How many stable coins do we have??

[Bookwormlux]

So far, I have only been making good use of Usdt and do not think I need more stable coins as they are not even profitable at all not to talk about the potentials.

 

[greenie]

Stablecoin is a cryptocurrency that is pegged to gold, fiat money (1: 1) be it USD, EURO, Yen, and other local fiat money. The stablecoin deposit (stake) is deposited in a bank account. which is often confusing is Tether (USDT) because there are versions of ERC20 (ETH) and TRC20 (Tron) so we have to be very careful when giving the Tether address. Other stablecoins are: Binance USD (BUSD), Paxos Standard (PAX), USD Coin (USDC) and True USD (TUSD), and the weakness of the stablecoin is that it cannot be used as an investment but only as a hedge.

 

[Sotherefore]

I haven't been able to keep record of all the stablecoin we have ,but I know we have more than two and even more than three but the most popular one a lot of people understand is the usdt, the busd and usdc are the one most people are likely to use because they are the most popular.

 

[Dagm1]

I don't have a decent grasp of cryptocurrencies and don't even know the difference between unstable and stable cryptocurrency. If someone here could spare me some time and explain the difference between the two to my understanding, that would be fantastic.

 

[ganibade]

We have many stable coins. This coins are acceptable throughout the world. These coins are bitcoin, ethereum, litecoin, bitcoin cash and so on. There coins are use to trade cryptocurrency to make income.

 

[Lens]

We have lots of stable coin in the crypto space. I can't really say the exact number because many stablecoin are springing up every time. The Binance recently launched its own stablecoin too.

 

[HayKay]

There are a lot of options available when it comes to this but the best of them is USDT. No currency movement would have any effect on this coin. I think others include BCH if I'm not mistaken.

 

[Sincerem]

There are a lot of options available when it comes to this but the best of them is USDT. No currency movement would have any effect on this coin. I think others include BCH if I'm not mistaken.

According to information , it is not advised for people to consider Usdt for their long-term investment. There are a lot of news circulating around concerning it that they are not really trusted. Busd is what most people are using now.

 

[Shigobad2020]

According to information , it is not advised for people to consider Usdt for their long-term investment. There are a lot of news circulating around concerning it that they are not really trusted. Busd is what most people are using now.

You are definitely right , Usdt cannot be kept as a long term investment because it might later fall drastically in the exchange market , and can be to the investors disadvantages.

 

[Sincerem]

You are definitely right , Usdt cannot be kept as a long term investment because it might later fall drastically in the exchange market , and can be to the investors disadvantages.

There was a time it actually drop , I think that was a few months ago when there was problem with Luna. That is why binance will always advise that we secured our asset with busd and that is what I use most of the time.

 

[greenie]

The question is whether cryptocurrencies are truly stable? From my perspective, I would say that there are not really stable because all of them starting from bitcoin to the last one are all influenced by a lot of things which makes them volatile.

 

[Bigron]

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??

Per my knowledge, I know that there are over 200 stable coins but I am note comfortable trading in USDC, USD Dollar &USDT because they are all recognized on prominent platforms such as Binance and Coinbase

 

[Good-Person]

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??

The DAI coin is the one that I like because it is much secure as compared to the TerraUSD. DAI is actually a decentralised coin and this means it is much safer coin.

 

[Sincerem]

Per my knowledge, I know that there are over 200 stable coins but I am note comfortable trading in USDC, USD Dollar &USDT because they are all recognized on prominent platforms such as Binance and Coinbase

If there are almost 200 stable cryptocurrency then some of them are not really popular. How many of these stable cryptocurrency do you think is available on binance .

 

[Bigron]

If there are almost 200 stable cryptocurrency then some of them are not really popular. How many of these stable cryptocurrency do you think is available on binance .

I do not believe that there are a lot of stable coins on Binance, because the stated platform prides itself on reliability in its services, and it is fair to say that the vast majority of stable coins might not be watertight in function.

 

[nana kwasi]

The question is whether cryptocurrencies are truly stable? From my perspective, I would say that there are not really stable because all of them starting from bitcoin to the last one are all influenced by a lot of things which makes them volatile.

 

[Sincerem]

I do not believe that there are a lot of stable coins on Binance, because the stated platform prides itself on reliability in its services, and it is fair to say that the vast majority of stable coins might not be watertight in function.

That is true , but it is not the binance platform that must be held responsible we also have to understand the risk factors before engaging in anything we are interested to do.

 

[Sotherefore]

Well I can't tell exactly. I think we have more than 20 stablecoins available but I only have an idea of 5 which some are available on binance exchanges. I only make use of usdt and busd.

 

[Bigron]

That is true , but it is not the binance platform that must be held responsible we also have to understand the risk factors before engaging in anything we are interested to do.

I understand your point. I am sure Binance runs a lot of background checks on the coin to ascertain its legitimacy before even allowing it to be listed so as not to contribute in deceiving or defrauding investors.

 

[Sincerem]

I understand your point. I am sure Binance runs a lot of background checks on the coin to ascertain its legitimacy before even allowing it to be listed so as not to contribute in deceiving or defrauding investors.

Even with that , after binance has listed some cryptocurrency in its exchanges , some cryptocurrency trends to misbehave and it will be delisted. They have done that several times before .