Post
Topic
Board Altcoin Discussion
Re: Help a newbie choose a better stable coin
by
cdog
on 18/05/2022, 07:58:26 UTC
Always choose those stable coin which is backed with fiat and stay  away from those Stable coins which are backet with algorithm. We already seen ust and Dei crash.
In my view most trusted stable coins are Usdc,Dai and Busd. These stable coins are backed with fiat with strong Support by Etherium and Binance respectively. Government of England also looking to legalize Usdc and it's good for this Stable coin.
We have to be careful when choosing a stable coin that is a shitcoin, so don't fully believe in a stable coin because its value can not always be maintained for $ 1 but it has been proven that stable coins are also part of shitcoins that can collapse at any time.