Categories: Ethereum

Research: Only 30% of Known Stablecoins Are Live and Operational

Click here to view original web page at

Only 66 stablecoins — 30% of total announced tokens — are actually live and operational, according to a study published by the blockchain research group Blockdata on June 26

The remaining 70% are either still in development or have shut down entirely.

Researchers from Blockdata believe that one consequence of this is that 2019–2020 may see a record high of new stablecoins going live, with 119 estimated to launch in 2019.

Researchers also examined possible factors may have led to the closure of failed stablecoins. Failed stablecoins, according to the study, tend to be commodity-backed by assets such as gold. Gold-backed stablecoins, in particular, accounted for approximately two thirds of all failed stablecoins.

Looking closer at the failed, currency-backed stablecoins, the researchers found several factors that they deemed to be responsible, falling into the categories of volatility, physical storage complications, and scams.

Some other trends noted in the study included the prevalence of Ethereum-based stablecoins, as well as asset-backed stablecoins. While the report identifies 15 different blockchains that stablecoins are implemented upon, Ethereum retains approximately a 50% share of all stablecoins by blockchain — the next most common being Bitshares and Stellar.

Asset-backed stablecoins also comprise an overwhelming majority of all live stablecoins, at 95%. While this remains the most common means of stablecoin issuance, algorithmic stabilization and other methods can be used to develop a stablecoin.

As previously reported by Cointelegraph, Steve Forbes, the namesake of business publication giant Forbes, recently told Mark Zuckerberg to back Facebook’s stablecoin-like virtual currency Libra with gold.

Forbes believes that gold will provide fixed value for the upcoming virtual currency given the precious metal’s purported history of stability:

“For a variety of reasons gold holds its intrinsic value better than anything else. It’s like a measuring rod. It no more restricts the money supply than the 12 inches in a foot restricts the size of a building you might wish to construct. All it means is that the Libra will have what no other currency has today: a fixed value.”

The […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoins and Cryptocurrency: Myths and realities

Part 2: The Journey This is a story of secret beginnings. A story of a brilliant idea, born of trying… Read More

5 hours ago

Twitter is Losing its S%# Over This $4 Million Golden Toilet

An solid gold toilet from Churchill's birthplace goes missing. | Source: AP Photo, File Golden toilets don’t come around very… Read More

5 hours ago

eToro Aims to Put Derivatives on the Blockchain With Lira Programming Language

eToro , an Israel-based exchange platform, revealed a new programming language designed to simplify derivatives trading.Speaking ahead of the Ethereal… Read More

5 hours ago

Gartner sees blockchain as ‘transformational’ across industries, in 5-10 years

Credit: Dreamstime Research firm Gartner, whose past evaluations of blockchain have been conservative to say the least , expects the… Read More

11 hours ago

The Future Lies in Blockchain: Circle CEO Jeremy Allaire Backs China’s Cryptocurrency and Facebook’s Libra

The year is 2017. Cryptocurrencies and their underlying blockchain technology are sternly poised to take over the world. Investors, all… Read More

11 hours ago

Ethereum-based Staked Not Efficient, Claims DeFi Builder

Much like banks, there is competition with the Ethereum decentralized finance (DeFi) ecosystem; each protocol and ecosystem offers different benefits… Read More

11 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More