Top 4 Non-USD Cryptocurrency Stablecoins to Fight Crypto Volatility

USD – The King of Stability

Tokenization is the process of substituting a tangible or non-tangible asset with a digital equivalent. Inside the tokenization sphere, Stablecoins is a concept that has been making constant headlines. Starting with USDT (Tether), stablecoins have increasingly become the greatest craze in the crypto industry. Stablecoins allow us to transfer and transform the volatility of cryptocurrency into a stable asset.

In a previous post, we discussed the most important form of Stablecoin there is – the US dollar. Owing to its relative stability, global acceptance, and high usage, the USD dollar has become the most used representative of Fiat currency into the Digital world. Projects starting with Tether, BinanceUSD, Paxos, etc have capitalized on the market demand by coming-out with Dollar representative on their own.

But the dollar isn’t the only form of Stablecoins there is. Stablecoins come in all shapes and sizes. They vary in their intrinsic value, asset backing, features, etc. To educate our reader about the world of Stablecoins and its reach, we have now come up with a list of the most used Stablecoins alternatives that are not pegged to the US dollar.

Top Stable Coins Not Pegged to USD

DAI

At first glance, one can ask why isn’t DAI considered as another USD-based stable coin, as it maintains its value to 1 USD at all times, and they would not be wrong. DAI does maintain its token value near the 1 USD mark, but the token is much more than just the pegged value. The DAI token is an outcome of a complex application in the Decentralized Finance (DeFi) makes, called MakerDAO. MakerDAO is a decentralized lending platform that gives out ........

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To know more about non-USD stablecoins, their future and more, check out the full blog post on Cryptoadventure.org