Whts the difference usdc, usdt, pax? And other stable coins as they claim to be pegged 1:1 usd
These stable coins are backed by various companies/organizations. If you look at CoinMarketCap, you will see the capitalization of all the top cryptocurrencies, including stable coins USDT, TUSD, USDC, PAX, USDAP, GUSD, etc. Tether is currently rated 4th in this TOP-100 and
probably can provide liquidity worth 4.1 billion dollars (!). In addition, Tether (USDT) runs on the Bitcoin blockchain, TrueUSD (TUSD) runs on the Ethereum blockchain, and so on.
So wich one i should prefer and Why? How to Know wich stable coins are better?
For example, a few years ago the NuBits coin was unable to maintain its pegging, another similar Basis project has also been closed due to new imposed regulations. In my opinion, cryptocurrencies with a large capitalization look more reliable, so they are likely
not to fail or be abandoned in the near future. Most traders use USDT, and this is a good choice.