Stablecoins

Detailed breakdowns of individual stablecoins, issuer profiles and the economics of issuance: backing, reserves, revenue, the peg mechanism.

Wiki · Stablecoins The section is growing

Basics

What a stablecoin is, its history, how the peg works, and how stablecoins are classified — general articles the rest of the section builds on.

What Is a StablecoinSeptember 5, 2026History of StablecoinsSeptember 5, 2026How the Peg Mechanism WorksSeptember 5, 2026Classification of StablecoinsSeptember 5, 2026

Coin breakdowns

Peg mechanism, backing, history and incidents: USDT, USDC and others — one page per coin.

USDT (Tether)September 5, 2026USDC (Circle)September 5, 2026USDe (Ethena)September 5, 2026DAI and USDS (Sky)September 5, 2026USD1 (World Liberty Financial)September 5, 2026USDG (Global Dollar)September 5, 2026PYUSD (PayPal)September 5, 2026

Issuers

Issuer company profiles: structure, licences, banking partners, auditors.

TetherSeptember 5, 2026CircleSeptember 5, 2026Ethena LabsSeptember 5, 2026SkySeptember 5, 2026World Liberty FinancialSeptember 5, 2026PaxosSeptember 5, 2026
In preparation

Economics

How an issuer earns: reserve composition, yield, fees, distribution across networks.

The section is growing New articles go up as they are ready — meanwhile, read the digest issues — Issue archive