Which stable coin is currently safe for us?
Assalamu Alaikum
There are 200+ stable coins in the crypto currency market, but out of 200 there are 6 coins that can be called pretty good, the rest 194 coins are not stable, their price is low and high, but they are called StableCoin, but now they become ALTCoin!
The 6 coins are USDT,USDC,DAI,TUSD,FDUSD,USDD
Now you have to select 1 specific currency from these 6!
Image collect Pixabay
Because it is so important to choose, to keep our funds safe, we have to make decisions!
Let me research all the coins today.
First USDD we all know TRON blockchain own stablecoin is very safe but the problem is Binance Coinbase Kraken List is not there, a huge problem for us who trade Binance/Coinbase/Kraken! Hopefully USDD like Binance will come to the market soon then we have no fear!
Then FDUSD their Ranking 62 still beware of this stable currency!
Then TUSD DAI, what can I say about them, USTC was better positioned than this stable coin,
I think the safest stablecoin for everyone is USDT,
I would put USDT at number 1 then USDC because USDC crashed a few days ago!
Healed later though!
Let's learn the history of USDT-Tether!
USDT is the world's first crypto currency, founded in July 2024 by Brock Pearce, Craig Sellers and Reeve Collins Tether stands for USDT Coin,
The first condition was the name of this coin RealCoin!
And this coin is Stable Coin. This currency is pegged at 1:1 to the US dollar.
If someone buys $1 USD they will get $1 USD in the bank!
So USDT is stable currency safe!
Crypto currency is very risky, think before investing, even lose! Profit is yours! I am not a financial advisor!
So I'm ending here today, InshAllah, see you with something new! Be well everyone! Allah-Hafez!
Enjoyed your post very much. I also personally like usdt very much and that is what I use.
USDT coins seem to be my preferred option at the moment. We know by sea that this is a stable coin. Nice post presented regarding usdt. Thanks for sharing such a helpful post.
Thanks For your beautiful comment