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How many stable coins do we have??

  • Thread starter Thread starter Sincerem
  • Start date Start date
In reality, cryptocurrencies are volatile in nature. Hence, it won't sound right to mark some of them as stable because even the seemingly stable ones still have the potential to either fall or rise in value.
 
Shigobad2020 said:
I heard from you sometimes ago that we have around five thousand crypto currency coin all over, but to get a stable crypto currency that works hand in hand with fiat currency, the only stable crypto currency I know is USDT.
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We have large amount of stablecoin when it comes to cryptocurrency according to your comment here we have up to 5000 cryptocurrency coin all over but to get a stable keto currency that works hand in hand with slatkin that's only stablecoin I know it is.
 
Shigobad2020 said:
I heard from you sometimes ago that we have around five thousand crypto currency coin all over, but to get a stable crypto currency that works hand in hand with fiat currency, the only stable crypto currency I know is USDT.
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Yes, no doubt, we have more than five thousand Cryptocurrency in the market. And more than 100s of stable coins that represents each country's Fiat currency in the digital coin market.
 
Well as far as cryptocurrency is concerned and if you look at it very closely you will see that it's actually one stable coin that we have that people used to transact and that coin is USDT.
 
I don't know the exact amount of stable coin in cryptocurrency,the most popular one I have an understanding about is the usdt and busd and that is the one I have been using in most of my trading, I don't know much about it except those two I am just mentioned.
 
I have never been interested in stable coin because I hear that the price is artificial. For example, value of fiat currency depends on the economy of the country, how is that done for fiat currency.
 
Every digital coin has a purpose why it is created, so do stable coins. They're created to serve a purpose to work hand in hand with country's Fiat currencies to keep your assets stable from fluctuations.
 
Of all the stable coins out there, the ones I can strictly say I am aware of and also know of are the USDT, BUSD, USDC, And I think the DAI coin as well
 
I only know of USDT and I have used it for transactions many times in the past. I do not know of any other stable coin in cryptocurrency and i do not see the reason why there is need to create more stable coin since people makes profits from the volatility nature of cryptocurrency.
 
I only know of the busd, the usdt, the EUSD,maybe there are lot of them I do not have an understanding about but the one I've just mentioned above are the one I am familiar with and those are the ones I have been converting my coin to
 
We have the usdt, I do not save my money in stable coin because I believe it is not going to be profitable, I save my money in a volatile cryptocurrency like BTC and LTC,are the best and they are the one I've been investing on for over a long period of time now.
 
Sincerem said:
Their are coins i see in the coinmarketcap list of digital currency features, looking like stable coins. I only know of two stable coins, usdc, and usdt. I don't know if their is any again. But my instinct is telling me that, their are still other stable coins not yet discovered by me. Cos their are more than 4k plus coins in the coinmarketcap crypto list. When you check them via their ranks, you gonna see plenty of unknown coins, both the ones looking like stable coins and the ones without recognition and value. I still don't know if their are other stable coins, but I guess so, their is.

Can any one help me, if their is other stable Cryptocurrency that works hand in hand with fiat currency like the U.S dollar??
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The other crypto currency that works hand in hand with fiat currency I know is that of busd, its just like usdt and its also have dollar rating.
 
Dowenship said:
The other crypto currency that works hand in hand with fiat currency I know is that of busd, its just like usdt and its also have dollar rating.
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They are representing the USD in the digital coin market. Another one is USDC which same in price with USDT and Binance USD coin.
 
Based on the number of stable coin that we have, I only know of usdt and usdc just like you. However, I don't think there are other stable coin in the crypto currency exchange Business because if there are more they will definitely be listed on different PLATFORMs
 
Sincerem said:
Their are coins i see in the coinmarketcap list of digital currency features, looking like stable coins. I only know of two stable coins, usdc, and usdt. I don't know if their is any again. But my instinct is telling me that, their are still other stable coins not yet discovered by me. Cos their are more than 4k plus coins in the coinmarketcap crypto list. When you check them via their ranks, you gonna see plenty of unknown coins, both the ones looking like stable coins and the ones without recognition and value. I still don't know if their are other stable coins, but I guess so, their is.

Can any one help me, if their is other stable Cryptocurrency that works hand in hand with fiat currency like the U.S dollar??
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I also believe that there are many more stable coin that we can find in binance exchange. I believe that they are USDT usdc, eur, gbp, etcetera.
 
Since I have been in the crypto Business I haven't heard more than usdt and usdc and I think those are the two major stable coin we have on the market. If we have others people will definitely talk about them
 
Yusuf said:
Since I have been in the crypto Business I haven't heard more than usdt and usdc and I think those are the two major stable coin we have on the market. If we have others people will definitely talk about them
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These are the major ones and the reason that people talk about it so much is that the us dollar is generally considered to be a norm when it comes to prices and therefore it is linked to that notion. However binance has recently also released a stable coin for the euro as well.
 
jeff87 said:
I also believe that there are many more stable coin that we can find in binance exchange. I believe that they are USDT usdc, eur, gbp, etcetera.
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Their are over 50+ stable coins in the cryptocurrency market. But only few I recalled and majority of them falls in the USD log and not in other Fiat currencies.
 
From what I know about cryptocurrencies I believe that most coins that are listed on the cryptocurrency website binance as stable coins because they already have worth.
 
Considering the fact that there are alot of cryptocurrency coins,but I am sure of USDT,USD dollar,apart from this I don't know of any other ones.
 
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