链塔智库：2018稳定币研究报告2.0(21页).pdf

1、2018?11?8? 2018? ?2.0 Block Data ? 1. ? 1.1 ? 1.4 ? 3. ? CONTENTS 2. ? 1.2 ? 1.3 ? 2.3 ? 2.4 ? 2.1 ? 2.2 ? 2.5 ? 2.6 ? 3.1 ? ? 3.2 ? ? PREFACE ?2018?9? ?Gemini?Paxos? ? ?GUSD?PAX? ?Tether?USDT?10? ? ? ?BlockData?2018?9?10? ? ? ? ?1.1%? ?USDT?77%? ? ? ? ? ? ? 1.? ? ? 1.1 稳定币发展 01 2018? ?www.blockdata

2、.club 2014?11? Tether?USDT 2018?3? Bittrex?TUSD 2017?12? MakerDAO?Dai 2018?5? Circle?USD Coin 2018?4? Basis? Basecoin? 2018?9? ?Gemini? ?Paxos? ?GUSD?PAX ? ?2014?Bitfinex? ?Tether Limited?USDT?1.0? ? ? ?2017?12? MakerDAO?DAI?2018?3?Bittrex?True USD? 2018?9?10?Gemini? ?Paxos? ?GUSD? PAX? ? 02 2018? 0

3、3 2018? 1.2 稳定币市场规模 ? ? ? ? 2018?5? ?2018?11?5?2110? ? ?23?1.1%? ?USDT?18? ?TUSD?USDC?13%? Tether USDT? 77% TrueUSD? 8% Paxos Standard? 5% USD Coin? 5% Dai:3% bitCNY? 1% Stasis:1% ? TrueUSD?8% ?www.blockdata.club ? ? ? ?USDT?TUSD? ? ?“?”? ? ? ?DAI?BTS? ? ? ?Basis?Carbon? ? ? ?Saga?Reserve? ? ?Digix

4、Global?HelloGold? 04 2018? 1.3 稳定币的六种类型 ? ?Terra?Luna? ? ? ? ?BTC?ETH? ? ? ? ? ? ? ? 05 2018? 06 2018? ? ? ? ? ? USDT?TUSD ? ? ? ? DAI?BTS ? ? ? ? ? Basis?Carbon ? ? ? ? Saga?Reserve ? ? ? Digix Global? HelloGold ? ? ? ? Terra ? 07 2018? ? ? ? ? ? ? ? ? ? ?USDT?100?2018?8 ?5?2018?10?15? ? ? ? ? ? ?

5、1.4 稳定币问题及挑战 审计不透明及安全性低 2.? 08 2018? 01 ? AAA ReserveGemini DollarGlobcoin Paxos Standard StablyStronghold Tether TrueUSD White Standard Stasis X8X 02 ? AugmintbitCNYbitEURbitUSD DainUSD sweetbridge 03 ? BasisCarbonCorionFragments KowalaNuBits 04 ? Aurora DAOReserveSaga 05 ? Digix GlobalHelloGold 06

6、 ? CeloPHI StableUnitTerra Steem Dollars USD Coin ? ?www.blockdata.club USC TetherUSDT ?2014?11? ?1:1? ?30.8? ? ?FSS? TrustTokenTUSD ?2018?3? ?1:1?USDT ? ?1200? ? ?Cohn&Co? 09 2018? 2.1 法定货币抵押类 Gemini DollarGUSD ?2018?9? ?1:1? ?24? ? ?BPM? bitUSDBITUSD ?2014?7