How many stable coins do we have??

[Sincerem]

Amazingly enough there are over 200 stable coins that have been developed in the cryptocurrency world and most of them are privately owned. I think that if you are looking for a cryptocurrency that is stable and that works hand in hand with the US dollar then the best one that I can suggest to you is the USDT coin or perhaps USDC. These two generally have very similar values to the US dollar and there are slight fluctuations here and there. But overall it is quite stable.

Fantastic response bro, i knew their plenty of stable coins around the crypto market that works hand in hand with countries fiat currencies. But the ones that works hand in hand with U.S dollar are the most popular ones among those list of 200 stable coins around. I wonder why some of this stable coins are hidden.

 

[Bart Simpson]

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.

 

[Ehizzy1]

My brother, there is no stable coin. Crypto currency is a digital currency which rise and fall. If he remain stagnant traders won't make profit or loss. So there is no stable coin. All coin moves. They rise and falls.

I think you really need to make more research on stable coin because there are many stable coins like usdt , busd and others , you can see them on exchange sites like binance and others , and when you buy them you can use them to trade crypto currency and make profit , because they are actually stable and they don't just fluctuate like other coins i think , just check more

 

[Herzhan]

I think you really need to make more research on stable coin because there are many stable coins like usdt , busd and others , you can see them on exchange sites like binance and others , and when you buy them you can use them to trade crypto currency and make profit , because they are actually stable and they don't just fluctuate like other coins i think , just check more

You are right. Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities (such as precious metals or industrial metals). Stablecoins redeemable in currency, commodities, or fiat money are said to be backed, whereas those tied to an algorithm are referred to as seigniorage-style.

 

[Chibson]

There are so many valueless stablecoins out there. So to your question, I know of tether ( USDT), True USd, and bitcny ( i think this one doesn't have value yet). I think stablecoins isn't that attractive to investors because I don't see them making profits over time. I stand to be corrected though.

 

[BrolySSJ]

Fantastic response bro, i knew their plenty of stable coins around the crypto market that works hand in hand with countries fiat currencies. But the ones that works hand in hand with U.S dollar are the most popular ones among those list of 200 stable coins around. I wonder why some of this stable coins are hidden.

Perhaps these are the stable coins that have a hard time maintaining the value against the us dollar or perhaps they are not based on the us dollar and are stable in relation to another fiat currency? This could be possibel and therefore that is why they are not used as frequently or are not as well known. If you consider the fact that there are so many stable coins out there I am sure that some of them will be for different fiat currencies and in this case then it would make sense that they are not prominent as the US dollar is the most used currency and generally the one currency that everything is related to.

 

[Ehizzy1]

Yeah they are pegged to cryptio currency and that is why they are called stable coin , like for instance 1 usdt is equal to $1 and this is how stable coin works ,so its just as the same as it , and also stable coins are more like normal currency and they can be used also for transactions like you could send to sellers that is making use of it for transactional purpose and others

 

[Patrik]

It does not really matter how many stable coins exist, but i see no point in using them instead of fiat currencies, you are just making it harder for you to use them later due to their lack of popularity

 

[redpogi16]

In my opinion i think there Seven thrilion seven hundred seventy seven billion eight hundred eighty-seven million seven hundred thousand nine hundred thirty six stable coin so in concluded that mars is more farther than eart so if you calculate it you can calculate it so therefore the answer is i dont know thank me later

 

[Rimsha kanwal]

Cryptocurrency is notoriously volatile, which reduces mainstream participation and limits its use (generally) as a usable platform of exchange for goods and services. The stablecoin is a low volatility version of a cryptocurrency. Reducing volatility can be achieved in a number of ways, including backing the coin with a stable asset.

 

[Tariq Nazir]

The number of stable coins might be much but honestly the ones I am more confident on are USDC , USDT and USD Dollar these stable coins are supported by Binance, coinbase, blockchain wallets
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In my opinion i think there Seven thrilion seven hundred seventy seven billion eight hundred eighty-seven million seven hundred thousand nine hundred thirty six stable coin so in concluded that mars is more farther than eart

 

[Caali]

Stable coins are at the very center of recentralizing decentralized systems, but they are still necessary in cryptocurrency until everything is priced in satoshis and things like the USD are considered antiquated trades of value. Until that happens, there are a variety of stablecoins out there

 

[GIFTMICHAEL]

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??

I think i will completely agree with you about the stable coins.
I don't have adequate knowledge about that coinbase that works hand in hand with fiat U.S dollars.
From the above analysis so far i understand that there are many coins in the cryptocurrency coin market cap.

 

[Sincerem]

The number of stable coins might be much but honestly the ones I am more confident on are USDC , USDT and USD Dollar these stable coins are supported by Binance, coinbase, blockchain wallets
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In my opinion i think there Seven thrilion seven hundred seventy seven billion eight hundred eighty-seven million seven hundred thousand nine hundred thirty six stable coin so in concluded that mars is more farther than eart

Their is no stable coin like US DOLLAR. the ones that represent US dollar in the crypto market is the, USDT and USDC. Unless their are latest USD stable coins in the Cryptocurrency market. The number you quoted isn't correct about stable coins, make your researches before given your quote in order not to geopardize someone's idea.

 

[Ralphjoe]

Honestly speaking I don't know much about stablecoins the only stablecoins I know where the one you mentioned. I don't know of any other one. It would be a welcome development if all countries should have a digital coin version of their Fiat currency just us the US dollar has usdt, the chinese yen for the digital yen.

 

[Jumoke12]

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??

I may not really know much about cryptocurrency but I think the only time I browsed about what stable coin is, the one I found is USDT which is called Tether.

 

[Victor72]

I don't really know if there is any other stable coin that works hand in hand with USD dollars, but I know stablecoin has supported by coinbase

 

[Richard92]

Where have about five stable coin which are dominating the cryptocurrency market these days and I think they are doing perfectly well do to the investors testimonies.

 

[Hopey]

I didnt even know about all these. I think i will need to research on the meaning of stable coin and know how many. They are cos i have not really come across them

 

[Alihaider]

Backed stablecoins are subject to the same volatility and risk associated with the backing asset. If the backed stablecoin is backed in a decentralized manner, then they are relatively safe from predation, but if there is a central vault, they may be robbed, or suffer loss of confidence.