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How many stable coins do we have??

  • Thread starter Thread starter Sincerem
  • Start date Start date
Just like you perceive, there may be numerous stable coins in the market. We may not know them now because stable coins are less popular except then one that are launched earlier.
 
I only know about Usdt, USDC and BUSD. Though I use usdt most of the time since it's the most popular in binance peer to peer market place.
 
It was actually early this morning i came to fully understand what stable coins actually ment. And one very simple explanation is that stable coins are coins backed up by a flat currency. And i think yiu are right there are alot of stable coins out there that we may not know and some would be coming up soon. Like my country is currently talking about creating their own 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.They rise and falls.
 
From the looks of things, we should have more than enough stable coins that people are investing into already. There are so many cryptocurrencies out there that people invest in.
 
I don't think they are that many compared to unstable ones tho but I can name a few like USDC, USDT. They have their benefits too no doubt and cam come handy in the future
 
Bookwormlux said:
I only know about Usdt, USDC and BUSD. Though I use usdt most of the time since it's the most popular in binance peer to peer market place.
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Yes, USDT is the most popular and reliable stable coin around. That's why binance choose it for their peer to peer trading formalities, and its going well.
 
To the best of my knowledge I think we have about five or six if I'm not mistaken. We have the USDT, BUSD, USDC, DAI, SUSD, TUSD
 
You are really correct in your curiosity to know if there are other stable coins in the midst of all those coins listed. I was having this thoughts too. But I am only aware of USDC, USDT, and USD dollars. This discussion has made me know the full meaning of these stable coins. Thanks guys.
 
Sincerem said:
Yes, USDT is the most popular and reliable stable coin around. That's why binance choose it for their peer to peer trading formalities, and its going well.
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If not for stable coins, trading won't be easy at all. Now you can place an order for your coins to sell off and minimize risks of losing out.
 
I don't know as I cannot give you an accurate calculation of how many stablecoin we have in the cryptospace but the most popular one we have around in our crypto wallet and exchanges is the usdt, busd is also a stable coin,they have a lot of benefit because it can actually save you from devaluation of cryptocurrency.
 
Kunkun said:
I don't think they are that many compared to unstable ones tho but I can name a few like USDC, USDT. They have their benefits too no doubt and cam come handy in the future
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Exactly, you have a very good point when it comes to USDT being one of the most stable cryptocurrencies because it's never too volatile like other cryptocurrencies like BTC, LTC and others.
 
Stablecoins are very important especially when we are trading cryptocurrencies. There are several stablecoins such as usdt, busd and so many of them.
 
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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One of the most stable coin among the crypto currency is dogecoin, though the exchange rate is still low but it has been stable, litecoin too is kind of stable while bitcoin as the most popular coin keep depreciating.
 
Sincerem said:
Yes, USDT is the most popular and reliable stable coin around. That's why binance choose it for their peer to peer trading formalities, and its going well.
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Definitely so, the USDT has been really effective in it's usage for many investors and exchange and I don't see that changing any time soon unless it even gets better
 
Herzhan said:
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.
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There are actually stable coins. These coins are not affected by the factor that affects the other volatile crypto currency like bitcoin, ethereum etc example of stable coin is USDT, tether etc.
 
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 really don't know if there is any stable coin out there but if there is any one I think I need to search more about those coin to know the one that is more stable out of all the coin.
 
FreshKaz11 said:
I really don't know if there is any stable coin out there but if there is any one I think I need to search more about those coin to know the one that is more stable out of all the coin.
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Laughs, since you started online and learning about crypto, don't you know what stable coins are?? Stable coins should be known to you.
 
I think most probably we have around 3 to 4 stable coins. But exact figure I don't know sadly. Some of the stable coins which I remember are Tether USD, Binance USD and parallel. Though there might be some other coins too which I forgot to include.
 
Raz1911 said:
I think most probably we have around 3 to 4 stable coins. But exact figure I don't know sadly. Some of the stable coins which I remember are Tether USD, Binance USD and parallel. Though there might be some other coins too which I forgot to include.
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Their is enough stable coins around, a member mentioned it earlier here, if you scrow down deeply you'll find it. I can still recall about 4-5 stable coins. Which is, USDT (Tether), Binance USD, Terra USD, USDC etc.
 
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