[Ads-l] stablecoin (crypto) (2013)

Barretts Mail mail.barretts at GMAIL.COM
Tue Jun 18 13:12:54 UTC 2019

I have been seeing the word “stablecoin” in general media news articles for months. With Facebook’s libra expected to be a stablecoin, the word should gain even more traction.

https://en.wikipedia.org/wiki/Stablecoin <https://en.wikipedia.org/wiki/Stablecoin>
https://en.wiktionary.org/wiki/stablecoin <https://en.wiktionary.org/wiki/stablecoin>

Not in the OED or Merriam-Webster.

The earliest citations I found are for a coin named StableCoin in June 2013. The earliest generic use I found is May 2014.

1. https://mashable.com/article/facebook-libra/ <https://mashable.com/article/facebook-libra/>
Facebook announces Libra cryptocurrency with a massive list of partners
18 Jun 2018
Stan Schroeder

Libra itself is a stablecoin — a special type of cryptocurrency that remains fairly stable compared to the value of another fairly stable real-world asset, such as the U.S. dollar. Unlike most stablecoins today (USDC, TUSD and DAI are examples), the value of Libra will not be pegged to the value of a single fiat currency (like the U.S. dollar), but its value should never go up and down by 10% on a daily basis as it sometimes happens with cryptocoins such as Bitcoin and Ethereum. 

Libra will be fiat-backed, meaning that there will be a $1 worth of bank deposits and short-term government securities guaranteeing for every $1 worth of Libra. 


2. https://bitcointalk.org/index.php?topic=227766.0 <https://bitcointalk.org/index.php?topic=227766.0>
7 Jun 2013

From Death Comes Life – The Rebirth of StableCoin

StableCoin has been relaunched.


The Bitcoin forum allows posts to be edited. Presumably, this post originally announced StableCoin and has been edited for the relaunch. 

3. https://github.com/stablecoin?tab=overview&from=2013-12-01&to=2013-12-31 <https://github.com/stablecoin?tab=overview&from=2013-12-01&to=2013-12-31>
6 Jun 2013

StableCoin joined GitHub 

4. https://cryptometer.org/stablecoin_90_day_charts.html <https://cryptometer.org/stablecoin_90_day_charts.html>
Genesis block date of StableCoin listed as 7 Jun 2013

5. https://www.reddit.com/r/StableCoin/ <https://www.reddit.com/r/StableCoin/>
14 Mar 2014

Now, Stablecoin is dead, Artos hasn't spoken since January and his last login at BitcoinTalk was on February 3rd. Many of us still hold SBC since it's pointless to sell as there are no buyers.


6. https://bitcointalk.org/index.php?topic=595588.0 <https://bitcointalk.org/index.php?topic=595588.0>
10 May 2014
Re: Hayek Money: The Cryptocurrency Price Stability Solution

Why is it important that people see "200 stablecoins" rather than "200 stablecoins worth of bitcoin" in their forward payment agreements? 


I read this use of “stablecoin” as being generic use, not referring to StableCoin.

7. https://en.wikipedia.org/wiki/Tether_(cryptocurrency) <https://en.wikipedia.org/wiki/Tether_(cryptocurrency)>
The best-known stablecoin is tether, or USDT. The word “tether” is even a verb meaning to convert to tether (as a hedge against dropping crypto prices). Wikipedia says it became active as tether in January 2015.

Benjamin Barrett
Formerly of Seattle, WA
The American Dialect Society - http://www.americandialect.org

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