Which stablecoin is best?

[freed.james33]

I used to use USD tether all the time and still using it for trading purposes and liquidity purpose but recently we have seen a FUD or may be truth that SEC may have issue against them although they clarified that they are running it under registered business etc etc. Is tether risky from that purpose? Even if SEC warrant something like XRP, what will happen to Tether?
What about another alternative stablecoin?

SEC issue on XRP is different and in fact, they're on the 3-day winning streak against SEC and I think that's the reason why XRP is now on its way to $0.6. Ripple price is on its way to posting a 3rd straight day of gains after an intraday violation of the 0.50650 resistance. The active candle needs to close above this resistance with a 3% penetration to confirm the breakout.

[terible.hunter]

Stability in cryptocurrencies is very risky and unstable. As strange as it sounds. Yes, I use stablecoins and that's USDC PAX and DAI that's probably all. For trades, sometimes you have to change USDC to USDT because there are many trading pairs for this stablecoin.

[Rana590]

Obviously I will go for USDT and USDC. But if I compare between USDT and USDC then I will pick USDT. It is most well known and popular till now. Most of the exchange support USDT pair. We can transfer it through different platform like Erc20, Trc20.

[Sourhearrt]

USDT all the way and it's good that USDT isn't available on Ethereum only, this present gas fee issue would have been a big mess for someone who like storing funds using USDT on Tron network, also I believe that centralized stable coins are better, some might say no to this but not me, SEC can go after these centralized stable coins easily

[arifteguhr]

Use a stable coin with a low fee. on the ethereum network now I check the average exchange has a Fee of up to 20 $. This is a disadvantage if we have to spend money to send money with high fees. since 6 months when sending money I used a lot of Stable coins with the Tron network. Tron fees are much cheaper than Ethereum. of course this is an advantage in itself if we can save more costs

[masterzino]

I trust USDC and BUSD (Binance USD) most.

While I don't like Tether, USDT de facto standard for stable coin trading in most exchanges, let's hope that the SEC will not bring it down next month after the 30-day explanatory notice they gave it.

[JahriMeayer]

I didn't face any problem till now, i use teher for usdt and found itself as best stablecoin in whole crypto industry.but i know about those issue which also makes me confused even force me to think twice about teher usdt before using it cause they printed usdt whenever they need without having any proper backed with fiat.moreover translation could cancle as well as fund get freezed, may headache of Crypto user.so why should people get worried when busd, usdc or decentralize crypto dai may good choice instead of teher usdt

[Dutchyyy]

I used to use USD tether all the time and still using it for trading purposes and liquidity purpose but recently we have seen a FUD or may be truth that SEC may have issue against them although they clarified that they are running it under registered business etc etc. Is tether risky from that purpose? Even if SEC warrant something like XRP, what will happen to Tether?
What about another alternative stablecoin?

Under the terms of the agreement, Bitfinex and Tether do not admit wrongdoing, but will pay $ 18.5 million and submit quarterly reports describing the composition of Tether's reserves for the next two years.

Contrary to online speculation, it has not been established that Tether ever issued [USDT] without support or manipulated crypto prices.

But this is still a big blow to Tether and I hope the consequences are not catastrophic, because it is definitely one of the best stablecoins for me.

[StephenJH]

All stable coins are good for invest but it is only a low reward coins knowing for a fact that the risk is also low. If you want to invest on stable coin try DAI, BUSD these two stable coins has good reputations. However I have heard that USDT is now having a lawsuit from the SEC so better avoid that stable coin as of the moment.

All stable coins have the same mission for me, when you realize something is going wrong, you should invent stable coins. But to tell the truth, USDT is the most popular stable coin among others, and as you said this stable coin has a great reputation. Sometimes there can be a little price changing among stable coins, however, l think USDT is most trusted by investors.

[Abiky]

Obviously I will go for USDT and USDC. But if I compare between USDT and USDC then I will pick USDT. It is most well known and popular till now. Most of the exchange support USDT pair. We can transfer it through different platform like Erc20, Trc20.

USDT remains as the best stablecoin in the world, because of its high liquidity and widespread acceptance in the mainstream world. The stablecoin has the biggest market in the crypto/Blockchain space, with a huge trading volume. Additionally, USDT lives on multiple blockchain networks for greater resistance against external attacks. That said, I'm against USDT's practices of freezing accounts' balances at will. This shows us the risks of a single point of failure crypto/Blockchain tech was meant to avoid in the first place. But most people don't care about this, as they prefer convenience/ease of use on top of decentralization/censorship-resistance. It's no wonder why centralized stablecoins have the most adoption in the mainstream world. Decentralized alternatives like DAI, RAI, and USDJ, will never be able to compete against their centralized counterparts in this regard.

Nonetheless, there's no guarantee that Tether will live up to its claim of being backed by the US Dollar. Imagine if Tether runs away with the money, or government regulations destroy USDT in its entirety. It could be a huge blow to the crypto market as prices for major cryptocurrencies go all the way down the drain (due to the huge dependency on USDT for liquidity). Another stablecoin like USDC or TUSD might take USDT's place in the future if this happens. Whenever it's USDT, USDC, TUSD, or BUSD, every stablecoin has one thing in common. And that is serving as a gateway between the world of crypto and Fiat. Who knows what will happen in the future with the stablecoin industry as governments devise new laws that could either spur its growth or destroy it? Just my opinion

[Fivestar4everMVP]

Well, I also used to use USDT mostly all the time I needed to convert my crypto or fiat money to a stable coin until their issue with SEC arised, people shifted attention from USDT and now, I know that most people make use of USDC and some DAI, I personally make use of USDC since I stopped using USDT, but I've read and heard countless people say that DAI is the best stable coin in crypto at the moment due to the fact that it's decentralized and all that.

[shoreno]

You are already user of USD Tether which is the most stable and liquid in the market. I am also using it for a long time to transfer my funds and also holding it. By the way, recently Binance is charging a fee for withdrawal process in TRC20 network. You can use USDC, BUSD too. Currently, I am using BUSD to convert my crypto to make fiat.

most liquid/liquidity yes due to its popularity but most stable ? How come when all he compares are also stable coins so they should have the same value .

Does usdc and busd don't have fees ? that's notice if they haven't and this can be their chance to shine because usdt is always on the spotlight but it's brothers and sisters are left behind and we often mistaken that there is a problem with them but actually none so we never have the chance to try them .

[bitzizzix]

The best-selling stabicoin and the choice of most people is USDT, which has a very stable price and does not go up or down even though it only happens a little and will return to stability and minimize the risk of loss.
Apart from the most popular USDT, there are several stabilcoins which in my opinion are the most commonly used alternatives such as DAI, BUSD, USDC, and TUSD.

[LittleBitFunny]

Normally I usde USDT but After Ripple has suffered by SEC it scared me about usdt.
Tether is a centralized stable coin that's why there might be possibility it will get affected by SEC and freeze our funds.
If you use Binance exchange then it is better to use BUSD instead of Tether. on the other hand, you can use USDC or DAI on the varies of your exchange.
Remember, any centralized stable coin can be freeze our funds but DAI/SAI only one coin which is not freezable.

[JohnBitCo]

I think usdt is great.

No doubt, Tether (USDT) is the best and most widely used stable coin.  Recently Bitfinex Repays Tether $750 Million Loan, Ending Crypto Market FUD and now there should be no fear in keeping the funds in USDT.

[SnookerGenius]

Binance seems to be taking over everything so BUSD has to get some respect.

[Abiky]

No doubt, Tether (USDT) is the best and most widely used stable coin.  Recently Bitfinex Repays Tether $750 Million Loan, Ending Crypto Market FUD and now there should be no fear in keeping the funds in USDT.

Tether is only the "best" stablecoin because of the coin's market cap, and widespread adoption among a vast number of projects in the crypto/Blockchain space. But its legitimacy is to be questioned, due to Bittrex's (the issuer of Tether (USDT)) lack of transparency. What if Bittrex decides to run away with the money in the future? Or what if governments begin to crackdown on Bittrex itself? It'll be the end of Tether as we know it.

For what I know, there are far better options out there on the market that are backed by renowned companies in the industry. One of those options is USD Coin. The stablecoin is transparent and backed by Circle and Coinbase. It may have a lower level of adoption than Tether (USDT), but that could change soon as crypto/Blockchain tech becomes more popular in the mainstream world. Who knows if USDC replaces USDT sometime in the future?

Nonetheless, stablecoins hold good promise of bringing the world of Fiat into crypto. The best ones are those which comply with government regulations. You can rest assured that your investment will be safe with a stablecoin that's backed by a reputable company in the mainstream world. At the end of the day, all stablecoins serve the same purpose. And that is bringing the benefits of the US Dollar without the need for a bank account. Who knows what the future holds for the stablecoin industry? Just my opinion