Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Sonjoy on May 06, 2021, 12:34:38 PM
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Stablecoins are becoming increasingly popular thanks to their ability to combine the transparency, security, and privacy of a digital asset with the stability of a traditional currency.
Since Tether released the first fully-fledged stablecoin back in 2015, a whole array of other stablecoins have been created.
We’ve produced a list of the most successful and popular stablecoins below, but first here’s a recap of what stablecoins are.
What are stablecoins?
Stablecoins are a type of cryptocurrency that are designed to be immune from market volatility, making them a more useable form of payment than traditional crypto. Stability is created by pegging the value of stablecoins to other ‘stable’ assets such as fiat currencies or gold.
Stablecoins have become an important source of liquidity in the crypto market because they aim to maintain a steady price. They are used to buy cryptocurrencies on exchanges that don’t accept fiat or as a ‘safe haven’ store of value for when other crypto assets witness large price swings.
Stablecoins fall into four broad categories: fiat-collateralised stablecoins, commodity-collateralised stablecoins, crypto-collateralised stablecoins, and non-collateralised stablecoins (which aren’t backed by anything).
Hundreds of stablecoin projects have been announced over the past few years – to varying degrees of success. These are some of the most successful and popular stablecoins today.
More info
: https://finance.yahoo.com/news/list-stablecoins-know-110001820.html
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Stablecoin is the stable currency where have a constant value . It's value don't affect by market pumping and dumping.
Tether USDT
USDC
True USDT
Pax
Dai
Binance USD
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Stable coins are designed to be a counterweight to a variety of altcoins that fluctuate heavily for the speed at which their price changes.
With stable coins, it is certain that we can secure our assets and for sure this will be the best choice of various cryptocurrencies that are already on the market.
Examples for stable coins = USDT,USDC,BUSD,Paxos,TUSD etc .
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Though usdt, busd and usdc is quite popular because of defi space. But here is some stablecoins which might become more popular in the upcoming days: UST, HUSD, GUSD and LUSD
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Though usdt, busd and usdc is quite popular because of defi space. But here is some stablecoins which might become more popular in the upcoming days: UST, HUSD, GUSD and LUSD
Only stable coin saves investor fund so we have to see the market trend and get ready a good decision very quick. so every investor can save their fund by convart with stable coin. so I think need a more stable coin for trade facality.
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Yeps, that's the list of stable coins in cryptocurrrency space and have more a big market capitalizations.
There are so many stable coins in circulation now because they are competing to make the best or become the top for all cryptocurrencies because stable coins are needed when the market starts to red.
The market is getting red now, and various Telegram channels are writing about how they are afraid of the Bearish and for sure this will provide something valuable for the stable oin to buy more at lower prices for all crytpocrurencies.
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There are so many stable coins that have been circulating in cryptocurrencies and of course we can't mention them and maybe what we know is only coins with large market caps such as BUSD, USDT, USDC and TUSD.
But if we walk to various exchanges to look for stable coins, there will always be one available, whether it's from FIAt or a newly created stable coin.
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Busd can also be attributed as a stablecoin, can also be added to the list usdt
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Stable coin is a very important coin and without any stable coin our Crypto fund will not Secure. Always Stable coin managed Investors and Holder portfolio fund.
On this time my Favorite Stable coin is Tether, Dai, and Usdc but i see that most people use Tether (USDT).