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Author Topic: What is tha best stablecoin?  (Read 5076 times)

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What is tha best stablecoin?
« on: November 30, 2020, 06:30:56 AM »
Here are the best stablecoins right now:

1:- Tether (USDT) So named because it “tethers” itself to the value of the USD, Tether is the most well-known stablecoin in the crypto world. ...

2:- True USD (TUSD) ...

3:- Paxos Standard (PAX) ...

4:- USD Coin (USDC) ...

5:- Binance USD (BUSD)



Sorce link:- https://www.benzinga.com/money/best-stablecoins-and-4-types-of-stablecoins/
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What is tha best stablecoin?
« on: November 30, 2020, 06:30:56 AM »

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Offline saprakib

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Re: What is tha best stablecoin?
« Reply #1 on: November 30, 2020, 03:31:12 PM »
Here are the best stablecoins right now:

1:- Tether (USDT) So named because it “tethers” itself to the value of the USD, Tether is the most well-known stablecoin in the crypto world. ...

2:- True USD (TUSD) ...

3:- Paxos Standard (PAX) ...

4:- USD Coin (USDC) ...

5:- Binance USD (BUSD)



Sorce link:- https://www.benzinga.com/money/best-stablecoins-and-4-types-of-stablecoins/
As you said Tether is always the best stable coin on crypto field .However PAX is also a good stable coin .You actually have selected all the popular 5 stable coin all these coin has made their platform stable as it is .However i always use USDT on my transaction and trading so it is the best stable coin to me .
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Re: What is tha best stablecoin?
« Reply #3 on: December 01, 2020, 04:54:19 AM »
There are a lot of stable coins in coinmarketcap but only and one stable coin "USDT" is the best stable coin ever. BUSD may be a competitor in the future of USDT but till now USDT is the perfect way of progress. Last 11 months, its marketcap has been increased drammatically from $4.1 B to $19 due to the increase demand and trading volume with USDT pair in the exchanges where now almost 60% volume are done with USDT. That's why USDT is now top stable coin.

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Re: What is tha best stablecoin?
« Reply #4 on: December 01, 2020, 10:52:27 PM »
Recently, I often use DAI,and USDT is also very convenient,but due to the many trials with this stablecoin and the hype in large volumes, I do not keep it!Dai is one of my favorites!
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Re: What is tha best stablecoin?
« Reply #5 on: December 01, 2020, 11:01:04 PM »
There are a lot of stable coins in coinmarketcap but only and one stable coin "USDT" is the best stable coin ever.
I agree with you. USDT is still the best at the moment which is a top coin. Many people use USDT and believe in its users as a stable coin
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Re: What is tha best stablecoin?
« Reply #6 on: December 02, 2020, 04:14:23 AM »
There are a lot of stable coins in coinmarketcap but only and one stable coin "USDT" is the best stable coin ever.
I agree with you. USDT is still the best at the moment which is a top coin. Many people use USDT and believe in its users as a stable coin

There is a good advantage of USDT now on Binance and TRON TRC20 wallets. There is no withdraw fess from Binance if you use TRC20 usdt wallet and from TRC20 wallets, transaction is without fees or very little like 0.001 TRX etc. This is one of the reason of becoming more popular among the investors. I also convert my assets with USDT and transfer with TRC20 wallets. It is now top trend in our country for 0 fees.

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Re: What is tha best stablecoin?
« Reply #6 on: December 02, 2020, 04:14:23 AM »


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Re: What is tha best stablecoin?
« Reply #7 on: December 02, 2020, 04:20:40 AM »
There is a good advantage of USDT now on Binance and TRON TRC20 wallets. There is no withdraw fess from Binance if you use TRC20 usdt wallet and from TRC20 wallets
Not only on Binance, Indodax also supports TRC20 USDT. It is very profitable for traders to withdraw their assets at no cost.
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Re: What is tha best stablecoin?
« Reply #8 on: December 02, 2020, 05:42:00 AM »
There is a good advantage of USDT now on Binance and TRON TRC20 wallets. There is no withdraw fess from Binance if you use TRC20 usdt wallet and from TRC20 wallets
Not only on Binance, Indodax also supports TRC20 USDT. It is very profitable for traders to withdraw their assets at no cost.

Oh sure, i have given only an example but there are many exchanges that supports TRC20 USDT which is very popular trend now. Transferring TRC20 USDT is now becoming very popular to us specially who are resellers locally to buy and sell USDT instead of BTC, ETH, BNB etc.

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Re: What is tha best stablecoin?
« Reply #9 on: December 02, 2020, 05:49:44 AM »
Transferring TRC20 USDT is now becoming very popular to us specially who are resellers locally to buy and sell USDT instead of BTC, ETH, BNB etc.
Yeah. This is a very useful feature, are other stablecoins like trc20 usdt? because I never used stablecoin except USDT
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Re: What is tha best stablecoin?
« Reply #10 on: December 02, 2020, 10:09:51 AM »
Transferring TRC20 USDT is now becoming very popular to us specially who are resellers locally to buy and sell USDT instead of BTC, ETH, BNB etc.
Yeah. This is a very useful feature, are other stablecoins like trc20 usdt? because I never used stablecoin except USDT

I have same experience like you. I haven't used other stablecoins yet except USDT. But as an investor in Binance, i may need to use BUSD in future. I consider BUSD is the 2nd best stablecoin after USDT.

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Re: What is tha best stablecoin?
« Reply #11 on: December 02, 2020, 12:02:09 PM »
But as an investor in Binance, i may need to use BUSD in future. I consider BUSD is the 2nd best stablecoin after USDT.
I see, I will consider it because Binance is one of the cheap platforms right? BUSD can be an option other than USDT
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Re: What is tha best stablecoin?
« Reply #12 on: December 02, 2020, 01:03:18 PM »
But as an investor in Binance, i may need to use BUSD in future. I consider BUSD is the 2nd best stablecoin after USDT.
I see, I will consider it because Binance is one of the cheap platforms right? BUSD can be an option other than USDT

Sure, i believe BUSD will be a challenge for USDT in future. We know Binance is the best exchange in cryptoworld. Their financial based is very strong. They have hold USD and crypto against their BUSD to retain it's stable coin. 

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Re: What is tha best stablecoin?
« Reply #13 on: December 02, 2020, 04:24:26 PM »
There are several stable currencies in cryptocurrency. Of the stable currencies you mentioned, I think Tether (USDT) is the most stable currency. It is a very popular currency and ranks fourth in the CoinMarketCap’s top ranking kings. During high volatility in the market I keep my assets in stable currency account USDT.
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Re: What is tha best stablecoin?
« Reply #14 on: December 03, 2020, 06:47:31 AM »
There are several stable currencies in cryptocurrency. Of the stable currencies you mentioned, I think Tether (USDT) is the most stable currency. It is a very popular currency and ranks fourth in the CoinMarketCap’s top ranking kings. During high volatility in the market I keep my assets in stable currency account USDT.

The more volatile market, the more use of stable coins. Hence USDT has already created a huge space and trust in the mind of the investors. As a result, we are now observing a huge trend to convert or trade in USDT pair in different exchanges. In volatility, it is safe to hold assets in USDT or any other stable coin.

 

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