The Best Stablecoins (List and Reflections)

The Best Stablecoins (List and Reflections)


As we know, the cryptocurrency market is characterized by an important aspect that is exploited by traders: volatility.
Basically we have sudden increases and decreases in the price and in a short time.

For the few experts I underline that for volatile crypto we refer to: Bitecoin, Monero, Ethereum, Dash, Dogecoin, Litecoin, ZCash, BAT, etc


It is to counteract the phenomenon of volatility that "stablecoins" were invented.
This digital resource is (almost) immune to the change in market price (a bit like money in everyday life), if not for small variations.

 

What are the most famous stablecoins?

-Tether

-DAI

-White standard

-TrueUSD

-Paxos

-Gemini Dollar

-BitUSD

-USDCoin

-Libra (Facebook Coin)

 

Then there is a particular stablecoin: Digix Gold ($ 45). Digix Gold value is not anchored to any fiat currency, but to the cost of 1 gram of gold. The token (erc20) was developed on the Ethereum blockchain.
However, fluctuations in the price of gold have also moved the value of this stablecoin which has not shown, for now, a strong stability in the cryptocurrency sector.

In my opinion, the use of stablecoins is very limited as are the sectors of use. I believe that it is very difficult for these coins to compete with current money (for digital purchases the various Paypal or Postepay are enough). The volatility of Bitcoin or Ethereum guarantees speculation and investments: volatility is not necessarily a bad thing.
Risk is risk, in every sense.


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