Topic: Different stable coins (Read 148 times)
Since they are all stable coins backed by Us dollars then there should be no preference since they're all the same but it will be advisable to go for the most popular and used ones like Usdt and if the exchange doesn't have it then go for another well known stable coin.
They don't have much difference at all, yes all of them are pegged to USD dollar. USDC is backed by coinbase and circle.
Asking what you should prefer? depends on your choice, nothing much difference between each of them because they are all stable coins = $1.
Asking what you should prefer? depends on your choice, nothing much difference between each of them because they are all stable coins = $1.
You must pick a stable coin which fully transparent to the investors and it's not backed by crap statements like tether which is not 100% backed by the dollars but the developer keeps claiming that is reliable stablecoin.
USDC, TUSD, Paxstable coin, Gemini dollars are the best.
Tether is not transparent and that even gets a subpoena from SEC.
There was no a lot of differences and only the company who issued that stable coin and the approval of operation by regulators that makes it different.
Ehmmm maybe the result of the audits should be included in this case.
USDC, TUSD, Paxstable coin, Gemini dollars are the best.
Tether is not transparent and that even gets a subpoena from SEC.
There was no a lot of differences and only the company who issued that stable coin and the approval of operation by regulators that makes it different.
Ehmmm maybe the result of the audits should be included in this case.
Whts the difference usdc, usdt, pax? And other stable coins as they claim to be pegged 1:1 usd
These stable coins are backed by various companies/organizations. If you look at CoinMarketCap, you will see the capitalization of all the top cryptocurrencies, including stable coins USDT, TUSD, USDC, PAX, USDAP, GUSD, etc. Tether is currently rated 4th in this TOP-100 and probably can provide liquidity worth 4.1 billion dollars (!). In addition, Tether (USDT) runs on the Bitcoin blockchain, TrueUSD (TUSD) runs on the Ethereum blockchain, and so on.
So wich one i should prefer and Why? How to Know wich stable coins are better?
For example, a few years ago the NuBits coin was unable to maintain its pegging, another similar Basis project has also been closed due to new imposed regulations. In my opinion, cryptocurrencies with a large capitalization look more reliable, so they are likely not to fail or be abandoned in the near future. Most traders use USDT, and this is a good choice.
I'm against stable coins/tokens in general because of the malcious effects that it could do if their administration plays a manipulation role. In general, i'll go with Pax because it's getting peoples trust but i wouldn't be holding much. I'll pick also TrueUSD because of the same reasons. These are somehow trusted. I'm in total against USDT which is Tether.. That's my fear because the company behind usdt isn't legit always.
Tether coin (USDT) is the most popular and controversial stablecoin, a cryptocurrency tied to a stable asset such as gold or units of a fiat currency.
Supply 4,108,044,456 USDT
Volume 17,077,127,568 USDT
USD Coin (USDC) is a relatively fresh stablecoin pegged to the US dollar. It was launched on September 26, 2018, in collaboration between Circle and Coinbase.
Supply 426,686,876 USDC
Volume 160,993,544 USDC
TrueUSD (TUSD) is a fully collateralized, legally protected and transparently verified ERC-20 token.
Supply 190,126,990 TUSD
Volume 118,105,273 TUSD
As you can see the most used stable coin is Tether (USDT)
And be careful using TUSD, is an ERC-20 token and not all exchanges admit that coin.
Check in your exchanges where you use to trade what is the coin they use, withdrawal fees, and make your choice, sometimes you can enjoy a little arbitrage.
Info taken from
https://cryptonews.com/coins/tether/
https://cryptonews.com/coins/usd-coin/
https://cryptonews.com/coins/trueusd/
Supply 4,108,044,456 USDT
Volume 17,077,127,568 USDT
USD Coin (USDC) is a relatively fresh stablecoin pegged to the US dollar. It was launched on September 26, 2018, in collaboration between Circle and Coinbase.
Supply 426,686,876 USDC
Volume 160,993,544 USDC
TrueUSD (TUSD) is a fully collateralized, legally protected and transparently verified ERC-20 token.
Supply 190,126,990 TUSD
Volume 118,105,273 TUSD
As you can see the most used stable coin is Tether (USDT)
And be careful using TUSD, is an ERC-20 token and not all exchanges admit that coin.
Check in your exchanges where you use to trade what is the coin they use, withdrawal fees, and make your choice, sometimes you can enjoy a little arbitrage.
Info taken from
https://cryptonews.com/coins/tether/
https://cryptonews.com/coins/usd-coin/
https://cryptonews.com/coins/trueusd/
Most of the stable coin is equivalent to usd. There are few other stable coin which is equal to other fiat. So when we talk about stable coin its 1$ there is no change in valuation. If I have to chose one I would prefer usdt. Cause I am using it for a long time and never faced any issue. Its also one of the first stable coin.
basically they all same,pegged to other assets.
on my opinion, the difference just where they came from.
like PAX , based from binance article PAX issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services.
and the next USDC , USDC was created by Circle and Coinbase in order to provide a more financially transparent stablecoin.
but i am not sure what company behind USDT tether btw.
however,That doesn't seem to matter to Tether.
they still popular.
i just suggest stable coins backed by real company like pax or usdc.
dont ask why.
on my opinion, the difference just where they came from.
like PAX , based from binance article PAX issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services.
and the next USDC , USDC was created by Circle and Coinbase in order to provide a more financially transparent stablecoin.
but i am not sure what company behind USDT tether btw.
however,That doesn't seem to matter to Tether.
they still popular.
i just suggest stable coins backed by real company like pax or usdc.
dont ask why.
Quote
i just suggest stable coins backed by real company like pax or usdc.
dont ask why.
dont ask why.
I agree with this, stable coin should be back by a real company which can cover all the money issued.We are talking Stability here, and it should be transparent too. Though there are also failed stable coins project in the past like Nubits, I feel there is a need for stable coin for easy integration an transacting with other crypto and fiat.
More Info Here: > Stable Coin <
On seeing the title first I thought its another stable coin advertisement post. Luckily its not. USDT is very popular and market capital wise its the largest one. Seen this information sometime ago. Hope this is still true.
basically they all same,pegged to other assets.
on my opinion, the difference just where they came from.
like PAX , based from binance article PAX issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services.
and the next USDC , USDC was created by Circle and Coinbase in order to provide a more financially transparent stablecoin.
but i am not sure what company behind USDT tether btw.
however,That doesn't seem to matter to Tether.
they still popular.
i just suggest stable coins backed by real company like pax or usdc.
dont ask why.
on my opinion, the difference just where they came from.
like PAX , based from binance article PAX issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services.
and the next USDC , USDC was created by Circle and Coinbase in order to provide a more financially transparent stablecoin.
but i am not sure what company behind USDT tether btw.
however,That doesn't seem to matter to Tether.
they still popular.
i just suggest stable coins backed by real company like pax or usdc.
dont ask why.
Whts the difference usdc, usdt, pax? And other stable coins as they claim to be pegged 1:1 usd
So wich one i should prefer and Why? How to Know wich stable coins are better?
Reasons why i prefer USDTSo wich one i should prefer and Why? How to Know wich stable coins are better?
-It the oldest.
-First of its kind.
-its been through hell and back.
-Was once buggy and unstable,not in value but wallet issue but better now.
USDC is very good one as well but i prefer to stick with the old one, old is gold
Whts the difference usdc, usdt, pax? And other stable coins as they claim to be pegged 1:1 usd
So wich one i should prefer and Why? How to Know wich stable coins are better?
So wich one i should prefer and Why? How to Know wich stable coins are better?
As per the circulation USDT capture more value than other cryptocurrencies holding now.
Finally all the stable cryptocurrencies have the same value which equals to US dollar so don't need to worry about the stable cryptocurrencies information statistics..
Whts the difference usdc, usdt, pax? And other stable coins as they claim to be pegged 1:1 usd
So wich one i should prefer and Why? How to Know wich stable coins are better?
So wich one i should prefer and Why? How to Know wich stable coins are better?
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