What are the most popular US dollar stablecoins available for trading?
DARYL-PHNov 25, 2021 · 3 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
- Nov 25, 2021 · 3 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.
Related Tags
Hot Questions
- 84
What are the tax implications of using cryptocurrency?
- 84
How can I protect my digital assets from hackers?
- 81
How can I buy Bitcoin with a credit card?
- 74
What are the advantages of using cryptocurrency for online transactions?
- 62
What are the best practices for reporting cryptocurrency on my taxes?
- 53
What are the best digital currencies to invest in right now?
- 40
What is the future of blockchain technology?
- 33
Are there any special tax rules for crypto investors?