Bluechip
@bluechip_org
Followers
3,420
Following
514
Media
619
Statuses
922
Bluechip is an independent stablecoin rating agency. CEO @levitben , Chief Economist @garettjones , Ratings Director @deathereum
Joined August 2022
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
MOONLIT FLOOR OUT NOW
• 262478 Tweets
JUMP
• 209784 Tweets
Mets
• 163607 Tweets
Falcons
• 66985 Tweets
Baker
• 64425 Tweets
天使の日
• 50895 Tweets
Pete Alonso
• 47049 Tweets
Diana
• 41942 Tweets
Bucs
• 27873 Tweets
Kirk Cousins
• 27492 Tweets
#PowerGhost
• 24940 Tweets
Bijan
• 21801 Tweets
Mooney
• 17983 Tweets
HAVE A SAFE FLIGHT JIN
• 16792 Tweets
Hayırlı Cumalar
• 16229 Tweets
ワートリ
• 15554 Tweets
#PowerBook2Ghost
• 14552 Tweets
Tariq
• 14094 Tweets
感謝マルチガチャ
• 13920 Tweets
Cane
• 13295 Tweets
Bleed
• 11622 Tweets
PRABOWOsiapkan YangTERBAIK
• 11411 Tweets
最大4体ゲット
• 11045 Tweets
人達同士
• 11007 Tweets
KEKUATANkita PERSATUANkita
• 10838 Tweets
Hodge
• 10268 Tweets
Bielsa
• 10053 Tweets
Pinned Tweet
Imagine opening your wallet to see safety ratings for stablecoins that you hold.
Introducing the Bluechip API.
Display stablecoin ratings + SMIDGE scores, anywhere.
Let's see how these four apps use the API + our ratings -
@reserveprotocol
,
@mtpelerin
,
@rwa_xyz
,
@3cities_xyz
!
9
24
109
Hello world! Today, we're glad to announce the launch of Bluechip, an independent, nonprofit stablecoin rating agency.
Thank you to our advisors and donors for making this possible. We hope to make the stablecoin ecosystem safer and more transparent.
22
38
229
1/ $LUSD is the only decentralized stablecoin rated "A" by Bluechip. It also scores high on governance and management, making it one of the safest stablecoins.
We recommend LUSD to experienced users who understand technical risks and value decentralization. Here's why. ⬇️
7
42
112
$USDR, a dollar-pegged stablecoin, is currently trading at $0.53 after a wave of redemptions depleted all of its liquid collateral.
Anyone familiar with Bluechip's rating framework could've predicted USDR's failure. It violates a cardinal rule which instantly earns an F rating.
7
29
100
1/ Today, we are assigning an 'F' grade to the following stablecoins.
1️⃣
@synthetix_io
tokens like $sUSD and $sEUR
2️⃣ $BEAN by
@beanstalkmoney
These tokens are part of Bluechip's Red Flag List, a list of stablecoins that have triggered a red flag outlined in our framework.
6
16
80
5️⃣ Tokenized treasury bills took off, led by
@BlackRock
and
@OndoFinance
.
Over $1.8B in t-bills were tokenized, reflecting institutional adoption of blockchains for settlement.
Tokenized t-bills like $BUIDL and $USDY also serve as reserves for stablecoins like USDM.
1
33
76
Today, we are releasing our initial rating of $USDM by
@MountainUSDM
, a yield-bearing stablecoin backed by US treasury bills and regulated by
@BermudaMonetary
.
We assign a safety rating of B+.
Other fiat-backed stablecoins rated B+ include $USDC and $XSGD. Read more. ⬇️
A
6
21
64
1/ At Bluechip, our goal is to provide free, unbiased, and transparent information on stablecoin safety to everyone.
We rate stablecoins from F (fail) to A+ (highly stable) based on our SMIDGE rating framework.
Here's a mega-thread explaining our ratings, updated over time. ⬇️
11
9
42
📊 State of Stablecoins - 2024 H1
$BTC touched a new all-time high in March, ushering a new bull market.
For stablecoins, the flood of new capital meant growing supply for the 9th consecutive month.
Let's look at the data and find out the winners. See our key takeaways! ⬇️
1
13
48
Why RAI Is Rated B+
$RAI is an experimental stablecoin with a floating price. Unlike most stablecoins, RAI is not pegged to any fiat currency or commodity.
In this post, we explore the mechanics behind $RAI that result in a B+ rating from Bluechip.
Free-floating peg
RAI was
1
12
45
7/
@StakeDAOHQ
partners with
@reserveprotocol
to introduce a new RToken called USDC+.
USDC+ is a yield-bearing stablecoin backed by:
1️⃣ Morpho USDC (33%)
2️⃣ Compound USDC (33%)
3️⃣ fUSDC - Flux USDC (33%)
10% of the yield is reserved for liquidity incentives, powered by $sdCRV.
3
12
38
Watch our Chief Economist
@GarettJones
speak about "How To Rate Stablecoins" at the recent
@stable_summit
.
The Stablecoin Temptation:
0
11
38
1/ Should You Hold WBTC?
$WBTC is ideal for users seeking yield or leverage against BTC.
But retail users may prefer holding $BTC directly since popular dApps don't offer high yield + custodial apps may offer convenient loans.
Here's what we think. ⬇️
---- ----
2/ Earn
1
11
37
1/ Last year, we assigned an initial rating of B+ to USDM by
@MountainUSDM
and outlined the criteria for an upgrade.
Mountain Protocol has since met the upgrade criteria by improving governance + stability.
Today, we are upgrading $USDM rating to A- to reflect the progress. ⬇️
2
7
36
Reserve
@reserveprotocol
lets you create RTokens, stablecoins that are backed by yield-bearing tokens - all in a few minutes, without writing any code.
Reserve uses the Bluechip API to display our ratings next to each stablecoin collateral backing the RToken.
1
8
36
StableSummit is the best way to kick off your week at
@EthCC
in Brussels.
For us, attending this event is soon becoming an annual tradition!
If you’re at
@stable_summit
and want to chat about stablecoin ratings, send us a DM!
0
6
28
In 2024 H1, $ONDO was up 404% and $RSR was up 65% - alongside improving fundamentals.
$USDY by
@OndoFinance
increased supply over 4x to reach $296M.
While
@reserveprotocol
TVL also increased over 4x to reach $126M.
For more, see our State of Stablecoins thread! ⬇️
7️⃣ ONDO performed best at 404%, while PRISMA performed worst at -95%.
$ONDO and $RSR outperformed the majors, alongside improving fundamentals.
$PRISMA and $LBR underperformed after exploits and depegs caused a loss of confidence among users.
2
5
19
2
11
34
Starting in August, new stablecoin ratings will be published on .
Which stablecoin would you like to see rated next?
18
7
32
In Feb 2023, the SEC alleged $BUSD was an unregistered security and the NYDFS ordered
@Paxos
to cease minting.
15 months later, the SEC dropped this investigation but the damage was done.
BUSD supply had gone from $16B to $70M.
For more, see our State of Stablecoins thread! ⬇️
3
5
32
1/ $USDD is the only stablecoin rated "F" by Bluechip. USDD features a highly negative trait, which automatically raises a red flag under our rating framework.
We strongly recommend users against holding USDD.
Here's why. ⬇️
2
8
29
1/ Good Monday morning!
Get a cup of coffee and catch up with everything that happened with stablecoins during the past week. This is Bluechip's weekly roundup.
Total stablecoin supply decreased by 0.30% over the past week with big changes for $USDM (+88%) and $XAI (-47%).
4
11
29
1/ Good Monday morning!
Get a cup of coffee and catch up with everything that happened with stablecoins during the past week. This is Bluechip's weekly roundup.
Total stablecoin supply increased by 1.76% over the past week with big changes for $USDY (+61%) and $eUSD (-44%).
3
4
29
1/ Bluechip's Weekly Roundup
This week in stablecoins:
🔹 Big bank considers issuing a stablecoin,
🔹
@Circle
CEO says EU rules led to more risk,
🔹 New yield-bearing stablecoin launches on BTC,
🔹 and more...
Catch up with everything that happened with stablecoins below! ⬇️
1
3
16
Thank you
@reserveprotocol
for your support!
We are overjoyed to share BlueChip, the independent nonprofit organization dedicated to evaluating stablecoins at no cost to the public.
@bluechip_org
aims to provide unbiased ratings which help understand which stablecoins are safer to use.
3
19
72
0
7
29
For every rate cut of 50 bps,
▶
@Tether_to
loses $488M, while
▶
@Circle
loses $144M in annualized revenue.
As the Fed cuts rates, stablecoin issuers earn a lower yield from US treasury bills.
This may push them towards riskier investments to make up for the loss of revenue.
0
8
31
The first day of
@stable_summit
was a blast!
Was great to meet many of you in person and talk about with
@GarettJones
&
@levitben
.
@Deathereum
is going over the feedback we received since launch.
Thanks for engaging, everyone!
0
4
25
1/ Since its launch in July 2023, $GHO has never traded at the $1 peg. We believe that it is unlikely to re-peg in the short term.
GHO actually has many of the key factors already in place to become a safe stablecoin. However, GHO is still rated "D" by Bluechip.
Here's why.⬇️
1
5
22
1/ Good Monday morning!
Get a cup of coffee and catch up with everything that happened with stablecoins during the past week. This is Bluechip's weekly roundup.
Total stablecoin supply decreased by 0.50% over the past week with big changes for $USDY (+20%) and $BUSD (-81%).
1
5
18
1/ Bluechip's Weekly Roundup 📊
This week in stablecoins:
🔷 $USDD collateral ratio drops to 3%,
🔷 Tether announces a new stablecoin,
🔷 A Solana stablecoin votes to shuts down,
🔷 and more...
Catch up with everything that happened with stablecoins below!
13
2
20
Mt Pelerin
@mtpelerin
is an on/off-ramp to buy, sell, or swap tokens with fiat currencies. Traders can pay by card or bank transfer, with no KYC required.
Mt Pelerin uses the Bluechip API to display our ratings when users trade stablecoins.
2
5
20
6/
@LiquityProtocol
publishes a whitepaper outlining the protocol's v2.
Liquity v2 will support ETH and leading LSTs as collateral to mint a stablecoin named BOLD.
Borrowers will set their own interest rates with users redeeming BOLD against loans with lowest interest rates.
2
9
16
Bluechip is introducing coverage for PayPal USD ($PYUSD) with an initial rating of ‘A-’.
We find that PYUSD is one of the safest stablecoins available right now.
PYUSD is issued and managed by
@paxos
under a white-label service. This is where Paxos is responsible for the actual
0
3
17
Stablecoins.
Just sent a sub $1000 money transfer via Western Union for the first time.
They charged me a literal 10% fee.
Absolutely nuts. The cross border remittance space is ripe for an overhaul and crypto will play a major role imo.
221
52
1K
0
1
21
1/ Total stablecoin supply stayed relatively flat over the past week with big changes for $GUSD (+119%) and $fxUSD (-20%).
Catch up with everything that happened with stablecoins during the past week. This is Bluechip's weekly roundup!
2
6
20
5/
@0xTomSawyer
launches $KNOX, the first RToken on
@arbitrum
.
KNOX is a yield-bearing stablecoin on
@reserveprotocol
backed by:
1️⃣ Aave USDC (66%)
2️⃣ Compound USDC (33%)
90% of the yield goes back to KNOX holders.
4
5
18
SPACES alert 🔔
Join our team, advisors and supporters
@GarettJones
@Deathereum
@levitben
@nic__carter
@ameensol
@valkenburgh
@robinhanson
@ATabarrok
@nnevvinn
@0xJMG
on Thursday 08/17 at 4pm UTC to discuss Stablecoin Safety with Bluechip.
RSVP here:
1
10
18
Bluechip's 2023 Year In Review
Stablecoins began as the preferred quote currency at crypto exchanges. Today, they are also a global medium of exchange and store of value in high inflation countries.
In this post, we go through everything that happened with stablecoins in 2023.
2
9
19
7️⃣ ONDO performed best at 404%, while PRISMA performed worst at -95%.
$ONDO and $RSR outperformed the majors, alongside improving fundamentals.
$PRISMA and $LBR underperformed after exploits and depegs caused a loss of confidence among users.
2
5
19
Bluechip's stablecoin ratings can help projects maintain token neutrality while protecting users.
To support this mission, Bluechip has partnered with
@3cities_xyz
, a decentralized payment protocol for Ethereum. 3cities supports all stablecoins rated B+ or higher by Bluechip.
2
4
18
Today, we release our assessment of
@AaveAave
's GHO. We assign a safety rating of "D". GHO, in its current form, is unsafe & unstable for general use despite having low Management, Governance and Decentralization risks. We caution users against holding GHO.
Read on to know why.
3
5
18
6/
@GyroStable
announces a points program and new high-yield "rehype" liquidity pools.
Users can earn points by holding or providing liquidity for the $GYD stablecoin.
The new "rehype" pools seek to earn returns from trading, re-hypothecation of assets, and the points program.
1
3
15
1/ Good Monday morning!
Get a cup of coffee and catch up with everything that happened with stablecoins during the past week. This is Bluechip's weekly roundup.
Total stablecoin supply increased by 0.76% over the past week with big changes for $USDe (+35%) and $mkUSD (-30%).
2
7
14
How does the NYDFS regulate stablecoins?
On Jun. 8, 2022, the New York Department of Financial Services (
@NYDFS
) became the first authority to regulate stablecoins.
Today, 5 of the top 6 stablecoins rated by Bluechip are regulated by the NYDFS. In this post, we examine these
5
4
12
1/ USDD Collateral Ratio Falls To 3% 🔴
$BTC was just removed from USDD reserve, leaving only TRX as collateral.
Since $TRX is issued by Tron DAO, it counts as endogenous collateral and triggers a red flag.
Similar to UST backed only by LUNA.
Read why $USDD is rated F ⬇️
1
8
17
1/ Traders have sold USDT in droves, causing the Curve 3pool to become imbalanced. USDT now makes up 58% of the pool.
Tether has survived multiple tests in the past, always regaining the peg, including the most recent in July. But, we still caution against holding USDT.
Why? ⬇️
3
3
14
1️⃣ Synthetix tokens like sUSD and sEUR
Stablecoins like sUSD are minted by staking $SNX at a collateral ratio of 500%.
SNX is not only the collateral but also the native token issued by Synthetix.
SNX is classified as endogenous collateral for sUSD, triggering a red flag.
3
1
16
Use the safest stablecoins on .
3
6
15
1/ Bluechip is introducing coverage for
@glodollar
with an initial rating of B.
Glo Dollar or $USDGLO is a niche stablecoin with a limited market presence.
It is appropriate for users who want to fund charitable causes by holding stablecoins.
Read why Glo Dollar is rated B. ⬇️
2
4
15
We're pleased to welcome the
@DeFiCollective_
as a donor to Bluechip. 💙
The DeFi Collective is a Swiss nonprofit association supporting the most resilient, trustless, and autonomous DeFi protocols.
0
3
14
1/ Happy Monday, everyone!
Catch up with everything that happened with stablecoins during the past week. This is Bluechip's weekly roundup.
Total stablecoin supply increased by 2% over the past week with big changes for $BUIDL (+174%) and $ULTRA (-85%).
1
5
13
In summary, we assign an 'F' grade to -
1️⃣ sUSD, sEUR, and others
The Terra-Luna collapse proves that use of native tokens can lead to death spirals.
2️⃣ BEAN by Beanstalk
The failure of Empty Set Dollar & Basis Cash with similar models send clear warning signs.
1
2
13
2️⃣ BEAN by Beanstalk Protocol
When BEAN is <$1, the protocol borrows tokens from holders and burns them to reduce supply.
When BEAN is >$1, new tokens are minted to increase supply.
BEAN is not backed by any reserves, triggering a red flag.
6
0
13
Moreover, these stablecoins cannot be redeemed for the underlying SNX.
Holders depend on liquidity pools to exit from Synthetix stablecoins to other assets.
Currently, the Curve sUSD pool has $12M in non-sUSD value locked vs. circulating supply of $103M.
1
0
14
Our $PYUSD rating will be published tomorrow - stay tuned! 👀
0
1
11
We're gearing up to release a new stablecoin rating this week!
This picture has the logo of the stablecoin hidden in it. Find the logo and comment down below.
What's the stablecoin?
7
1
12
1/ Good Monday morning!
Get a cup of coffee and catch up with everything that happened with stablecoins during the past week. This is Bluechip's weekly roundup.
Total stablecoin supply increased by 2.71% over the past week with big changes for $USDY (+49%) and $USDS (-21%).
2
4
11
Want apps to integrate Bluechip's ratings into the frontend, like
@TokenBrice
?
Here’s how four apps are already using the Bluechip API to make that happen.
Imagine opening your wallet to see safety ratings for stablecoins that you hold.
Introducing the Bluechip API.
Display stablecoin ratings + SMIDGE scores, anywhere.
Let's see how these four apps use the API + our ratings -
@reserveprotocol
,
@mtpelerin
,
@rwa_xyz
,
@3cities_xyz
!
9
24
109
0
3
12
We're excited to share that our Bluechip API recently launched!
Integrate our public API with your website at no cost to display Bluechip grades and SMIDGE factors.
Go check it out & DM us if you have any questions:
0
5
12
1/ Bluechip's Weekly Roundup 📊
This week in stablecoins:
🔹 Tether talks about a $3.3B lawsuit,
🔹
@MakerDAO
has a problem with Justin Sun,
🔹
@GyroStable
's new stablecoin targets 15% yield,
🔹 and more...
Catch up with everything that happened with stablecoins below!
1
3
12
Our next free newsletter will be sent out this Tuesday.
It contains details to our new $GHO rating and much more.
Make sure to subscribe in the footer of our website. ⬇️
1
3
12
1/ Bluechip's Weekly Roundup 📊
This week in stablecoins:
🔷 Donald Trump's crypto project talks stablecoins,
🔷 Liquity Protocol details $LQTY's role in v2,
🔷
@DWFLabs
plans for a new stablecoin,
🔷 and more...
Catch up on everything that happened with stablecoins below! ⬇️
1
4
12
1/ Good Monday morning!
Get a cup of coffee and catch up with everything that happened with stablecoins during the past week. In this post, we cover recent industry news, project launches, on-chain metrics, and much more.
This is Bluechip’s weekly roundup.
1
2
10
1/ Bluechip's Red Flag List 🚩
Feb 1st - We assigned an F grade to BEAN and placed
@BeanstalkFarms
on our Red Flag List.
6 months later, $BEAN has de-pegged, trading as low as $0.59 on Aug 5th.
Here's how our rating framework correctly predicted problems with BEAN. ⬇️
2
3
12
The Red Flag List includes stablecoins graded 'F' by Bluechip. We strongly advise against using these stablecoins.
We do not offer full reports on them, since stablecoins are only as strong as their weakest link.
For more, subscribe to our newsletter via the link in our bio. ⬇️
0
0
11
Governance rights are earned by depositing whitelisted assets.
However, voting is done off-chain, with decisions implemented by a multi-sig of anonymous contributors.
The multi-sig also has unrestricted control over smart contracts as governance enforcement doesn't exist.
1
0
12
Tomorrow our next rating will be published on . 👀
Get notified directly through your Bluechip account when it's live. 🔔
0
2
11
Next week our free biweekly newsletter series will be starting!
Expect our views, news and updates on Bluechip and the entire stablecoin ecosystem.
To receive it, make sure to subscribe in the footer section of .
2
1
11
1/ Good Monday morning!
Get a cup of coffee and catch up with everything that happened with stablecoins during the past week. In this post, we cover recent industry news, project launches, on-chain metrics, and much more.
This is Bluechip’s weekly roundup.
1
3
9
8️⃣ Stablecoins began accepting $BTC and liquid restaking tokens as collateral.
On Bitcoin, the Runes token standard enabled stablecoins backed by BTC like
@HermeticaFi
.
On Ethereum, the restaking meta accelerated as users collateralized liquid restaking tokens for leverage.
2
3
12
1/ Good Monday morning!
Get a cup of coffee and catch up with everything that happened with stablecoins during the past week. This is Bluechip's weekly roundup.
Total stablecoin supply increased by 0.28% over the past week with big changes for $USDe (+19%) and $peUSD (-79%).
1
5
9
Thanks for having us,
@stable_summit
!
It was a brilliantly organized event combined with deep stablecoin knowledge.
See you next year! 🥂
0
7
12
TUSD Depegs
$TUSD has de-pegged from its $1 target, currently trading at $0.981. On Jan 16th, TUSD even traded as low as $0.926 on
@Poloniex
.
In June 2023, Bluechip assigned a rating of D and strongly advised against using TUSD. In this post, we explore why TUSD has de-pegged.
1
5
10
Gitcoin's quadratic funding ensures that your donations are multiplied with matching funds.
#GG19
ends on 29 Nov.
If you think crypto needs independent stablecoin ratings and education, please consider donating.
We appreciate your support!
0
2
10
Vitalik shared his feedback on our Governance section.
We'd be glad to receive feedback from many for the SMIDGE framework to keep evolving.
0
2
11
We're pleased to share that RLB NÖ-W contributed to Bluechip as a donor.
RLB provides full banking services for its customers in Vienna. As a pioneer among banks, RLB supports Bluechip to advocate for more security and transparency in digital currencies.
0
1
9
1/ Good Monday morning!
Get a cup of coffee and catch up with everything that happened with stablecoins during the past week. In this post, we cover recent industry news, project launches, on-chain metrics, and much more.
This is Bluechip’s weekly roundup.
1
3
10
Why is Bluechip a nonprofit?
Find out in today's newsletter, sent out in an hour. Subscribe for free here:
0
5
10
1/ Bluechip's Weekly Roundup 📊
This week in stablecoins:
🔷 $SKY and $USDS to launch on Solana,
🔷 BitGo and Revolut plan new stablecoins,
🔷 A new exchange to use $PYUSD for settlement,
🔷 and more...
Catch up on everything that happened with stablecoins below! ⬇️
1
5
12
8/
@EulerFinance
is launching Stablecoin Maxi - an actively managed vault to lend or borrow with 6 stablecoins.
USDC by
@Circle
USDe and sUSDe by
@Ethena_Labs
USDY by
@OndoFinance
USD0 by
@UsualMoney
stUSD by
@AngleProtocol
Users also earn points from the issuers or Euler.
1
2
11
7/
@GyroStable
launches a yield-bearing version of its stablecoin, called Savings GYD or $sGYD.
The yield will be sourced by investing the collateral used to back $GYD across various DeFi strategies.
The protocol aims to pay 12-15% annualized yield to token holders.
1
3
11
1 day to go to show your support for Bluechip at
#GG19
. 💙
0
1
10
Buckle up, the halving is upon us! Here's to a new chapter in $BTC's history.
Happy Bitcoin Halving Day!
0
3
10
Definitely planned. Over time the list will steadily grow.
Also, we're happy to talk to any stablecoin founders and executives for additional information and feedback. Please get in touch if you feel like we're missing something.
There now is an independent, nonprofit stablecoin rating agency:
@bluechip_org
.
@levitben
,
@garettjones
, and
@deathereum
, we’d love to be included/rated 🫡
0
0
13
0
1
11
1/ Total stablecoin supply increased by 1% over the past week with big changes for USD0 (+16%) and sUSD (-21%).
Catch up with everything that happened with stablecoins during the past week. This is Bluechip's weekly roundup! ⬇️
2
4
11
1/ Good Monday morning!
Get a cup of coffee and catch up with everything that happened with stablecoins during the past week. This is Bluechip's weekly roundup.
Total stablecoin supply increased by 1.43% over the past week with big changes for $USD+ (+60%) and $mkUSD (-25%).
6
2
7
4/ Bluechip does not consider $TRX as valid collateral for $USDD. Since Tron DAO is the issuer of both tokens, TRX is endogenous collateral.
This immediately raises a red flag in our rating framework, automatically resulting in a failing grade.
1
0
10
1/ Total stablecoin supply stayed relatively flat over the past week with big changes for $EURE (+18%) and $GUSD (-63%).
Catch up with everything that happened with stablecoins during the past week. This is Bluechip's weekly roundup!
1
4
10
1/ Bluechip's Weekly Roundup 📊
This week in stablecoins:
🔷
@Circle
partners with Sony's public layer-2
🔷 Consumers' Research warns against $USDT
🔷
@EulerFinance
launches "Stablecoin Maxi"
🔷 and more...
Catch up on everything that happened with stablecoins below! ⬇️
1
3
10
The rise of Ethereum's restaking narrative has produced new collateral for stablecoins - liquid restaking tokens.
Some notable launches in this space -
➤
@PrismaFi
's ULTRA,
➤
@protocol_fx
's rUSD,
➤
@ebisu_finance
's ebUSD.
For more, see our State of Stablecoins thread! ⬇️
8️⃣ Stablecoins began accepting $BTC and liquid restaking tokens as collateral.
On Bitcoin, the Runes token standard enabled stablecoins backed by BTC like
@HermeticaFi
.
On Ethereum, the restaking meta accelerated as users collateralized liquid restaking tokens for leverage.
2
3
12
0
3
10
By signing up to , you can bookmark any stablecoins and turn on notifications.
Get notified of price changes, grade changes or newly published ratings.
0
2
9
10/ Bluechip is an independent nonprofit, stablecoin rating agency.
Check out our SMIDGE rating framework on our website to understand how $USDD was graded.
To stay updated, subscribe to our biweekly newsletter via our website’s footer. ⬇️
0
0
10
1/ Good Monday morning!
Get a cup of coffee and catch up with everything that happened with stablecoins during the past week. In this thread, we cover recent industry news, project launches, on-chain metrics, and much more.
This is Bluechip’s weekly roundup.
1
3
9
1/ Good Monday morning!
Get a cup of coffee and catch up with everything that happened with stablecoins during the past week. This is Bluechip's weekly roundup.
Total stablecoin supply increased by 2.03% over the past week with big changes for $USDe (+28%) and $peUSD (-18%).
1
3
9
Bluechip's Chief Economist
@GarettJones
published on our website:
Stablecoins versus The Power to Tax
Yes, the old saying is true: The power to tax is the power to destroy.
But you know what else the power to tax is? It’s the power to run a decent monetary policy.
If you’re
0
3
7