CryptoQuant Data Guide CH
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  • QUICK START
    • 巨鲸抛售
    • 矿工售币
    • 巨鲸囤币
    • 大额场外交易
    • 买卖压力
    • 市场趋势
    • 市场情绪
  • MARKET INDICATORS
    • MVRV比率
    • 预估杠杆率
    • 稳定币供给比率
  • NETWORK INDICATORS
    • NVT比率
    • NVT黄金交叉
    • 普尔倍数
    • 存量产量比
    • 存量产量比的回归
    • NVM比率
  • FLOW INDICATORS
    • 交易所巨鲸比率
    • 资金流动比率
    • 稳定币比率
    • 矿工持仓指数
  • MARKET DATA
    • 未平仓量
    • 资金费率
    • 接受者买卖成交量/比率
    • 市值模型
  • FUND DATA
    • 灰度比特币信托(GBTC)
      • GBTC数字资产持仓
      • GBTC溢价或折扣
    • 灰度以太坊信托(ETHE)
      • ETHE数字资产持仓
      • ETHE溢价或折扣
  • EXCHANGE FLOWS
    • 交易所储备
    • 交易所流入/流出与净流入
    • 交易所地址数量
    • 交易所交易笔数
  • STABLECOIN EXCHANGE FLOWS
    • 稳定币交易所储备
    • 稳定币交易所流入/流出与净流入
    • 稳定币交易所地址数量
    • 交易所稳定币交易笔数
  • MINER FLOWS
    • 矿工流出量
  • INTER ENTITY FLOW
    • 交易所间转账总额
    • 矿工向交易所转账总额
  • STABLECOIN NETWORK DATA
    • Stablecoin Network Data
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  1. STABLECOIN NETWORK DATA

Stablecoin Network Data

Details about stablecoin issuing mechanism

上一页矿工向交易所转账总额

最后更新于3年前

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Stablecoin Issuing Mechanism

‌

Each individual Stablecoin is created by an issuing company and each of these companies operates with a different issue mechanism. There are many of these but the two most common are as follows.‌

Example 1​‌

Before providing clients with the granting address, the issuing company holds a treasury address. Through the contract, the tokens are minted and held in the treasury address. Once the client sends fiat currency, the clients' tokens are moved from the treasury address to the client address and the tokens are listed as being issued. Conversely, when redeeming tokens for fiat, the tokens are sent to the treasury address and redeemed. This won't be reflected in the supply unless these tokens are burned using a contract by the issuing company. The circulating supply is calculated as tokens that have been issued to clients, ignoring the supply held in the issuing company wallets.

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Example 2​‌

In this method, there is no separate treasury address. After confirming the deposit of fiat, tokens are minted from the contract address and delivered directly to the client's address. Minting and issuance occur simultaneously. When clients redeem tokens, the burn and redemption also are simultaneous. This means that with this method, total supply and circulating supply will be the same. There are various methods for Stablecoin issuance, and we calculated supply and locate significant transactions. based upon these types of factors. In the future, mint/issue/burn/redeem will be added to our available metrics and will be defined as listed below.

Term

Definition

Mint

Mint is a creation of new tokens that add to the supply. When tokens are minted, the total supply will increase.

Issue

The Issue is when tokens are delivered to clients after the deposit of fiat has been confirmed. When tokens are issued, the circulating supply will increase.

Burn

Burn is a revocation of currently existing tokens that results in a decreased supply. The opposite of Mint.

Redeem

Redeem is an exchange of tokens for deposited fiat that results in a decrease in the circulating supply. The opposite of Issue.