What is the most stable coin in crypto

what is the most stable coin in crypto

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USDT vs USDC: Which is The SAFEST Stablecoin?
Stablecoins are cryptocurrencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument. Stablecoins aim to provide. Top Stablecoins to Know � Tether (USDT) � USD Coin (USDC) � Dai (DAI) � Binance USD (BUSD) � TrueUSD (TUSD) � Frax (FRAX) � Pax Dollar (USDP) � Liquity USD (LUSD). Tether (USDT) is the most widely used stablecoin and is pegged to the U.S. dollar. It has faced controversies in the past regarding its reserve holdings. USD.
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Algorithmic stablecoins use algorithms and smart contracts to manage the supply of the tokens issued. It was introduced back in and is managed by Circle and Coinbase through the Centre Consortium that they co-founded together. The system will reduce the token supply if the price falls below whatever fiat currency it tracks through methods like burning or buybacks. Whereas all exchanges allow users to buy stablecoins in cryptocurrency trading pairs, some centralized platforms let investors purchase stablecoins directly with fiat.