Glossary (Stablecoin)
Entry into Stablecoin data/indicators
Data/Indicator | Definition | Interpretation |
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-Type of cryptocurrency that is pegged to a fiat currency -How stablecoin is issued | -Stablecoin with treasury account -Stablecoin without treasury account | |
Amount of Stablecoin deposited/withdrawn into/from the exchange wallets. |
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The amount of the stablecoins held in the exchange addresses |
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The number of unique addresses making inflow/outflow transactions of exchanges |
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The total number of deposits/withdrawals transactions of the exchange |
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Defined as a ratio of the Market Cap of BTC divided by the Market Cap of all Stablecoins |
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This section identifies the look out point for individual indicators. These indicators could be divided by their identity and the usefulness in trading. Each indicator utilized each feature of stable coin and put together they cover multiple aspects and capture movements in stablecoin relatively precisely.
If you want to make use stablecoin feature of by figuring out
Checking the flow into the exchange is a great way to keep track of stablecoins that could be medium to buy cryptocurrencies or liquidity of derivative market
Checking the Stablecoin Reserve in exchange helps measuring buying power in the exchange
Checking the active address count or transactions is a great way to figure out how much addresses are participated in the movement in the price and find out the sentiment behind it
To figure out the power balance between the BTC and Stablecoin by market cap