Are there any real stablecoins?

[robinator]

Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

[coinzzzpro]

Experience shows that the USDT is relatively stable, but now there are alternatives to the USDC, BUST for example. If you want to trade in pairs to the dollar, it eats on many exchanges.

[masterrex]

Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

I think the best way to do that is by checking the circulation and total supply of that stable coin, for example, the BUSD a Binance issued stable coin and they said that it was pegged with a dollar in 1-1 ratio and with a total supply of 13 Billion it was relatively small compared to Tether's USDT and because it was issued by one of the worlds trusted names in crypto that's why I feel secure when im using BUSD.

[Synerggy]

USDT did the job well, I don't know what you meant by been real stable coin just don't mix things up with how real Fiat is and how unreal digital currencies are, one is physical and the other isn't that's the major difference here so yes USDT, USDC, DAI are all good stable coins, oh and they are real too

[flip4flop]

If I had to choose one stablecoin right now it would likely be USDC. It has the least drama around it and I feel the longest long term viability following whatever regulations and scrutiny stablecoins come after especially after the US fed releases its report on stablecoins in the coming weeks.

[Yogee]

Tether is used by many and stablecoins are a rising market, but are they really stable?

Tether is trying to make USDT stable by pulling a lot of moves including the shady ones. It seems they are cleared of charges for now after paying $18.5 million penalty.

What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

Tricky to answer but we cannot really be assured since the performance of companies issuing these centralized or semi-decentralized stable coins is out of our hands.

[MusaMohamed]

Many stable coins and the biggest one is Tether USD. If you consider the decentralization is the most important specification, DAI is the best. BUSD is good because you can use it for many products from Binance, on Binance Smart Chain, DeFi.

The position of Tether USD is losing and you now don't have to rely on Tether USD. BUSD and DAI are good alternatives.

Category for stablecoins

https://coinmarketcap.com/view/stablecoin/
https://www.coingecko.com/en/categories/stablecoins

[josephdd1]

Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

There are two types of stable coins. Those that are backed by gold, other crypto currencies or dollars and those that are algorithmic and don't have any collateral.

Algorithmic stable coins (AMPL, BAC и ESD) depend a lot on the general market situation, as if there is a panic on the market, it is very difficult for them to stay stable, so they collapse more often.

[Betaj00]

Tether is used by many and stablecoins are a rising market, but are they really stable?

Off course Tether is a stable coin in crypto market, but i don’t know that why you asked this question. Always i use Tether for my regular crypto work, also have many different type stable coin but my choice is only Tether.           

[zasad@]

Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

Stablecoins and Blacklists
https://bitcointalk.org/index.php?topic=5247581
Read the latest posts in this thread
If a company can print stablecoins uncontrollably, then this is a potential scam.
It is better to use DAI for long term storage.

[Yudhisthir]

Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

I use Tether for immediate transactions and trade but never hold them. They are mostly unavoidable as they become the only route through for many exchanges. Among all the stable coins, the one which would be safest is DAI. They did have some problems in the past but not they are backed by a multiple of coins including USDC. That said, it would suffer even a few of those coins crashes. That makes them a stable among the stable coins.

[JeffBrad12]

Tether is used by many and stablecoins are a rising market, but are they really stable?

Yes, they are. All stable coins have been using the same mechanism.

What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

You have lots of options to be chosen as an alternative stable coin. USDC, PAX stable coin, and many more. The price of a stable coin was stable although it may drop a little bit it can still keep its value to be equal with dollar.
You can always try to check the regular audit that will always be provided by any stable coin provider to make sure if that was fully backed equally with the dollar. I meant the reserver fund will be 1:1 with the total issued token or equally.

[livingfree]

Its volatility is very low and that's why it moves sometimes with lesser centavos than $1. But if you're going to use Tether.

I would second the suggestion that it's better for you to use the other decentralized stable coins like DAI.

[tippytoes]

Its volatility is very low and that's why it moves sometimes with lesser centavos than $1. But if you're going to use Tether.

I would second the suggestion that it's better for you to use the other decentralized stable coins like DAI.

Sometimes it is hard to trust stablecoins because we don't know the ultimate truth about their assets. Just like USDT, are we 100% sure that they are backed by USD assets up until now? If anyone remembers here, way back in 2019, Tether admitted that they were not fully backed. And now, do you think they are telling the truth here? So what I am saying is, it is good to venture in stablecoin if they do have actual backing. That is for you to learn more about their assets.

[cabron]

Stablecoins are real, you can exchange them for local currency when you have them. Whichever created like Circle's TUSD, Gemini, Binance USD, Coinbase USDC and so on they are real. We just don't know if they are indeed backed by real USD.

While we are discussing stablecoins, I just wanted to insert this article about SEC wanted to regulate stablecoins.
They are still trying to regulated crypto, they won't give up that easily like China did that bans all areas of cryptocurrency.

SEC Subpoenas USDC Stablecoin Backer Circle
https://www.coindesk.com/business/2021/10/05/sec-subpoenas-usdc-stablecoin-backer-circle/

[fadil46]

Experience shows that the USDT is relatively stable, but now there are alternatives to the USDC, BUST for example. If you want to trade in pairs to the dollar, it eats on many exchanges.

Now there are many choices for stablecoins in cryptocurrency exchanges, not only about USDC and BUSD, but there are also many others, only the most commonly used is USDT because there are so many pairs.

[Capt00]

Tether (USDT) (market cap $62 billion) and USD Coin (USDC0) (market cap $ 27,3 billion) are, in my opinion, the most popular fiat-collateralized stablecoins today. Stablecoins are backed by commodities such as precious metals, gold, silver, real estate, or oil.

[Sollaes]

Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

To assure that stable coins are backed by something, audits are organised. Actually, Tether has passed several audits, but it is still unclear wether it has this collateral or not. Nevertheless, people trust this coin and continue using it. As long as people use it, it will be stable. But in case of different officially confirmed bad news, people can start get rid of it very fast and it will lose its value.

[asriloni]

They will never be called as stable coin if they were not having stable value without being affected by the volatility that happened in the market. I think that you're missing something here but the problem is lack of transparency about the reserved funds to backed the stable tokens. All of the price of stable coin will be stable until the company can't prove if they didn't have reserved fund to backed it and that will make the price can plunged. As far as I know that if tether has ever got plunged so hard caused by that. The reserved funds have become a very important thing to make sure if the price can be stable or at least it removes the volatility.

The commodity that used to backed the token was the main thing to keep the value of stable coin become stable. Just try to read the financial report that published by the stable coin issuers.

[RussianEnglishTranslation]

Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.

My favorite stablecoin is MIM, which is like DAI and Spell is the token that backs it. Holding spell is much more profitable than holding MKR and MIM has more liquidity on different chains than DAI.