Guide to Collateralized Stablecoin Landscape

Published on: July 14th, 2022

In recent weeks, several high-profile stablecoin depegging events have left unsuspecting holders unable to redeem their stablecoins at par value. In this issue of In Focus, the Delphi team explores some of the top collateralized USD stablecoins to understand the risks and benefits holders face while owning them. Join the conversation in the Pro Crypto Discord.


  • HD
    Henry D.
    15 July 2022 @ 04:45
    Thanks. It does seem that until the markets really trust stable coins crypto will have a hard time gaining wide scale adoption. I thought Matt Taibbi's article brought up real questions about the trust that can be placed in even the most trusted, USDC, ( ) so it seems there is still a bit of work to do before daily transactions are carried out using stable coins.
  • PJ
    Paul J.
    17 July 2022 @ 01:14
    Great report! One issue that wasn't covered and is worth considering in my opinion, is whether or not a centralized stablecoin is "bankruptcy remote" or not. It's my understanding that BUSD (issued by Paxos) meets the criteria for being bankruptcy remote whereas USDC does not. Any further insight on this issue would be much appreciated.
  • AA
    Amber A.
    25 July 2022 @ 06:35
    Thank you for the very relevant info! The compare and contrast was very helpful and answered some questions I had about collateral and various stable coins.
  • JB
    Jay B.
    28 August 2022 @ 12:03
    Ok, so what about Basel III collateral standards. Since this is the standard for the banking system and DeFi is trying to essentially grab some of the banking sphere, I would like to see a follow up on how how the decentralized stable coins would be effected if those standards were implemented tomorrow. They may be...