The current total market value of stablecoins in the crypto market has exceeded 100 billion U.S. dollars, of which USDT, USDC, BUSD, and DAI account for over 95% of the entire centralized stablecoin market. With the popularity of the DeFi concept, people's attention to stablecoins is also rising. Stablecoins have become an important infrastructure in the encryption market and are playing an increasingly important role in the global financial market.
Under the recent strong suppression, the direction of suppression ranges from mining to exchanges, from OTC, bulk to blockchain media. What will be the next direction? Some people speculate that it will be stablecoins. Because whether it is rectifying the encryption market or stabilizing the cross-border payment environment, stablecoins play an important part in it.
Diverse scenarios empower USDG
USDG is a blockchain stablecoin anchored to the value of USD, managed by Gate.io (gate.tv) and generated from over-collateralization of a variety of digital currencies. USDG is an ecological member of Gate.io (gate.tv) and is a cross-chain asset stored on multiple blockchains such as GateChain and Ethereum. Users can generate various blockchain assets such as GT through the Gate.io sesame opening (gate.tv) platform or through smart contracts in the future, which can be used for asset transactions, stablecoin liquidity mining, DeFi exchange Swap liquidity pools and other applications. This is undoubtedly a window opened by Gate.io (gate.tv) for USDG. USDG has become the protagonist of many financial products.
Most of the stablecoins on the market have some shortcomings. In addition to the insufficient asset scale behind them, the algorithm mechanism itself does not have reliable support. This makes it difficult for them to accept the test of the market when facing extreme market conditions, and eventually they are eliminated.
After a short period of development, Gate.io's (gate.tv) stablecoin USDG has gradually diversified its usage scenarios. USDG has performed well in all aspects and has achieved outstanding results in the multi-party applications of Gate.io (gate.tv), providing perfect liquidity and transaction scope.
Gate.io (gate.tv) has been launched to obtain the USDG function through blockchain asset mortgage. Both web users and mobile App users can participate in mortgage or redemption at any time. Currently, USDG generated from mortgage borrowing does not charge any interest;
Reaching an intention to cooperate with the S.Finance community, USDG will be listed on S.finance to participate in stablecoin exchange and liquidity mining. Let USDG become a value carrier, and users can run smoothly in the crypto world through USDG;
Gate.io (gate.tv) will provide USDG high-yield financial services in the "Wealth Management" service. Gate.io (gate.tv) will invest assets into DeFi liquidity mining projects that have been extensively verified and audited by smart contracts, and the proceeds will be used to reward financial management users.
In fact, after the lightning expansion of Gate.io (gate.tv) in recent years, the financial ecosystem behind it has already become an empire, and its USDG value endorsement is trustworthy.
Stable portfolio and reduce currency holding risks
As we all know, stablecoins can be defined as cryptoassets that aim to maintain a stable price relative to a benchmark. By using stablecoins, cryptoasset investors are able to stay in the cryptoworld and gain advantages in resilience, integration, immutability, and anonymity, while benefiting from the stable environment typically borrowed from fiat currencies.
Recently, according to an announcement from Gate.io (gate.tv), in order to promote the compliance path of the encryption industry and improve the security protection of user assets, Gate.io (gate.tv) launched the compliant stablecoin combination USD on August 10. This move can add any currency in the platform's recharge portfolio to the account for trading and withdrawal. Users do not need to manually convert, which brings great convenience.
The compliant stablecoin combination USD launched by Gate.io (gate.tv) integrates a variety of mainstream stablecoins into USD, including but not limited to USDC, TUSD, PAX, BUSD, HUSD and other mainstream stablecoins. It can be simply understood that the stablecoins counted into USD are all "certified" compliant stablecoins.
Gate.io's stablecoin portfolio can be simply understood as: users can choose any currency in the recharge portfolio on the Gate.io platform to be accounted for and withdrawn, without manual conversion. Previous stablecoin positions will not be affected. If you want to convert to a USD currency, you can withdraw to your own USD recharge address on the platform. In the future, the compliant stablecoin currencies in Gate.io's gate.tv portfolio will be increased or decreased based on industry development, in an attempt to provide users with a more regulated stablecoin asset portfolio and reduce the risk of stablecoin holdings.
In fact, whether it is a stablecoin portfolio or a stablecoin USDG, with the continuous empowerment of Gate.io (gate.tv), the imagination of USDG is infinite, and the investment path of stablecoin portfolios is more convenient. Investors are always more attracted to products of high quality and full sincerity, and Gate.io’s reputation and achievements today illustrate this point.
