Altcoin Cryptocurrency Equivalent to USD Most Stable

kevindjunaidi

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Quote from: designbuyers on April 29, 2021, 08:13:30 PM

I found the Cryptocurrency Equivalent to USD Most Stable,

Most stable:

Tether ($USDT)
USD Coin ($USDC)
mStable USD ($MUSD)
Binance USD ($BUSD)
TerraUSD ($UST)
HUSD($HUSD)

Other that not more stable:

Dai ($DAI)
Paxos Standard ($PAX)
Reserve tokens ($RSV)
Gemini Dollar ($GUSD)
TrueUSD ($TUSD)

What do you think? and how you can find the most stable coin?

currently there are too many stable coin, but I still use USDT and BUSD, then I think USDT and BUSD are stable coin that are very safe to use at this time, so I don't need to look for any stable coin anymore, because USDT and BUSD have a high volume and are very popular for now, so that makes it easier for me to use USDT and BUSD for now (buy or sell).

designbuyers

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Activity: 325

Merit: 253

Quote from: wajik-tempe on April 29, 2021, 09:13:43 PM

Quote from: designbuyers on April 29, 2021, 08:13:30 PM

I found the Cryptocurrency Equivalent to USD Most Stable,

Most stable:

Tether ($USDT)
USD Coin ($USDC)
mStable USD ($MUSD)
Binance USD ($BUSD)
TerraUSD ($UST)
HUSD($HUSD)

Other that not more stable:

Dai ($DAI)
Paxos Standard ($PAX)
Reserve tokens ($RSV)
Gemini Dollar ($GUSD)
TrueUSD ($TUSD)

What do you think? and how you can find the most stable coin?

I think they're all the same because those follow USD mostly. But I prefer coins with "USD" on their abbreviation more like a stable for me because it must follow the price of the fiat. Maybe some of them will only have slight differences in terms of price

Usually to do this to park in the exchanger if you used to exchange and want a break, and want to exchange to the more stable coin if you do not plan to do more trades at this time, I thought it will be good to do if plan to take a break, so I was researching coins that are the stable and same value of 1 USD each coin.

Quote from: Little Mouse on April 29, 2021, 11:17:19 PM

Quote from: OcTradism on April 29, 2021, 10:24:45 PM

With stable coins, you have double risks: risk for the value of USD, and risk for government actions.

You have stable coins like DAI which are decentralized and the chance of getting shut down is pretty low than a centralized stable coin. Well, if you think USDT may collapse, DAI may collapse, then you can't disagree that USD may also collapse.

I do not know who is behind the stable coins.

Little Mouse

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Quote from: OcTradism on April 29, 2021, 10:24:45 PM

With stable coins, you have double risks: risk for value of USD, and risk for government actions.

You have stable coins like DAI which is decentralized and the chance of getting shut down is pretty low than centralized stable coin. Well, if you think usdt may collapse, DAI may collapse, then you can't disagree that USD may also collapse.

OcTradism

hero member

Activity: 1722

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The opinion to call a cryptocurrency is pegged by USD is stable as a stable coin is not correct.

Its value or stability depends on the value of USD. If USD has accident for any reason, USD-pegged stable coins will not be stable.

Furthermore, I think USD is better than stable coin, for long term. Tether USD can be collapsed, shut down but the US government and USD won't. The convenience from USDT or other USD-pegged coins is they give your fast and easy method to move your fund.

With stable coins, you have double risks: risk for value of USD, and risk for government actions.

wajik-tempe

sr. member

Activity: 1022

Merit: 252

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Quote from: designbuyers on April 29, 2021, 08:13:30 PM

I found the Cryptocurrency Equivalent to USD Most Stable,

Most stable:

Tether ($USDT)
USD Coin ($USDC)
mStable USD ($MUSD)
Binance USD ($BUSD)
TerraUSD ($UST)
HUSD($HUSD)

Other that not more stable:

Dai ($DAI)
Paxos Standard ($PAX)
Reserve tokens ($RSV)
Gemini Dollar ($GUSD)
TrueUSD ($TUSD)

What do you think? and how you can find the most stable coin?

I think they're all the same because those follows USD mostly. But i prefer coins with "USD" on it's abbreviation more like stable for me because it must follow the price of the fiat. Maybe some of them will only have slight different in terms of price

designbuyers

sr. member

Activity: 325

Merit: 253

Quote from: Charles-Tim on April 29, 2021, 08:22:48 PM

Quote from: designbuyers on April 29, 2021, 08:13:30 PM

What do you think? and how you can find the most stable coin?

No coin is stable, they are only pegged with fiat, and fiat is not stable but controlled by a central authority which are the governments, the central bank specifically.

Yes, I understand, but for some time I've been watching it and found most stable or at least pegged with fiat.

Charles-Tim

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Activity: 1512

Merit: 4795

Quote from: designbuyers on April 29, 2021, 08:13:30 PM

What do you think? and how you can find the most stable coin?

No coin is stable, they are only pegged with fiat, and fiat are not stable but controlled by central authority which are the governments, the central bank specifically.

designbuyers

sr. member

Activity: 325

Merit: 253

I found the Cryptocurrency Equivalent to USD Most Stable,

Most stable:

Tether ($USDT)
USD Coin ($USDC)
mStable USD ($MUSD)
Binance USD ($BUSD)
TerraUSD ($UST)
HUSD($HUSD)

Other that not more stable:

Dai ($DAI)
Paxos Standard ($PAX)
Reserve tokens ($RSV)
Gemini Dollar ($GUSD)
TrueUSD ($TUSD)

What do you think? and how you can find the most stable coin?

Topic: Altcoin Cryptocurrency Equivalent to USD Most Stable (Read 74 times)