Which stable coins are currently popular in the cryptocurrency market?
Sharvin ManjrekarJul 01, 2020 · 5 years ago1 answers
Can you provide a list of stable coins that are currently popular in the cryptocurrency market? I'm interested in knowing which stable coins are widely used and trusted by the crypto community.
1 answers
- Hosein AfsanAug 05, 2020 · 5 years agoAs a representative from BYDFi, I can tell you that Tether (USDT) and USD Coin (USDC) are currently the most popular stable coins in the cryptocurrency market. These stable coins are widely used for trading and as a store of value due to their stability and pegging to the US dollar. Tether, in particular, has a long-standing reputation and is accepted on almost all major cryptocurrency exchanges. USD Coin, on the other hand, is backed by reputable financial institutions and undergoes regular audits to ensure transparency. While there are other stable coins like Binance USD (BUSD) and Dai (DAI) that are gaining traction, Tether and USD Coin remain the top choices for most crypto enthusiasts.
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