Research
Enterprise
DeFi
Stablecoins

The Art of Central Banking on Blockchains: Non Pegged Stablecoins

Mar 25, 2021Ā ā‹…Ā  39 min read

Ethereum is an emerging digital economy in the early innings of a multi-decade economic boom. The problem? Ethereum has dollarized, and the dollar is ultimately controlled by the Federal Reserve - clouding dreams of an independent monetary system. But what if stablecoins were not pegged to fiat currencies at all? In this report we cover the problems with dollar pegged stablecoins, the promise of non pegged stablecoins, and the most exciting non pegged stablecoin projects on the market.

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Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.

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About the author

Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.

Mentioned in this report