Stablecoin
Stablecoin Tokenomics: Models, Formulas, and Terra Lessons
Four stablecoin models — fiat-backed, algorithmic, hybrid, and CDP. Peg mechanics, the UST crash analysis, and USDC/DAI/FRAX comparison.
MiCA Article 6 stablecoin bundle: whitepaper, iXBRL, cadCAD peg simulation, redemption gate
How to ship a MiCA Article 6 stablecoin whitepaper as a coherent engineering deliverable: iXBRL Annex I structure, cadCAD peg simulation, redemption gate stress test. Built for the 1 July 2026 CASP cliff for EMT issuers.
From Protocol to Public Equity: Ethena's Dual-Track Architecture (USDe, sUSDe, USDtb, USDE)
On 10 March 2026 TLGY shareholders approved the StablecoinX merger and a DeFi protocol crossed onto Nasdaq under ticker USDE. We dissect the dual-track architecture — USDe, sUSDe, USDtb, and the public-equity wrapper — and what it means for stablecoin issuers planning multi-rail strategies.