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Author Topic: Best stablecoin to use  (Read 156 times)
S_Therapist
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December 01, 2020, 09:53:56 PM
 #1

There are a few stablecoin in the market, out of them whole ch one is better one? I want to liquidate some of coins and keep them with stablecoin for few months. I know little about USDT.

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December 01, 2020, 10:32:34 PM
 #2

Usdt must be your best choicem dont try to find any otjer stable coin because none of them is as strong as usdt. Moreover, usdt is accepted by various of exchange. This will give you more liquidity to sell your coin without having any problem

I have seen the rise of many different stable coins and they always claim to replace usdt. But as far as I am concerned, usdt remains the strongest stable coin around. No one dares to challenge its position
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December 01, 2020, 10:39:40 PM
 #3

Tether is the one accepted at almost every exchange. It has the most liquidity. If you just want to hold a stablecoin for a few months there is no wrong choice among USDT, USDC, TUSD or the other top coins. There are many DEXes and centralized exchanges where it is easy to convert these coins into fiat or other cryptocurrencies.
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December 01, 2020, 10:48:29 PM
 #4

There are a few stablecoin in the market, out of them whole ch one is better one? I want to liquidate some of coins and keep them with stablecoin for few months. I know little about USDT.
USDT is the most popular at all and the marketcap is so huge so it easy to use USDT as trading pair. But some people are scare because USDT can be frozen so maybe the other solution is BUSD, this stable coin backed by Binance exchanges but the lack is only supporting less coin. Even though USDT can be frozen I still love it, and use it trading pair

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December 01, 2020, 10:52:28 PM
 #5

Depending on where you are trading, there are a couple of good stable coins. Its best to use USDC rather than USDT because of the issues that it has and the failed audits etc. but it’s the most common though. There is BUSD as well in Binance. There are a lot of coins to choose from.

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December 02, 2020, 03:56:25 AM
 #6

There are a few stablecoin in the market, out of them whole ch one is better one? I want to liquidate some of coins and keep them with stablecoin for few months. I know little about USDT.
USDT is the best choice, it has some options and you can send it with zero fees when you are using the tron chain. USDT was also getting accepted in so many exchange sites and almost all of exchange sites traded this stable coin.
It has also a very big liquidity and you will not feel worry about to liquidate your money. There are so many advantages that being offered by USDT.

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December 02, 2020, 04:01:52 AM
 #7

For me actually also USDT.
Because I can easily exchange it between several protocols. Whereby I clearly prefer the Tron network, if possible! There you simply have no transaction costs...

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December 02, 2020, 04:04:40 AM
 #8

There are a few stablecoin in the market, out of them whole ch one is better one? I want to liquidate some of coins and keep them with stablecoin for few months. I know little about USDT.
Probably USDT since it is being used by majority of centralized and even decentralized platform. But for me the best alternative is busd of binance. If you are using this exchange, then busd is the best stablecoin since you don't incur fees using this pair on every coins. Having no fee on trades is benefiting their cause right? That's a convenient way to use a stablecoin. Only a suggestion since I'm using busd, but it's your preference anyway. Not sure about other new ones but definitely there are some advantages too that we ought to know.

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December 02, 2020, 04:53:48 AM
 #9

USDT probably the most famous among stable coins that have the biggest volume and the most phenomenal due to lawsuits against them. If you trust them and don't mind the lawsuits, feel free to hold it.
Nonetheless, USDC and BUSD are good stable coins as well backed by Coinbase and Binance, these two exchanges are better than Bitfinex in my opinion, so I prefer to buy BUSD because Binance is the best exchanges out there.
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December 02, 2020, 05:16:24 AM
 #10

There are a few stablecoin in the market, out of them whole ch one is better one? I want to liquidate some of coins and keep them with stablecoin for few months. I know little about USDT.
If you know a little about USDT then you should know that it's the biggest and most popular stable coin because no other stable coins comes close to USDT performance, it has the highest volumes among all other stable coins, the only thing you may dislike about USDT is centralization
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December 02, 2020, 05:27:13 AM
 #11

Here are some best stable coin to use:
1• Bitcoin: During the pandemic where many cryptocurrencies where reducing in the exchange market, which was giving bitcoin a steady and stable pumping through out the pandemic. Bitcoin is still rising in the market that is making their investors keep smiling in the market base on the profit they are experiencing every day in the market.
2• Ethereum: According to some researcher, Ethereum is about to rise to help their investors to make a good profit from their business, since it could not rise well during the pandemic that caused altcoin to reduce in the exchange market. Ethereum is coming with full speed pumping for many investors to earn well to have enough to celebrate the Christmas and new year.
3• BNB: Despite the BNB was reducing during the pandemic which was making many customers worry about BNB not stable as before, that make many investors to join the investment. BNB is improving in the exchange market that will help many trader to feel the stable in the market soon.
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December 02, 2020, 11:33:08 AM
 #12

There is a reason why USDT has a marketcap close to $20 Billion, it is the best, the first and the most liquid Stable coin in the space, people need to forget the FUD, if USDT goes down the whole space would go down with it and I don't see that happening, You can look into BUSD, USDC and DAI if you are the Decentralised everything fan

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December 02, 2020, 11:36:21 AM
 #13

Here are some best stable coin to use:
1• Bitcoin: ~
2• Ethereum: ~
3• BNB: ~

No, bitcoin, ethereum, and BNB are not stable coins, because their prices are very volatile.
Stable coins value pegged on fiat currency, it's offering price stability and usually backed by a reserve asset such as the US dollar or other valuable assets.
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December 02, 2020, 12:20:22 PM
 #14

There are a few stablecoin in the market, out of them whole ch one is better one? I want to liquidate some of coins and keep them with stablecoin for few months. I know little about USDT.

I think a good stable coin is USDT, because I also use USDT to store my money in cryptocurrency to keep its value stable if not trading and the volume of USDT in the market is also very high, so this makes it easier for us to sell or buy USDT and besides that USDT is also in the top 5 coinmarketcap (makes us safer to store USDT as a stable coin).
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December 02, 2020, 12:21:49 PM
 #15

The best stable coin is USDT, every single crypto exchanges have this stable coin pegged with other top coins for trading on their platform because it's the best, USDT has the highest marketcap and it's well supported too, it's available on more than one blockchain right now, no other stable coins comes this close

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December 02, 2020, 12:26:13 PM
 #16

There are a few stablecoin in the market, out of them whole ch one is better one? I want to liquidate some of coins and keep them with stablecoin for few months. I know little about USDT.

for now tether (USDT) is still the best stablecoin. because they are supported by almost all crypto markets. You can use it, but keep in mind that there are cases that tether users are frozen for no definite reason and their funds are held indefinitely. So always be aware, because Tether is not completely decentralized.

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December 02, 2020, 12:36:58 PM
 #17

I will be different from the others: I don't trust USDT. It's OK for very short term, but that's all.
Also the fact USDT is accepted by most exchanges may not help much; there's quite likely OP will go back to the same exchange.
So I advise OP check what stable coins his current exchange works with, maybe even one backed by that exchange. Also there are other types of stable coins OP may find interesting, for example those tied to Gold price; but of course, he will have to find a honest one (so even more research to be made).

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December 02, 2020, 12:43:12 PM
 #18

There are a few stablecoin in the market, out of them whole ch one is better one? I want to liquidate some of coins and keep them with stablecoin for few months. I know little about USDT.

I do not know the best amongst stable coin; but i use usdt; i find it very convenient and easy to use; and now with every exchange platform now allowing deposits of usdt (trc20) it has made it all simpler and easy and also cheap to move around. Just make sure you keep your stable coin in a reliable storage system.
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December 02, 2020, 12:49:02 PM
 #19

I think the most known is the USDT but I read an article that it might not be safe to hold the USDT for a long time for what reason but I think you are not going to hold it for long time right? well I think the USDT is the good option for you.

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awakpane
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December 02, 2020, 01:03:44 PM
 #20

In my opinion, USDT is a stablecoin whose value is pegged to the US dollar. USDT present to protect its users from the high volatility of the cryptocurrency space. USDT has also made it into the top 3 cryptocurrencies with the most market capitalization.
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