Hayek Tech designs the world’s decentralized stablecoin USDH.
Joined February 2022
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Proud to share that @nex_capital is now backing us.
Quality capital for quality infrastructure.
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Lead investor update: Backed @Hayek_Tech at a valuation that reflects both current traction and future potential.
Proud to support the project's mission to bring institutional capital onchain efficiently👏👍
@Hayek_Tech @ETHGlobal
Video documenting the growth of the elite and the path of stablecoins.
Stablecoins may be pegged to a currency like the U.S. dollar or use an algorithm to control supply. They also maintain reserve assets as collateral or through algorithmic formulas that are supposed to control supply.
How Does Stablecoin Work? Stablecoins attempt to peg their market value to some external reference, usually a fiat currency or mainstream crypto BTC/ETH. They are more useful than more-volatile cryptocurrencies as a medium of exchange.
Stablecoin aims to provide an alternative to the high volatility of popular cryptocurrencies, including BTC & ETH, which can make cryptocurrency less suitable for common transactions.
Hayek Tech is named after the Austrian economist Friedrich Hayek, best known for his defense of classical liberalism and for winning the 1974 Nobel Memorial Prize in Economics. USDH is a new paradigm in global stablecoin protocol design, decentralized and highly autonomous.
The stablecoin market has shown strong resilience and proven its importance. Hayek seeks to be the first stablecoin protocol that implements the design principles of creating a highly scalable, trustless, extremely stable, and pure on-chain cryptocurrency, USDH.
Hayek Tech is named after the Austrian economist Friedrich Hayek who is best known for his defense of classical liberalism and won the 1974 Nobel Memorial Prize in Economics.
Although on-chain stablecoins continue to emerge, more than 90% of the market value is still concentrated on centralized stablecoins. With the strengthening of regulatory discourse and the trend of central bank digital currency issuance.
The innovations of these emerging stablecoins include diversified collaterals, collateral liquidation mechanisms, and revenue mechanisms that give back to the community.
In addition to Tether and USDC, we have also seen the emergence of many on-chain stablecoins, which reflects the demand for different stablecoin types (collateral, lending, nesting dolls) in the DeFi field.
As of December 2023, CoinGecko data shows that the total market value of the stablecoin market is approximately US$130 billion, of which Tether (USDT) accounts for approximately 70%, USDC accounts for about 20%.
The stablecoin market has shown strong resilience and proves its importance in the cryptocurrency ecosystem, and Its trend of rapid expansion continues.
From the bull market in 2021 to the bear market in 2023, the cryptocurrency market has changed significantly. The total market capitalization fell from US$3 trillion to US$1 trillion, but the stablecoin market capitalization only decreased by 30%.
Ordinals Reach New Heights in Popularity, Solana On-Chain Transaction Volume Surpasses Ethereum, Worldcoin Launches World ID 2.0, etc
What's more!
Users can mint/exchange tokens every time they access the app using a web3 wallet (eg Metamask and more to come). This means that you are actually creating or destroying tokens as if each of us were our own central bank.
