The best Stablecoins

What is a Stablecoin?

Coin that does not fluctuate under volatile conditions is a stablecoin. A safe haven to secure liquidity.

How to identify them?

Easiest way to identify a stablecoin is to check the peg. Most stablecoins are  pegged against the fiat currency in a 1:1 ratio.

USDT: No.1 Stablecoin

Launched in 2014, Tether is owned by iFinex, a Hong Kong based company. Is it safe? Check the details-

USDC Stablecoin

Launched in 2018, it was created by Coinbase & Circle with USD peg. Is it audited? Check details -

BUSD Stablecoin

BUSD is a stablecoin by Paxos & Binance. It is audited on a monthly basis Details-

Poundtoken GBPT

Launched in 2022, its the first stablecoin pegged against GBP. Interesting details inside the link -

Can you mine them?

Stablecoin works on a fixed peg. It cannot be mined but requires regular auditing. USDT has been charged for mismanaging funds

Which one is the best?

Honestly, it depends on the transparency of the company & the spread of token across exchanges & chains. USDT is leading

About Algo stablecoins

There are algorithmic stablecoins that functions without peg like UST & GHO (AAVE). We won't recommend them

Is it a good investment?

Stablecoins aren't a good investment. They aren't volatile in nature hence won't appreciate in value like other crypto tokens.

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