Identity Crisis of Crypto-Backed Stablecoins
Blog iconCaesar
Dec 7
Stablecoin is a very profitable business, which already found its product market fit in the ecosystem. Millions of people around the emerging markets use stablecoins to access USD, which was not possible before. However, it should be noted that even though stablecoins are a byproduct of the crypto ecosystem, at the current state, they inherently clash with the main ethos of crypto, decentralization. As known, the biggest stablecoins in terms of market cap are fiat-backed stablecoins such as $...

Most popular by Caesar

Cover image

The Power of Network Effect in Stablecoins: $BUSD Case Study

Cover image

Yield-Bearing Stablecoins: Are they really PMF?

Cover image

The Future of Non-USD Stablecoins

Cover image

Crypto-backed stablecoins are broken

Identity Crisis of Crypto-Backed Stablecoins

Identity Crisis of Crypto-Backed Stablecoins

Cover image

Solving the Stablecoin Question: Stablecoin Functionality

Caesar

Written by
kagandagdeviren1998

Thinking about stablecoins

Subscribe

2025 Paragraph Technologies Inc

PopularTrendingPrivacyTermsHome
Search...Ctrl+K

Caesar

Subscribe
Post cover image
Blog iconCaesar
Oct 6
The Future of Non-USD Stablecoins
With the rising stablecoin market primarily consisting of USD stablecoins, there is an emerging belief that non-USD stablecoins can follow their success. However, I disagree with this view, contending that non-USD stablecoins are constrained in their potential. In this article, I will explain my rationale for the limited prospects of non-USD stablecoins. In the course of this article, I will start by providing a definition of non-USD stablecoins. Subsequently, I will analyze the current state...
Post cover image
Blog iconCaesar
Sep 30
Thoughts on T-Bill Backed Stablecoins
The realm of stablecoins continues to undergo significant evolution, marked by the constant introduction of innovative stablecoin projects. Among these emerging concepts, Treasury Bill-backed stablecoins have gained considerable attention within the stablecoin ecosystem. In this article, I will elaborate on this topic, starting with a comprehensive definition of treasury bills, followed by an exploration of the features surrounding treasury bill-backed stablecoins. Furthermore, I aim to devel...
Post cover image
Blog iconCaesar
Sep 26
The Power of Network Effect in Stablecoins: $BUSD Case Study
The network effect, a phenomenon in which the value of a product increases as more people use it, stands as one of the most critical factors for the success of a startup. In the realm of consumer apps within the cryptocurrency space, particularly for stablecoins, the significance of the network effect cannot be overstated. I believe that many developers within the stablecoin ecosystem do not place enough emphasis on the pivotal role the network effect plays. Consequently, alternatives to well...
Post cover image
Blog iconCaesar
Sep 19
Yield-Bearing Stablecoins: Are they really PMF?
Yield-bearing stablecoins are considered the next revolution in the continuously evolving stablecoin ecosystem. Over the past year, numerous projects have emerged, dedicated to developing yield-bearing stablecoin products. In this article, I will offer a comprehensive overview of yield-bearing stablecoins, emphasizing the primary categories within this landscape: LSD-backed stablecoins, Treasury Bill-backed stablecoins, and yield-generating stablecoins. Following this, I will conduct a user a...
Post cover image
Blog iconCaesar
Sep 12
Opportunities and Limitations of LSD-Backed Stablecoins
2023 has proven to be a remarkable year for builders exploring the potential of new DeFi primitives. During this period, one of the most intriguing developments has been the rise of Liquid Staking Derivates (LSD) protocols and, as anticipated, the subsequent rise of protocols built upon LSD projects, known as LSDfi. These LSDfi projects can be categorized into several distinct parts. However, in this article, my primary focus will be on LSD-backed stablecoins. Throughout the article, I will p...
Post cover image
Blog iconCaesar
Sep 5
Crypto-backed stablecoins are broken
Stablecoins remain a central topic of discussion within the ecosystem due to their significant alignment with market demand. As a result, both developers and enthusiasts have been actively exploring avenues to create a stablecoin that can exert a lasting influence on the ecosystem. However, the progress in this endeavor has been relatively modest thus far. I believe that the inherent limitations of crypto-backed stablecoins are not discussed enough. As we will discuss in the article, the curr...
Post cover image
Blog iconCaesar
Aug 30
Solving the Stablecoin Question: Stablecoin Functionality
Stablecoins are one of the most exciting innovations that the crypto ecosystem offers. By offering stability of value to its holders, stablecoins have achieved product-market fit in the volatile crypto ecosystem. It may be one of the first products that the DeFi ecosystem exports to traditional finance. There has been so much research and discussion about stablecoins in the ecosystem, and there are several emerging projects that try to capture a market share. However, I don’t believe that the...