On the one hand, the fact that the exchange is removing, behind the scenes, USDC as one of its pegs would suggest that it might be a grander play to delete the stablecoin from history after it gets absorbed. After all, one of the functions of stablecoins, aside from their use in trading pairs, is to provide dollar stability that their name endows. Author: Sam Reynolds, James Rubin Source link
Approximately 14 days ago, the stablecoin neutrino usd (USDN) tapped a high of $0.994 per unit, and ever since then, USDN has not been able to rise above the $0.97 per unit range. The dollar-pegged asset is associated with the Waves blockchain protocol, and recently the Neutrino Protocol decided to add a token called SURF to USDN’s reserve basket in order to “improve the mechanics of recapitalizing USDN reserves.” Waves Stablecoin USDN Falters, Team Adds SURF to Improve Algorithmic Stablecoin’s Reserve Mechanics, Waves Founder Dismisses Critics Another stablecoin has shown…
Tl;dr: A common challenge with distributed systems is how to ensure that state remains synchronized across systems. At Coinbase, this is an important problem for us as many transactions flow through our microservices every day and we need to ensure that these systems agree on a given transaction. In this blog post, we’ll deep-dive into Overseer, the system Coinbase created to provide us with the ability to perform real-time reconciliation. By Cedric Cordenier, Senior Software Engineer Every day, transactions are processed by Coinbase’s payments infrastructure. Processing each of these transactions…