What is the best stablecoin right now?

[gundala]

what's the best Stablecoin to keep funds fearless in the long run?

If the reference is market capitalization, then USDT is the best choice.


Even though it looks safe because of low volatility, holding stablecoin is quite risky because your funds can be frozen at any time. Not only USDT but also other stable coins. So consider again, if only for a while, as one of the trading strategies, then it is no problem using a stable coin. The important thing is that you really understand this risk and good suggestions from mk4

[BillionaireWannaBe]

I don't  like any of those designs.
A true p2p decentralized stable coin with zero points of failure will be Bitbay.

It's a very old project that is only now coming to fruition.
It also has super strong and efficient unbreakable contracts.

This is the one I prefer one that is really decentralized.
The awareness and marketing is shocking. Typical of a brilliant dev heavy project.
They need to fix that.

[Latines]

Wherever you invest there is a chance that your money will go. The main thing is not to invest on the exchange. Wallets are opened on a tip, if no one knows that there is a lot of money in your wallet, then who needs you?) Open a wallet with only $ 10.

[Jorge158]

Per experience, I will vouch for USDT. It has the largest cap among the stable coins on the market. USDC is also good but if you're thinking of investing, then stable coins are not the choice. Stable coins are just safe haven for investors and traders especially during market seasons where a trend cannot be predicted.

[mk4]

I would still go for USDT, you've already mentioned that most of us are using it, so though you think it has a bad reputation, the fact that a lot of people are still using it, that means something, something that they trust because they believe on USDT more than the other stable coins.

It's just that USDT is pretty much the first stablecoin and it has the highest liquidity that's why most people use it, and mostly becausae it's what most people are used to without actually knowing the risks they're taking.

If anything, I'd trust Paxos a bit more as while we can't 100% know for sure if it's backed, it's a lot more likely compared to USDT in my opinion(due to Tether's  reputation and past shoddy actions).

[Kelvinid]

Stable coins are just safe haven for investors and traders especially during market seasons where a trend cannot be predicted.

Agree with that, but if you are a long-term holder, you might consider investing Bitcoin, not stable coins.
It was USDT/Tether is the first choice of many since they know that the risk is very low unlike what other cryptos look like.

...a trend cannot be predicted.

Stablecoins don't have that strong volatility and therefore, we can be able to predict what will be the price in the next days. And that is also why we consider the risk of losing our funds is low compared to Bitcoin.

[StephenJH]

l don't think there can be some better stable coins other Tether, that is why Tether is really most popular and reliable. But that is the question of what is your goal, l mean if you looking for some coins, which you will invest and want to make a profit. l can see you, but it is just a stable coin, you will not invest in it. You can absolutely prefer Tether. But more than that you must consider in BTC halving, that is why there is not any profit from stable coins, but if you are long-term investor, must absolutely BTC.

[Valzador]

and about DAI, you can explain to me better what you mean about the price is very volatile? I believed it was stable being backed by the dollar.

Actually DAI is not so volatile, someone who says that is a fanboy from Tether.

DAI is often valued at $ 1.1, but now it remains stable at $ 1

[Kerobelos]

Thank you so much to all by the answers 

[tabas]

Thank you so much to all by the answers 

Now that you have a lot of answers. It's time to lock this thread. 

[Convery]

DAI or USDQ, do not trust the centralized one, like Gemini, USDT or USDC. You never know when goverments and banks start fighting with them because these companies are creating their own money and that is illegal! 

[bitkanu]

so far I've only used USDT. well, maybe DAI is also quite good, but most transactions are used by USDT, even that can be seen in coinmarketcap, stable coins with transaction volumes that even exceed bitcoin. however, USDT might be the first choice, although I rarely use it.

The main thing should be how much exchange sites who have accepted the stable and tether is still leading the stable coin market as the best stable coin because it has already accepted in almost all of the exchange sites.
I always use USDT and this is a good stable coin. Huge liquidity, all market accept it and it has a very good trust from the community

[Shasha80]

Even though the best stablecoins now are USDT, even USDT volume is above bitcoin. But if based on your point of view, USDT is not the one
best, because USDT is covered in dollars. I have no problem with your opinion, then I will recommend DAI. Although the volume DAI is not
as high as USDT, but DAI is a reliable to use.

[Shallow]

What gives me concern is that despite all the rumours about USDT, it is still leading among others which shows that many people are still using it more than others. To be frank I have had no issue using USDT till date and with its level of growth I do not think it can suddenly cease to exist nor stop growing when they have gotten this far. Nevertheless, in my opinion, it is not wise investing in stablecoins for long term because it doesn't grow, I mean what's the essence of having an investment you won't benefit or profit from? Therefore I think BTC would be better in this case but if you still want to go for stablecoins, then USDT is better too.

[Slow death]

It was a long time since I entered the forum

you are almost 3 years that do not enter this forum, it is many years, how did you not forget that you had an account in this forum?

so I want to know from a professional point of view

I'm going to talk about my point of view and I'm not a professional. I didn't really understand what you mean by "professional point of view"

what's the best Stablecoin to keep funds fearless in the long run?

Stablecoin are not meant to hold funds for the long term, you need to analyze that. If you don't want to invest in something then keep your money in the real world (keep your money in your bank). The stablecoin in my opinion serve to make day trade. For example the price of bitcoin is falling, so you exchange bitcoin for stablecoin and when the price of bitcoin drops a lot you buy bitcoin again and wait that bitcoin will rise a lot for you to sell and you will be at a lot of profit. But never make the mistake of using stablecoin as something long run

I know that the most used is the Tether, but I have also read that it does not have a good reputation precisely because there were rumors that they only had 73% of the Thether covered by dollars

I use Tether to do day trade, if you use it that way you will have no problems

so I would like to know your opinion on this topic and your recommendations about the best stablecoins, thank you.

just don't forget: never use stablecoin for long run, if you use stablecoin to do day trade you will have no problem

[cryptothreads]

Even though the best stablecoins now are USDT, even USDT volume is above bitcoin. But if based on your point of view, USDT is not the one
best, because USDT is covered in dollars. I have no problem with your opinion, then I will recommend DAI. Although the volume DAI is not
as high as USDT, but DAI is a reliable to use.

I prefer to use USDT because this coin is considered to be fiat and always holds the value of 1$ regardless of any market fluctuations. Very few people choose DAI because this coin does not have a lot of support exchanges, so you will have a lot of problems while holding.

Of course, everyone will have different options, but I will only use USDT for trading.

[helloinox]

Huh there is a competition between stable coin to see which stable coin is the best? What stable coins to complete again each other? Saying they are with the best reputation? Ha ha, other than USDT which because it's the most widespread in usage and the oldest so cryptocurrency users are maybe willing to tolerate it, other than that, none. That it.

[coiner-88]

Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities. The investors of Stablecoins make money by receiving dividends from the newly issued coins being given to them for holding the Stablecoin's shares. Investors are hoping to buy a “money machine”, which will give them newly created coins that they can then sell. stablecoins are subject to the same volatility and risk associated with the backing asset. If the backed stablecoin is backed in a decentralized manner, then they are relatively safe from predication, but if there is a central vault, they may be robbed, of suffer loss of confidence.

[Rulelies]

Bitcoin, Ethereum and many more are stable. but you cant deny the fact that it is the market it goes up and down. Except you want to enter markets that they are no gains or losses.

[thesmallgod]

I want to tell you that there is no single stable coin available today that you will not find one or two informations on the internet regarding how it is not a good one but to the best of my knowledge, Tether still remain the best out of them.This is because it has stand a test of time and you may not need to look around before you know it is the most used stablecoin. It is better to use this coin compare to other less common stablecoin. You have mentioned PAX but it is not as frequently used as tether. In fact, binance recently delist some PAX pairing from their website.