Share your thoughts about which stable coin is best or at least safe to secure your investment. provide technical ground why stable coin is safe.
Although i think mostly people’s using USDT, but i believe USDC,DAI and BUSD than USDT. There are so many issues and rumours about this coin, it’s a decentralized network i see here is the big risks, and at any time freeze your assets. I'm also using USDT when i need to sale/trade my tokens in USDT pairs but i don’t recommended to hold it for the long term. 
Topic: Opinion: The World's Best Stablecoin Offers Beginners Advice (Read 138 times)
Share your thoughts about which stable coin is best or at least safe to secure your investment. provide technical ground why stable coin is safe.
At this moment I will suggest you only three for stable coin those are - USDT , USDC , BUSD . These are top trustworthy and best secure stable coin . You can easily use them for trading without any worry . USDT has the support of Tether . It is the first stable coin . And usdc minted on Etherium . These sources are also reputable so I think those will be best for you .
Share your thoughts about which stable coin is best or at least safe to secure your investment. provide technical ground why stable coin is safe.
Although i think mostly people’s using USDT, but i believe USDC,DAI and BUSD than USDT. There are so many issues and rumours about this coin, it’s a decentralized network i see here is the big risks, and at any time freeze your assets. I'm also using USDT when i need to sale/trade my tokens in USDT pairs but i don’t recommended to hold it for the long term.
Not related to your topic directly but
I have been curious about your myntist project. When are you launching it?
I have been curious about your myntist project. When are you launching it?
FIAT money is still the strongest stable coin.
DoKwon with his UST & $LUNA want to make stable-coin with different concept pegged still failed. So, in my perspective "FIAT" pegged still one of the strongest stable-coin. Because people not really worried about the value crypto.
If, In crypto value down. Then should be no reason anymore, we can exchange your fiat crypto into the real asset pegged asset.
DoKwon with his UST & $LUNA want to make stable-coin with different concept pegged still failed. So, in my perspective "FIAT" pegged still one of the strongest stable-coin. Because people not really worried about the value crypto.
If, In crypto value down. Then should be no reason anymore, we can exchange your fiat crypto into the real asset pegged asset.
Share your thoughts about which stable coin is best or at least safe to secure your investment. provide technical ground why stable coin is safe.
BUSD was the best stable token. Im sure that this backed by real fiat money and we do know who good the business ecosystem that already made by binance exchange site, I will not trust any other stable token other than BUSD. read this for the more information about BUSDhttps://www.binance.com/en/blog/futures/busd-all-you-need-to-know-about-the-stablecoin-421499824684903051
This is also a product by binance partnership with paxos. We know that paxos is always compliance with the regulation. BUSD is safest stable token
Very difficult to choose because most stablecoins these days got issues, especially the highest market cap stablecoin which is USDT.
But the highest I have is in USDC. I also believe that USDT is good because it has the highest market cap and the first stablecoin that exists and is still the number 1. After what happened to UST, everything changed on stablecoins, some are already affected.
But the highest I have is in USDC. I also believe that USDT is good because it has the highest market cap and the first stablecoin that exists and is still the number 1. After what happened to UST, everything changed on stablecoins, some are already affected.
there are various ways to check if the project is possibly a scam or not, usually I check the smart contract, whether it has been audited or not, if so, see the audit results, roadmap, whitepaper, team members are transparent or not, even though everything I mentioned above no problem it still doesn't guarantee that the project won't be a scam.
As a matter of fact I don't trust any stable coin because I have no proof that they are really backed by anything, the reason why I use BUSD is because of who the Binance exchange CEO is, someone investors can trust.
USDT have rumors it has evil hands involve in this stable coin also US government has concerns about this coin so it is safe to use USDT?
Most people consider USDT is safe because most choose USDT as their stable coin, the most liquid and pairs on the exchanges. That's the bad thing on USDT since it's not 100% backed with the real USD and there's a case where USDT can be frozen even inside on your wallet. But many people doesn't really care with that since they're not the one who face that's case, in the end it's not safe since it has a risk.Choose the decentralized stable coin e.g. DAI as the alternative.
Among the stablecoins, I probably choose USDC. That's because the stablecoin is regularly audited and has proven to have reserves. It is definitely more transparent than the most popular USDT. But it doesn't mean that putting my funds in USDC is making my funds safer. If you are avoiding the volatility of crypto for a short while, then it is good enough. But if your funds are kept in it for a long time, I'd rather keep it in Bitcoin.
I'm no really sure if there is alternative because I never tried to used others except USDT. So my vote goes to that stable coin. Yeah, I know it has it's own issues before but so far it remain as the only stable coins that might have corned the market since it's inception. And hopefully it will not have the same problem as Luna because that will be a disaster and it could even have a huge impact, bigger than Luna effect.
Share your thoughts about which stable coin is best or at least safe to secure your investment. provide technical ground why stable coin is safe.
If you are an adherent of decentralization, then, accordingly, the best stablecoin for you will be the decentralized stablecoin DAI. Given the problems that have arisen with algorithmic stablecoins, you should refrain from using them. In other cases, you should consider saving your funds in USDC and BUSD stablecoins.
At the moment it'll either be usdc or usdt if you still want something on a blockchain that's backed (or potentially backed).
You might be better off holding those funds as dollars if you're holding longterm, alternatively usdc, usdt and dai seem the most stable and I think usdc is the main one that's more believably collateralised (but more might be).
You might be better off holding those funds as dollars if you're holding longterm, alternatively usdc, usdt and dai seem the most stable and I think usdc is the main one that's more believably collateralised (but more might be).
USDT have rumors it has evil hands involve in this stable coin also US government has concerns about this coin so it is safe to use USDT?
DAI, USDT, USDC. In my opinion, if you invest and keep your money, it's in these stablecoins. Although each of these coins has its own risks and uncertainties, this diversification seems more or less safe, and these stablecoins are very widespread, they have stood the test of time, and they don't lose their dollar peg as much.
At the moment it'll either be usdc or usdt if you still want something on a blockchain that's backed (or potentially backed).
You might be better off holding those funds as dollars if you're holding longterm, alternatively usdc, usdt and dai seem the most stable and I think usdc is the main one that's more believably collateralised (but more might be).
You might be better off holding those funds as dollars if you're holding longterm, alternatively usdc, usdt and dai seem the most stable and I think usdc is the main one that's more believably collateralised (but more might be).
Share your thoughts about which stable coin is best or at least safe to secure your investment. provide technical ground why stable coin is safe.
Jump to: