Bitcoin Forum

What is a reliable stablecoin?

None of them is 100% reliable.

Most of the people use USDT Tether, but there are a lot of controversy about it...

Libra Facebook coin will have that function also in future (100% centralised and controled by Facebook and richest companies).

Nice article about this topic:
https://cryptopotato.com/what-are-stable-coins-the-complete-guide/

you can see more information on a very good exchange there is a coin rating by class, please take a look at this and have more experience

https://www.southxchange.com

https://southxchange.freshdesk.com/support/solutions/articles/36000132616-what-are-the-coin-classes-

Pretty much no stable coin is reliable as they are centralized. They can be backed by all sorts of assets: fiat (USD,EUR etc.) gold, real estate... you name it ! Problem is the entity that controls them can mint (issue) any amount at any given time (pretty much that's the main reason for all the controversy behind it, as dkbit98 mentioned)

But at the end of the day they serve their purpose.

Why are you asking? Their not worth investing in, thus the name "stable". You just use them to buy other crypto. And for that you can just head in your exchange of choice and use what ever "they have on stock": USDT, TUSDT, DAI and go crazy!

You can VOTE here
if you use stable coins, and post feedback please:
https://bitcointalk.org/index.php?topic=5166604.msg51869794#msg51869794

Stable coins are only for using to buy other cryptos. Don't buy too much stable coins and keep it as a stored value. Now almost all exchanges are using stable tokens to make a very big trading volumes in their exchanges. Tether mints unlimited amount to pump bitcoin prices, which is controversial , which does not make sense . I mean stable coin still comes as crypto token , if there s not limit in its supply then what will be difference between USD and stable coin? Both are minted fresh with unlimited amounts and ultimately it destroys the core value

a lot of stable coin in the market now,
but i always convert my bitcoin and altcoin to USDT or tether when i predict the price of bitcoin will down my friend

All of the stable coin that really backed by the dollars or another collateral that makes it stable. I put an exception for tether to be included in the reliable stable coin's list because it's crap and full with manipulation. USDQ, TUSD and USDC are the best

I think there are no stable coins all of crypto coins get moving for pumping and dumping there are no stable price in the market that you can invest on. Even cents are moving on their price and even USDT also.

Stablecoins will never be affected by BTC prices or other altcoin prices, if you have profits when trading, you can change them to stable coins, there are always increases and decreases in the crypto market, there are many stable coins that support fiat, USDT and Binance plans to make stable coins supported by pound sterling.
You can visit platinum QDAO StableCoins if you want to get to know more and see how they can manage stable coins that are supported by Fiat currencies such as dollars, yuan and much more

I mainly use USDT because it's the major evil I can trust for the main time. While some experts say it could crash, so because of this prediction, a friend of mine rather leave his fund in btc or eth, or at worst sell for fiat.

Most are very reliable. Most of people used USDT but i can suggest you use USDK, USDC, PAX, TUSD,...

About USDT: They have a lot of recent clutter, but you can still use them

About USDK: They are created on the OKChain platform, protected by the top exchange is OKex

Hope some informations can help you!! Goodluck bro!!

You plan to buy? I don't buy stable coin but I think the reliable ones are those backed up by a legit company.
Like USDC and GUSD.

What I know about stablecoin includes the altcoin of USDT, USDC, and TUSD as well as another one that will appear in the next year, namely USDQ, because now the USDQ is being developed by the team and the bounty is still active today, if indeed interested can be followed, because of its potential there is.

There are lots of stable coins in the market but none of them are 100% reliable mainly because of the centralized nature and they can mint new tokens at any given time so in my opinion if you are planning to hold a stable coin for a long time then don't because they are only good for short term hold.

I think it's not that reliable, I've seen it get in trouble from time to time. So, It's better not to keep USDT for too long. There are many stablecoins now, Some are backed by big players for instance USDC(Coinbase). If you want to hold FIAT for long it would best to spread it out between various stablecoins.

I would not recommend to use any stable coins, because the most of them are not stable  :D I can remember a day in 2018, when Tether just crashed and was traded around 0,5 USD. In my opinion such things are unacceptable for a stable coin.

At the moment it should be tether. Much fud arround it and i really hope it will not burst in the future. Tether is the most common stable coin on all exchanges so far.

Do not be deceived by all these stable coins. These are coins of speculators who use this tool to earn money from the crowd. At any moment stable coins can turn into a disaster for you.

in my opinion, stable reliable coins are coins that have high stability, because if the coin has high stability, the level of investor confidence will be higher, like the current USDT, which is almost used in various market exchanges.

I am a huge fan of ethereum and so my favourite stablecoin is USDC which is issued in the ethereum blockchain, this makes it easier for me to store my stablecoin, ETH and ERC-20 okens all in one wallet and because the ETH blockchain is fast and cheap, I can make as many transactions as I want with little cost.

Reliable stable coins are USDT (Tether), USDC (USD Coin), TUSD (TrueUSD), PAX (Paxos Standard Token). The coin is very stable. The coin is based on the value of USD.

Their USDT and Dogecoin are stable for me, the most stable is USDT because this is indeed like a dollar so it's suitable for securing funds

I only use USDT stable coin in digifinex exchange. There are many stable coins that you can examine such as USD Coin (USDC), TrueUSD (TUSD), Paxos Standart (PAX) and others. You can see it at Coinmarketcap. I hope you understand that.

Using Tether out of habit. Don't think it's very reliable though. One should always remember then this tether money are made from air and can disappear on day. Keep this in mind and don't be too trustful.

I don't see USDT as a useful stablecoin this days after the recent accusations made towards them by the US attorney which also leads to some crypto exchange site listing the stable coin while some stop/pause USDT pair trading.
I will advise you to stop using the coin while you use the other stablecoin we have in the market to be incase.

My opinion of this is to be wary and trust only USDT and some more, because a stableblock can be in one day, and in another its creators will decide to cease to exist ..

I think it is hard to make a profit from a stable coin because the price is not increasing too high and we need to wait for a long time to see the price increase for a small price. Maybe a small price can be a solution to save the money in usdt, usdc or else but that will not good to keep for a long time because we don't make a nice profit. If I hold some stable coin, I will use it to buy some coin, especially if I can see the price is at a low price.

I think, there is no stable coin that can be relied upon for its volatility.  You can see how USDT graphs in every market.  Crypto observers do not pay serious attention to stable coins. They assume that coins stable like US dollars.  only volume and liquidity are different.  if you are interested in stable coins, I think, Tether can be your choice.

Stable coin I would not recommend to use any stable coins, because the most of them are not stable  At the moment it should be tether

Look at stable coins in a different way. They give a great chance to save money from inflation. In some countries, national currencies are simply falling in price so quickly that people get their salaries literally in bags - even paper that is used to print this money costs more than it. Stable coins investment can be the way out for people from countries with an awful economy.

I doubt if their is any 100% reliable stablecoin because even the most used stablecoin know as Tether is not 100% reliable because there has been a lot of criticisms about the manipulations of Tether. I just think the only important of stablecoin is that it helps traders to safe value from huge dump.

My best stable coin is USDT because of it huge liquidity and presence in almost all every exchange available but I have started becoming wary of it since the controversial revelations about tether and parent/partner company bitfinex which is still in limbo at the moment.

Are you new in cryptocurrency ? Usually peoples will rely on USDT as their stable coin.
But there are some other stable coins as well, you can see more in http://coinmarketcap.com

USDT is undoubtedly the most stable and reputable stablecoin in this market. Nowadays, a lot of stablecoin has been created to serve the purpose of users, but USDT is always the first choice.