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.
You are right that currently USDC and BUSD are the best among the options you wrote above, because I also hold these two stablecoins. Using USDC and BSUD as a pair is safer than using USDT which is audit, regulatory and non-transparent in terms of auditing, regulation and storage, stablecoins like Tether (USDT) are arguably higher risk because they are less trustworthy. Although USDT has US dollars, it is held in unreliable offshore banks and USDT is not audited regularly.