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.

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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.

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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.

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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

ATSgrowth

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Stable coin should be also stable in long term, coins pegged to dollar 1:1 is not a warranty of stability. There are some coins that are pegged to golds or diamonds that should ensure stability for a very long time Cool

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rdluffy

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I've always used Tether to hold my positions, but never for a long time as you wish, it's an interesting question, and I have to say I'm not comfortable to use tether for a long time, because we always heard something about tether
But tether is the most used stable coin, large volume, almost all exchanges have tether listed, so it's seems the best option

Obviously you have to read news sometimes to see if everything is ok, even if you'll hold for a long time

dearbesz1219

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I love the idea of decentralized cryptocurrency, currently we have only one decentralized stable coin on coinmarketcap: DAI.
But, i have heard that next one is coming USDQ, do you think that they can achieve the stability?

Garant581

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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 do not understand why all the diversity and new projects in this industry? We have TETHER for many years, it works and has long established itself as the most reliable project. I trust only him, he has almost all the exchanges!

_Sergo

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Quote from: lizarder on June 28, 2019, 11:19:44 AM

if I still use USDC because for Tether the transaction costs are quite expensive because the blockchain uses omni while USDC still uses ethereum and it makes the cost still quite affordable, but Tether is slightly superior to USDC because it has a very large volume

these steyblekoinov divorced as dogs uncrowned, to assess which one is better, you just have to look for each situation, how much is the conclusion, and whether they are on another exchange, while the most common Tether

lizarder

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if I still use USDC because for Tether the transaction costs are quite expensive because the blockchain uses omni while USDC still uses ethereum and it makes the cost still quite affordable, but Tether is slightly superior to USDC because it has a very large volume

erricducducan26

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Both have auditing issues so I'd better choose DAI.

Handsome Boy

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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?

if in my opinion USDT (Tether) is better than USDC (USD Coin), because the volume of USDT (Tether) is higher than USDC (USD Coin) and that proves if more people prefer to use USDT (Tether) as a transaction, so that makes USDT (Tether) is the best USD Stablecoin for now and until the following year.

CryptoLogo

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I used both coins and never thought about it. Most likely I would choose USDC. I think USDC is simply more reliable for long-term storage of the dollar.

Ken_terrance

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All stable coins have same value but I prefer USDC ,the last time I tried to use USDT I got confused because its not on a single block chain, there is USDT on erc20 and btc omnilayer

igor.vanyutin.83

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There are so much stable coins on the market now, that all have the same function and it is pretty difficult to decide which one you can trust. The oldest one is obviously Tether, but they have some image problems, so USDC is the better choice for now.

CLywaTeLb

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I used USDT for a while. Just because it is the most used asset. I have no preference for any stable coin. I have not studied this in detail. So, given the history of Tether, we will not be provided reliable information in the near future.

kindbtc

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Usdt has the largest volume and use at the moment so that is one aspect to watchout for while usdc and some other with reputed companies or names behind can be deemed more trusted, so it is your own choice which stable coin to choose.

motun01

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Tether is not a fully decentralized cryptocurrency and there have been some scandals in the past with bitfinnex so i will go for a fully decentralized stable coin on the ethereum blockchain.
The best stable coin is TRUEUSD in my opinion.

Dexion

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Quote from: MbakNarti on June 27, 2019, 11:24:35 AM

I think no one has a general difference between all stable coins, for me it's the same and won't change every year. If you don't like Tether and prefer USDC, I think it's natural. But do you save or have you bought PAX and TUSD? I prefer USDT to enter and do trading in Digifinex. Thank you mate.

even now I have only tried to have USDT and not for other stable coins. although it does not have a significant change in value, but a good stable coin asset is used to save our money if the market conditions are corrected as it is now.

MbakNarti

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I think no one has a general difference between all stable coins, for me it's the same and won't change every year. If you don't like Tether and prefer USDC, I think it's natural. But do you save or have you bought PAX and TUSD? I prefer USDT to enter and do trading in Digifinex. Thank you mate.

Googlee

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I am a new in trading i used tether.For storage i think Tether is the best choice.Actullay i have not more technical knowledge still now.But i see Tether ranking top than USDC .So I used it.

chocopapaya

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Actually the best stable coins are either Gemini Dollar or Dai, depending on your crypto philosophy.

If you want a truly stable, regulated and fully compliant, backed by funds audited and insured stable coin, then Gemini beats all others hands down.
Gemini exchange and the gemini dollar is fully transparent with their auditing and certifications and are fully backed by SEC.
It is by far the best regulated stable coin our there.

But if you don't like the idea of regulation and are a believer in decentralization, than go with DAI.
It is the only stable coin maintained through a DAO and so far it has proven that it can be stable.
It is fully backed by huge trustworthy devs and has a passionate community as well.

Ayiranorea

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We've got more number of stablecoins to invest, in specific these stablecoins gets much used on trading as there won't be big change in the value. I personally prefer USDT for my trading needs. Falling we're gonna get another stablecoin which is gonna get used in large scale from facebook. Some people have stated there is no need of stablecoins, these stablecoins make cryptocurrency network stronger in my opinion.

zzortyx

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I'm kind of used to Tether. I didn't think much about the differences stablecoins. The main thing that they were all really stable in relation to $.

masterrex

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Im using Tether in my trading operations. but i dont think stablecoins has any difference, stablecoins are pegged with stable assets so they are all the same, We should stop comparing those stablecoins maybe its "USDC,Tether, TrueUSD,Gemini etc. the truth is they wont fluctuate much compare to other cryptocurrencies.

MrPiggles

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Quote from: eternalgloom on June 27, 2019, 05:39:55 AM

I just don't use any stablecoins. I mean, why would I, I can just make use of an exchange that has BTC/USD trading pairs.
It's not that I convert to fiat very often, I tend to keep most of my holdings in crypto anyways.

But yeah, Tether is a disaster waiting to happen, they've changed their terms so often and have no proof of their backing in USD.

In addition Tether, you still have a lot of different choices and USDC is also a great choice for many large investors because the stablecoin liquidity is very high and is widely accepted worldwide. In fact, many big investors fear Tether will collapse in the near future but looking at the truth, this stablecoin cannot collapse because the trading volume is still very high and no one can ban Tether in this market. The most important thing is liquidity and if you have a large asset, choosing stablecoin is extremely important

KlepZ

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“Stable coin” is a term used in cryptocurrency to describe cryptocurrencies meant to hold stable values. For example, Tether (USDT) is a blockchain based asset meant to trade for $1 USD. Tether is a “price-stable cryptocurrency” that is “pegged” to the U.S. dollar.
Each stable coin has a unique set of mechanisms, but they all generally work the same way: They hold collateral of some type and manage the supply to help incentivize the market to trade the coin for no more or less than $1. For some, like Tether or TrueUSD, the concept is to hold actual dollars in reserve that are redeemable for the token. For others, like Dai, they hold crypto assets in reserve and have a lending system.

Herbert2020

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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?

none of them because it is a very foolish thing to do. if you want to store fiat then store fiat in your bank account or store it as physical cash under your mattress! you will be a lot safer that way.

Quote

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.

not trusting has nothing to do with having reserves. the problem with stable coins is their centralization that means they can easily disappear if some day something went wrong with them. specially when they are created and controlled by an exchange (bitfinex) it becomes even riskier.

eternalgloom

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I just don't use any stablecoins. I mean, why would I, I can just make use of an exchange that has BTC/USD trading pairs.
It's not that I convert to fiat very often, I tend to keep most of my holdings in crypto anyways.

But yeah, Tether is a disaster waiting to happen, they've changed their terms so often and have no proof of their backing in USD.

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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?

For storing purposes, i think USDC but in my case, im into trading so both of this stablecoins listed in the market are good for me, as i do trading short term only, i am not storing stable coin for a long period of time, as some of this do not go through any extensive research for their longivity,i know i didnt trust anything, but i just care of my funds.

ivaf

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If you don't trust Tether, then the USDC is also a good choice. I would also advise you to pay attention also to PAX.

X-ray

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Quote from: DrBitcoin on June 26, 2019, 07:28:38 PM

Perhaps a split between multiple stable coins is the most prudent method

Im using USDC and TUSD, both already proven if that was having enough dollars to back up its token or coin. Im a big no for tether because was getting a problem with SEC that is not yet resolved. To avoid any risk and it's better to used stable coin that already audited. that's a good method but a trusted stable coin must be chosen.

passwordnow

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There's also GUSD which stands for gemini dollar owned by the company Gemini. And this company is being operated by the famous Winklevoss twins.

https://coinmarketcap.com/currencies/gemini-dollar/

DrBitcoin

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Perhaps a split between multiple stable coins is the most prudent method

DrBitcoin

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Quote from: rosezionjohn on June 26, 2019, 02:40:51 PM

This must be the first battle of stable coins topic I've read in a long while.
I'm just curious, why would you want to store a stable coin?

To choose which one, I would avoid the shady USDT for long term storage.

3 letter word. Starts with a T ends with an X.

diazepam666

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There are some more stablecoins available in the market but always tether seems so good because of it high volume and regular usages than other cryptocurrencies...
You may try these coins also while you trading,
PAX
USDS
TUSD

frost_wind

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Any stablecoin could potentially be a scam and not go through a financial audit. It is always necessary to keep it in mind and, if possible, use the exchanges where you can trade to real $ . What is the difference where verification takes place on bitfinex or on bitstamp, kraken, liquid or any other exchange that allows you to trade against the dollar?

||bit

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I can't say particular one is safest but bitfinex seem to be, too big to fall so i am choosing usdt when using stablecoin.

Also it has the biggest volume.

rosezionjohn

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This must be the first battle of stable coins topic I've read in a long while.
I'm just curious, why would you want to store a stable coin?

To choose which one, I would avoid the shady USDT for long term storage.

fulled

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Im using both for trading, but if i should hold usd in blockchain i think i will choose USDC for it, the reason is same with you, im more comfortable with coinbase than tether's company

DrBitcoin

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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?

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