Which Stable coin is the Best for Investment This Year

[adekogbe]

PERSONALLY I HAVE SOME EXPERIENCE using BUSD and USDT which i find to be both good. although all stable coins carries the same value, none of them are fully decentralized, this means that the reputation of the project with the stable coin has to be great.
USDT is the first stable coin and it has passed the test of time to determine if it is good, also BUSD is a binance stable coin and Binance have already proven to be a innovative leading exchange in the crypto space.

[gwdf1]

Can you store these stablecoins like usdt and usdc etc in a wallet like ledger or electrum?  Or does it always have to be in an exchange?

You can use Ledger as a Tether wallet and store Tether ERC20 tokens in it. I don’t know for sure about Electrum. Everyone determines the options for storing coins for themselves. It only depends on your preferences and the capabilities of the wallet that suits you.

[tabas]

PERSONALLY I HAVE SOME EXPERIENCE using BUSD and USDT which i find to be both good. although all stable coins carries the same value, none of them are fully decentralized, this means that the reputation of the project with the stable coin has to be great.

There is one stable coin that's known to be decentralized, DAI.

USDT is the first stable coin and it has passed the test of time to determine if it is good, also BUSD is a binance stable coin and Binance have already proven to be a innovative leading exchange in the crypto space.

Preferences for which is good in stable coins depends on how often you use them. Many are avoiding USDT because of what happened to it but still, many are still using it. BUSD is another stable coin that became popular because of its mother company and we'll get to see more of these stable coins because of the popularity of their mother exchange.

[jerry0]

Can you store these stablecoins like usdt and usdc etc in a wallet like ledger or electrum?  Or does it always have to be in an exchange?

You can use Ledger as a Tether wallet and store Tether ERC20 tokens in it. I don’t know for sure about Electrum. Everyone determines the options for storing coins for themselves. It only depends on your preferences and the capabilities of the wallet that suits you.

Can you also store usdc coin on the nano ledger as well?

[FinneysTrueVision]

Can you store these stablecoins like usdt and usdc etc in a wallet like ledger or electrum?  Or does it always have to be in an exchange?

You can use Ledger as a Tether wallet and store Tether ERC20 tokens in it. I don’t know for sure about Electrum. Everyone determines the options for storing coins for themselves. It only depends on your preferences and the capabilities of the wallet that suits you.

Can you also store usdc coin on the nano ledger as well?

USDC is an ERC-20 token. You can store it on Ledger's own wallet app or any other Ledger compatible wallet that supports USDC.

[mayo2u]

I don't get what the OP means . The name stable coin says that they are stable with some form of Fiat mostly USD . So you are not getting anything by investing in stable coins.

lol, your post got me cracking , i guess the op is not fully aware about the nature of stable coins or he must misinterpret what he meant, whatever the case maybe, it has been said already, stable coins are not for investment rather they are mostly for preserving what you have, i think op needs to go back and do some more reading or we need to do some more reading.

I was stunned when I read that post. I was just skimming through to see what the comments were. You hit it right on the head.

I think stable coins are an ok place to place a minor amount of money. It helps the general ecosystem.  But unless you're getting a good return  - it's not an investment.

[Globb0]

But unless you're getting a good return  - it's not an investment.

But unless you're getting a good return *edit*The underlying asses is decreasing in value*edit* - it's not an investment.

Say BTC drops 20k, but I put my 20k out into USD"x" I now have 2 bitcoins not one. Right?

[Apnaworld71]

Stable coins are not for speculation rather they are generally for safeguarding what you have,I think operation needs to return and do some really perusing or we need to do some more reading,Stable coins are not appropriate for contributing by any stretch of the imagination,
I believe in a large portion of them however fundamentally these are not for venture if it's not too much trouble, comprehend this.I will like to utilize USDT and BUSD, at that point we ought to presumably overlook the Titan Coin that OP's advancing.

[Sendi blackspade team]

it looks like it can be stored on the Ledger, because USDT is an ERC20-based token, so I think that Ledger can save this USDT because the ledger already supports ERC20, I can't give much explanation, but I will provide insights for you to learn at https: // www.youtube.com/watch?v=S3XIgK8_-Lg,
there are given ways to manage ERC20 tokens, hope this helps you, thanks me later.

Yes, the video that you provide is very helpful, but in general USDT tokens can be stored anywhere, because there are many platforms that support USDT tokens such as ERC20, TRC20, EOS, and OMNI, so everyone can easily choose which option which he likes.

almost all exchange platforms also have a USDT list. that is the reason why it is very easy to use and a lot of enthusiasts. even on local exchanges in each country, I think USDT is definitely listed there.

[TinaK]

it looks like it can be stored on the Ledger, because USDT is an ERC20-based token, so I think that Ledger can save this USDT because the ledger already supports ERC20, I can't give much explanation, but I will provide insights for you to learn at https: // www.youtube.com/watch?v=S3XIgK8_-Lg,
there are given ways to manage ERC20 tokens, hope this helps you, thanks me later.

Yes, the video that you provide is very helpful, but in general USDT tokens can be stored anywhere, because there are many platforms that support USDT tokens such as ERC20, TRC20, EOS, and OMNI, so everyone can easily choose which option which he likes.

almost all exchange platforms also have a USDT list. that is the reason why it is very easy to use and a lot of enthusiasts. even on local exchanges in each country, I think USDT is definitely listed there.

All the investors are know about the USDT because many stable coins are available in the market, But USDT is huge volume coin so top exchanges have listed in the market. In this thread was too much old so we can easy know the last year results of stable coins. This year lot of new theory was followed in crypto market, But USDT is always leading in forever.

[Kitaiev]

I like BUSD the most, because this stablecoin can be used in the launchpool from binance. For a short-term strategy this one is the best options in my opinion.

[odukoyaewatomi27]

Cryptocurrency is exceptionally unstable, so to forestall capital loss, we utilize stable coin. I don't consider stable to be as the correct coin for investment reason in light of the fact that the coin scarcely vacillates and this would not be productive for simple holding, except if the coin would be utilized as a methods for investment in different platforms or for trading in exchange

[RobbyDama01]

Investment trends among Indonesia's millennial generation are on the rise, based on data from the Indonesia Stock Exchange (IDX). The IDX discloses data that the number of investors in the 18-25 year age category increased by 120.6% between 2016 and 2018. The value of Bitcoin continues to increase rapidly, even reaching its highest peak at the end of 2017, where its valuation reached IDR 275 million ( US $ 20,000) for 1 Bitcoin. late last year, Bitcoin was the most profitable investment instrument of the decade.

[doomloop]

In terms of price stability, cryptocurrencies can be divided into two major categories — volatile coins and stable coins. Cryptocurrencies like Bitcoin and ETH are highly volatile as their prices keep changing very frequently. On the other hand, the price of cryptocurrencies like Titan coin and Tether is relatively stable.

Because the price of stablecoins remains constant and stable, they are preferred for long-term investment. One can earn significant returns by HODLing stablecoins for some time. Also, there are some platforms that offer an interest on stablecoins.

I believe DAI is the best one until something wrong goes belly up there. All the other ones I know of is tied to a company, busd is binance, usdc is circle I think, gusd is winklevoss twins if I am not wrong, and usdt is the biggest one we know and that is tether as we all know.

I do not like it when other companies have their own coins, this is valid for xrp as well because it is tied to ripple company. Whenever there is a company behind something I am not really fine with that and I think it should not exist, we should all have decentralized currencies that is not tied to anything.

DAI is like that, it is a decentralized one that is not tied to anyone or any company and that is why I think that one is the best one by far. I hope that one day everyone realizes this, sells their usdt so that we do not have all our money tied with just one company that could steal it.

[bounceback]

I have favorite coin long term investment is BNB, now I believe how BNB become most recommended coin for investing after few days can raise up more than 100%, I think CZ as BNB developer will make new way how to keep BNB always have higher price for long time, now the best time when BNB still lower price to buy and hold few years.

[Mr.sprin]

Coin that is profitable for long-term investment is Ethereum Coin Ethereum coin is very good to store in the long term, I also invest in Coin Poolz because my Coin Poolz monitors the price is getting better.

[nykka]

This topic is very useful today, in a half of the year after publishing, because market is very volatile and many people want to take some profit after a great bull run and the only solurion to do it and stay in crypto is using stablecoins. I prefer USDT, because it`s the biggest one and BUSD, Binance exchange is the biggest exchange, so I trust these tokens. Moreover I would like to learn more about USDC

[oprahwindfury]

the best stablecoin are those who can offered a significant option to get some profit. If you are a defi fans then you go for those stablecoin that guaranteed profits through lending and some savings featured that generate profits. Titan coin is a stablecoin.Why is it that I am familiar with the list but not heard of this coin.

[OasisDre]

There is nothing to make out of stable coins so they can't be called an investment, they represent our FIAT in digital form, nothing more nothing less, you buy 500$ worth of any stable coins it will remain so for many years, no increment no deduction

[nicecrypto]

I don't get what the OP means . The name stable coin says that they are stable with some form of Fiat mostly USD . So you are not getting anything by investing in stable coins.

You took the words right out of my mouth, I don't understand how some people can believe you can make money out of stable coins that are not volatile in price other than if you are holding them in some exchanges where you could either stake or lock them up in a stated period as stated by the exchanges to gain some other cryptocurrencies. I might be wrong but other than this, I don't know much about any other way of making profits out of stable coins by just holding them in exchange or wallets.