Bitcoin Forum

Hey,

Is there a list of currently available Anon stable coins?

It looks like there's no list to the anonymous stable coin. I remember a few years ago there's a company cally saga that already launched its private stable coin but idk whether it's still alive or not.
As far as i know if you will never find that as there's no team that is not yet developing the anonymous stable coin.
why don't you just use monero?

Yes this comes first to my mind Monero. It's one of the anonymous coin on the market but I doubt that it is stable since cryptocurrency has never been stable due to the decentralized market we have.

Because it's not a stable coin, OP asking for Anonymous stable coins.

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@OP there's no anonymous stable coins right now, probably it's exist in the past and ended as deadcoin now.
You can find many anonymous coins here https://www.coingecko.com/en?category_id=privacy-coins&view=market as for stable coins https://www.coingecko.com/en?category_id=stablecoins&view=market

Price of monero is pretty stable, heh. Anyway, the best private stable money is a cash

yes but not as stable as fiat currencies well it is indeed that monero is an anonymous coin but it's not stable as fiat and anytime the price could drop. well i don't think cash could be great if it's physical i think it's anonymous but with bank accounts and stuff i don't think it's anonymous

Stablecoin can not be anonymous because they are centralized and needs a lot of centralized activity to do in order to maintain the price stable which is the resistance towards being anonymous stablecoin. Why don't you put your money on privacy coins like XMR, ONION etc?

Can't imagine a stablecoin being anonymous. Yes your transaction might be untraced due to the anonymous nature but everything is actually saved up on the blockchain and the company that owns that stablecoin could be an easy target by the government to reveal all the information regarding their specific customers.

Stablecoin and anonymous just doesn't sit well in one sentence.

Stablecoins are are regulated by the governments so it can't be anonymous coins for sure so if you want to really invest into a stable coin then you can't expect the centralised technology with it. But there are some choices like stable coin called DAI which is actually backed up by decentralized assets so it is more better stable coin compared to other stablecoins like tether.

Wrong. If they branded their stablecoin as anonymous, then there's no way that they will reveal information to anyone because that will be against their whole concept.

The reason why there's no anonymous stablecoin right now is because regulations and authorities would be knocking on their door and that will be a huge bothersome to them. No businesses would make a stablecoin that is too troublesome to maintain.

There are no anonymous stable coins yet.

Better use Monero, Zcash, Dash, BitcoinDark, among others...

But there is no reason to exist an anonymous stable coin.

Until now!

An anonymous stablecoin?  ??? Wouldn’t that be a risk? So some anonymous groups pops up and say they have an anonymous stablecoin that’s pegged 1:1 with the USD and you will be interested in buying it? That’s going to be a very huge risk. The only good cryptocurrency that is anonymous is Monero, although I still question whether it’s really anonymous.

There have once been a news that CipherTrace developed a tool that can be used in tracing transactions that are being done with Monero. That means no matter how they claim to be anonymous, there will always be a way to trace it.

There is an anonymous stablecoin - it's xUSD from Haven Protocol, which is a fork of XMR, so it encompasses all of XMR's privacy features. It's working right now..

You can see here: https://twitter.com/HavenXHV

He is probably be using Monero right now and has to hedge using a stablecoin while the market is dipping. It will be a good idea to have an anonymous stablecoin. If there is only a bridge to use DAI from XMR, it will be a very good option for us.

There isn't that I found actually but will it help if there is a DEX that pairs XMR/DAI?

You can pretty much hold any stablecoin pseudoanonymously. It's the cashing out/depositing process that requires verification.

All the actual transactions are conducted on a decentralised blockchain, usually on ETH.

But there is no true "anonymous" coin - you will always be identified by a unique identifier, i.e. your address. But usually it is near impossible to trace the unique identifier back to a person.

Many stable coins but they are not safe. The list from coingecko: https://www.coingecko.com/en/categories/stablecoins or from coinmarketcap: https://coinmarketcap.com/view/stablecoin/

You can see that USDT or USDC addresses can be banned or blocked: https://duneanalytics.com/phabc/usdt---banned-addresses or https://duneanalytics.com/phabc/usdc-banned-addresses. Do you really think stable coins are safe?

Anonymity and stablecoin can sit well together. You just need to buy some DAI and put it into tornado.cash (http://tornado.cash).

USDT and USDC are centralized stablecoins while DAI is decentralized.

tornado.cash is a (maybe the most) popular coin mixing service on Ethereum supporting various ERC20 tokens (including DAI and cDAI). It is a smart contract based on zero-knowledge proofs, similar to Zcash, thus trustless and unstoppable.

In this way, you don't need to trust some little-known shitcoins or suffer price volatility of XMR.