Zelcore

Stablecoins 2026

A five-part guide to stablecoins after the GENIUS Act: how regulated USDC/USAT/PYUSD/RLUSD compare to offshore USDT, why DAI became USDS, how to choose a chain, and how to spot a de-peg before it lands.

  1. 01

    What a Stablecoin Actually Is: Reserves, Redemption, and Issuer Risk

    Three radically different mechanisms hide under one word. Here is what fiat-backed, crypto-collateralised, and algorithmic stablecoins actually do — and where each one breaks.

    9 min read · beginner

  2. 02

    The GENIUS Act Tier: USDC, USAT, PYUSD, RLUSD — What 'Regulated' Actually Buys You

    An issuer-by-issuer walk through the US-regulated stablecoin tier in 2026: charters, custody, attestations, and what regulation does — and doesn't — protect.

    9 min read · intermediate

  3. 03

    USDT, Offshore: Same Ticker, Three Different Trust Models on Tron, Ethereum, and TON

    USDT runs on Tron, Ethereum, TON and Solana with the same ticker but four different fee structures, freeze regimes and trust assumptions. Here is what changes per chain.

    8 min read · intermediate

  4. 04

    DAI to USDS, and Why Crypto-Collateralised Stablecoins Still Matter in 2026

    How MakerDAO became Sky, what USDS actually does, and why crypto-collateralised dollars still earn a seat at the table after the GENIUS Act.

    8 min read · intermediate

  5. 05

    Choosing a Stablecoin and Spotting De-Peg Red Flags

    A practical capstone on picking the right stablecoin and chain for your use case, plus the red flags that warn you a peg is about to break.

    9 min read · intermediate

Start with Part 01
    Stablecoins 2026 | Zelcore Academy