A Guide To Stablecoins: Majority Fiat-Backed Stablecoins - USDT, USDC, PYUSD
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ARK Investment Management5.93K FollowersFollow5ShareSavePlay(34min)CommentsSummaryThe most popular stablecoin type, majority fiat-backed stablecoins, dominates global crypto markets and accounts for more than 85% of the $313 billion supply.Variations in the reserves of majority fiat-backed stablecoins stem from differences in their respective business strategies, regulatory authority, and risk appetite.Nearly all majority fiat-backed stablecoin issuers use qualified custodians for their fiat reserve assets, including Treasuries and cash equivalents.The majority fiat-backed ecosystem depends heavily on regulated and trusted centralized entities, including issuers, custodians, financial institutions, and oracles, with strong performance track records. tanit boonruen/iStock via Getty Images By Raye Hadi, Research Associate, Digital Assets Introduction In Part One of ARK’s four-part guide to stablecoins, we introduced stablecoins and contextualized their development. I argued that the design of each type of stablecoin includes tradeoffsThis article was written byARK Investment Management5.93K FollowersFollowARK Invest holds a precision lens on thematic investing. We focus on disruptive innovation and identify themes that will enhance productivity and create wealth. ARK seeks to research and invest in technologically enabled innovation that cuts across economic sectors and changes the way our world works. Our current themes include: Industrial Innovation, Web x.0, and the Genomic Revolution. Innovation is inevitable, and ultimately wins out in an equity market. Our research is made available on our website and we invite everyone to participate in our discussions around thematic investing in innovation. For more information please visit: https://ark-invest.com