What is the best stablecoin right now?

Blue_oxen

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Quote from: ragavancoin on May 24, 2020, 10:03:54 AM

The best Stablecoin is Tether (USDT) as it is most popular in the world and known for it's 6th month valuable digital asset. It's a fait collateralized asset that backed by the dollar.
USDCOIN it is a fait collateralized Stablecoin and pegged with 1:1 dollar. It is available on more crypto exchanges . based on Ethereum Blockchain, issuers also maintain the financial services company Thornton as auditor.

I agree! The best stable coin is USDT. The reason is that USDT is kind of the same with fiat money. However, I hope you not just invest your money into a stable coin and just leave it that way. You should allocate your money to different coins which you think can create profit.

elisabetheva

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Quote from: Anish02 on May 26, 2020, 01:07:13 AM

The crypto market is so volatile and that's why it is hard to always remain stable, also a lot of people think USDT is a stable coin but still I think it would be Tether. Because as compared to other coins Tether has shown or has been showing consistent stability towards its behavior. That's why most of the investors would still go with Tether over USDT.

I agree it is very difficult at this time to find altcoin which is really stable. because we know all altcoin is still dependent on bitcoin and we know that bitcoin a few months back to the present, can be several times down and up, which affects the stability of altcoin. maybe that can be used as a handle if I look at the movements of course I mingle with LTC, XRP and obviously ethereum is still the best.

Anish02

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The crypto market is so volatile and that's why it is hard to always remain stable, also a lot of people think USDT is a stable coin but still I think it would be Tether. Because as compared to other coins Tether has shown or has been showing consistent stability towards its behavior. That's why most of the investors would still go with Tether over USDT.

ragavancoin

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The best Stablecoin is Tether (USDT) as it is most popular in the world and known for it's 6th month valuable digital asset. It's a fait collateralized asset that backed by the dollar.
USDCOIN it is a fait collateralized Stablecoin and pegged with 1:1 dollar. It is available on more crypto exchanges . based on Ethereum Blockchain, issuers also maintain the financial services company Thornton as auditor.

Grumbled

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Quote from: BlacksmithCorporation on May 23, 2020, 12:43:17 PM

Quote from: Kelvinid on May 17, 2020, 05:24:39 PM

If you are looking for stable coins there is no other than great and it is only USDT. But I have to ask a question first, why you want stable coin/s?
Because for the fact that stable coin/s won't make you profitable than those volatile coins just like Bitcoin, Ethereum, and the rest. If you are looking at this thing (profit), of course, I will invest these coins rather than to stick my money into no moving value coins.

Having this stable coin is only having the assurance that we can't lose our money and less risk but not good for investment, unless if you are just preserving your money in crypto.

USDT is not a great stable currency although it has more trading volume than other currencies. It often encounters trouble with auditing, about fraud allegations.

usdt has a huge trading volume and for the controversies around it, I am still amazed it commands such huge volume especially with respect to the fact that its backing is ambiguous on like usdc and busd backed by dollar

UmerIdrees

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Quote from: BlacksmithCorporation on May 23, 2020, 12:43:17 PM

Quote from: Kelvinid on May 17, 2020, 05:24:39 PM

If you are looking for stable coins there is no other than great and it is only USDT. But I have to ask a question first, why you want stable coin/s?
Because for the fact that stable coin/s won't make you profitable than those volatile coins just like Bitcoin, Ethereum, and the rest. If you are looking at this thing (profit), of course, I will invest these coins rather than to stick my money into no moving value coins.

Having this stable coin is only having the assurance that we can't lose our money and less risk but not good for investment, unless if you are just preserving your money in crypto.

USDT is not a great stable currency although it has more trading volume than other currencies. It often encounters trouble with auditing, about fraud allegations.

None of the stable coins can be trusted for long term as different exchanges have different USD coins. I Prefer USDT and tether but i never keep my funds in them for mid or long term. I just use them for trading with BTC pair.

azmirihaque

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Quote from: Kerobelos on May 17, 2020, 04:34:00 PM

Hello,

It was a long time since I entered the forum, but today I have an important question, and I really did not find recent answers on this topic online, most are from 2019, so I want to know from a professional point of view, what's the best Stablecoin to keep funds fearless in the long run? I know that the most used is the Tether, but I have also read that it does not have a good reputation precisely because there were rumors that they only had 73% of the Thether covered by dollars, and the Paxos Standard I have also read that it is good, but two years ago I readws that the funds were frozen in the accounts of some people, and they had to show the origins of the funds, and I don't know how the situation will be right now. I think that asking is the best cure for ignorance, so I would like to know your opinion on this topic and your recommendations about the best stablecoins, thank you.

There has no stable coin in the world. But if you ask me which coin is comparatively stable, I say, USDT. Yes, your fund will get low risk if you invest in stable coin but there has very less possibility to gain profit. If you want to only invest and hold your fund, your decision is correct. But if you want to make profit, you have to take risk and invest in volatile coin like bitcoin, ethereum etc.

jessyj48

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Usdt is the best stable coin presently, I read on the news day ago that it's now the third best rank crypto coin presently, if you are the type who wants more security or anonymity then I suggest you find decentralized stable coins e.g Dai

meldrio1

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USDT is the best stable coin but many of here doubt to store funds in this coin because it is not safe. I guess it is not recomendable to store funds in the long run but it is useful for trading cryptos.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: btc78 on May 24, 2020, 12:28:17 AM

You can check this sets

- Tether (USDT)

- MakerDAO (DAI)

- Gemini Dollar (GUSD)

I think this 3 is much supported by the majority but of course i am for DAI since tether is performing very neutral and has not been dominating the market though it already reached number 2 position yesterday yet not enough to be paid off.

Gemini on the other hand is good performing since the start of 2020 and looking stronger .

But of course if you are just looking for a currency to put your funds for long term holding?

then USDT is one good option as well,having one of the largest capitalization in market?this makes your money more safe and can confidently wait for years without any hesitation and doubt.

Dpat

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It is obvious that till now Tether is the best stable coin and is adopted by many hedge funds. Also, this coin is evolved first in category of stable coin. But, today there are more stable coin is evolving. Among them TUSD we consider a good coin after USDT.

terizla

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I know stablecoin is only USDT. Is there have any stablecoins others USDT ?
If stablecoins gold only know GOLD (Digital Gold/Gold Storage).

Kerobelos

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Quote from: btc78 on May 24, 2020, 12:28:17 AM

You can check this sets

- Tether (USDT)
- TrueUSD (TUSD)
- MakerDAO (DAI)
- Paxos Standard (PAX)
- Gemini Dollar (GUSD)
- USD Coin (USDC)

Heres the Link Source https://www.google.com/search?q=best+stablecoin&rlz=1C1CHBF_enPH858PH858&oq=best+stable+c&aqs=chrome.1.69i57j0l6j69i60.6337j0j7&sourceid=chrome&ie=UTF-8

maybe there can you find what you are looking for since you seems to be very precise in your checking.

Well, I think that after reading all the opinions and checking that link you gave me, I will choose DAI. I like the fact that it's not a government-watched Cryptocurrency, though if Ethereum plummets like March, I'm a little scared of what might happen to DAI.

btc78

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Eloncoin.org - Mars, here we come!

You can check this sets

- Tether (USDT)
- TrueUSD (TUSD)
- MakerDAO (DAI)
- Paxos Standard (PAX)
- Gemini Dollar (GUSD)
- USD Coin (USDC)

Heres the Link Source https://www.google.com/search?q=best+stablecoin&rlz=1C1CHBF_enPH858PH858&oq=best+stable+c&aqs=chrome.1.69i57j0l6j69i60.6337j0j7&sourceid=chrome&ie=UTF-8

maybe there can you find what you are looking for since you seems to be very precise in your checking.

Kerobelos

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Quote from: Slow death on May 23, 2020, 05:46:12 AM

Quote from: Kerobelos on May 17, 2020, 04:34:00 PM

It was a long time since I entered the forum

you are almost 3 years that do not enter this forum, it is many years, how did you not forget that you had an account in this forum?

Quote from: Kerobelos on May 17, 2020, 04:34:00 PM

so I want to know from a professional point of view

I'm going to talk about my point of view and I'm not a professional. I didn't really understand what you mean by "professional point of view"

Quote from: Kerobelos on May 17, 2020, 04:34:00 PM

what's the best Stablecoin to keep funds fearless in the long run?

Stablecoin are not meant to hold funds for the long term, you need to analyze that. If you don't want to invest in something then keep your money in the real world (keep your money in your bank). The stablecoin in my opinion serve to make day trade. For example the price of bitcoin is falling, so you exchange bitcoin for stablecoin and when the price of bitcoin drops a lot you buy bitcoin again and wait that bitcoin will rise a lot for you to sell and you will be at a lot of profit. But never make the mistake of using stablecoin as something long run

Quote from: Kerobelos on May 17, 2020, 04:34:00 PM

I know that the most used is the Tether, but I have also read that it does not have a good reputation precisely because there were rumors that they only had 73% of the Thether covered by dollars

I use Tether to do day trade, if you use it that way you will have no problems

Quote from: Kerobelos on May 17, 2020, 04:34:00 PM

so I would like to know your opinion on this topic and your recommendations about the best stablecoins, thank you.

just don't forget: never use stablecoin for long run, if you use stablecoin to do day trade you will have no problem

Why are there diary to record passwords and emails? That I not enter to some site for a long time, does not mean that I will notuse it anymore. I like to ask serious questions. I am not the type of person who constantly gives his opinion every day to feel sociable. I prefer to observe, read, and only ask if that can really affect me.
What do you mean exactly with '''long run'''?

beerlover

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Lol seeing the hugeness of USDT scares the hell out of me, am I really the only one? I have been fighting against XRP for years now, it is one of the first scam coins that was ever created but humanity somehow liked it so I guess it got a pass, however at the end of the day I have realized that people will not listen to me and it will keep going higher and higher. Now same goes for USDT and it just continues like this. I have zero influence over people and nobody really cares what I say, so I guess I will do it again with the same result.

USDT is a scam coin run by people and people could die, people could lie, people could fly, do not put your money into something that is attached to people, you will end up as the person who gets upset about it and that is why I think you should stay away.

BlacksmithCorporation

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arcs-chain.com

Quote from: Kelvinid on May 17, 2020, 05:24:39 PM

If you are looking for stable coins there is no other than great and it is only USDT. But I have to ask a question first, why you want stable coin/s?
Because for the fact that stable coin/s won't make you profitable than those volatile coins just like Bitcoin, Ethereum, and the rest. If you are looking at this thing (profit), of course, I will invest these coins rather than to stick my money into no moving value coins.

Having this stable coin is only having the assurance that we can't lose our money and less risk but not good for investment, unless if you are just preserving your money in crypto.

USDT is not a great stable currency although it has more trading volume than other currencies. It often encounters trouble with auditing, about fraud allegations.

thesmallgod

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I want to tell you that there is no single stable coin available today that you will not find one or two informations on the internet regarding how it is not a good one but to the best of my knowledge, Tether still remain the best out of them.This is because it has stand a test of time and you may not need to look around before you know it is the most used stablecoin. It is better to use this coin compare to other less common stablecoin. You have mentioned PAX but it is not as frequently used as tether. In fact, binance recently delist some PAX pairing from their website.

Rulelies

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Bitcoin, Ethereum and many more are stable. but you cant deny the fact that it is the market it goes up and down. Except you want to enter markets that they are no gains or losses.

coiner-88

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Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities. The investors of Stablecoins make money by receiving dividends from the newly issued coins being given to them for holding the Stablecoin's shares. Investors are hoping to buy a “money machine”, which will give them newly created coins that they can then sell. stablecoins are subject to the same volatility and risk associated with the backing asset. If the backed stablecoin is backed in a decentralized manner, then they are relatively safe from predication, but if there is a central vault, they may be robbed, of suffer loss of confidence.

Topic: What is the best stablecoin right now? (Read 494 times)