Topic: What Is the Best Stable Coin for Saving? (Read 350 times)
I think the best stable coin that you should use for saving is none other than USDT for a fact that many crypto enthusiasts ate using it and it is the most popular and most trusted stable coin in the market.
If you want to find a good stable coin for saving, then I would suggest you USDT and BUSD,
All of stable coins are worth to be used as saving to avoid the volatility. We have so many stable coins and DAI looks the best stable coin. BUSD is not accepting in a lot of sites and i think that we should reconsider this to be used as a stable coin to save our value. it's better to replace it with USDC with visa integration.
If you want to find a good stable coin for saving, then I would suggest you USDT and BUSD, because the volume of USDT and BUSD is very high, so of course your money will be safe (easy to sell and buy), besides that you can also staking using USDT and BUSD on Binance exchange, so you can get passive income from save your money in stable coin (USDT and BUSD).
I will use something like AAVE or Blockfi to get interest on these dollar begged coins but I'm clueless as to which one should I go for? USDC seems to be a great option but a few questions come to mind:
Do you mean pegged? It came out pretty funny anyway.
I wouldn't trust stablecoins enough to try to hold them for a long time and expect big profit. I'd especially stay away from USDt.
Remember that despite being pegged which means they're following fiat prices they are still cryptocurrencies and as those they depend on the whole market. They can stand certain amount of volatility but if the crypto boom ends somehow it will also crash stablecoins. I'd rather choose bitcoin or a decentralized privacy coin than a stablecoin for long term holding.
-are there any decentralized stable coins that are superior to USDC?
In simple words, no. Because the liquidity and price won't be as close to where they should be with most decentralized stable coins.-is DAI better than USDC since it's more decentralized?
I wish it was but the sad reality is that USDC is still better than DAI although USDC is centralized as opposed to DAI which is decentralized, but that's my opinion and I might be wrong. I am just comparing on the liquidity and market volume basis.-Are there other decentralized Stable coins that are better than DAI?
Not right now but I am sure there will be in the future given how much concern is surrounding the decentralization of stable coins.-Are there any projects coming in the future that I should keep an eye on that might have something that is better that USDC,TUSD,DAI, etc.
I am trying to find the same but quite frankly, I won't be touching any news coins unless they build a decent market cap or at least volume. Both options should be used to store asset values, and of course if storing asset values in Virtual currency goes up and down simultaneously, that's why I am trying to suggest that Ethereum is a good choice as a savings for storing asset values. this is according to my version
It will only be useful if Ethereum continues to go up and will never go down, but it would be a different story if the decline that occurs in Ethereum tokens will also cause the asset's value to decrease, in contrast to storage in stable tokens where the decline in the value of one's assets will not be that far from the basic amount.You both pointing out your reasons and both valid in a different point of views, but the question
goes to stable coin and that refer to asset which is not moving whatever the market go, USDT
still functioning as one of the top while BUSD also gathering decent interest from the investors and
traders due to the owner/developer of this asset.
USDC, TUSD, DAI are actually good to be used as savings in your wallet, meaning that Altcoin is an Altcoin that is considered stable in the up and down market movements that do not shift much. But I think Ethereum is a great choice as your savings, at least when the Ethereum price is higher then the big profits will also be yours in the future.
There are two things that often happen to everyone who starts to store their assets, first is to keep the value of their assets from decreasing and the second is so that the value of their assets can increase over time, now in this case which option will you choose? because both are equally good at saving your assets or everyone's assets.Both options should be used to store asset values, and of course if storing asset values in Virtual currency goes up and down simultaneously, that's why I am trying to suggest that Ethereum is a good choice as a savings for storing asset values. this is according to my version
-are there any decentralized stable coins that are superior to USDC?
Best stable coin in my opinion is USDT. Its trusted and reliable. One of the primary reason for its success is the fact that you can find it on almost all big exchanges. Unfortunately, we can't say that about USDC.
Probably you're looking for a best decentralize stable coin for long term saving purpose which is quite interesting but you know this is not going to be much beneficial for you but safe if you hold stable coin in your personal wallet, lending them on a trustable exchange may be a profitable deal for you anyways whatever your strategy is, I would suggest you go for DAI which is absolutely a capable decentralize stable coin.
In my opinion, the best choice for you is USDC because you want to get a reward or interest rate on the USDC you have. Coinbase is partnered with USDC and you must at least meet the requirement to receive the prize. So, forget USDT, DAI and go for USDC because you care about interest rate.
But anyway, if you want to keep all your money temporarily in stabilcoin, then I recommend you to choose DAI because of its decentralization. For centralized altcoin, you have to consider all the risk involved.
But anyway, if you want to keep all your money temporarily in stabilcoin, then I recommend you to choose DAI because of its decentralization. For centralized altcoin, you have to consider all the risk involved.
with the use of customs of indication on referring technical decision on appealing movement of price with the market, investors have with confidence as preparing to release funds on exchange with the market, that more investors to dispose risks on convergence bias with the use of tasks as confronting ideas with different expert/trader with the forum.
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From my research, I think DAI is the best stable coin so far, it is way more decentralized far more than USDC, this is if usdc is even decentralized in any way, but for sure, DAI is the best stable coin right now I know of, there are still some other stable coins still in the making which I don't advice you make use of cus they are still relatively new and trust level is very low but it's still good you know them, and one of them is SAP, SAP is a stable coin pegged to the dollar but the project is still under development, the coins isn't even listed on coinmarketcap yet, but it's traded on uniswap and their own exchange which is called Nova bank.
So in conclusion, I advice you go with DAI, as it is the best stable coin I know of right now, not to say usdc and usdt aren't good, but Dai is better.
So in conclusion, I advice you go with DAI, as it is the best stable coin I know of right now, not to say usdc and usdt aren't good, but Dai is better.
-are there any decentralized stable coins that are superior to USDC?
Best stable coin in my opinion is USDT. Its trusted and reliable. One of the primary reason for its success is the fact that you can find it on almost all big exchanges. Unfortunately, we can't say that about USDC.
for me the best stable altcoin is ethereum. ethereum is good and it is safe to hold it. the price of eth will probably pump and expect to rise this year as bitcoin does. you can buy more of it and save/hold it you can be millionaire if you do bought now and sell it after a year or two, you will never regret if you buy ethereum now.
USDC, TUSD, DAI are actually good to be used as savings in your wallet, meaning that Altcoin is an Altcoin that is considered stable in the up and down market movements that do not shift much. But I think Ethereum is a great choice as your savings, at least when the Ethereum price is higher then the big profits will also be yours in the future.
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USDC is really good considering they are partnering with visa, although you may use these stablecoins just for staking but it's really no harm to choose stablecoins that could bring more features. Not to mention there's rumour going around that visa may launch USDC credit card but we don't know whether that rumour holds the truth.
Actually, stable coins are not very profiting if you just keep them.
But some exchanges have passive income program, which requires the users to deposit and lock their stable coins.
Most of that exchanges accept USDT, so USDT i think is the best stable coin for saving and we can get a good and stable Annual income from it.
You have point, but I guess gaining profit is up to you how and when you keep it, is it when the value is low, middle or high, both ways can gain profit. Talking about best stable coin, as What I see there are lots of best coin, one of them are ethereum, USDT and many more. The best coin is up to you to choose because you can see how demand it in crypto market. But some exchanges have passive income program, which requires the users to deposit and lock their stable coins.
Most of that exchanges accept USDT, so USDT i think is the best stable coin for saving and we can get a good and stable Annual income from it.
Actually, stable coins are not very profiting if you just keep them.
But some exchanges have passive income program, which requires the users to deposit and lock their stable coins.
Most of that exchanges accept USDT, so USDT i think is the best stable coin for saving and we can get a good and stable Annual income from it.
But some exchanges have passive income program, which requires the users to deposit and lock their stable coins.
Most of that exchanges accept USDT, so USDT i think is the best stable coin for saving and we can get a good and stable Annual income from it.
Stable Coin is stable coin because none will add extra value to your assets only just to preserve the value so why looking for who is better, I think rather you look for who is more secured that will stick around for long, usdt seem to be the most used but with many fud surrounding it,
I sometimes use Busd and to me seem more secure, and as for Dai i have never use it, I only stick to the ones I have used, but the choice is yours.
A lot of people just want to save their profits in stable coins so that they can buy BTC when they wish so it is a real concern which stable coin one should use in current time when tether is facing so much heat and there isn't any good decentralized stable coin apart from DAI.I sometimes use Busd and to me seem more secure, and as for Dai i have never use it, I only stick to the ones I have used, but the choice is yours.
of course many choose USDT to save assets because this stable coin is a coin that is already popular in the eyes of crypto users many advantages one of them is a transaction tool low fee fast network and has multiple platforms, I always save my assets to USDT when bear season comes
Yes, that's the only option right now but the problem is that Tether controls everything you hold and they can dump the market if they wish, I don't think they will or should but risk is always there.I would agree on low fees if it's the TRC-20 version but the erc-20 USDT is another matter. We all know the congestion and the high fees over the ethereum network. I'd prefer BUSD when we're talking about fast and cheap.
I don't think fees is playing into anyone's mind when we are looking to save money for future and only have to spend the transaction fees once when saving and again when withdrawing.
Some say that DAI is the one that cannot be frozen but you should check that out first, OP. I would still suggest USDT in the end, because it's what most reasonably suggest but I still highly suggest searching for the first one that I mentioned though.
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