Could USDe Pairs be considered as a fresh Alternative to USDT and USDC ?

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: Adbitco on November 22, 2024, 04:15:46 PM

Do you know that the best stablecoin today is USD and not USDT or USDe because any of this coin may like depegged and if you flashed back to what happened few years ago about Terra usd you would understand that no stable coin is likely to be trusted. So, if you wanna hold stablecoin then i must suggest you hold USD than any other stablecoin out there because you might likely lose them at any given time.

Yes, you are right, there is really no need for stablecoins in most cases, at least for me. I end up being full in crypto, and when I am not in crypto, like I believe it's peaked and I want to leave, my exchange has my fiat, so I just turn to fiat, I can even withdraw to my bank account as well.

So in theory ,there is absolutely no reason for me to keep on being at stablecoins. I do not trust USDT, and I do not trust USDC neither, but I also do not trust this new USDe thingy neither, that one doesn't look like it's a trustable one. I believe that all of them are bad and all of them are stuff I will avoid as much as I can. Obviously there are instances where I had to use them, but I never invest, I just use them for a moment when passing by.

Webetcoins

hero member

Activity: 2100

Merit: 546

Leading Crypto Sports Betting & Casino Platform

Quote from: JeffBrad12 on November 27, 2024, 11:52:28 PM

Though people's fear towards the two biggest stablecoin knowing the rumour and what has happened is justified, I think they are nothing to be worried about in my honest opinion, but it's always good to diversify, although USDe pair has been emerging in many exchanges' spot and future trading section, their liquidity is nowhere as great as USDT and USDC so for me personally I don't really want to use them.

also personally I still have worry about USDe losing peg since it seems currently their strategy of having big USDe minter is through series of airdrop which might not be sustainable in the future, and I think knowing the current trading volume for these pairs, people are having the same concern, I think USDe will only become frequently used for trading pair if they can assure us enough that their stablecoin is resilient. and it takes time.

Let us see, first it has to grow a bit more, if it's at every big exchange eventually it will get a lot more volume and it will be printed a lot more and wanted a lot more. So far it's just growing, it is an "upcoming" one and I believe it has a small future but not something as big as USDT, the biggest battle is between USDT and USDC to get the top spot in stablecoins, USDT has been keeping that for a long time but it's losing power and ranking to USDC a bit more these days and I believe we are going to see them change a lot in the future as well, USDC could take the top spot and USDT could lose it.

This won't be easy of course and it will take time but I will see that I am sure of it, that's just how crypto works, when one thing doesn't improve too much then other stuff gets more features and more places and grow more and eventually pass the first one. This should not be all that complicated, USDC is looking better and less in trouble with the governments as well.

JeffBrad12

hero member

Activity: 3010

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Though people's fear towards the two biggest stablecoin knowing the rumour and what has happened is justified, I think they are nothing to be worried about in my honest opinion, but it's always good to diversify, although USDe pair has been emerging in many exchanges' spot and future trading section, their liquidity is nowhere as great as USDT and USDC so for me personally I don't really want to use them.

also personally I still have worry about USDe losing peg since it seems currently their strategy of having big USDe minter is through series of airdrop which might not be sustainable in the future, and I think knowing the current trading volume for these pairs, people are having the same concern, I think USDe will only become frequently used for trading pair if they can assure us enough that their stablecoin is resilient. and it takes time.

el kaka22

legendary

Activity: 3752

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

I believe the day when we start to see a good return on stablecoins, the day we are going to see them liked more, but so far we haven't seen that. If there was a very trusted place, like binance for example, giving 10% return yearly interest for all the USDT or whatever stablecoin that you have, the day we are going to see people attacking USDT without trouble.

I do not think it has to be even 10% to be fair, lower could still see a lot, but so far we are stuck with nearly nothing, biggest I remember was like 2.2% or something, which is nothing to be fair, I rather withdraw and put it in a bank, the bank offers more, close to 4% now if I remember right, so it is not really good, offering less than banks do not make it appealing to anyone. With some offers that are higher than what banks are offering, stablecoins could look more attractive than fiat, but so far fiat is a better profitable investment at the moment, and crypto is better than both of them for sure.

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

Quote from: X-ray on November 24, 2024, 08:43:24 PM

Quote from: MarvieJ on November 24, 2024, 12:11:03 AM

Quote from: Adbitco on November 22, 2024, 04:15:46 PM

Do you know that the best stablecoin today is USD and not USDT or USDe because any of this coin may like depegged and if you flashed back to what happened few years ago about Terra usd you would understand that no stable coin is likely to be trusted. So, if you wanna hold stablecoin then i must suggest you hold USD than any other stablecoin out there because you might likely lose them at any given time.

You make a solid point, no stablecoin is entirely free from risk, as we saw with TerraUSD. USD itself is the safest “stablecoin,” but for active crypto traders, on-chain stablecoins are essential for instant settlement, DeFi access, and global trading without banking barriers.

everything has risk, even saving money in bank has risk as well though very low, for stablecoin, I think it's pretty reasonable to still use this as long as there's no clear implication that something shady is going on.
in the case of terra's stablecoin, it's mainly because flawed algorithmic stablecoin and terra let the stablecoin run loose risking the entire coin to depegging.

majority of coin right now are over collateralized with other asset, there's still a risk of depegging but not as big as terra's stablecoin, moreover coin like USDe which has something like blackrock's involvement, will probably put measurement to not place their stablecoin at risk of depegging by not keeping it over collateralized. so as long as you just want to use stablecoin for its utility I think it's gonna be fine.

You are right but based on my personal likeness or view for those who wants to keep their assets on a stable coin can keep it in currency that wouldn't be shady or have anything to depeged at any given time, that was why I would choose USD over USDT or other. I know they are trying everything possible to make sure there wouldn't be a incidence to affect the usage.

X-ray

hero member

Activity: 3108

Merit: 537

Leading Crypto Sports Betting & Casino Platform

Quote from: MarvieJ on November 24, 2024, 12:11:03 AM

Quote from: Adbitco on November 22, 2024, 04:15:46 PM

Do you know that the best stablecoin today is USD and not USDT or USDe because any of this coin may like depegged and if you flashed back to what happened few years ago about Terra usd you would understand that no stable coin is likely to be trusted. So, if you wanna hold stablecoin then i must suggest you hold USD than any other stablecoin out there because you might likely lose them at any given time.

You make a solid point, no stablecoin is entirely free from risk, as we saw with TerraUSD. USD itself is the safest “stablecoin,” but for active crypto traders, on-chain stablecoins are essential for instant settlement, DeFi access, and global trading without banking barriers.

everything has risk, even saving money in bank has risk as well though very low, for stablecoin, I think it's pretty reasonable to still use this as long as there's no clear implication that something shady is going on.
in the case of terra's stablecoin, it's mainly because flawed algorithmic stablecoin and terra let the stablecoin run loose risking the entire coin to depegging.

majority of coin right now are over collateralized with other asset, there's still a risk of depegging but not as big as terra's stablecoin, moreover coin like USDe which has something like blackrock's involvement, will probably put measurement to not place their stablecoin at risk of depegging by not keeping it not over collateralized. so as long as you just want to use stablecoin for its utility I think it's gonna be fine.

MarvieJ

jr. member

Activity: 108

Merit: 1

Quote from: shinratensei_ on November 23, 2024, 10:41:59 PM

I have noticed some exchange adding USDe pair too and even going as far as offering big APR for staking USDe, might be a good alternative in my honest opinion, i think if you're uncomfortable with using either USDT or USDC you can always seek other stablecoin such as FDUSD, DAI, and USDe, and try to diversify just in case.

I'm pretty sure some of them have learnt something from the UST incident that they won't do the same mistake but who knows right.

one thing for sure if they're transparent about where their stablecoin derive the value from at least we can have some peace of mind.

The high APRs for staking USDe are interesting, it’s a good incentive, though I’d also keep an eye on whether they’re sustainable long-term. It does seem like some projects have learned from past mistakes, but as you said, there’s always some level of risk.

At the end of the day, the more options we have, the better, as it gives traders flexibility and the ability to hedge against potential issues with any one stablecoin.

MarvieJ

jr. member

Activity: 108

Merit: 1

Quote from: Adbitco on November 22, 2024, 04:15:46 PM

Do you know that the best stablecoin today is USD and not USDT or USDe because any of this coin may like depegged and if you flashed back to what happened few years ago about Terra usd you would understand that no stable coin is likely to be trusted. So, if you wanna hold stablecoin then i must suggest you hold USD than any other stablecoin out there because you might likely lose them at any given time.

You make a solid point, no stablecoin is entirely free from risk, as we saw with TerraUSD. USD itself is the safest “stablecoin,” but for active crypto traders, on-chain stablecoins are essential for instant settlement, DeFi access, and global trading without banking barriers.

I get the skepticism, which is why diversification and caution are crucial. USDe caught my attention because of BlackRock’s involvement, signaling an effort to improve trust. While it’s not without risks, it seems like a step forward compared to existing options like USDT or USDC.

Appreciate your perspective, it’s a good reminder to stay vigilant in this space!

shinratensei_

legendary

Activity: 3332

Merit: 1034

Leading Crypto Sports Betting & Casino Platform

I have noticed some exchange adding USDe pair too and even going as far as offering big APR for staking USDe, might be a good alternative in my honest opinion, i think if you're uncomfortable with using either USDT or USDC you can always seek other stablecoin such as FDUSD, DAI, and USDe, and try to diversify just in case.

I'm pretty sure some of them have learnt something from the UST incident that they won't do the same mistake but who knows right.

one thing for sure if they're transparent about where their stablecoin derive the value from at least we can have some peace of mind.

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

Do you know that the best stablecoin today is USD and not USDT or USDe because any of this coin may like depegged and if you flashed back to what happened few years ago about Terra usd you would understand that no stable coin is likely to be trusted. So, if you wanna hold stablecoin then i must suggest you hold USD than any other stablecoin out there because you might likely lose them at any given time.

MarvieJ

jr. member

Activity: 108

Merit: 1

Y’all know that Stablecoins have been the backbone of crypto trading for years, but let’s be honest, USDT and USDC don’t feel as “stable” as they used to imho. USDT raises eyebrows around transparency, while USDC’s past depegging incidents left traders rattled. So, what do you do if you’re not comfortable parking your funds in either of these?

Lately, I’ve been keeping an eye on USDe. The narrative around it is gaining traction, especially after BlackRock’s involvement. Say what you want about big institutions, but their stamp of approval does mean something when it comes to legitimacy.

Now, with BTC, ETH, and SOL trading pairs available against USDe, it feels like a step in the right direction. These pairs offer more flexibility for those of us who want options outside the usual Tether or Circle ecosystems. Plus, with some platforms waiving fees for these trades, there’s a bit of incentive to test the waters without unnecessary costs eating into profits.

That said, I can’t help but wonder if USDe will hold up long term. Will it remain resilient if the market dips or if regulatory pressure mounts? For now, i feel it may be worth exploring, especially if you’ve had your own doubts about the “big two” stablecoins.

Topic: Could USDe Pairs be considered as a fresh Alternative to USDT and USDC ? (Read 161 times)