What is the best USD stablecoin? Tether, USDC?

stfN2128

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Quote from: DrBitcoin on June 26, 2019, 02:32:19 PM

If you wanted to store USD on your cold storage for, let’s say one year, which stablecoin would yo trust the most to still be worth 1 USD in a year?
I ask because I simply don’t trust Tether. I think the day could come where it is either regulated out of existence, or it’s lack of USD reserves causes it to crash and burn.

I’m thinking USDC is the best way to go, because it is backed by a real US company (Coinbase) which has had real longevity in crypto. It can be stored on a ledger nano in my ether wallet. I just feel like it’s going to be around in a year, it’s Coinbase.

Any thoughts or advice?

this is a good question that i have already asked myself... for longtime holding i would just go back into fiat currently. no one knows what's exactly going on with tether, it's available at the most exchanges but me personally don't trust tether so much.

kurcalas

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Quote from: DrBitcoin on June 26, 2019, 02:32:19 PM

If you wanted to store USD on your cold storage for, let’s say one year, which stablecoin would yo trust the most to still be worth 1 USD in a year?
I ask because I simply don’t trust Tether. I think the day could come where it is either regulated out of existence, or it’s lack of USD reserves causes it to crash and burn.

I’m thinking USDC is the best way to go, because it is backed by a real US company (Coinbase) which has had real longevity in crypto. It can be stored on a ledger nano in my ether wallet. I just feel like it’s going to be around in a year, it’s Coinbase.

Any thoughts or advice?

To me, like it or not, USDT is the best stable coin. Obviously, it does not make sense to have so many stable coins. But if I have to pick one, I always pick USDT.

Tungsten-1

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Quote from: LuckyBtc on July 03, 2019, 02:31:45 PM

I think it would be best to split between many stablecoin, I would be doing exactly that keeping some in USDC and TUSD. I'm not gonna touch USDT ever.

TUSD has been one of the best stable coins so far in the history of stable coins. USDC is good among the rest of the stable coins as well. But right now, we should be more concerned about the Facebook Libra coin that is a stable coin and has been making huge buzz in the stable coins market lately. I think it will outshine all the existing stable coins as it is going to bank the unbanked, hence huge demand.

immortal4now

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Quote from: LuckyBtc on July 03, 2019, 02:31:45 PM

I think it would be best to split between many stablecoin, I would be doing exactly that keeping some in USDC and TUSD. I'm not gonna touch USDT ever.

A lot of bad rumors go around the USDT, but in fact nothing bad happens to this stablecoin. There are a lot of stablecoin, but personally I have always used USDT

LuckyBtc

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I think it would be best to split between many stablecoin, I would be doing exactly that keeping some in USDC and TUSD. I'm not gonna touch USDT ever.

I Like Bitcoin

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In trading, very often the exchange's functionality determines which coins I use. This may be the Tether and USDC. I have not studied the Tether coin, which is why I use it quite calmly. It is difficult to determine the leader. I like Tether.

[email protected]

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Quote from: akram143 on July 03, 2019, 01:54:48 PM

I will go with USDC because as you said its from coinbase so we are using a coin from trusted company but when we using centralized we are at the risk of losing them at any time.

I don't really know the difference. so far I have only used USDT and now I might try USDC. because all this time I used USDT and there were no problems, this asset was fairly safe and I was comfortable using it.

akram143

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Quote from: DrBitcoin on June 26, 2019, 02:32:19 PM

If you wanted to store USD on your cold storage for, let’s say one year, which stablecoin would yo trust the most to still be worth 1 USD in a year?
I ask because I simply don’t trust Tether. I think the day could come where it is either regulated out of existence, or it’s lack of USD reserves causes it to crash and burn.

I’m thinking USDC is the best way to go, because it is backed by a real US company (Coinbase) which has had real longevity in crypto. It can be stored on a ledger nano in my ether wallet. I just feel like it’s going to be around in a year, it’s Coinbase.

Any thoughts or advice?

I will go with USDC because as you said its from coinbase so we are using a coin from trusted company but when we using centralized we are at the risk of losing them at any time.

aji567

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I spend it with your statement, USD is still the best option to save long term and become my favorite stabilizer. my advice if you want an investment other than ethereum and bitcoin, USD is the right choice.

matveyeff

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Tether has sufficient liquidity, unlike the rest. If something happens to a coin without adequate liquidity, you cannot get out of it. That is why I prefer Tether.

poodle63

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Quote from: z21770179 on July 03, 2019, 11:22:12 AM

Quote from: Andrei_Workout on July 03, 2019, 07:56:45 AM

there is generally a controversial issue, and the more you trade and use exchanges, the more tools you have to study and use. USDT is represented on many exchanges,but its movement is very expensive.

A lot exchange are supporting transfer of USDT by ETH or TRON address. And the fee for each transfer is very cheap, I tried to withdraw on Kucoin for only $ 1 fee

USDT is among the earliest, there's no doubt that so many exchanges already uses USDT for their pair instead of Dollar directly.
Any other stablecoin might follow but if I were to choose I'd go for USDT which is accepted widely for the time being.

z21770179

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Quote from: Andrei_Workout on July 03, 2019, 07:56:45 AM

there is generally a controversial issue, and the more you trade and use exchanges, the more tools you have to study and use. USDT is represented on many exchanges,but its movement is very expensive.

A lot exchange are supporting transfer of USDT by ETH or TRON address. And the fee for each transfer is very cheap, I tried to withdraw on Kucoin for only $ 1 fee

agatha90

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Both of these coins have great potential because of USDT which has a market capitalization of around US $ 2,851,506,633. This titre is created with a value that reflects the value of the dollar. Whereas Usdc with the support of Coinbase and Circle, USD Coin must be one of the top stable coin offers.

Firefoxx

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Quote from: DrBitcoin on June 26, 2019, 02:32:19 PM

If you wanted to store USD on your cold storage for, let’s say one year, which stablecoin would yo trust the most to still be worth 1 USD in a year?
I ask because I simply don’t trust Tether. I think the day could come where it is either regulated out of existence, or it’s lack of USD reserves causes it to crash and burn.

I’m thinking USDC is the best way to go, because it is backed by a real US company (Coinbase) which has had real longevity in crypto. It can be stored on a ledger nano in my ether wallet. I just feel like it’s going to be around in a year, it’s Coinbase.

Any thoughts or advice?

there are many stable coin in the market currently and I really can't say which is the best. Also new ones are coming out, I know about one that is currently holding its sales. I personally use USDT the more, but also depends on the one the exchanges I am in uses.

expless

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Quote from: DrBitcoin on June 26, 2019, 02:32:19 PM

If you wanted to store USD on your cold storage for, let’s say one year, which stablecoin would yo trust the most to still be worth 1 USD in a year?
I ask because I simply don’t trust Tether. I think the day could come where it is either regulated out of existence, or it’s lack of USD reserves causes it to crash and burn.

I’m thinking USDC is the best way to go, because it is backed by a real US company (Coinbase) which has had real longevity in crypto. It can be stored on a ledger nano in my ether wallet. I just feel like it’s going to be around in a year, it’s Coinbase.

Any thoughts or advice?

Tether is the most popular stable coin… but the way I am seeing it now they might be going no where, though they still remain at the top as the number one stable coin with the biggest market cap as well. There are lots of criticisms against them… ranging from being part in manipulation and many others. If you don't want to make use of tether, there are many others. There is PAX… Pax has been doing well and I have seen a lot of people say good about it. Haven't seen any bad review about them yet, maybe cause I haven't taken my time to research about them. You can also check out this other one that is called TruseUSD (TUSD).

Andrei_Workout

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there is generally a controversial issue, and the more you trade and use exchanges, the more tools you have to study and use. USDT is represented on many exchanges,but its movement is very expensive.

Airelves09

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We have to say that Tether has a high market share. Although it is controversial. But sometimes we have to use it. At the same time, we can not ignore the issue of regulation. So I would hold it less.

tycsols

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For me it is usdc because im more of a hodler and not active trader and my main wallet is coinbase and coinbase offers usdc as the fiat backed stable coin that is why im ok with it but vast majority perhaps uses usdt because it is on almost all exchanges so easily it is the first choice of traders.

wesk1212

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Quote from: mattadc on July 01, 2019, 02:00:14 PM

I use only one stable coin - it is USDT, because it is widely used in the cryptocurrency, it is on almost all exchanges

I support a very good and comfortable coin. I believe that it has a good future and every day we have more and more fans of it. So I think she still has everything ahead.

mattadc

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I use only one stable coin - it is USDT, because it is widely used in the cryptocurrency, it is on almost all exchanges

Topic: What is the best USD stablecoin? Tether, USDC? (Read 649 times)