I know this question has been answered many times before.
However, I want the current market outlook.
Frist:Stablecoins are cryptocurrencies the value of which is pagged, or tied, to that of USD.
I made this post to discuss together which stable coin is the best stable coin in your opinion ?
The current biggest stable coins are:
1- Tether: USD
2- USD Coin: USDC
3- Binance USD: BUSD
4- Dai: Dai
5- True USD: TUSD
These are the biggest by marketcap .
After a research I saw that a lot of negative comments are about USDT.
However, USDC and BUSD seems the most trusted .
What do you think?
Thank you.
For now it will be safer if we choose USDC, because the stablecoin token made by Circle has reserve assets not only US dollars, but also US government bonds or short-term US Treasury as its reserve assets.
With the short-term United States Treasury as one of its reserve assets, the USDC stablecoin becomes more attractive because it is relatively safer than other stablecoins and USDC is a stablecoin pegged to the US dollar at a 1:1 ratio, like other stablecoins. each unit of this crypto in circulation is backed by US$1 held in reserve, in the form of a cash mix.
so don't be surprised if USDC is safer and the price is still stable, the market capitalization of USDC is still increasing.