Post
Topic
Board Altcoin Discussion
Re: Which stablecoin do you "trust" the most?
by
KaliLinux
on 20/06/2022, 11:14:06 UTC
I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)
This caused a lot of tension on which stablecoin would be the next to depeg. At one point, USDT was under a lot of pressure, and its price even slight dropped as people were rushing to buy USDC and BUSD. Which brings me to the question

Which stablecoin do you feel so comfortable using, without having any worry of depegging?
The issues with stable coins are becoming more worrisome now considering all that has happened recently and is there any stable coin that I think can be actually trusted to be the best with no issue? I guess no, but we still have to use them when the need arises. The question still remains, If these stable coins are actually pegged to the USD, why are they always below $1? As I am typing this, only BUSD and USD Coin are at 1$ others are less and Tron USDD is even $0.96. However, I would say if I have to sell to stable coin it is most likely to be BUSD, USDT.