged tokens. Token standards: Nyx standard, Fa 1.2, Fa 2 Oracles on Tezos: Harbinger, chainlink, wolfram Decentralized identity: Spruce systems, gravity Block explorers: Tzstats, tezblock, tzkt, Arronax, mininax Other projects: Tezos domains, Tezdice, Homebase, Electis, werenode, Baking bad, crictez, buttonists, Envited ecosystem, kiln Corporate bakers: Wakam, Exaion, Ubisoft
Tezos. https://better-call.dev/stats/mainnet/general Tezos is offering DeFi, NFTs, Smart contracts, formal verification, massive war chest of $2 billion+, all under the extremely flexible on chain government structure so that it will always remain cutting edge with new technology. It’s using every other project as a test net for ideas and absorbing all the goods ones. Quick stats: Devs working in the Tezos ecosystem: 1500+ Wallet addresses: 1 million+ Contract calls in April: 1 million+ Active validators: 400+ DEFI platforms: Quipuswap, Dexter, Kolibri, Tezos finance, wrap protocol, SEXP (coming soon) NFT platforms: Hic et nunc, Kalamint, Bazaar market, opensea (coming), Tzcolors, Tezauction, Radion fm Companies issuing STO´s on Tezos: Fundament, globacap, tzero, tokensoft, BTG pactual, vertalo, REI capital, Alliance investment, QR capital, elevated returns, Dealbox, ROI group, Societe generale, Aqarchain, Equisafe, Baanx, Andra capital, logical pictures and more. Stable coins on Tezos token standards: USDS, Usdtz, Kusd, Euro Lugh, checker, gold and silver pegged tokens. Token standards: Nyx standard, Fa 1.2, Fa 2 Oracles on Tezos: Harbinger, chainlink, wolfram Decentralized identity: Spruce systems, gravity Block explorers: Tzstats, tezblock, tzkt, Arronax, mininax Other projects: Tezos domains, Tezdice, Homebase, Electis, werenode, Baking bad, crictez, buttonists, Envited ecosystem, kiln Corporate bakers: Wakam, Exaion, Ubisoft
> Would you mind sharing some sort of source for that? I was under the impression that other blockchains had a bigger ecosystem than tezos (e.g. Cardano) I'm really curious where you got the idea that Cardano has a larger ecosystem. Please take a look at [this comment](https://www.reddit.com/r/CryptoCurrency/comments/l04ida/is_polkadot_price_extremely_overvalued_or/gjslccc/) and let me know if Cardano has any of those things. As far as Cosmos is concerned, I like the project and hold some ATOMs. Unlike Cardano, they do actually have projects being built on it (like Terra/Luna/Anchor which I really like), but the ecosystem is still not as large as Tezos. Cosmos doesn't yet have a DEX, although they're in the process of building [GravityDEX](https://gravitydex.io/). I also believe that Cosmos is very similar to Tezos in the fact that it's seriously undervalued relative to the rest of the market (I'm mostly comparing it to Polkadot, since that's the main competitor for Cosmos). To understand the size of the Tezos ecosystem, please refer to [this comment I wrote 4 months ago](https://www.reddit.com/r/tezos/comments/k9bevl/compared_to_the_top_ten_projects_such_as_cardano/gf4h7sy/). Since writing that comment, we've had the following new additions: 1. NFTs 1. Launch of [Hic et Nunc](https://www.hicetnunc.xyz/) NFT marketplace, which is what the original post is about 1. Launch of [Kalamint](https://kalamint.io/) NFT marketplace 1. Introduction of [Truesy NFT platform](https://www.truesy.com/), launching within a week 1. Entertainment - [Digital Treasure Hunt Platform "Project Uanon" launches](https://xtz.news/games/digital-treasure-hunt-platform-project-uanon-launches-on-tezos-with-100k-in-prizes/) 1. Stablecoins 1. [USDS](https://www.stably.io/post/usds-stablecoin-launches-on-tezos/) has launched 1. [Kolibri algorithmic stablecoin](https://kolibri.finance/) has launched 1. Groupe Casino, the fourth largest supermarket chain in France, in partnership with Société Générale, have launched a Euro stablecoin called [Lugh](https://www.lugh.io/). This has also been audited by PwC 1. Developer tooling 1. [jsligo](https://ligolang.org/) is now available 1. [dipdup python SDK for developing indexers](https://github.com/dipdup-net/dipdup-py) is available 1. DeFi 1. [Quipuswap DEX](https://quipuswap.com/swap) has launched 1. [WRAP Protocol decentralized bridge](https://www.benderlabs.io/) by Bender Labs has launched and allows wrapping ERC20 tokens and transferring them to the Tezos blockchain 1. [SalsaDAO](https://salsadao.xyz/) 1. [tzcolors](https://www.tzcolors.io/) 1. 4 new [Corporate Bakers](https://tezos.watch/) have signed on as block producers. 1. [Nisbah Capital](https://www.albawaba.com/business/pr/nisbah-capital-blockchain-subsidiary-taibah-valley-becomes-first-middle-east-corporate-) 1. [The Blockchain Group](https://nomadic-labs.com/download/PR-TBG-Baker.pdf) 1. [Wakam](https://www.wakam.com/en/wakam-joins-the-tezos-ecosystem-as-corporate-baker/) 1. [Ubisoft Entertainment SA](https://nomadic-labs.com/download/PR-Ubisoft-Baker.pdf) 1. Decentralized Identity - [Gravity: A Decentralized Solution](https://xtz.news/adoption/gravity-a-decentralized-solution-to-create-trusted-digital-identities-for-real-life-use/) was launched and aims to create trusted private digital identities for real-life use on Tezos. This is similar to what Cardano hopes to achieve with Ethiopia, the major difference being that Gravity is already doing this, while Cardano has just announced their intent to eventually provide digital identity services. 1. Wallets 1. [Umami wallet](https://umamiwallet.com/) has launched 1. Direct auth support was added to [kukai](https://kukai.app/) which allows anyone with a twitter account to access a Tezos account 1. DAOs - [Tezos Homebase](https://tqtezos.medium.com/daos-on-tezos-announcing-homebase-80bbecbb9bfe) was introduced 1. STOs - [Societe Generale Issues The First Structured Product On Public Blockchain](https://www.societegenerale.com/en/news/press-release/first-structured-product-public-blockchain) 1. Scaling - [Tenderbake testnet launched](https://medium.com/tqtezos/rapid-innovation-tezos-tenderbake-testnet-spawned-9168da6599d9). This will provide deterministic finality, allowing transactions to be confirmed within 15 seconds 1. Protocol improvements - The [Edo](https://blog.nomadic-labs.com/edo-the-latest-tezos-upgrade-is-live.html) protocol update has gone live, and now adds support for private transactions and smart contracts. - [Florence](https://tezos.org.ua/en/blog/florence-main-points/) has been accepted and will go live in 2 weeks. This will increase maximum operation size, allowing larger smart contracts, as well as reduce gas consumption to make transaction fees even lower. It also adds a new developer-centric feature to make designing inter-contract operations easier. 1. Misc - [Tezos Domains](https://tezos.domains/) has launched, allowing the registration of custom domains such as blockchain.tez. Support for domains has already been added to [Temple wallet](https://www.reddit.com/r/MadFishCommunity/comments/mzn6hi/temple_wallet_now_officially_supports_tezos/) Now please tell me what smart contract platforms, other than Ethereum, have an ecosystem even close to the size of Tezos?
Cool. I've been using the Bank > Coinbase > USDS > Kraken path.
Honestly, I think Tezos has a real shot of breaking into the top 20, even the top 10. Look at the exponential growth of contract calls: https://better-call.dev/stats/mainnet/general Tezos is offering DeFi, NFTs, Smart contracts, formal verification, massive war chest of $2 billion+, all under the extremely flexible on chain government structure so that it will always remain cutting edge with new technology. It’s using every other project as a test net for ideas and absorbing all the goods ones. Quick stats: Devs working in the Tezos ecosystem: 1500+ Wallet addresses: 1 million+ Contract calls in April: 1 million+ Active validators: 400+ DEFI platforms: Quipuswap, Dexter, Kolibri, Tezos finance, wrap protocol, SEXP (coming soon) NFT platforms: Hic et nunc, Kalamint, Bazaar market, opensea (coming), Tzcolors, Tezauction, Radion fm Companies issuing STO´s on Tezos: Fundament, globacap, tzero, tokensoft, BTG pactual, vertalo, REI capital, Alliance investment, QR capital, elevated returns, Dealbox, ROI group, Societe generale, Aqarchain, Equisafe, Baanx, Andra capital, logical pictures and more. Stable coins on Tezos token standards: USDS, Usdtz, Kusd, Euro Lugh, checker, gold and silver pegged tokens. Token standards: Nyx standard, Fa 1.2, Fa 2 Oracles on Tezos: Harbinger, chainlink, wolfram Decentralized identity: Spruce systems, gravity Block explorers: Tzstats, tezblock, tzkt, Arronax, mininax Other projects: Tezos domains, Tezdice, Homebase, Electis, werenode, Baking bad, crictez, buttonists, Envited ecosystem, kiln Corporate bakers: Wakam, Exaion, Ubisoft
if you're interested in stablecoins, get into XDB while you still can! They're creating branded stablecoins for B2B sollutions, allowing companies to reward their loyal customers accordingly. They already have 2 out; $ZUSD which is sponsored by esports team Digintas is mainly used for the gaming industry whilst their latest addition $USDS, launched with Stably is the first to run on the XDB blockchain.
I need a good crypto tax calculator that would include Futures transactions (Binance USDS-M), any suggestions? Experiences?
Nice! Last I check Stably USDS moved off Ethereum to Tezos https://medium.com/tezoscommons/a-closer-look-into-usds-7281e1412451
BTC is bitcoin. USD is US Dollars. USDS is a crypto tied to the US Dollar iirc. Been a while.
Can someone please tell me what the BTC, USD, and USDS mean in the favorites tab? Also a newbie
What is the difference between BTC, USD, and USDS on Binance.US? I'm new to crypto, if you couldn't tell by my question. Just wanna understand the app