Which one is the best stable coin? - page 4.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: PHI1618 on April 22, 2019, 08:09:14 AM

Hi friends.
I have few information about stable coins. I want your help in this respect.
Which is the best stable coin in terms of transparency, infrastructure and reliability?
If you informed us it would be great who knew about stable coins.

I added coins to poll from here;
https://coincodex.com/stablecoins/

Not a single one of the stable coins in the market inspire me too much confidence, but of all the coins USDT is probably the best but there have been rumours that there are not as many dollars backing the coin as their developers claim and many are still not satisfied with the explanations given about this, so my recommendation is that if for some reason you need to use a stable coin then you need to watch it very closely otherwise one day you could find yourself with the surprise that your coins are worth nothing.

Ngewex Yuk

sr. member

Activity: 1190

Merit: 250

Quote from: herfianto on April 29, 2019, 10:35:03 AM

If you want to look stable coin, you should look NPXS and search it at Coinmarketcap. The price is stable in a last few months and cheaper than ICO price.

NPXS is not stable coin, crypto is decentralized so it is very dependent on stock and demand, if we want large profits then investing in new coins is mandatory, but if we want stable coins then you can buy tether, USDC and so on.

AngellSky

member

Activity: 462

Merit: 10

Quote from: go4crypto on April 29, 2019, 12:20:33 PM

There need to be a regular independent audit to ensure any stablecoin issuer exchange really has the funds backing it. Tether (USDT) has already been multiple controversies due to this issue. To be safe, do not keep your funds in any stablecoin for long time. Keeping those in BTC or ETH is safer.

if you have enough money to spare extra funds for life, in order not to think about your investments, then of course you can buy Ethereum and Bitcoin once for them and send them for long-term storage. After some time, they will really show good results. But if you earn money every day using cryptocurrency, then at very low prices, each cryptocurrency user will fall and look for ways to minimize losses. It is the stable coins that give this opportunity.

go4crypto

sr. member

Activity: 798

Merit: 263

There need to be a regular independent audit to ensure any stablecoin issuer exchange really has the funds backing it. Tether (USDT) has already been multiple controversies due to this issue. To be safe, do not keep your funds in any stablecoin for long time. Keeping those in BTC or ETH is safer.

DeathProxy

sr. member

Activity: 756

Merit: 251

World's First Crowd Owned Cryptocurrency Exchange

For now USDT is the most used and popular stable coin. Which is Sitting in the top 10 by market cap, USDT was the original in the space and has stuck around for nearly 4 years with most investors making use of it. Although it as its own fair share of criticism but it still the most used stable coin and its not going anywhere any time soon

seoincorporation

legendary

Activity: 3346

Merit: 3130

Quote from: Emperor of Man on April 22, 2019, 08:29:01 AM

I personally prefer a stablecoin which is a transparent ERC20 token, so PAX is my best choice. TUSD is fine too I believe.

Volume-wise they can not be compared to tether, but not much FUD about them, so, I chose PAX and TUSD.

I'm a skeptical guy, and when i read that you trust in a token as a stable coin i was like 'No way, wtf is this guy talking about!', but then i take a look to coin market and found that PAX is a token who try to be a stable coin https://coinmarketcap.com/es/currencies/paxos-standard-token/

And this is crazy, to create a token cost less than $2 and you are telling me that token has a market of 140Millions, just nuts. But every day we can learn something new.

herfianto

member

Activity: 672

Merit: 10

send and receive money instantly, with no hidden c

If you want to look stable coin, you should look NPXS and search it at Coinmarketcap. The price is stable in a last few months and cheaper than ICO price.

Genemind

sr. member

Activity: 1596

Merit: 335

I believe USDT and Pax are two of the best stable clouds. I'm holding both and as I monitor the prices, I could say that the prices are better and stable.
I'm planning to buy more to grab the chance of buying more potential coins. I wish that these coins could go like Eth in the future.

xenomorphe1

full member

Activity: 798

Merit: 103

USDT is used on every exchanges. It is still the best stable coin, but with the current situation with Bitfinex, we don't really know what is going to happen.
Other stable coins are too new and the liquidity is too low.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

Quote from: styca on April 26, 2019, 12:27:25 AM

Personally I prefer USDT. I know it has had some controversy, but I think this is largely because it is so dominant as a stablecoin. I suspect the others would experience similar controversy if they were to become as big.

well, in general, usd is really stable. however, in the cryptocurerncy, I think the XRP is a coin that is quite stable since 2018 yesterday. well, besides that ETH can also be noticed, because for now, I think some crypto has a fairly stable price.

Vit83

full member

Activity: 644

Merit: 100

Quote from: Ucy on April 26, 2019, 12:12:11 PM

Most popular stable coins are centralized. I do not think they deserve the transparent tag in the blockchain space.
There are some decentralized ones that I consider safe and transparent. Safe in the sense that they are not centrally controlled. Blockchain stuff can be a bit difficult to use but they are worth it

IMHO stable coins can't be decentralized at all. They all have to be the gate to traditional finances and have to be connected with traditional institutes. The only way for decentralization is to use only crypto but in most countries, this is impossible now. Hope this will change soon.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Most popular stable coins are centralized. I do not think they deserve the transparent tag in the blockchain space.
There are some decentralized ones that I consider safe and transparent. Safe in the sense that they are not centrally controlled. Blockchain stuff can be a bit difficult to use but they are worth it

bonker

hero member

Activity: 784

Merit: 502

USDC looks better stable coin than USDT since they has updated their policy of their coin but none of the stable coins are safe like decentralized one.

greylandm

newbie

Activity: 106

Merit: 0

Need to understand why you need stable coin?
It's convenient for trading, for use in a pair, as the speed of trade increases, the costs reduces.
It is convenient to transfer your accumulations from altcoins into it, in order to avoid volatility. With all these features on 80%, Tether copes successfully.

styca

sr. member

Activity: 1078

Merit: 354

Personally I prefer USDT. I know it has had some controversy, but I think this is largely because it is so dominant as a stablecoin. I suspect the others would experience similar controversy if they were to become as big.

Treckmountaoin4day

newbie

Activity: 70

Merit: 0

I would advise Tether. According to your parameters, it has 2 of 3.
(+) Reliability, since it’s been on the market since 2014.
(+) Infrastructure - it has great liquidity, almost all the main exchanges support it.
(-) But it hasn't much transparency

Vit83

full member

Activity: 644

Merit: 100

Quote from: TopTort777 on April 25, 2019, 06:59:07 AM

Quote from: Vit83 on April 25, 2019, 06:52:55 AM

IMHO usdt proven by years already. It always working. IMHO top 1 stable coin.

How can you call something stable, if on coinmarketcap it has -0.17% today. And the graph shows that someone is testing a ball pen.
It could be stable if it had a straight line in a graph Wink

It accepted almost on all exchanges and most places where crypto accepted. I hear about the crush of usdt almost from its beginning but still, no one can replace it. All attacks on usdt looks like just market manipulation.

TopTort777

legendary

Activity: 2478

Merit: 1492

Quote from: Vit83 on April 25, 2019, 06:52:55 AM

IMHO usdt proven by years already. It always working. IMHO top 1 stable coin.

How can you call something stable, if on coinmarketcap it has -0.17% today. And the graph shows that someone is testing a ball pen.
It could be stable if it had a straight line in a graph Wink

Vit83

full member

Activity: 644

Merit: 100

IMHO usdt proven by years already. It always working. IMHO top 1 stable coin.

neonshium

hero member

Activity: 1134

Merit: 515

I don't think there is any stable coin that should be referred as the best stable coin since all of them are stable coins and can never see a fall or rise in price no matter the direction of the market, I personally as a trader have been making use of USDT for my trading and have been making a lot of profit, though not because I am making use of USDT because I believe other stable coin will still give me same, I just use it because it's the first stable coin.

Topic: Which one is the best stable coin? - page 4. (Read 1056 times)