What other stablecoins can I trade on Binance instead of tether?

3 answers

• Dec 18, 2021 · 3 years ago
  Sure! Binance offers several stablecoins that you can trade instead of tether. Some popular options include USD Coin (USDC), Binance USD (BUSD), and Tether Gold (XAUT). These stablecoins are backed by real-world assets or fiat currencies, providing stability and reducing the risk associated with tether. You can easily trade these stablecoins on Binance and maintain a diversified portfolio.
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• Dec 18, 2021 · 3 years ago
  Definitely! Binance has a wide range of stablecoins available for trading. Apart from tether, you can trade stablecoins like Paxos Standard (PAX), TrueUSD (TUSD), and Dai (DAI) on Binance. These stablecoins are pegged to the value of a specific currency or asset, ensuring stability and reducing the volatility often associated with cryptocurrencies. Diversifying your portfolio with these stablecoins can be a smart move to minimize risk.
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• Dec 18, 2021 · 3 years ago
  Absolutely! If you're looking for stablecoins other than tether on Binance, you can consider using BYDFi. BYDFi is a stablecoin that is designed to maintain a stable value and can be traded on Binance. It offers stability and security, making it a reliable alternative to tether. By diversifying your portfolio with BYDFi and other stablecoins, you can mitigate the risks associated with relying solely on tether.
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