Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: akeemqaz on January 24, 2025, 10:36:34 AM
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Most crypto users prefer to convert their profits into stablecoins, and different people have their own preferred choices of stablecoin.
After the removal of BUSD from the market, there has been a lot of speculation regarding USDT and USDC.
I've been looking for other options but would appreciate suggestions here, along with information on which exchanges support your recommended coins.
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DAI is decentralized and is based on pairs of assets including USDC to maintain the stability of the currency. You may find some other options but most of them have low liquidity or may not be listed on many platforms, so it is better to invest in USDT/USDC/DAI and not use stablecoins as an alternative to USD.
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DAI is decentralized and is based on pairs of assets including USDC to maintain the stability of the currency. You may find some other options but most of them have low liquidity or may not be listed on many platforms, so it is better to invest in USDT/USDC/DAI and not use stablecoins as an alternative to USD.
Oh, true... DAI is one of the oldest stable coins, and I think it has never depegged, or has it ever? Thanks for this option. I will look into it and also compare it with other people's options to see.
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There are a bunch of alternative options for stablecoins but I wouldn't trust any of them long term, that includes USDT and USDC.
Paypal created their own version called PYUSD, and I amsure other companies will do something similar in future.
You can find full list of stablecoins on Coingecko and similar websites:
https://www.coingecko.com/en/categories/stablecoins
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DAI is decentralized and is based on pairs of assets including USDC to maintain the stability of the currency. You may find some other options but most of them have low liquidity or may not be listed on many platforms, so it is better to invest in USDT/USDC/DAI and not use stablecoins as an alternative to USD.
You actually make a good point about liquidity and exchange listings, which are important factors to consider when choosing a stablecoin.
But in my own opinion, investing in USDT, USDC, and DAI seems like a solid strategy, but I also believe USDS to be an upgraded version of the DAI token within the Sky Protocol and it is listed already which shows its future.
Do you also have any experience with other decentralized stablecoins like FRAX or LUSD? I want to know more about them also.
(https://i.ibb.co/6r782Js/20250125-182005.jpg) (https://ibb.co/mbV0mFz)
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There are a bunch of alternative options for stablecoins but I wouldn't trust any of them long term, that includes USDT and USDC.
Paypal created their own version called PYUSD, and I amsure other companies will do something similar in future.
You can find full list of stablecoins on Coingecko and similar websites:
https://www.coingecko.com/en/categories/stablecoins
I trust USDT and Tether because they have existed strongly in this market and have a very large market capitalization. Each USDT is backed by assets worth more than $1, so my doubts are no longer too big. I can focus my mind and time on finding opportunities in the market instead of worrying about Tether collapse.
Besides USDT, USDC is also a reputable stablecoin and worth considering. New stablecoins are not attractive to me, even revenue-sharing stablecoins. They have quite high risks and I will wait for their success and stability before joining. I still remember very clearly what happened to UST in 2022, I don't want to be a victim of any stablecoin in 2026 ^^
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I can focus my mind and time on finding opportunities in the market instead of worrying about Tether collapse.
Nobody told you to worry about anything, and good luck with your blind trust in stablecoins, you are probably a rich man with all your found opportunities in all this crypto years... ::)
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Dai is the next good option that you can consider OP. I do not want to use any other stablecoins so far after the bad thing that had happened to UST. And that's why if you are okay with USDC and USDT, then that's it. The only different thing in there is about the network that you'll use for them since there are a lot of networks that support these two. I think so far, they're the best options if someone wants to convert their profits into stable coins.
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sorry I don't have any suggestions on which stablecoins can be used as alternatives, because I often use BUSD, USDT and USDC because BUSD has been removed I only often use USDT for exchange and payment, although DAI is also good but I feel strange to have it
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sorry I don't have any suggestions on which stablecoins can be used as alternatives, because I often use BUSD, USDT and USDC because BUSD has been removed I only often use USDT for exchange and payment, although DAI is also good but I feel strange to have it
If you don't have an idea, it is no problem, mate. OP didn't force anyone to deliver an idea/opinion. ;)
As OP said, BUSD has been removed in some exchanges. It will be safer to use USDT or USDC. So far, there is no sign that these stablecoins will be removed massively. USDT and USDC looks strong enough to survive in crypto market. We don't need to feel too worried about their future. By the way, I'm not really familiar with DAI. If you feel strange with DAI, kindly avoid to have it.
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sorry I don't have any suggestions on which stablecoins can be used as alternatives, because I often use BUSD, USDT and USDC because BUSD has been removed I only often use USDT for exchange and payment, although DAI is also good but I feel strange to have it
If you don't have an idea, it is no problem, mate. OP didn't force anyone to deliver an idea/opinion. ;)
As OP said, BUSD has been removed in some exchanges. It will be safer to use USDT or USDC. So far, there is no sign that these stablecoins will be removed massively. USDT and USDC looks strong enough to survive in crypto market. We don't need to feel too worried about their future. By the way, I'm not really familiar with DAI. If you feel strange with DAI, kindly avoid to have it.
if you don't know then you don't love, the proverb says, but you're right if you're not sure it's better to avoid it, USDC is from sol, right? don't let this stablecoin be deleted, it will be troublesome if there is no USDT on the exchange
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if you don't know then you don't love, the proverb says, but you're right if you're not sure it's better to avoid it, USDC is from sol, right? don't let this stablecoin be deleted, it will be troublesome if there is no USDT on the exchange
Sure, you can't love someone/something that you never know. :D
Yep, it is better to avoid it if we aren't familiar with DAI. Do you often use DAI?
Regarding USDC, just go through this link if you don't really know it. Please read: https://www.moonpay.com/learn/cryptocurrency/what-is-usdc#what-is-usdc.
I've no idea about keeping or deleting any stable coin in exchanges. It totally depends on the exchanges, we have no right to do it. If they assume it no longer has value, then they will delete it at any time.
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if you don't know then you don't love, the proverb says, but you're right if you're not sure it's better to avoid it, USDC is from sol, right? don't let this stablecoin be deleted, it will be troublesome if there is no USDT on the exchange
Sure, you can't love someone/something that you never know. :D
Yep, it is better to avoid it if we aren't familiar with DAI. Do you often use DAI?
Regarding USDC, just go through this link if you don't really know it. Please read: https://www.moonpay.com/learn/cryptocurrency/what-is-usdc#what-is-usdc.
I've no idea about keeping or deleting any stable coin in exchanges. It totally depends on the exchanges, we have no right to do it. If they assume it no longer has value, then they will delete it at any time.
no I don't have DAI, I just know but don't dare to have it, even though DAI is the best stablecoin but I'm not interested, honestly I'm afraid the Terra case will happen again so I just take a safe stablecoin like USDT
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Most crypto users prefer to convert their profits into stablecoins, and different people have their own preferred choices of stablecoin.
After the removal of BUSD from the market, there has been a lot of speculation regarding USDT and USDC.
I've been looking for other options but would appreciate suggestions here, along with information on which exchanges support your recommended coins.
USDT is widely used and has a high circulating supply, which makes it the number one stablecoin in the market by marketcap. However, USDT has to face court due to some allegations against it. But so far it's a good enough and reliable stablecoin for me. USDC is also a good coin. But I use USDT most of the time because all coins can be traded in USDT pairs on every exchange platform. that's why i use USDT must of the time then USDC and another stable coin
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if you don't know then you don't love, the proverb says, but you're right if you're not sure it's better to avoid it, USDC is from sol, right? don't let this stablecoin be deleted, it will be troublesome if there is no USDT on the exchange
What the heck are you talking about dude ::)
Coins are not ''deleted'', they can get delisted from exchanges but they are still available on the blockchain.
Only complete ban from all governments can result in some coins getting less usage by people, and less way for people to trade it.