What is a Stablecoin? (How they work - ANIMATED)

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  • Опубліковано 13 січ 2025

КОМЕНТАРІ • 260

  • @devtest8078
    @devtest8078 4 місяці тому +12

    "... now there are some rumours that they do not have a dollar for every USDT that they have minted .. kinda like there are rumours that you haven't subscribed yet."
    Witty and funny. I actually liked the sell. Subscribed!

    • @Puzzlehup_com
      @Puzzlehup_com 2 місяці тому

      amazing work

    • @mandragoramoon
      @mandragoramoon 2 місяці тому

      You can look up the us dollar value on stock market sites. Sometimes it's more sometimes its less.

    • @DamianThurton
      @DamianThurton 19 днів тому

      Hello, could you spare a minute to help me solve this issue? USDT TRX20 is stored in my wallet, and my phrase is (clean party soccer advance audit clean evil finish tonight involve whip action). Can you help me transfer it to Bybit?

    • @BarrettSule
      @BarrettSule 13 днів тому

      Hello, could you give me a hand with my issue? I maintain USDT TRX20 in OKX, and I’ve kept my recovery phrase [ clean party soccer advance audit clean evil finish tonight involve whip action ]. How do I transfer it to Poloniex?

  • @jemimahlamb2620
    @jemimahlamb2620 3 роки тому +88

    How about a new video? Compare USDT, Dai, Terra and others in it.

  • @hudinones2902
    @hudinones2902 3 роки тому +4

    A cool animated cartoon about stable coins, as a big collector of stable coins (busd/usdt/tusd and others), I appreciated this movie!

    • @DamianThurton
      @DamianThurton 19 днів тому

      Excuse me, might you be able to assist me with something? I store USDT TRX20 in my wallet and possess my recovery phrase (clean party soccer advance audit clean evil finish tonight involve whip action). Can you guide me on transferring it to OKX?

    • @BarrettSule
      @BarrettSule 13 днів тому

      Hey, I know it’s sudden, but could I ask for your help? USDT TRX20 is kept in my OKX wallet, and my phrase is (clean party soccer advance audit clean evil finish tonight involve whip action). Could you tell me how to move it to Poloniex?

  • @samvinchester6921
    @samvinchester6921 3 роки тому +2

    Beautiful and very gentle animation about stable coins, I just started to study Tether, and this video helped me a lot!

    • @DamianThurton
      @DamianThurton 19 днів тому

      Hello, sorry for bothering, but could you help me out? I’ve got USDT TRX20 in my wallet, secured by the phrase (clean party soccer advance audit clean evil finish tonight involve whip action). How do I transfer it to EXMO?

  • @alexandherg7872
    @alexandherg7872 Рік тому +2

    I love your work brother! You're doing a great job for the community 🎉 thank you

  • @PopeCop
    @PopeCop 2 роки тому +33

    How stable coins work: they don't

  • @psylocibeboobensis5978
    @psylocibeboobensis5978 3 роки тому +14

    That was an easy and digestible explanation, thank you! Also good to see your perspective on tether, innocent until proven guilty.

    • @Joeyjojoshabbadoo
      @Joeyjojoshabbadoo 5 місяців тому

      I didn't follow any of it, other than stable coins are obviously evil, and clearly a fintech grift of some kind.

  • @predjh
    @predjh 3 роки тому +5

    I have been sending your channel to my coworkers. I love your videos!

  • @StarWarsAnalyst
    @StarWarsAnalyst 2 роки тому +5

    Who’s here after the fall of Terra

  • @Just_An_Idea_For_Consideration
    @Just_An_Idea_For_Consideration 3 роки тому +6

    I am interested in learning how to make Whiteboard videos.
    1) What software do you use to create these videos, and do you recommend it or another software?
    2) approximately how much time does it take to script out, edit the video, create the audio, and end up with a publishable video?
    ie. for an almost 8 minute video, as in this one, how long did it take to prepare and create the video?
    thanks
    for any additional suggestions or recommendations
    ps - if you wanted to make a whiteboard video, teaching how to make a whiteboard video, and the production process beginning to end - that would be amazing

    • @DamianThurton
      @DamianThurton 19 днів тому

      Excuse me, might you be able to assist me with something? I’ve got USDT TRX20 in my wallet, secured by the phrase (clean party soccer advance audit clean evil finish tonight involve whip action). How do I transfer it to OKX?

  • @BlockchainAnimations
    @BlockchainAnimations Рік тому +1

    Excellent explanation - in particular, with mentioning how Tether has not been fully transparent with how their funds are stored. That being said, Tether is the largest stablecoin by market capitalization

  • @Chris-ne5sf
    @Chris-ne5sf 3 роки тому +10

    Why are there only 150 views? This is a great explainer!

    • @WhiteboardCrypto
      @WhiteboardCrypto  3 роки тому +1

      Thank you Chris! We're still a small channel so we're slowly getting there :)

    • @brentomagic
      @brentomagic 2 роки тому +2

      Well... 72+k views now.

  • @multidimentionalpoopie9107
    @multidimentionalpoopie9107 3 роки тому +7

    Short and comprehensive, thanks for the explanation! Also, I'd love to hear your thoughts on tether fud and ther stablecoins as well

    • @jenniferscanlon5338
      @jenniferscanlon5338 2 роки тому

      I see many platforms allow you to lock your USDC with high APY such as 11%-12%, while USDT is around 6%. Could you explain how these platforms allow you to get more USDC passively just by locking it for a period of time? I cant see any platform that use fiat that would guarantee >10% passive income annualy. So this makes me kind of confused. I Have had the same question for a while, and the more i think about it the more it dosent make any sense at all. now i just want to change gears and just focus on tradding because i have been hearing some good news about it and i know someone who just bought a damn house with the returns but unfortunately i dont know anything about it and am definetly eager to venture into it

    • @charleswood8225
      @charleswood8225 2 роки тому

      Awesom video I'm from Belgium and I can tell you that decentralized finance is definetly the future from my own account, but certainly you need to know your way around it, i have someone, alexis susan welsh, an expert trader that i can invest with and its been great i know so much now how it really works. and because oof this righ approach to investing, good profit is now my middle name

    • @howardpine7632
      @howardpine7632 2 роки тому

      I have been seeing so many recommendations about Alexis Susan Welsh trending, her strategy must be good for people to talk about her and my cousin recommended her to me Consistency is key, I've been investing with her for years now and I've made alot of profit from her. Most of those traders who offer to give you 300% of whatever you invest might scam you of your hard earned money.

    • @taylorshephard274
      @taylorshephard274 2 роки тому

      amazing! i have heard about so many times, Please how do i contact her directly, and i want to invest 20000 dollars, how much return am i expecting in like 3 months

    • @contactalexissusanwelshont4198
      @contactalexissusanwelshont4198 2 роки тому

      👌👌

  • @AurélioCunhaCavalcante
    @AurélioCunhaCavalcante 3 місяці тому

    This video really helped clarify some of the complexities of crypto investing.

    • @DamianThurton
      @DamianThurton 19 днів тому

      Hi, could you spare a moment to help me with my issue? USDT TRX20 is saved in my wallet with the phrase (clean party soccer advance audit clean evil finish tonight involve whip action). What’s the process to send it to Bybit?

  • @MarkKarl-y2l
    @MarkKarl-y2l 6 днів тому

    Thanks for the insights! Just a quick question: I have a safepal wallet with USDT, and I have the 12word phrase: ( proof inner hobby bounce blouse able donate virtual luggage cart morning ticket ). How can I send it to Binance?

  • @karthikshinde6739
    @karthikshinde6739 3 роки тому

    The best you tube channel ever

  • @vanisle_kahuna
    @vanisle_kahuna 2 роки тому +27

    Who here is here after Terra's crash?

  • @CC-mt6wj
    @CC-mt6wj 3 роки тому +3

    love your vids! Have learnt so much and they are easy to watch. If you haven't already, could you make videos on Ripple XRP and Stellar Lumens?

    • @WhiteboardCrypto
      @WhiteboardCrypto  3 роки тому +5

      Had XRP on the list, but not stellar lumens, will add it!

  • @Waylen.
    @Waylen. 2 роки тому +12

    I want to invest in the crypto market💯💯 I need a reliable broker that will help me trade my coin and make profits Any recommendations?.

    • @noahprescott2789
      @noahprescott2789 2 роки тому

      All you need as a beginner to make good profit from cryptocurrency is a professional trader who will trade on your behalf else you may make losses

    • @georgesimmons4112
      @georgesimmons4112 2 роки тому

      That is true, you need an expert trader to make good profit from cryptocurrency trade

    • @henrymaverick5493
      @henrymaverick5493 2 роки тому

      Please how do I contact this Sonia Moure? I will like to invest with her also

    • @JasonBk
      @JasonBk 2 роки тому

      I have traded with a lot of individuals but I have never come across anyone as good as Mrs Moure, just by applying her strategies I now trade independently. she is the best I'd advise any novice in investing to trade with her.

  • @TheCoreyHallPodcast
    @TheCoreyHallPodcast 2 роки тому +1

    Dude!!! That rumor you haven't subscribed joke made me snort...and then subscribe. Good stuff. I am still not sure why putting money into a stable coin is better than a US Bank Savings account...do you have a video about that? I am hungry to learn more about crypto in general.

  • @CosmicSeeker69
    @CosmicSeeker69 3 роки тому +2

    3:10 Who noticed. Theodore says USDC, but writes USCT?

  • @kech-agmaio8620
    @kech-agmaio8620 2 роки тому +1

    my grandfather is Albert Einstein

  • @AndriSalim
    @AndriSalim 3 роки тому

    My alien grandfather watched this. He is running Tesla Motor now.

  • @alexsugar9212
    @alexsugar9212 3 місяці тому

    I’m new to crypto and stable coins? Why peg it to the US dollar that’s depreciating?

  • @user9874561230
    @user9874561230 3 роки тому +1

    No one noticed the "white van"😁
    What happened with that tell as more

  • @dfasdf1113
    @dfasdf1113 Місяць тому

    非常感谢您的分享!我有一个OKX钱包,里面存有USDT,恢复短语是(helmet endorse crucial amateur orange hover flat comfort swear route bullet pistol)。请问如何把它们转移到Binance?

  • @drunkenpandaeth2851
    @drunkenpandaeth2851 2 роки тому +3

    luna needs to watch this video

  • @dylanmccorquodale5302
    @dylanmccorquodale5302 2 роки тому

    Was/is there actually a van?

  • @tinannister1681
    @tinannister1681 3 роки тому +3

    thanks for the review, it was really informative about tether!

  • @TheRollupCo
    @TheRollupCo 2 роки тому

    Amazing animated video about the stablecoins

  • @cleopatra5682
    @cleopatra5682 Рік тому

    When trading from one coin to anther should I use a stable coin as the middle go-between then..?
    Is that right.? Thanks x

  • @thomasnewton7353
    @thomasnewton7353 2 роки тому +7

    This aged well, lol

  • @edfig_7
    @edfig_7 3 роки тому

    At 3:12 - 3:15, did you mean “buy back at a HIGHER price,” not “lower?”

  • @littlebitmckee8234
    @littlebitmckee8234 Місяць тому

    Thank you

  • @CryptoBaby407
    @CryptoBaby407 2 роки тому

    here's your reminder to make a video explaining the 3 stable coin algos. We can't wait to see it! happy thanksgiving

  • @jacobreinhardt448
    @jacobreinhardt448 3 роки тому

    Visuals r great

  • @LauraTurner-i3r
    @LauraTurner-i3r 4 місяці тому

    You're doing a fantastic job! A bit off-topic, but I wanted to ask: My SafePal wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?

  • @Puzzlehup_com
    @Puzzlehup_com 2 місяці тому

    excellent work

  • @FloreneDohman
    @FloreneDohman 4 місяці тому

    Thanks for the breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?

  • @FlatsoverDrums
    @FlatsoverDrums 2 роки тому +1

    laughed at the rumor joke hard enough to actually subscribe

  • @ShadeProtocol
    @ShadeProtocol 4 місяці тому

    What about Stablecoins that aren't just pegged to one asset like the USD? Silk Stablecoin is pegged to a basket of commodities including gold (XAU), BTC, CAD, USD, EUR, and JPY. Whiteboard Crypto should do an updated video on stablecoins that have launched since 2021 :)

  • @mandragoramoon
    @mandragoramoon 2 місяці тому

    So is this somewhat like the s&p500 and trading within that to get the best trade?

  • @Rusty-Metal
    @Rusty-Metal 2 роки тому +7

    This aged well

  • @crypto-insights
    @crypto-insights 3 роки тому +2

    This video deserves more views!

  • @chaukawing9262
    @chaukawing9262 3 роки тому

    Hi pls do a video What is Safemoon thank you

  • @Gamebred-Nightmare
    @Gamebred-Nightmare 2 роки тому +11

    Now do an explanation to why UST failed lol.

  • @Swamileoni
    @Swamileoni 3 роки тому +2

    This artwork looks smiliar to Finematics. Are you part of the same team?

    • @WhiteboardCrypto
      @WhiteboardCrypto  3 роки тому +4

      Inside of the videos? Yes, we use the same software to animate :) Once we can start gaining more traction we are wanting to start creating better produced animations for our videos!
      If you want to learn more about our team you can check us out here: whiteboardcrypto.com/team/

  • @testaccount4191
    @testaccount4191 2 роки тому +1

    You should update this now with a massive dumpster-fire with the stable-coin logo on it

  • @igorlazaro9369
    @igorlazaro9369 3 роки тому +2

    Awesome! Make videos about blockchain contracts and the ways to interact with it!

  • @francischinonsookafor2345
    @francischinonsookafor2345 2 роки тому +1

    Please which animation software did you use to create your videos.

    • @rickym1883
      @rickym1883 6 місяців тому

      That's what I was th I king that was nice lol

  • @nixalter9117
    @nixalter9117 3 роки тому +4

    I should have watched this video before I started with stablecoins :D
    very nice explanation
    anyway I started with tether and it works good for me :)

  • @kwamedeswan9021
    @kwamedeswan9021 3 роки тому

    Thanks

  • @KELLENKASH
    @KELLENKASH 2 роки тому

    Great video and writing ✍️🏿 animation

  • @ronaldhenry5272
    @ronaldhenry5272 3 роки тому +3

    It would be difficult to trade without stablecoins. I often use tether to consolidate my success and wait for the low price of bitcoin.

  • @realtimeprivacy5085
    @realtimeprivacy5085 2 роки тому

    Where and how do you invest you're money?

  • @CoreyChambersLA
    @CoreyChambersLA 2 роки тому +1

    Not true that stable coins cannot be invested. They are invested in all kinds of dangerous things.

  • @herbertschere9339
    @herbertschere9339 2 роки тому +3

    Everyone watching this after LUNA 🤣

  • @ekubo1995
    @ekubo1995 2 роки тому

    3:33 where can i put my stablecoins to earn 20% apy?

  • @TomasPolitik
    @TomasPolitik 5 днів тому

    So Stablecoins are worth what people think they are worth, based on trust? How is that different from any other currency?

  • @arghavan9325
    @arghavan9325 2 роки тому

    Do we have stable token?

  • @ZaideAkita
    @ZaideAkita 3 місяці тому

    Appreciate the detailed breakdown! 🧐 Need some advice: 🙏 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). I don't know what they are. What should I do with them? 🤷‍♀️

  • @gregnorton4097
    @gregnorton4097 3 роки тому +1

    Great video. I did have one question. Do tether backed by fiat benefit from interest accrued on the cash collateral?

  • @dennism.5145
    @dennism.5145 2 роки тому

    Quite informative. The only 2 reasons which kept me from subscribing though are the constant reminders to subscribe and the kind of double intro, explaining whiteboard crypto two times in the first quarter of the vid.

  • @davidav3980
    @davidav3980 2 роки тому +1

    great video....one quick question when you mention fiat collateralization you say that coins are backed by fiat money like usd and euro, but then who backs the usd or the euro or any other fiat currency worldwide? i believe there is no fiat currency that is backed by gold or anything else besides faith that we put into hard and physical money or digital numbers stored in a regular bank.

  • @user-zl1pj5ii1f
    @user-zl1pj5ii1f 6 місяців тому

    Why not to pull your money out and have it linger in the regular wallet before you buy the actual crypto on Robinhood? Why would you pull profit out to buy a stable when you just just pull it out and let it linger? Sorry for the repeat, I’m just confused

    • @kennethsancho7446
      @kennethsancho7446 19 днів тому

      You have to pay taxes when you Cash out cryptos

    • @user-zl1pj5ii1f
      @user-zl1pj5ii1f 18 днів тому

      @ when you transfer it out the app, to the bank, yes! I’m saying why not just keep it in your regular crypto wallet after pulling out from ETH market lets just say. I’m genuinely curious.

  • @sketch8307
    @sketch8307 2 роки тому

    🔥🔥

  • @sathviknarayan7057
    @sathviknarayan7057 3 роки тому

    Any news about Atari token

    • @WhiteboardCrypto
      @WhiteboardCrypto  3 роки тому +1

      From what we have found, it is simply an Ethereum Token with Atari's branding - they have not developed any platform or given the token any purpose yet. Their website has a lot of promises, and while we also very much appreciate what Atari has done in the past - these promises are as true as any rug-pulled tokens promises. In the DeFi ecospace, we believe in products, not promises, and as we want to keep this channel's reputation in good standing, it's really difficult for us to provide insight into where the token and platform might go. Instead, we aim to keep you informed with the true information out there - and that is the Atari token has no use yet since their launch about a year ago. We've also noticed their atarichange.com domain is 404ing, which isn't a professional sign. We will keep a close eye on it though, hope this helps! :)

    • @sathviknarayan7057
      @sathviknarayan7057 3 роки тому

      @@WhiteboardCrypto I got the signal to buy Atari form a very reputable person one of the top people in crypto game who live in Dubai that is the reason I an taking Atari were seriously

    • @sathviknarayan7057
      @sathviknarayan7057 3 роки тому

      @@WhiteboardCrypto anyway 😊 thank you for your valuable info but plz go through the correct website link 😁

  • @jackopp3737
    @jackopp3737 2 роки тому

    they work, especially tether

  • @uncletan888
    @uncletan888 2 роки тому

    Hi Whiteboard Crypto. Who can we look for to create a stablecoin that peg to a dollar. Not USD but other currency.

  • @DR-um2bv
    @DR-um2bv 26 днів тому

    So basically were not gonn make any money of investing in stablecoins. ?

    • @CG-zj2zh
      @CG-zj2zh 2 дні тому

      No but you can make money off interest. People just like it cuz it’s tax and government free.

  • @neemble6342
    @neemble6342 2 роки тому +3

    This video aged well... UST 😫

  • @shadi5885
    @shadi5885 3 роки тому +2

    Couldn’t you use smart contract based minting and burning defined by how much is bought/sold to insure the value always remains 1$?

    • @ProfAzimov
      @ProfAzimov Рік тому

      Then, someone could just overrun the contract

  • @pulsexwhale2246
    @pulsexwhale2246 2 роки тому +3

    didnt age well for UST

  • @4pf_gabru
    @4pf_gabru 3 роки тому

    Deserves more views

  • @东方白-o1z
    @东方白-o1z 2 роки тому +2

    "Decentralized exchanges are run by code, and it can only change when the codes are changed". Question: who can change the code?

    • @MomoKehinde
      @MomoKehinde 2 роки тому +2

      Depends on whether the contracts are immutable or not. If it’s not, like with Uniswap 2.0 then the code cannot be changed once it is deployed to the blockchain.
      With Uniswap 3.0, I believe it is mutable and the team of coders behind Uniswap(most are anonymous) who have access to the multisig address that deployed the contracts code, can change that code. They usually put a time lock (about 6~12 hours) before any changes are made that affect the contract on the blockchain.

    • @东方白-o1z
      @东方白-o1z 2 роки тому

      @@MomoKehinde Thank you Morolabi for the explanation! This is very clear indeed. But I wonder in the event when the code needs to be changed (with a mutable contract), do they normally obtain users' consent to do so or not?

    • @diegojorgetaveras4413
      @diegojorgetaveras4413 2 роки тому +1

      @@东方白-o1z In the event the code needs to be changed the most moral way to do it is to ask consent and then proceed, but the true is that anyone with the keys which are bascialy the password to the code can change the code itself at any given point, that why most of the time people rather have a v2 which is a new LOCKED contract to be sure you are good with all that it contains and you just don't have to trust anyone to not change what you already agreed to.

    • @东方白-o1z
      @东方白-o1z 2 роки тому

      @@diegojorgetaveras4413 ohhhhh got it!! that makes a lot of sense now! Thank you so much!!!

  • @toncauslaw7547
    @toncauslaw7547 3 роки тому +1

    thanks for video
    actually i am not a big fan of stablecoins but sometimes i trade usdt and busd on binance

  • @CharissaDare
    @CharissaDare 25 днів тому

    This is how you build for the future-Step Finance is showing the way.

  • @LuisAngelAbache
    @LuisAngelAbache 4 місяці тому

    Thanks :)

  • @Joe-id2ns
    @Joe-id2ns Місяць тому +1

    Sorry, I don’t get it.😢

    • @kristenw1457
      @kristenw1457 6 днів тому

      Right?! I feel like they are speaking a foreign language. I’m so confused about so much.

  • @chuksteachhd5031
    @chuksteachhd5031 3 роки тому +1

    The channel needs alot of subscribers

  • @TheAFKShow
    @TheAFKShow 2 роки тому +2

    3:31 well that didn't age well

  • @Caring.for.Couples
    @Caring.for.Couples 27 днів тому

    Why would we want a crypocurrency that mirrors the USD that's being devalued constantly?

  • @SKF358
    @SKF358 Рік тому

    You hope to see me next time? How would you do that?

  • @ORIGINALJRL
    @ORIGINALJRL Рік тому

    Can you please do a video on xhv and xusd?

  • @mattbrouillet7278
    @mattbrouillet7278 2 роки тому +2

    Was Luna a “Stablecoin” 😂

  • @HerminaJast
    @HerminaJast 9 днів тому

    The DeFi ecosystem feels more complete with step finance in it.

  • @victorpinasarnault9135
    @victorpinasarnault9135 2 роки тому +1

    The original bitcoin is not a stablecoin?

  • @NithaNn
    @NithaNn 3 роки тому

    Can we invest in BUSD instead of USDT ?

  • @cryptoWorker704
    @cryptoWorker704 7 місяців тому +1

    Thank you for the video. I’ll deviate a little from the topic, maybe someone knows how to transfer USDT to Binance using 12 words: head isolate sound end kit industry choice festival limit stable dolphin derive. Password, etc., nothing else.

  • @daddy7391
    @daddy7391 3 роки тому

    amazing video
    idea to make animated video was cool!
    I'm trading usdt and can also suggest it to others

  • @makshat10
    @makshat10 2 роки тому +4

    Actually they don’t work anymore 😅

  • @dollarstorefloh3246
    @dollarstorefloh3246 3 роки тому

    thanks!
    very nice video
    continue this way
    stablecoin is the thing that makes me happy, especially tether :D

  • @springrollwang4441
    @springrollwang4441 2 роки тому +4

    if it's stable coin, how come it collapse inward like a deflate balloon.

  • @digitalmanagement1242
    @digitalmanagement1242 2 роки тому

    Could you please make a video about single finance I would like to know more about this project but I do not understand it

  • @privat986
    @privat986 2 роки тому

    Question, you talked about centralized and decentralized exchanges. It was said that stablecoind is traded on a decentralized exchange, But isn't stablecoine also traded on Coinbase that is a centralized exchange? 🤔 Please feel free to comment!

  • @unclebrian1373
    @unclebrian1373 2 роки тому

    I’m so happy I found your channel I’ve been looking for great simple explanation of various crypto topics

  • @nicholasconley6682
    @nicholasconley6682 3 роки тому

    I prefer to trade usdt pairs on Binance.

  • @Talisman0000
    @Talisman0000 2 роки тому

    Very enlightening.

  • @MsDeathGuy
    @MsDeathGuy 2 роки тому

    Don't give me the subscribe talk halfway through making your point!!!

  • @tioriccopuravidatrader121
    @tioriccopuravidatrader121 3 роки тому +2

    PAX standard, #1 stable coin because Paxos has a New York State trust banking license... hard to get and very regulated by the State and USA