Recent Concerns about Stablecoins and the Rise of Everlodge
Recently, the actions taken by the U.S. Securities and Exchange Commission (SEC) have raised concerns about the safety and reliability of stablecoins like USDC and DAI, which are seen as alternatives to paper currencies. However, amidst this uncertainty, a project called Everlodge is gaining popularity. Everlodge combines encryption and the sharing economy, similar to Airbnb.
Changes in the Stablecoin Landscape
The stablecoin landscape has recently undergone significant transformations. Tether, unexpectedly, has emerged as a leading stablecoin, despite the existence of other competitors such as USDC, DAI, UST, and BUSD.
USDC and BUSD Face Pressure from the SEC
Notably, the SEC’s intervention has prompted Paxos, the issuer of BUSD, to suspend its operations. Additionally, the vulnerability of Al-Khwarizmi’s terrestrial reservoir of exploitation has created a reconfigured environment for stablecoins.
Concerns Surrounding USDC
Furthermore, actions taken by Circle of Coinbase, freezing USDC holdings of certain individuals due to suspicions of illicit income generation using Tornado Cash, have raised doubts about the reliability of USDC as a store of value.
Exploring DAI
In May 2023, DAI diversified its asset support to reduce dependence on USDC from Circle and address concerns about centralization. The new support includes Ethereum, US bonds, and Real World Assets (RWAs). However, there are still concerns about centralization and exposure to US regulations for DAI-related entities.
Finding Alternatives: Everlodge and Real-World Assets
Given the growing concerns about stablecoins and their less attractive interest rates, investors are actively seeking alternative methods. Everlodge offers a solution by marking up luxury real estate through partnerships with key players in the global vacation market. This allows investors to engage through share acquisitions starting from just $100, providing a way to participate in the real-world asset section via vacation homes.
The backbone of the Everlodge ecosystem is its native token, ELDG, which enables staking with an attractive 10% annual interest rate. ELDG holders can also generate income by leasing out the free stays they receive as part of their token ownership.
Everlodge is currently in its beta phase, priced at $0.01, with an expected launch price of $0.038. Analysts maintain a bullish view on ELDG, suggesting it can be used for hedging against inflation and potentially earning back.
For more information about Everlodge (ELDG) Presale, visit their website or join their Telegram group.
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