Press Release
The Evolution of Stablecoins: From Centralized to Decentralized Options
Dubai, UAE, Stablecoins represent a significant innovation within the crypto ecosystem. Many crypto enthusiasts viewed this development as a crucial advancement in bridging the traditional finance sector and decentralized finance (DeFi), potentially attracting a more risk-averse audience to the industry. Throughout their brief existence, stablecoins have undergone changes, mirroring the community’s quest for more robust yet decentralized mechanisms.
Stablecoins are digital currencies created on the blockchain whose value is supported by collateral. While the employed collateral models may differ, stablecoins always pursue the same objective: price stability.
Fiat-backed Stablecoins
Stablecoins were created to address the volatile nature of cryptocurrencies. The initial set of stablecoins was largely centralized and tied to traditional currencies like the US Dollar or Euro. These stablecoins ensured stability by backing each coin with a 1:1 reserve of the underlying fiat currency.
Tether (USDT), released in 2014, is an example of a centralized, fiat-backed stablecoin. USDT aimed to deliver stability by reserving an equivalent amount of USD for every token it issued. This approach established trust among users, enabling them to trade and hold assets without concern for market fluctuations.
Unsurprisingly, trust issues are among the most pressing challenges of fiat-based (and typically centralized) stablecoins. Users had to rely on the issuing entity to maintain sufficient reserves and process redemptions, simultaneously raising legal and regulatory concerns. Moreover, this undermined the fundamental principle of decentralization in cryptocurrencies, as users had to depend on a single central authority.
Crypto-backed Stablecoins
Recognizing the constraints of centralized stablecoins, the DeFi community started working on decentralized options. These options sought to maintain crypto’s underlying principles while offering stable value. The search has led to the emergence of crypto-backed stablecoins, whose value is tied to another cryptocurrency.
This innovative model promotes transparency and reduces the need for a central authority. The issuance and redemption of crypto-backed stablecoins are governed by smart contracts, thus maintaining decentralization. In addition, all transactions and reserves are openly visible on the blockchain, allowing for complete visibility and auditability of the stablecoin’s operations. MakerDAO’s DAI, introduced in 2017, is one example of a crypto-backed stablecoin.
Among the disadvantages of such a model are over-collateralization and overall complexity. Users face the challenge of over-collateralization, which requires them to lock up a greater value in collateral than the stablecoins they receive. This can limit the system’s capital efficiency. Additionally, the complexity of the mechanisms used to maintain the peg can be daunting for users to comprehend and navigate effectively.
Algorithmic Stablecoins
Algorithmic stablecoins, such as Ampleforth (AMPL) and TerraUSD (now TerraClassicUSD (USTC)), operate in a unique manner by forgoing collateral backing and instead utilizing algorithms to regulate supply based on demand. If the price shifts away from the target, the algorithm adjusts the supply to stabilize the rate.
The advantages of algorithmic stablecoins include users’ capital efficiency, as they do not require over-collateralization. They also have the potential for scalability since they are not limited by collateral reserves. However, algorithmic stablecoins face challenges in maintaining stability. For instance, the TerraUSD price dropped significantly in just two weeks and never recovered, prompting the Terra community to rename the asset and vote for other changes.
Commodity-backed Stablecoins
Commodity-backed stablecoins are attached to the value of physical assets like precious metals, oil, real estate, etc. Such an approach allows people to invest in real-world assets, similar to buying on the stock market. For example, acquiring a gold bar and finding a secure place to store it can be complicated and pricey. Consequently, keeping tangible assets such as gold might not always be a practical choice. Gold-backed stablecoins, such as Tether Gold (XAUt) and Paxos Gold (PAXG), give you another option.
Among the apparent disadvantages of this model is the inaccessibility of all commodities. While some holders of gold-backed stablecoins can exchange their tokens for real gold, holders of other commodity-backed stablecoins are not always so lucky. For instance, Venezuela’s exploratory Petro stablecoin, now dead, was not redeemable for a barrel of oil. Still, this stablecoin model continues generating interest from crypto owners and people outside the crypto industry.
Final Thoughts
Stablecoins have come a long way from their centralized origins, evolving into advanced instruments that bolster the DeFi ecosystem. Whether using collateralized or algorithmic methods, the goal of creating a stable and decentralized currency continues to drive innovation. As a result, stablecoins are expected to play a crucial role in shaping the financial landscape, offering stability and confidence in an ever-changing digital economy.
Kinetex Network: Website | Kinetex dApp | Blog
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
IKAR Holdings Leads Global Mpox Pandemic Preparedness Initiative in Collaboration with Unify Platform AG and Safely2Prosperity
United Kingdom, 16th Sep 2024, Grand Newswire – IKAR Holdings a British conglomerate, in partnership with Unify Platform AG, Safely2Prosperity, and Bluestain Global has announced the launch of a comprehensive Pandemic Preparedness Initiative focused on Mpox (formerly known as Monkeypox). This groundbreaking initiative aims to bolster global efforts to detect, prevent, and manage Mpox outbreaks, especially in regions with limited resources.
The initiative is designed to deliver cutting-edge tools and solutions that governments, healthcare organizations, and public health officials can use to strengthen pandemic response systems. The program brings together innovative technologies in detection, prevention, and real-time infectious disease management, developed collaboratively by the partners.
Key Components of the Pandemic Preparedness Initiative:
1. Detection: BlueStain Global’s BlueStain Mpox Test, a state-of-the-art diagnostic tool, will be the backbone of the detection strategy. This test offers rapid, accurate detection of the Mpox virus, enabling timely intervention in outbreak scenarios. It will be rolled out initially to governments and organizations across Africa, where the need for pandemic preparedness is critical.
2. Prevention: The initiative will utilize Applied Carbon (AC) Drink, provided by Chemiteras in partnership with Unify Platform AG. This preventive measure is designed to reduce the risk of infection and support overall health during potential outbreaks.
3. Treatment: Applied Carbon Preparation (AAC), an advanced treatment candidate, will form a key part of the program’s response framework, ensuring that both prevention and treatment components are accessible where needed.
4. Management: Central to the program is the Virus Vigilant SaaS, a sophisticated infectious disease management system jointly developed by IKAR, Unify Platform AG, and Safely2Prosperity. This real-time platform allows for seamless coordination, monitoring, and rapid response during outbreaks, ensuring timely containment and management of infections.
Partner Contributions:
IKAR HOLDINGS: IKAR, headquartered in London, will lead efforts in coordinating with several African governments to ensure that these regions have access to the necessary infrastructure for pandemic preparedness. IKAR’s role includes facilitating the adoption of the initiative’s detection, prevention, and treatment components across affiliated regions. Their goal is to ensure that the mistakes of the Covid-19 pandemic are not repeated, and that African nations are better equipped to handle future outbreaks.
Unify Platform AG: Based in Switzerland, Unify Platform AG will be responsible for the technological backbone of the initiative, particularly the development of the infectious management SaaS. Their expertise in real-time data management and infectious disease response will enable governments to react swiftly to Mpox and other infectious diseases.
Safely2Prosperity: Safely2Prosperity will play a crucial role in the deployment of the Virus Vigilant SaaS, ensuring that the system operates smoothly across all regions. Their collaboration with IKAR and Unify Platform AG will result in a seamless infectious disease management system that can be used for current and future pandemics.
A Unified Vision for Global Health Preparedness:
This partnership is a testament to the shared commitment between IKAR, Unify, Safely2Prosperity, and Bluestain to protect global public health and strengthen pandemic preparedness, particularly in vulnerable regions. The initiative is expected to serve as a model for future pandemic preparedness programs, demonstrating the importance of international cooperation, technological innovation, and proactive health measures.
Mario Diel, Chairman and Founder of IKAR HOLDINGS, stated:
“Our mission is to ensure that the lessons learned from the Covid-19 pandemic are implemented on a global scale. By working closely with governments, especially in Africa, we can build resilient systems that integrate prevention, detection, and treatment for Mpox and other infectious diseases.”
Tokinori Terada, CEO of Unify Platform AG, added:
“Our infectious management SaaS will give governments and healthcare providers the ability to monitor and respond to outbreaks in real-time. This capability is essential for preventing the spread of diseases and saving lives.”
Taka Karita, Co-Founder and COO of Unify Platform AG, emphasized:
“Combining advanced technology and international collaboration, this initiative will strengthen Mpox preparedness in Africa and beyond. We’re committed to providing the tools needed for governments to act quickly, preventing future outbreaks from becoming global health crises.”
Hon. John Norris Founder of Safely2Prosperity, remarked:
“The Virus Vigilant system will revolutionize the way infectious diseases are managed globally. By providing real-time insights and coordinating response efforts, we can help prevent Mpox outbreaks from escalating into widespread health crises.”
Prof. Fernando Ferreira, Chairman and Co-Founder of BlueStain Global, emphasized:
“This partnership represents a significant step forward in pandemic preparedness. By integrating our BlueStain Mpox Test into a broader program, we can help ensure that governments and organizations are better prepared to tackle future pandemics swiftly and effectively.”
About IKAR HOLDINGS:
IKAR is a leading entrepreneurial group of companies that focuses on strategic initiatives in pandemic preparedness, particularly in Africa. By working with governments, IKAR facilitates the rapid implementation of pandemic response systems.
About Unify Platform AG:
Unify Platform AG, headquartered in Switzerland, is a technology-driven company specializing in infectious disease management. Their SaaS platforms enable real-time response to pandemics, providing governments with the tools needed to manage outbreaks effectively.
About Safely2Prosperity:
Safely2Prosperity is an organization focused on infectious disease management systems. Their collaboration on the Virus Vigilant SaaS is central to ensuring the seamless coordination and management of pandemic preparedness programs globally.
About BlueStain Global:
BlueStain Global is a British-Portuguese biotechnology company specializing in innovative solutions for infectious disease detection and pandemic preparedness. Their flagship product, the BlueStain Mpox Test, is a leading diagnostic tool in the fight against Mpox and other infectious diseases.
Media Contact
Organization: IKAR HOLDINGS
Contact Person: Michael Bert
Email:
press@ikarholdings.com
Address:17 Savile Row, London W1S 3PN
City: LONDON
State: MAYFAIR
Country:United Kingdom
The post IKAR Holdings Leads Global Mpox Pandemic Preparedness Initiative in Collaboration with Unify Platform AG and Safely2Prosperity appeared first on
Grand Newswire.
It is provided by a third-party content
provider. Grand Newswire makes no
warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Saudi Arabia, 15th Sep 2024, Grand Newswire – News Shop Expands Its Focus on Marketing Tech Companies with a Proven Plan to Increase Cases
News Shop is enhancing its position in the digital marketing landscape by expanding its focus on marketing tech and technology companies. Through a proven, well-developed plan, News Shop, via its agency “Smart Media,” which specializes in website design, digital marketing, and social media services in Dammam, offers innovative solutions to support the sustainable growth of websites and social media accounts.
News Shop relies on a targeted marketing strategy that combines advanced SEO optimization, content marketing, professional website design, and robust social media account management. This strategy aims to attract potential customers and convert them into actual cases.
Khaled Alrawaeli stated, “Our goal is to equip companies and websites with the tools and strategies they need to stand out in a crowded market. We are confident that our proven plan will deliver measurable results, helping businesses increase the number of cases they handle while building a strong and reputable online presence.”
As part of this expansion, News Shop, through its tech site “Smart Media,” is offering a free initial consultation to assess current digital marketing efforts and identify areas for improvement.
About News Shop Agency is the operator of Smart Media and TOP shop and Sweet Cake website
For more information about News Shop services, please visit our website.nwes shop Or the owner’s Instagram account @smart7line
Media Contact
Organization: News shop
Contact Person: News shop
Website:
https://Smart7line.net
Email:
News@smart7line.net
Address:News shop
Address 2: News shop
City: Khobar
Country:Saudi Arabia
The post News Shop operates Smart Media Technology, technology and social media services appeared first on
Grand Newswire.
It is provided by a third-party content
provider. Grand Newswire makes no
warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
IKAR Holdings Leads Global Mpox Pandemic Preparedness Initiative in Collaboration with Unify Platform AG and Safely2Prosperity
United Kingdom, 16th Sep 2024, Grand Newswire – IKAR Holdings a British conglomerate, in partnership with Unify Platform AG, Safely2Prosperity, and Bluestain Global has announced the launch of a comprehensive Pandemic Preparedness Initiative focused on Mpox (formerly known as Monkeypox). This groundbreaking initiative aims to bolster global efforts to detect, prevent, and manage Mpox outbreaks, especially in regions with limited resources.
The initiative is designed to deliver cutting-edge tools and solutions that governments, healthcare organizations, and public health officials can use to strengthen pandemic response systems. The program brings together innovative technologies in detection, prevention, and real-time infectious disease management, developed collaboratively by the partners.
Key Components of the Pandemic Preparedness Initiative:
1. Detection: BlueStain Global’s BlueStain Mpox Test, a state-of-the-art diagnostic tool, will be the backbone of the detection strategy. This test offers rapid, accurate detection of the Mpox virus, enabling timely intervention in outbreak scenarios. It will be rolled out initially to governments and organizations across Africa, where the need for pandemic preparedness is critical.
2. Prevention: The initiative will utilize Applied Carbon (AC) Drink, provided by Chemiteras in partnership with Unify Platform AG. This preventive measure is designed to reduce the risk of infection and support overall health during potential outbreaks.
3. Treatment: Applied Carbon Preparation (AAC), an advanced treatment candidate, will form a key part of the program’s response framework, ensuring that both prevention and treatment components are accessible where needed.
4. Management: Central to the program is the Virus Vigilant SaaS, a sophisticated infectious disease management system jointly developed by IKAR, Unify Platform AG, and Safely2Prosperity. This real-time platform allows for seamless coordination, monitoring, and rapid response during outbreaks, ensuring timely containment and management of infections.
Partner Contributions:
IKAR HOLDINGS: IKAR, headquartered in London, will lead efforts in coordinating with several African governments to ensure that these regions have access to the necessary infrastructure for pandemic preparedness. IKAR’s role includes facilitating the adoption of the initiative’s detection, prevention, and treatment components across affiliated regions. Their goal is to ensure that the mistakes of the Covid-19 pandemic are not repeated, and that African nations are better equipped to handle future outbreaks.
Unify Platform AG: Based in Switzerland, Unify Platform AG will be responsible for the technological backbone of the initiative, particularly the development of the infectious management SaaS. Their expertise in real-time data management and infectious disease response will enable governments to react swiftly to Mpox and other infectious diseases.
Safely2Prosperity: Safely2Prosperity will play a crucial role in the deployment of the Virus Vigilant SaaS, ensuring that the system operates smoothly across all regions. Their collaboration with IKAR and Unify Platform AG will result in a seamless infectious disease management system that can be used for current and future pandemics.
A Unified Vision for Global Health Preparedness:
This partnership is a testament to the shared commitment between IKAR, Unify, Safely2Prosperity, and Bluestain to protect global public health and strengthen pandemic preparedness, particularly in vulnerable regions. The initiative is expected to serve as a model for future pandemic preparedness programs, demonstrating the importance of international cooperation, technological innovation, and proactive health measures.
Mario Diel, Chairman and Founder of IKAR HOLDINGS, stated:
“Our mission is to ensure that the lessons learned from the Covid-19 pandemic are implemented on a global scale. By working closely with governments, especially in Africa, we can build resilient systems that integrate prevention, detection, and treatment for Mpox and other infectious diseases.”
Tokinori Terada, CEO of Unify Platform AG, added:
“Our infectious management SaaS will give governments and healthcare providers the ability to monitor and respond to outbreaks in real-time. This capability is essential for preventing the spread of diseases and saving lives.”
Taka Karita, Co-Founder and COO of Unify Platform AG, emphasized:
“Combining advanced technology and international collaboration, this initiative will strengthen Mpox preparedness in Africa and beyond. We’re committed to providing the tools needed for governments to act quickly, preventing future outbreaks from becoming global health crises.”
Hon. John Norris Founder of Safely2Prosperity, remarked:
“The Virus Vigilant system will revolutionize the way infectious diseases are managed globally. By providing real-time insights and coordinating response efforts, we can help prevent Mpox outbreaks from escalating into widespread health crises.”
Prof. Fernando Ferreira, Chairman and Co-Founder of BlueStain Global, emphasized:
“This partnership represents a significant step forward in pandemic preparedness. By integrating our BlueStain Mpox Test into a broader program, we can help ensure that governments and organizations are better prepared to tackle future pandemics swiftly and effectively.”
About IKAR HOLDINGS:
IKAR is a leading entrepreneurial group of companies that focuses on strategic initiatives in pandemic preparedness, particularly in Africa. By working with governments, IKAR facilitates the rapid implementation of pandemic response systems.
About Unify Platform AG:
Unify Platform AG, headquartered in Switzerland, is a technology-driven company specializing in infectious disease management. Their SaaS platforms enable real-time response to pandemics, providing governments with the tools needed to manage outbreaks effectively.
About Safely2Prosperity:
Safely2Prosperity is an organization focused on infectious disease management systems. Their collaboration on the Virus Vigilant SaaS is central to ensuring the seamless coordination and management of pandemic preparedness programs globally.
About BlueStain Global:
BlueStain Global is a British-Portuguese biotechnology company specializing in innovative solutions for infectious disease detection and pandemic preparedness. Their flagship product, the BlueStain Mpox Test, is a leading diagnostic tool in the fight against Mpox and other infectious diseases.
Media Contact
Organization: IKAR HOLDINGS
Contact Person: Michael Bert
Email:
press@ikarholdings.com
Address:17 Savile Row, London W1S 3PN
City: LONDON
State: MAYFAIR
Country:United Kingdom
The post IKAR Holdings Leads Global Mpox Pandemic Preparedness Initiative in Collaboration with Unify Platform AG and Safely2Prosperity appeared first on
Grand Newswire.
It is provided by a third-party content
provider. Grand Newswire makes no
warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
IKAR Holdings Leads Global Mpox Pandemic Preparedness Initiative in Collaboration with Unify Platform AG and Safely2Prosperity
News Shop operates Smart Media Technology, technology and social media services
IKAR Holdings Leads Global Mpox Pandemic Preparedness Initiative in Collaboration with Unify Platform AG and Safely2Prosperity
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