Are there any real stablecoins? - page 2.

Yudhisthir

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Quote from: robinator on October 06, 2021, 05:48:17 AM

Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

I use Tether for immediate transactions and trade but never hold them. They are mostly unavoidable as they become the only route through for many exchanges. Among all the stable coins, the one which would be safest is DAI. They did have some problems in the past but not they are backed by a multiple of coins including USDC. That said, it would suffer even a few of those coins crashes. That makes them a stable among the stable coins.

zasad@

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Buy on Amazon with Crypto

Quote from: robinator on October 06, 2021, 05:48:17 AM

Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

Stablecoins and Blacklists
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581
Read the latest posts in this thread
If a company can print stablecoins uncontrollably, then this is a potential scam.
It is better to use DAI for long term storage.

Betaj00

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Quote from: robinator on October 06, 2021, 05:48:17 AM

Tether is used by many and stablecoins are a rising market, but are they really stable?

Off course Tether is a stable coin in crypto market, but i don’t know that why you asked this question. Always i use Tether for my regular crypto work, also have many different type stable coin but my choice is only Tether.

josephdd1

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Quote from: robinator on October 06, 2021, 05:48:17 AM

Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

There are two types of stable coins. Those that are backed by gold, other crypto currencies or dollars and those that are algorithmic and don't have any collateral.

Algorithmic stable coins (AMPL, BAC и ESD) depend a lot on the general market situation, as if there is a panic on the market, it is very difficult for them to stay stable, so they collapse more often.

MusaMohamed

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Many stable coins and the biggest one is Tether USD. If you consider the decentralization is the most important specification, DAI is the best. BUSD is good because you can use it for many products from Binance, on Binance Smart Chain, DeFi.

The position of Tether USD is losing and you now don't have to rely on Tether USD. BUSD and DAI are good alternatives.

Category for stablecoins

https://coinmarketcap.com/view/stablecoin/
https://www.coingecko.com/en/categories/stablecoins

Yogee

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Quote from: robinator on October 06, 2021, 05:48:17 AM

Tether is used by many and stablecoins are a rising market, but are they really stable?

Tether is trying to make USDT stable by pulling a lot of moves including the shady ones. It seems they are cleared of charges for now after paying $18.5 million penalty.

Quote

What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

Tricky to answer but we cannot really be assured since the performance of companies issuing these centralized or semi-decentralized stable coins is out of our hands.

flip4flop

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If I had to choose one stablecoin right now it would likely be USDC. It has the least drama around it and I feel the longest long term viability following whatever regulations and scrutiny stablecoins come after especially after the US fed releases its report on stablecoins in the coming weeks.

Synerggy

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Futiracoin.com

USDT did the job well, I don't know what you meant by been real stable coin just don't mix things up with how real Fiat is and how unreal digital currencies are, one is physical and the other isn't that's the major difference here so yes USDT, USDC, DAI are all good stable coins, oh and they are real too

masterrex

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Quote from: robinator on October 06, 2021, 05:48:17 AM

Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

I think the best way to do that is by checking the circulation and total supply of that stable coin, for example, the BUSD a Binance issued stable coin and they said that it was pegged with a dollar in 1-1 ratio and with a total supply of 13 Billion it was relatively small compared to Tether's USDT and because it was issued by one of the worlds trusted names in crypto that's why I feel secure when im using BUSD.

coinzzzpro

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Experience shows that the USDT is relatively stable, but now there are alternatives to the USDC, BUST for example. If you want to trade in pairs to the dollar, it eats on many exchanges.

robinator

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Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

Topic: Are there any real stablecoins? - page 2. (Read 233 times)