What are Stablecoins? What is Tether?
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- เผยแพร่เมื่อ 7 ม.ค. 2019
- Start trading Bitcoin and cryptocurrency here: bit.ly/2Zz7qj1
Stablecoins are an attempt to create a cryptocurrency that isn’t volatile. A stablecoin’s value is pegged to a real world currency, also known as fiat currency. For example, the Stablecoin known as Tether, or USDT, is worth 1 US dollar and is expected to maintain this peg no matter what.
That’s Stablecoins in a nutshell. If you want a deeper explanation keep on watching the video, here’s what I’ll cover:
0:37 - Cryptocurrency volatility
1:40 - Stablecoins in a nutshell
2:22 - Main usage of stablecoins
3:20 - Stablecoin peg types
6:47 - Stablecoin business models
7:17 - Popular Stablecoins in use today
8:24 - Stablecoin crticism
10:12 - Conclusion
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And use facemask while you're doing a transaction
You are such an OG, everyone's talking about how the government wants to get rid of or regulate stable coins and you saw this coming from a thousand miles and 18 months away. I can't believe your production quality and showmanship either. I wish I found your channel sooner but this is my second video and I am already subscribed
O
Why? They still scam people .
moment of silence for the guy who bought 2 pizzas for 10k bitcoin
Nice comment, made my day, because loosing a few 100 bucks by making a bad trade does not look as bad anymore.
@@MrNewCreation hmm
It was supposed to be a demo for using crypto to pay in daily life
He is a hero!
I praise the guy who buy pizza with his btc. The bitcoin is succesful because of guy like him. What have you done to make bitcoin succesful?
This is a PERFECT video. VERY well done. Thank you
This is a great explanation. Questions which came to mind during the video were for the most part answered later on. Thank you for this explanation !
Damn Natan! I was looking for a brief explanation on different collaterals for crypto as well as the algo one. Yours is the best. Thanks man!
Yes, I agree with you, but I am a miner now
I just installed Brave browser. Thank you for the recommendation. I love your straight forward, clear as your plain white background educational content. So very helpful.
Clear and easy to follow explanation of what is what are some of the issues surrounding stablecoin. Thanks
What an excellent breakdown! Went over all the risks/cons, which even included the failure of almost all previously pegged currencies.
Very very well done! I needed this.
Thanks for the educational video! It really cleared my mind as I intuitively thought stablecoins are dumb idea but could not give a concrete explanation.
Doing some research on stablecoins adoption in Nigeria and stumbled on this video. I'm new to the crypto world and this video answers a lot of the questions I have. Thanks a lot for sharing. Well done
Fantastic video. A great resource to come back to time and time again to remind me exactly why these coins exist. I suspect over time once the volatility is not as great SC's will provide a further use utility to the crypto space. We don't always know from the outset how things are likely to morph. But brilliant video.
I think you've earned a new follower :) thank for the video
Wow, explained perfectly! Thank you!!
the bloopers were funny. I never thought u blew a word u flow so well!
Specially with “collateralized“
Nate does a great job of describing the most popular stable coins and why this market is important to the growth of cryptocurrency generally.
Nice clear summary of what can be indeed a complex financial topic ☯️👁
Super new to crypto and trying to figure out all the jargon and concepts, this made it super clear!
Yes, I agree with you, but I am a miner now
Very clear. thnx guys! So glad u r here.
I'm new to all this and this is by far , the best explanation on stablecoins I've found. Very well done sir! Most dont bother to explain the basics that you did and after watching, I ended up knowing pretty much the same, as I did at the start, which was never very much :D . Your video , has given me exactly what I needed to know. Many thanks
Have you guys seen USDQ? What do you think?
Yes, I agree with you, but I am a miner now
Thanks for the quality content!
This is the most golden crypto information on TH-cam
Again, great content! thanks for breaking it down my man!
Thanks for the perfect description.
Excellent video. You explained the subject very well and answered all the questions I had. Clearly a lot of thought has gone into the presentation.
I've listened to a podcast today, which indirectly led me to click on your video...I've heard of crypto but not "stablecoins" now I know, thanks! Subscribed
Yes, I agree with you, but I am a miner now
You are changing my life man, and most likely becoming rich
What a lovely chap! So clear and so human 😊
Prefect video ! exactly what I needed
This video was very informative. Thank you!
i'm so grateful to your channel
Nate, you are the BEST! Thank you for your videos!
you are the GOAT thank you again for another perfect explanation
There is no way I won't click the line botton when I watch your video. You know so much and know how to deliver it.
Thanks man.
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Yes, I agree with you, but I am a miner now
No questions man. Thank you for your quality contents.
Thanks you can learn better for more info +1//7//2//7//2//4//8//0//4//2//1//
Your content is so supreme that I hit a like button before watching this video. Now it's time to watch. Best wishes!
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Well done. Comprehensive.
very informative, thank you
Very easy to understand thank you
your videos are very good and very informative.. thanks!
I was looking for deposits and got an explanation for beginners, but still looked: D
When you mentioned that the supply of the coins is increased/reduced to balance the demand of the coin, does that more specifically mean that the max cap of the token is being adjusted? I'm trying to clarify how exactly coins are added and removed.
quick and informative
Thanks Nate, for all the info. Am learning and moving forward faster, appreciate the time you take to make these knowledgeable videos with such great content for a newbie in crypto. Thanks Again..
I think we can have more exchanges in the future. I have been exposed to cryptocurrency for two years, but I know there is still a lot to learn.
Thank you for sharing this detailed review on Stablecoins and Tether. 🤝 I've heard of them before but today I'm learning about them. 🤝 There's always something new to learn and absorb. 👍👍
Yes, I agree with you, but I am a miner now
The best explanation ever
Never dissapoints, this man
Thanks Nate Martin.👏👏👏. Appreciate the out takes too.
Yes, I agree with you, but I am a miner now
ᵂʰᵃᵗˢᵃᵖᵖ♱①②④⓪⑧⑨②④⑥⑦④
Thanks~~~~
Well done video. I'm new to SC's but this seemed to be an objective high-level presentation for SC's. Thank you!
Yes, I agree with you, but I am a miner now
thanks for the clarification of tether!
Have you guys seen USDQ? What do you think?
Comprehensive but easy to understand! Great video thanks :)
Have you guys seen USDQ? What do you think?
well explained. thank you!
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Best explanation video ever
Once again a great video, Nate
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This is really good information for both beginners and professionals.
Learned a lot about Tether
ᵂʰᵃᵗˢᵃᵖᵖ♱①②④⓪⑧⑨②④⑥⑦④
Thanks~~~~
This is a fantastic video of stablecoins. This is a great video of stablecoins.This is amazing video and wonderful video.
great videos - would be good to see an explanation of what went wrong...
thanks for the video! now i am more confident about tether!
ᵂʰᵃᵗˢᵃᵖᵖ♱①②④⓪⑧⑨②④⑥⑦④
Thanks~~~~
Thank you, I thought I was a lost cause. But I get it when you explain it.
i like how this was unbiased, thanks
I watched 3 episodes and you are my new crypto sensai 🤲🏿 teach me all you know👍🏿
Yes, I agree with you, but I am a miner now
@@zhaojing1574 nice fam what do you mine?
Great video as always. Thanks for information
That is really good tutorial
Good vid. Liked, subscribed.
thanks for the video, now i am more confident about tether!
ᵂʰᵃᵗˢᵃᵖᵖ♱①②④⓪⑧⑨②④⑥⑦④
Thanks~~~~
thanks for the video, i am really appreciated, without fud about tether and so on
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Thanks~~~~
That was great! Thank you!!
Great video!!! Subscribed!
Great video thank you.
A useful guide, I was interested to learn about Tether. I often hear many people praise Tether.
ᵂʰᵃᵗˢᵃᵖᵖ♱①②④⓪⑧⑨②④⑥⑦④
Thanks~~~~
Very informative, thanks a lot!!!
Yes, I agree with you, but I am a miner now
Thank you for a very detailed explanation! I still don't understand tho why literally everyone uses USDT while criticizing it for the things every other stablecoin does
I think we can have more exchanges in the future. I have been exposed to cryptocurrency for two years, but I know there is still a lot to learn.
Somehow, I watched that now. This video is a MUST for EVERYONE around the crypto concept.
Btw, I admire your reactions on pronunciation.. Thanks once again for providing us such great content!
Thanks for the info
Nice video! Curious to understand why stablecoins are not pegged on Gold vs the Dollar?
Excellent video, informative and useful. Today a technical analysis dude claimed btc going over 49k was caused by stablecoin movements, i'd love to hear from u as to how stable coins can impact btc price. I totally laugh out lol at most technical analysis b.s. -but stablecoins could be a legit fundamental that impacts btc...help me understand please
I have to say that this guy is amazing, it's like reading a 200pages book en a 10 minutes video. an talking about volatile coins I invite you to live a month in Argentina haha
this video has immenssely helped me in writing a final paper for class. Thank you for the clear explanations!
Bulgarian Lev (national currency) is pegged to EURO since 1999 without any problems at all.
Too overstated for good orientation going into a future and forward path onto digital money/assets /personal autonomy. The concepts here all flip in a flash moment depending on the calming or the escape of and from fiat banking money just as a generalized start path
amazing video thank you
Thanks for this video. Could you please clarify, does this mean, that to take profit, instead of selling my crypto at the top (using the sell function) , I can instead use the SWAP function and swap my profitable crypto for a stablecoin? instead of actually "selling" it using the sell option? and then, to the opposite, to get back in at the dip?
Whether you convert coins to fiat or stablecoins, you are in effect selling your bitcoins for payment in fiat / stablecoin. So swapping and selling are really the same thing - converting one form of currency for another.
Thank you. Now I see advantages and inconvenience of those methods. Very, very well explained!
Just a question about algorithmic peg: I don’t get why it’s not guaranteed to hold the peg by manipulating supply in the market? That’s basically what central banks are doing nowadays.
Yes, I agree with you, but I am a miner now
Thank you so much for the explanation! Very much appreciated.
Glad it was helpful!
No mention of the potential gains and risks from stable coin interest bearing accounts? That’s the most attractive part of stablecoins. People are making 10-15% interest on stablecoin. Would love to hear some opinions on that part of stablecoins.
How does an algorithmic peg work? If the price drops and there is a need to remove coins in circulation, from whose account should the coins be removed? And if the algorithm decides to remove 1 coin from your account (randomly chosen or otherwise), why would you agree to it? How is it fair that you end up being the one who pays for it, pay for the price drop or drop in demand?
A guide through a tether is useful for traders
Curious, what percent must the global market cap be (relative to global wealth) in order for crypto to maintain long term stability.
It's hard to answer this question - Keep in mind that if you compare Bitcoin to the M2 supply of USD in circulation you get around $15t compare to Bitcoin's $66B. Meaning Bitcoin has to grow about 200 times in value in order to become as stable as the USD in terms of fluctuations. Of course it doesn't have to reach the USD market cap, it can just reach a high enough market cap that isn't severely affected by buy and sell orders in the millions (or small billions). To sum it up - it's hard to say :)
Great deck!
Great vid!
Hypothetical question: what happens if you create a stablecoin and peg it on a currency that's facing inflation? (Such as in venezuela).
Or, if you create a stablecoin (algorithmecially pegged) in a country going through massive inflation. Would that hypothetically work? If yes, would it solve the problem?
LOVE U THANK U 💛
Great information
Bro I learn so effin much from this channel! I just might cash out when I go to the moon and hire you to come to africa and teach my tech students for a year!
You can learn better and benefits your student +1//7//2//7//2//4//8//0//4//2//1//
Well Said!
OI BRUV UR A FOOOKIN LEGEND
nice , thank you!
Good video for beginners. A stable such as usdt is what you need for your crypto trading, but be careful and do not be greedy
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Thanks~~~~
Experienced traders already know how to use Tether and other stablecoins to take profits. This video is perfect for beginning traders.
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Thanks~~~~
best knowlege based channel without "dump-pump" clickbait
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