Which one is best and safest STABLE coin?

[velosepur]

All are good but Tether is the most well-known stablecoin in the crypto world. It is backed by gold, traditional currency and cash equivalents. Tether is also known for its security and smooth integration with crypto to fiat platforms. Mine opinion is this.

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[livingfree]

The idea of USDT freezing those funds that came from hacks can't be removed to everyone that it can also freeze funds of anyone at their will.

DAI is decentralized and it may not be the safest in the opinion of others but it is decentralized.

If they can freeze our funds then it's not safe to store it there regularly we can only use it temporarily if we run out of choice. right now we have many more choices like the BUSD, USDC, and others which are also backed by the price of USD. I think it's best to also diversify our assets when we have a huge amount of cryptocurrencies to avoid freezing it in a single stable coin where we don't have any authority or free will to unfreeze it. It's the best thing that we have some kind of alternatives to avoid such problems in the future.

It's known.

And it's all up to you if you're going to save your wealth through USDT. But for me, I won't. I might use them just for trading.

But if it's about keeping my other assets and converting it into another stable coin, I won't choose USDT.

[Jackl87]

Hi Friends,

as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI  and so on.   Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/

In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.

I wish to convert some of the coins to stable coins for next bull run.  So, your suggestions will be very much appreciated 

What also needs to be considered regarding USDT is the fact that we can not be safe anymore if every USDT that is minted by them is still backed by a real US Dollar because back in 2019 they changed the wording regarding that from "Every USDT is backed by a real USD" to "We have enough reserves to back every USDT minted with a real USD". So we don't have any possibility to verify this reserves and if they exist we don't know in what form those reserves exist.
Personally i have switched to USDC a few months ago. USDC belongs to coinbase and they are, as a US company, audited pretty regularly so the reserves for USDC should be safe.

[Coin_trader]

There's always a pros and cons on each stablecoin, Token freezing can happened on other centralized stablecoin too like BUSD. USDC is the safest stablecoin in my opinion but as usual in crypto space, Anything can go wrong once there's an unforseen event happened to the stable coin you are holding. USDT is dangerous yet its still good to use it since its a big stable coin and no one can take it down within a day just like what happened on XRP, despite there SEC problem, They manage to move forward and leave there case as is. This too is same to USDT, they will have time to depend themselves and holders can always react because it has a lot of volume on exchange to catch the sell-off if ever it will occur.

[19Nov16]

The presence of stable coins allows us to immediately transfer assets instantly, this reduces the risk in case of a red market, and I have been using Tether and BUSD for 2 years because they are proven to be more secure, this is what makes Tether transaction volume the largest beating bitcoin.

[Wong Gendheng]

Until now I only use Tether because I think it's what I want, for speed and price I feel 100% stable compared to BUSD which sometimes drops 3% even though it's normal again but it takes quite a long time.

[Betaj00]

one knows when will the next bull run start then use DAI. For short term period use USDT. If you are not doing any illegal activities with your USDT then it will not get frozen.

As a stable coin i use USDT and also i always use USDT for trading pair, i always convert my altcoin to Usdt as for secure but i don’t understand that what is the relation between usdt bull run.           

[isaac_clarke22]

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Got this thread made by mk4 regarding that stablecoins can be frozen. https://bitcointalk.org/index.php?topic=5204055.0
I never held that much in stablecoins anyway, but I was thinking of back when I was day trading. Kind of scary that getting your funds frozen is inevitable to some coins.

[izsara]

for what you said about usdt indeed I am completely right because there are some problems about it but this I think will be very good when there are freezes like this when their reasons are acceptable such as being exposed to hackers or fraud etc.
but for the other stablecoins I think they are all the same as USDC and BUSD but I prefer BUSD when looking at stablecoins.
at least with this I can still trade daily when the market is in a correction problem

[bitcon]

As for me, the best solution for those who have really many stable coins is to diversify them. It means that you have a part in USDT, in USDC, in DAI and so on. You know that the most popular one is Tether even despite a lot of bad news about its collateral and that your account can be frozen, but people are still using it as it is one of the most convenient options. But personally I would rather trust a decentralised stable coin, for example DAI.

[Cryptosystem84566]

USDC was good for a while but it is also good for small transfers from exchange A to exchange B.

[Matteorsini]

Hi Friends,

as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI  and so on.   Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/

In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.

I wish to convert some of the coins to stable coins for next bull run.  So, your suggestions will be very much appreciated 

PAYB is definitely a good choice for long-term investment. Low market cap and certified rug proof. With their innovative Polkadot bridge which connects BSC to other Blockchains, we're about to get to the moon pretty soon. Grab a bag of PAYB and let's start the party!

[2girls]

In this case my personal idea is that there are many stable coin but the most secure stable coin is USDT  in all the stable coin .
And the my advice is that anyone want that who secure there funds so who easily buy USDT.

[DOH!]

And the my advice is that anyone want that who secure there funds so who easily buy USDT.

I think USDT is stable but the risk is on the Fed's radar and then the impact of CBDC is probably the government's next option.  Currently, the market base has expanded quite a few highly scalable compatible stable coins.  It may still take time to figure out who will outperform USDT, but for now USDT is still the most important position if deciding to accumulate it.  That means the risk when USDT will be higher in the near future.

[Fivestar4everMVP]

Well, a lot of controversial articles has circulated on the internet concerning how unsafe usdt is, but the irony here is that it's still the most used and the most liquid stable coin around in crypto atleast for today, it's the most listed stable coin on exchanges, I mean there practically no centralized or decentralized exchange without usdt listed on it, I believe this is why it's the most used of all stable coins not minding the whole unsafe things people say about the currency.

For me, I honestly can't from a personal point of view say which stable coin is totally safe or unsafe, but I do know that I wanna be on the safe side, and people have said alot of good stuffs concerning DAI, so personally, I choose DAI as my preferred stable coin due to its full decentralized nature, but the con is that DAI isn't as liquid as usdt which makes transacting with it a bit of a hassle right now.

[el kaka22]

Anyone who says that USDT is the safest has no idea what the safest means. Even BUSD is safer because it is backed by Binance and we all know Binance is a great place and they are more trustworthy than a company called "tether" that has absolutely no other product. Tether just gets your money, puts it into other stuff that could be sold quickly and has liquidity, make a small portion of profit from it, and gives you nothing at all.

The moment they lose some of that money means that they are not backing USDT and that is very risky. On the other handBinance is a company that makes billions all the time, they could simply just allow people get paid and make that back eventually anyway from the trading fee profits.

[otundebis]

I think I prefer Dai as it's some what decentralized up to a point! Busd is neither here nor there, it is used and operated by binance and back by pax company! Usdt is the most notorious out of  the three stablecoin I have mentioned here, it's surrounded by controversies and they have not been able to refute many of those!

[perfect999]

Anyone who says that USDT is the safest has no idea what the safest means. Even BUSD is safer because it is backed by Binance and we all know Binance is a great place and they are more trustworthy than a company called "tether" that has absolutely no other product. Tether just gets your money, puts it into other stuff that could be sold quickly and has liquidity, make a small portion of profit from it, and gives you nothing at all.

The moment they lose some of that money means that they are not backing USDT and that is very risky. On the other handBinance is a company that makes billions all the time, they could simply just allow people get paid and make that back eventually anyway from the trading fee profits.

Here I agree with you because BUSD is really better idea then going into USDT which is never been good idea I am also having some serious issues with this in last few weeks, so now I am also going to change this into BUSD which is backed by Binance, and we have some good confidence on this exchange instead of Tether.

If someone doesn't want to go with BUSD then there is another better stablecoin available in market which is DAI it's also having very good use case we can go with this instead of Tether, but please still do some your own search before using any coin because it's much better than going with other's opinion.

[cheezcarls]

I usually receive USDT (TRC20) for my salaries and other gigs most of the time and so far no problem until now. However, it is centralized in which it can be frozen anytime without warning but it's stable and widely popular for cryptocurrency traders. Sometimes I receive BUSD and DAI, but haven't tried USDC yet.

[vabchgent]

I usually receive USDT (TRC20) for my salaries and other gigs most of the time and so far no problem until now. However, it is centralized in which it can be frozen anytime without warning but it's stable and widely popular for cryptocurrency traders. Sometimes I receive BUSD and DAI, but haven't tried USDC yet.

The issue with centralization is true, but that is the trade-off right? They are smooth to use, efficient, cheap. If you take algorithmic stable coins there is risk involved, you are usually subject to volatility and also to a required collateral.

I have never had a problem with USDT (TRC20) either and I also like BUSD just because I think that Binance is too big to fail and extremely profitable so why should they scam their users.