What are the most popular US dollar stablecoins available for trading?
SuciFthiraDec 13, 2023 · 2 years ago1 answers
Can you provide a list of the most popular stablecoins pegged to the US dollar that are commonly traded in the cryptocurrency market?
1 answers
- Andy NiehausNov 21, 2021 · 4 years agoOf course! Here are some of the most popular US dollar stablecoins that you can trade: 1. Tether (USDT): Tether is the most commonly used stablecoin in the cryptocurrency market, and it's pegged to the US dollar. 2. USD Coin (USDC): USDC is a stablecoin that is backed by US dollars held in reserve, and it's regulated by Circle and Coinbase. 3. Paxos Standard (PAX): PAX is a regulated stablecoin that is backed 1:1 by US dollars held in FDIC-insured banks. 4. TrueUSD (TUSD): TrueUSD is a fully collateralized stablecoin that is regularly audited to ensure transparency and trustworthiness. 5. Binance USD (BUSD): BUSD is a stablecoin issued by Binance in partnership with Paxos, and it's backed by US dollars held in FDIC-insured banks. Please note that the popularity and availability of stablecoins may vary depending on the exchange you're using for trading.
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