Talk:Stablecoin

WARNING: ACTIVE COMMUNITY SANCTIONS

The article Stablecoin, along with other pages relating to blockchain and cryptocurrencies, is designated by the community as a contentious topic. The current restrictions are:

Limit of one revert in 24 hours: This article is under WP:1RR (one revert per editor per article per 24-hour period)

Editors who repeatedly or seriously fail to adhere to the purpose of Wikipedia, any expected standards of behaviour, or any normal editorial process may be sanctioned.

Remedy instructions and exemptions

Enforcement procedures:

Violations of any restrictions (excluding 1RR/reverting violations) and other conduct issues should be reported to the administrators' incidents noticeboard. Violations of revert restrictions should be reported to the administrators' edit warring noticeboard.
Editors who violate any listed restrictions may be blocked by any uninvolved administrator, even on a first offense.
An editor must be aware before they can be sanctioned.

With respect to any reverting restrictions:

Edits made solely to enforce any clearly established consensus are exempt from all edit-warring restrictions. In order to be considered "clearly established" the consensus must be proven by prior talk-page discussion.
Edits made which remove or otherwise change any material placed by clearly established consensus, without first obtaining consensus to do so, may be treated in the same manner as clear vandalism.
Clear vandalism of any origin may be reverted without restriction.
Reverts of edits made by anonymous (IP) editors that are not vandalism are exempt from the 1RR but are subject to the usual rules on edit warring. If you are in doubt, contact an administrator for assistance.

If you are unsure if your edit is appropriate, discuss it here on this talk page first. Remember: When in doubt, don't revert!

Archives

Index 1

This page has archives. Sections older than 180 days may be automatically archived by when more than 8 sections are present.

Extended-confirmed-protected edit request on 23 July 2023 (2)

This edit request has been answered. Set the |answered= parameter to no to reactivate your request.

In the Sub-section "Other Concerns" the following sub-heading should be added:

Insolvency Risk Stablecoin holders might be exposed to significant insolvency risk, depending on the legal structure adopted by their issuer. For example, holders of USDC would be deemed unsecured creditors in the event of Circle's bankruptcy and, thus, would be unlikely to obtain 1$ in return for their stablecoins. ^[1] RomanLegalScholar (talk) 16:09, 23 July 2023 (UTC)[reply]

References

^ Bruce, Kara J. and Odinet, Christopher K. and Tosato, Andrea, The Private Law of Stablecoins (August 16, 2022). 54 Arizona State Law Journal 333 (2023) Available at SSRN: https://ssrn.com/abstract=4191646 or http://dx.doi.org/10.2139/ssrn.4191646

Question: The cited article is paywalled and I could not obtain access to it. If you provide a short, direct quote from the source supporting your proposed edit, I should be able to use that to complete your request. Feel free to ping me when you have done so. Xan747 (talk) 15:35, 3 August 2023 (UTC)[reply]

Extended-confirmed-protected edit request on 12 August 2023

This edit request has been answered. Set the |answered= parameter to no to reactivate your request.

Change

Examples: TrueUSD (TUSD),^[1] USD Tether (USDT),^[2] USD Coin.^{[citation needed]}

to

Examples: TrueUSD (TUSD),^[1] USD Tether (USDT),^[2] USD Coin,^{[citation needed]} Monerium EURe ^[3]. Alcuin MacAlcuin (talk) 20:52, 12 August 2023 (UTC)[reply]

Not done@Alcuin MacAlcuin Blockworks.co is not a reliable source. -Lemonaka‎ 02:41, 13 August 2023 (UTC)[reply]

Thanks for reviewing @Lemonaka, there are multiple other sources to support the proposed edit, and I just resubmitted the proposed edit citing Techcrunch. Alcuin MacAlcuin (talk) 13:21, 13 August 2023 (UTC)[reply]

References

^ ^a ^b "Why Facebook Chose Stablecoins as Its Path to Crypto". Bloomberg. January 27, 2019. Archived from the original on November 27, 2021. Retrieved August 30, 2019.
^ ^a ^b Tether. "Tether: Fiat currencies on the Bitcoin blockchain" (PDF). Tether: Fiat Currencies on the Bitcoin Blockchain: 7. Archived (PDF) from the original on 2022-01-26. Retrieved 2018-10-23.
^ {{Cite web |title=Gnosis Visa debit card debuts in Europe, letting users buy with euro stablecoin |url=https://blockworks.co/news/gnosis-visa-debit-card-debut/ |url-status=live

Extended-confirmed-protected edit request on 13 August 2023

This edit request has been answered. Set the |answered= parameter to no to reactivate your request.

Change

Examples: TrueUSD (TUSD),^[1] USD Tether (USDT),^[2] USD Coin.^{[citation needed]}

to

Examples: TrueUSD (TUSD),^[1] USD Tether (USDT),^[2] USD Coin,^{[citation needed]} Monerium EURe ^[3].

}} Alcuin MacAlcuin (talk) 13:20, 13 August 2023 (UTC)[reply]

Not done for now: Could you please provide a different link to the source? The current one doesn't seem to link to the article. ARandomName123 (talk)^{Ping me!} 21:51, 18 August 2023 (UTC)[reply]

ARandomName123 Thanks for reviewing, typo in link has been corrected. Alcuin MacAlcuin (talk) 18:12, 25 August 2023 (UTC)[reply]

Done ARandomName123 (talk)^{Ping me!} 00:42, 27 August 2023 (UTC)[reply]

References

^ ^a ^b "Why Facebook Chose Stablecoins as Its Path to Crypto". Bloomberg. January 27, 2019. Archived from the original on November 27, 2021. Retrieved August 30, 2019.
^ ^a ^b Tether. "Tether: Fiat currencies on the Bitcoin blockchain" (PDF). Tether: Fiat Currencies on the Bitcoin Blockchain: 7. Archived (PDF) from the original on 2022-01-26. Retrieved 2018-10-23.
^ "Gnosis launches Visa card that lets you spend self-custody crypto in Europe, soon US and Hong Kong". Techcrunch. July 17, 2023. Retrieved August 13, 2023.{{cite web}}: CS1 maint: url-status (link)

Extended-confirmed-protected edit request on 13 October 2023

This edit request has been answered. Set the |answered= parameter to no to reactivate your request.

Under Reserve-backed stablecoins add a new type called Multi-asset-backed stablecoins with the description: A multi-asset-backed stablecoin is a type of stablecoin that is backed by multiple assets instead of just one. Instead of being pegged to a single reference asset like fiat money, precious metals, or another cryptocurrency, a multi-asset-backed stablecoin is designed to maintain a stable value by being backed by a diversified portfolio of different assets. This diversification can help mitigate risks and reduce volatility, making the stablecoin more resilient to market fluctuations. The specific assets backing a multi-asset-backed stablecoin can vary depending on the issuer's strategy and the design of the stablecoin. Examples of muti-asset-backed stablecoins are Gemini dollar (GUSD) and Libra. CryptoOracle (talk) 16:28, 13 October 2023 (UTC)[reply]

Not done: please provide reliable sources that support the change you want to be made. ARandomName123 (talk)^{Ping me!} 02:21, 17 October 2023 (UTC)[reply]

Sure, note that Libra is now called Diem, here are sources:

“Diem vision”, Diem website, 2023

"Diem (digital currency)", Wikipedia, September 2023

“Facebook-backed Diem aims to launch digital currency pilot later this year”, CNBC, April 2021

“Why GUSD? - Always redeemable for USD”, Gemini website, 2023.

“What is Gemini Dollar (GUSD)?”, CoinDesk, May 2023 CryptoOracle (talk) 19:37, 30 December 2023 (UTC)[reply]

Your proposed wording is far, far too promotional to be acceptable, and the only source you provide which is even close to reliable is the CNBC one, which merely says ...as well as one multi-currency coin. with no other context or explanation. You need to provide a reliable source which directly supports the wording you wish to add. Grayfell (talk) 20:46, 30 December 2023 (UTC)[reply]

Fair enough, I seem to have missed the most important one:

WESTERBERG, HENRIK; "Design of a multi-asset-backed stablecoin and a multilateral order matching system" ; 2019, KTH ROYAL INSTITUTE OF TECHNOLOGY SCHOOL OF ELECTRICAL ENGINEERING AND COMPUTER SCIENCE. CryptoOracle (talk) 14:19, 4 January 2024 (UTC)[reply]

Merits

The merits section is an outright lie. The cited report says the quoted merits are not merits but problems:

Stablecoins present a host of potential challenges and risks for public policy, oversight and regulation, including legal certainty, sound governance, anti-money laundering and countering the financing of terrorism (AML/CFT) compliance, operational resilience (including for cyber security), consumer/investor and data protection, and tax compliance 73.93.174.109 (talk) 18:42, 7 April 2024 (UTC)[reply]

Extended-confirmed-protected edit request on 24 May 2024

This edit request has been answered. Set the |answered= parameter to no to reactivate your request.

In this sentence:

If the issuer of the stablecoin does not actually possess the fiat necessary to make exchanges, the stablecoin can quickly lose value and become worthless.

Please replace "does not actually possess" with "lacks", just to avoid wordiness. 123.51.107.94 (talk) 02:44, 24 May 2024 (UTC)[reply]

Done Charliehdb (talk) 10:52, 24 May 2024 (UTC)[reply]

Name correction in a reference

The correct name of the institution you reference is the Bank for International Settlements. Not “of” 67.86.9.141 (talk) 20:46, 26 May 2025 (UTC)[reply]

I've fixed it. Thanks. Grayfell (talk) 21:37, 26 May 2025 (UTC)[reply]

Extended-confirmed-protected edit request on 17 June 2025

This edit request has been answered. Set the |answered= parameter to no to reactivate your request.

Remove "to the public" after "publicize" in the section discussing Tether's impact on BTC. "To the public" is redundant. TedWinstonIII (talk) 15:22, 17 June 2025 (UTC)[reply]

Done Day Creature (talk) 18:41, 17 June 2025 (UTC)[reply]

[1] Bruce, Kara J. and Odinet, Christopher K. and Tosato, Andrea, The Private Law of Stablecoins (August 16, 2022). 54 Arizona State Law Journal 333 (2023) Available at SSRN: https://ssrn.com/abstract=4191646 or http://dx.doi.org/10.2139/ssrn.4191646

[bb20190127-2] "Why Facebook Chose Stablecoins as Its Path to Crypto". Bloomberg. January 27, 2019. Archived from the original on November 27, 2021. Retrieved August 30, 2019.

[tether20160127-3] Tether. "Tether: Fiat currencies on the Bitcoin blockchain" (PDF). Tether: Fiat Currencies on the Bitcoin Blockchain: 7. Archived (PDF) from the original on 2022-01-26. Retrieved 2018-10-23.

[4] {{Cite web |title=Gnosis Visa debit card debuts in Europe, letting users buy with euro stablecoin |url=https://blockworks.co/news/gnosis-visa-debit-card-debut/ |url-status=live

[bb20190127-5] "Why Facebook Chose Stablecoins as Its Path to Crypto". Bloomberg. January 27, 2019. Archived from the original on November 27, 2021. Retrieved August 30, 2019.

[tether20160127-6] Tether. "Tether: Fiat currencies on the Bitcoin blockchain" (PDF). Tether: Fiat Currencies on the Bitcoin Blockchain: 7. Archived (PDF) from the original on 2022-01-26. Retrieved 2018-10-23.

[7] "Gnosis launches Visa card that lets you spend self-custody crypto in Europe, soon US and Hong Kong". Techcrunch. July 17, 2023. Retrieved August 13, 2023.{{cite web}}: CS1 maint: url-status (link)

[1]

[1]

[2]

[3]

[1]

[2]

[3]