List of Stable Coins:
Here's a list of stable coins that are gaining popularity among investors and are pegged to the US dollar.
- Tether (USDT) - One of the oldest and most widely used Fiat-based stablecoins.
- USDC - A stablecoin developed by Circle and Coinbase.
- Binance USD (BUSD) - A stablecoin issued by the Binance exchange.
- TrueUSD (TUSD) - A stablecoin developed by Trust Token.
- Paxos Standard (PAX) - A stablecoin developed by Paxos.
- DAI - A decentralized stablecoin developed by MakerDAO. It is pegged to the US dollar but created through a collateralized debt position on the Ethereum blockchain.
- Gemini dollar (GUSD) - A stablecoin developed by Gemini Trust Company.
Best Crypto Stable Coins 2023:
1. Tether (USDT)
Tether (USDT) is a fiat-backed stablecoin and it is considered the most reliable stablecoin. USDT is pegged to the US Dollar and each unit is backed 1:1 by assets held in reserve.
Tether (USDT) is the most popular stablecoin in the United States, known for its stability on the cryptocurrency market. It's been on the market for a long time and is the largest stablecoin in the world by market capitalization. It is now the third largest crypto in the world.
USDT Crypto Price:
2. USDC Coin (USDC)
USD Coin is a dollar-backed or fiat-based stablecoin launched by leading company Circle in 2018. It was created to provide traders and institutions with a transparent, secure, and regulated digital alternative to fiat currencies. USDC is minted and audited through a partnership between Circle and Coinbase, both headquartered in the United States.
USDC Crypto Price:
3. Binance USD (BUSD)
Binance USD (BUSD) is an ERC-20 token created and launched by the cryptocurrency exchange Binance. It has been designed to be a “safe haven” for traders and investors to store their assets in a stablecoin when traditional market volatility occurs. Every BUSD is backed 1:1 by real U.S. Dollars held in reserves, so stability is guaranteed for users. Furthermore, strict KYC/AML requirements ensure all transactions are secure and private.
BUSD Crypto Price:
4. TrueUSD (TUSD)
TrueUSD is another ERC-20 token created in 2018 and backed by fiduciary reserves. It is known for its transparency, since all required documents are published on their website for public access. Additionally, the tokens themselves have an immutable supply to ensure value does not decrease. Overall, it provides a reliable stablecoin choice for crypto exchange users.
TrueUSD Crypto Price:
5. Paxos Standard Token (PAX)
Paxos Standard (PAX) is another popular stablecoin issued by New York-based financial technology firm Paxos. It is the world’s first legally recognized digital asset, and it was designed to serve as a bridge between traditional finance and digital assets. Each PAX is backed 1:1 in U.S. dollars held in escrow at FDIC insured U.S. banks. This provides users with high levels of confidence and stability for their transactions.
PAX uses an algorithm called “Smart Peg” that automatically adjusts the value of the token based on changes in the US dollar price. This means that PAX will never lose more than 2% of its value against the US dollar. PAX can be traded for major cryptocurrencies such as Ether (ETH) and Bitcoin (BTC).
PAX Crypto Price:
6. Gemini Dollar (GUSD)
Gemini Dollar (GEM), also known as GUSD, is one of the top five stablecoins in the United States. It was launched by Gemini, a New York-based cryptocurrency exchange. These coins are designed to maintain a 1:1 ratio with the US dollar. This makes them attractive options for those looking to invest in cryptocurrencies without worrying about fluctuations in value.
GUSD Crypto Price:
All these popular or the hottest stablecoins are available on well known trusted crypto exchanges including Coinbase, Binance, Kraken, Huobi Global, and more.
Stablecoins FAQs:
Are Stablecoins Crypto Cryptocurrencies?
Yes, Stablecoins are cryptocurrencies.
What are the best stable coins? | What is the most reliable stable coin?
Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), and TrueUSD (TUSD) are the most reliable stablecoins in the market, offering stability and reliability to investors who are looking to benefit from the growth potential of the cryptocurrency market while also mitigating risk.
Where can I buy Stable coin?
You can buy stablecoins on cryptocurrency exchanges such as Binance, Coinbase, and Kraken. Some exchanges, like Gemini, even offer their own stablecoin. Additionally, you can also buy stablecoins through peer-to-peer marketplaces such as LocalBitcoins, or through over-the-counter (OTC) trading desks.
What are the best stable coins to buy?
The right stablecoins to buy depend on your specific needs and preferences. Following are the top stablecoins to hold in 2023 based on crypto market statistics, analysis, and market demand.
- USD Tether (USDT)
- USD Coin (USDC)
- Binance USD (BUSD)
- True USD (TUSD)
- Dai (DAI)
- Paxos Standard (PAX)