International Stable Currency Whitepaper
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  • Introduction
    • 🌎What is ISC?
    • 👑Why ISC Matters
      • State of Fiat Currencies
      • State of Stablecoins
        • What is a Stablecoin?
        • Improvements on Fiat
        • Drawbacks of Existing Stablecoins
    • ⭐What Sets ISC Apart?
  • How ISC Works
    • 💰The ISC Reserves
      • Key Entities
      • Key Concepts
      • Basic Mechanics
      • Advanced Mechanics
      • Oversight
    • 📥DAO Model and International Governance Token ($INTL)
      • Community Oversight
      • Governance Mechanics
      • $INTL Tokenomics
      • Burning $INTL: Aligning the Economic Incentives of $ISC and $INTL
    • 🖥️Technological Foundation
    • ❗Disclaimer
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  1. Introduction
  2. Why ISC Matters

State of Stablecoins

❗ In this whitepaper, when discussing stablecoins, we are referring to fiat-collateralized, USD-Pegged stablecoins. As of December 2023, the top two stablecoins, USDT & USDC, fall into this category and account for ~88% of all stablecoin marketcap. Consequently, all references to stablecoins in this whitepaper focus on the issues and potential improvements related to fiat-collateralized, USD-Pegged stablecoins. 

Alternative forms of stablecoins, such as algo-stablecoins, crypto-collateralized stablecoins, and precious-metal backed stablecoins have their own unique issues and are not covered comprehensively.

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Last updated 1 year ago

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