Which Stable coin is the Best for Investment This Year

[TitanProject1]

The cryptocurrency industry is evolving at a rapid pace. There are numerous varieties of digital currencies now in the market. While this helps users with multiple options to invest in cryptocurrencies, it may also confuse some who are not very well accustomed to the different types of cryptos.

In this article, we will be talking in detail about stablecoins, along with some examples of the top stablecoins for investment this year.

What are stable coins?

Well, as the name implies, a stable coin is more stable in price than other cryptocurrencies.

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.

At the time of writing this guide, the following are the top stablecoins in the crypto market.

1. USDT (Tether)

USDT or Tether coin was launched in 2015 as the digital equivalent to popular national (fiat) currencies like the US dollar and the Euro. In other words, the price of USDT essentially reflects the price of USD at a given time.

Because the price of Tether is linked with the price of USD and other fiat currencies, it’s more stable than any other cryptocurrency out there.
Even though Tether is an ERC-20 token, its price is very stable, which is why it is the most widely adopted stablecoin in the market. At the time of writing this post, USDT was #4 in the CoinMarketCap’s list of top cryptocurrencies, with a total market cap of over $10 B USD.
You can invest in USDT through any crypto exchange or from the official website.

2. Titan Coin (TTN)

The price stability of a cryptocurrency also depends on its constant demand. Coins like BTC and ETH are volatile because their demand is dynamic and keeps changing.

Titan Coin is a stablecoin in that the coin demand is constantly rising owing to the fact that it is backed by a strong system of use cases. In order to keep the TTN price stable, the founders have created a growing series of apps, called titan projects, that present unlimited use cases for titan coin holders and investors.

In other words, the price of TTN is stable thanks to the increasing demand for titan apps or projects.
You can invest in TTN through the exchanges where it is listed, including the official exchange TTNEX.

3. USD Coin (USDC)

USDC or USD Coin is a digital currency that, the same as USDT, is linked with the value of USD. The price of each USDC represents the value of a dollar. In fact, for each USDC bought from the market, 1 USD is held in reserve. The US dollar reserved for USDC is audited monthly for added transparency.
USD coin is supported by Centre with founders including Coinbase, Bitmain and Circle.
USDC is an Ethereum token and works on the Ethereum blockchain. You can buy or invest in USDC through popular exchanges like Binance, Uniswap, and others.

4. BUSD

BUSD is the official stablecoin by the world’s biggest cryptocurrency exchange Binance, which was created in partnership with Paxos Trust Company.
As a stablecoin, the value of BUSD is linked with fiat currencies. It’s an ERC-20 token and works on the Ethereum blockchain. The value of BUSD is linked with US dollars reserved in various banks across the U.S.
The price of Binance USD is regulated and governed by the New York State Department of Financial Services, making it one of the most reliable and trusted stablecoins in the market.

The simple, straightforward pricing backed by a strong payment system makes BUSD ideal for investment as well as day-to-day payments.

5. MakerDAO


MakerDAO launched its stablecoin called DAI in 2017. However, this stablecoin is different from most other stablecoins in the market, in that the value of DAI is not backed by USD or any other fiat currency, but by ETH.

DAI is one of the first stablecoins to have its value backed by another cryptocurrency.
DAI has been seen as a stable, decentralized currency that is unbiased and gives everyone equal opportunity to realize the advantages of the digital economy. DAI has zero volatility and the price is as stable as any fiat currency. As of now, over 400 apps and digital platforms use DAI for secure, decentralized payments.

You can invest in DIA through exchanges. Also, you can earn DAI by staking in the contract.

6. Paxos Standard

Paxos Standard, or PAX, is a stablecoin launched by Paxos Trust, LLC, a New York-based payment services company.
Same as most other stablecoins, the price of PAX is backed by the US Dollar in 1:1 ratio, i.e. each PAX token holds the value equal to a dollar. Also, the company provides easy liquidity to allow anyone to sell/exchange their tokens for USD at any time.
The US dollars reserved for PAX tokens are held in U.S. government treasuries or FDIC-insured U.S. banks. The token is regulated by the New York State Department of Financial Services.

You can buy PAX from any of the over 150 exchanges and OTC desks where it is listed.

7. TrueUSD

Another stablecoin that gets its value from the US dollar. TrueUSD is an ERC-20 token based on the Ethereum blockchain.
However, TrueUSD is more trusted than other stablecoins, as its value is fully fiat-based and legally protected. The coin is transparently verified by authorized parties and managed by trusted people with a background in fortune-500 companies.
With the aim to bring stability to the otherwise volatile crypto market, the company is also working on tokenizing other physical assets like Euro, bonds, etc.

The Bottom Line…

The future of stablecoins is very bright. They give you the advantages of digital currency, without the volatility. You can invest in stablecoins, hold them, stake them, and will get almost guaranteed returns.

All the above-mentioned stablecoins are doing an amazing job, and people are actually investing in or using them for day-to-day transactions. Now is the best time to become a part of the revolution.

So, did you like the article? What’s your take on stablecoins? Have you invested or used any stable coin? What do you think of it? Do let me know in the comments.

Originally Publish on addusastory.com

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[bgaf]

I think 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?

[Francis Freeman]

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.

[Anonylz]

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.

[Blue_oxen]

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.

LOL! That's so true guys. I think the OP misunderstand between stable coins and altcoins maybe?? Stable coins such as USDT is created in order to give traders and investors a way to store their values without being affected by the fluctuations and volatility of this market. Therefore, the price of stablecoins is almost "STABLE", it means you can't get any profits out of them! If the OP are asking which coin is worthy to invest right now, I would say ETH!

[DraGonD]

Tether is still the coin with the majority of pairs and the biggest liquidity. Obvious choice

[sfireman]

I think stable coins are not very suitable for investing in the long and short term because increases are rare but if I am told to choose a stable coin
I prefer USDT because the USDT pair is always on the market

It's true! Stable coins are not suitable for investing at all! Stable coins are suitable for storing our capital out of the volatility of the market. The purpose of investing is to earn profits out of the fluctuations of the price. Stable coins is created to keep their value stable, how can we earn profits out of it? I think the OP is asking which stable coin is good to store capital, I would suggest USDT!

[joshua123]

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.

Yes thats right. Maybe what he meant actually is cryptocurrency. Stablecoin in my opinion cant be considered as investment if you wanted to expect some gains from it. But some stablecoin can get some rewards by holding, if you know Binance and other cex there are option to stake, or earn APR just by locking your stabelcoins there but of course the profit is not comparable to other crypto like eth, and mostly defi tokens.

[glowing10]

Stable coins are not for investment. It's like fiat that will eventually goes down through inflation.
They are not investment.
But the clearer thing is you're with Titan coin post.

It does not make much sense though just to build a balanced portfolio some may take 1-2 coins from stable coin and invest just so that they have a wide range of coins covering different startegy which people may be using while making an investment. Else better to go with coins like btc or altcoins which have a much better r potential to give us profits.

[Republikcoin.com]

I didn't know that a stable coin could be an investment. however, a stable coin in value will not increase and will not decrease. however, if in use, I can only suggest using USDT and BUSD because I've used them. however, stable coins are not for long term investment. in fact, it is quite difficult to use in the short term.

[thesmallgod]

Stablecoin is just like fiat. You can use them to minimize loss due to market volatility because their prices are relatively not affected that is they have fixed price. Since they do not appreciate considerably I'm wondering how you intend to invest with them except you are considering trade that include pairing them with bitcoin and other crypto. USDT is the most used stablecoin and I will suggest them in this regard

[Apostlekin$$$]

OP is just making his post only for Titan coin, I'm even more right if you look at OP username, honestly speaking users having been doing this on this forum strictly for Titan coin only, I will never invest in such coin anyway and I'm surprised you don't know what stable coins are

[Botnake]

Stablecoin is just like fiat. You can use them to minimize loss due to market volatility because their prices are relatively not affected that is they have fixed price. Since they do not appreciate considerably I'm wondering how you intend to invest with them except you are considering trade that include pairing them with bitcoin and other crypto. USDT is the most used stablecoin and I will suggest them in this regard

I think that's what OP meant, we are not directly investing in stable coin, but we are investing in fiat. Some people believed on the power of USD, so instead of holding fiat, they just convert and hold it in cryptocurrency where they can easily access and trade it anytime you want.

[cabron]

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.

He also includes Titancoin in the list. I'm not really sure how this titan coin to be considered stable since I'm not seeing any token paired to titan at all. But then you must have realise by now that he had been shilling for this project since time.

Stablecoin isn't really for insvest like you said. Its just for hedging the coins in case the prices will dip like what happen during the bear market of 2018. Stablecoin are safe though.

[bigcash2011]

I have confidence in most of them but basically these are not for investment please understand this, they are either used to hedge crypto market or yo make payments without fluctuations while staying in crypto so their applications are real and solid and obviously for buying crypto when one thinks it is the best time. Personally my choice of stablecoins is usdc, pax and usdt.

[Jackl87]

The post of the OP was just a cheap try to create awareness for "his" stable coin Titan Coin.
Stable coins are not for investing they exist to have a place where you can put your profits without the need to worry for price volatility.
The only that can happen is that the Stable Coin isn't safe or goes out of business, then all your funds are lost, but i think most big stable coins are safe.

[someone703]

Why are you investing in Stablecoin? Its value will never increase so you will never benefit from it, it is better to choose other altcoins to invest. Also I see you mention TTN, which is your project? It has no volume and is not listed in major exchanges, so I quite doubt it

[shakesbear]

Invest in stablecoins ? hmm OK, but in this case you need to choose the most stable ? but Titan coin doesn't look safe, and neither does the TTNEX exchange.

[fuer44]

The coin is stable, but it is not good for investment because there is no significant increase. this is to temporarily store our assets, maybe it will be effective because prices tend to be stable.

[plvbob0070]

The post of the OP was just a cheap try to create awareness for "his" stable coin Titan Coin.

It really seems this is another thread for promoting his coin which is the Titan Coin. All people who replied here are aware that stable coin is not for investment and no one really thinks that stable coin is good for investment. It's better to invest our money in other cryptocurrencies than putting it in a stable coin. And, for a stable coin, I will prefer to use USDT and BUSD, then we should probably ignore the Titan Coin that OP's promoting. For the best investment for this year, it's better to focus on bitcoin or other strong coins in the market and not on stable coins.