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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability.The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.Bitcoin’s frenetic value has given critics plenty of fodder to argue that […]
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a16z Puts $16 Million Behind Stablecoin Platform MakerDao

Stablecoins are becoming big business these days. In a $15 million deal, Andreessen Horowitz’s a16z crypto fund is buying 6 percent of the total MakerDAO maker (MKR) token supply. The investment will give a16z a financial and governance stake in the dai stablecoin.A16z made the announcement today, September 24, 2018. MakerDAO also received $12 million […]
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