there are different stablecoins in the cryptographic ecosystem both USDT, USDC, BUSD and even some less known as USDD of the Tron ecosystem or USDP which is the stablecoin of Paxos trust which is another cryptographic company, do you use any of these stablecoin? and why did you choose that one in question? I want to know your opinions I read below
What stablecoin do you use?
- Thread starter riberet19
- Start date
I don't hold stablecoins for investment purposes, but I only use stablecoins to swap Bitcoin and it depends on the wallet that provides stablecoins, such as on the blockchain wallet providing USD coins and on Coinbase providing USDT. So I don't have stablecoin favorite.
Most of the time I use USDT stable coin but not using another kind of stable coins like USDC this is because USDT value is near to the value of 1 $ but fee is about 0,8 $ per transaction.
- Thread starter
- #7
No, I do not really see them as an investment purpose because their value is stable, I use them to store value within the cryptographic ecosystem and to make purchases at certain points or even to make my sales quickly to stable currency which is very useful.
What happened with USTC made stable coins untrustworthy and now people are afraid of keeping stable coins, anyway I think USDT is better for transactions and USDC is better for long term hold.
USDT is Binance based means most of the transactions are under Binance using USDT to know the value equivalent to 1 USD in the local currency this is the reason behind its popularity compared to USDC one how is coinbase based coin.
- Thread starter
- #10
Not only UST which is which I think you refer, that is to say the stablecoin of Terra Luna but yesterday the emission of BUSD was prohibited directly to the company Paxos Trust that was the one who issued it, which makes this stablecoin illiquid, and is an attack on the stablecoin in every rule
BUSD is Binance Based coin. Terra Luna is also popular and could be traded on Binance too but no so much sites are using it. Does Paxos Trust has any relation to Binance team?
- Thread starter
- #12
Paxos trust is the company that issued the BUSD for Binance yesterday broke all commercial relations by imposition of a regulator in the United States, BUSD has been seen for judgment and is destined to die from now on because little by little people will leave there and become illiquid, View and read the information is important if you own stablecoins
- Thread starter
- #14
USDT is an extremely liquid asset, top 1 stablecoin by market cap and the preferred pair in the crypto ecosystem for trading really, is the No. 1 stablecoin, I hope it stays that way.
- Thread starter
- #16
Yes they continue to support it, but the BUSD circulating will not rise and probably the BUSD will become illiquid and people will gradually stop using it, I am still in USDC for now.
Tether
Binance USD
True USD
Among all Binance USD is the most popular and more versatile in every aspect than other stable. I believe Binance USD is empowered by wide usage in Binance exchange. Tether is still good and really stable. But i prefer Binance token unconditionally.
Binance USD
True USD
Among all Binance USD is the most popular and more versatile in every aspect than other stable. I believe Binance USD is empowered by wide usage in Binance exchange. Tether is still good and really stable. But i prefer Binance token unconditionally.
I only invest in USDT. I don't think I've invested in any stable coin before
- Thread starter
- #19
Have you read the latest news about BUSD and its commercial break with Paxos Trust which issued BUSD? BUSD stopped issuing new tokens yesterday, and the BUSD token could stop being backed 1:1 with the dollar by February 2024 and risks becoming illiquid as its market capitalization continues to fall.
