"cryptocurrencies"
A algorithm based share-market.There are thousands of crypto in digital market.Most of them prices rise and fall.But today we discuss about stable coin.
Stablecoins are the ones whose value remains stable from the begain to now.These assets are not volatile.These cryptocurrencies are linked to real-world assets like gold or the dollar.
Let's take a look top 5 stable-coin.These crypto help you to never face losses.
#1 Tether (USDT)
The most popular stable coin is Tether (USDT), that is the 8th largest cryptocurrency in the world, by market capitalization.This crypto is world's most known stable coin,whose CEO is JL Van Der Velde.Tether mixed of blockchain and tradional crypto benifits.This is a fiat enabled collateralized stable coin,USD in a 1:1 ratio.Which means no volatility in coin price. Tether allows its user no transparency,no audit,no rocord.
Pros: Easy setup and full immaculate support and it is 8th lastest crypto.And most one (price 1:1 ration to usd)
Exchanges: Binance, OKex, Huobi,CoinBene and many more
Market Cap : $3,576,884,667 USD
Total Supply : 3,820,057,493 USDT
More information : tether.to
#2 TrueUSD (TUSD)
the 2nd stable coin in our list.TrueUSD (TUSD) back by usd($).Which is totally transparently verified and audited. The best thing about it that anyone can access the reports of transparently.The information of those accounts is published daily and audited.Change of volatility of the crypto when it will always have the value of 1 USD.
Pros: Backed by American Dollar and audited.
Cons: Not as like as USDT.
Exchange: Binance, DigiFinex, Bit-Z, BitForex
Market Cap: $214,835,989 USD
More information : www.trusttoken.com
#3 MakerDAO (DAI)
MakerDAO(stable coin ICO) is introduced a new directionto making stable coins.It not driven by usd($) but it backed by ETH.This crypto is pegged by other crypto.Thats why sometimes its price fall under 1$ .But some crypto players its a game changer.Because dai not processby any bank.so It can be freely traded like any other ERC20 tokem.Anyone with a wallet can own, accept, and transfer it.
Pros: A stable coin that USD to be transferred in any amount instantly.
Cons: This coin creating Complex
Exchange: HItBTC, KuCoin, OasisDEX,coinbase
Market Cap: $87,559,935 USD
Mo information : dai.com
#4 USD Coin (usdc)
The name of this coin is USD coin.This is stable by its name(joking 😂😂)
This stable coin backed by dollars.This is also an ERC20 token.The cryptocurrency finance firm circle Internet financial Ltd and the CENTRE open source consortium launched USDC.Their aim solves elementary problems and make it most faithful stable coin in the world .
Pros: Can be used as a stable coin with many features of crypto
Cons: Lack of scalability and Merchant Adoption
Exchange: Poloniex, Binance, CoinBase,LATOKEN
Market Cap: $369,781,033 USD
#5 Paxos Standard Token (PAX)
PAX controlled by Paxos Standard Token (PAX),llc.Its also backed by US Dollar in equivalent 1:1 ratio.which is quite similar to Tether.AX is an ERC20 token.So Ethereum wallets support PAX tokens also.
NOTE: Paxos is first trust company to be created in New York sinc Financial Crisis.
Pros: Because of it being an ERC20 token, human errors are minimized
Cons: Not many wallets are available, most of them are in beta stage.
Exchange: DigiFinex, OKex,Binance,TOKOK
Market Cap: $148,688,161 USD
More information : paxos.com
Stable coin is very comfortable .See,my point of view, when the price below 1$,we will try to buy those coin.Since these coins are stable so price never get fall.
Traders always buy sell their products by these coins frequently any time,at aywhere.Becuse these coins price never drop .It always stant 1$.
If one buy a t-shirt worth 20$ = 20 stable coin.It will always 20$.Always worth 20$.So you can transfer coin from any where,any time,no banking without facing any inconvenience.A stable token is very similar to a commodity backed currency.
Sounds great , but the reality is, stable tokens are most difficult-to-implement.The Tether provides an example of how a stablecoin can go wrong direction. Fiat-backed stablecoins are centralized, meaning they are run by a single entity. This requires trust that this entity is actually backing up their stablecoins with real fiat.
Crypto-backed stablecoins also come with their own set of issues.This new form of digital currency is still taking form and has a long way to go before potentially reaching maturity.Each form of stablecoin comes with its own unique set of benefits and drawbacks, and none of them are perfect.
