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How Is the Utility of a Stablecoin Different from a Governance Token?

A stablecoin's utility is to serve as a reliable medium of exchange and a store of value with minimal volatility, typically pegged to a fiat currency. Its intrinsic value is derived from the collateral backing it and its role as a transactional unit.

A governance token's utility is to grant voting power over a protocol's future, making its intrinsic value tied to the protocol's success and potential for revenue capture. Stablecoins are valued for stability; governance tokens are valued for control and upside.

How Can a Perpetual Futures DEX Be Valued Using Protocol Revenue?
How Is a Token Burn Often Used as a Mechanism for Revenue Sharing or Protocol Fee Distribution?
What Is the Significance of the Price-to-Sales (P/S) Ratio in Valuing a Revenue-Generating Protocol?
How Does a protocol’S Fee-Sharing Mechanism with Stablecoin Holders Impact the Native Token’s Value?