The popularity of stable cryptocurrencies (stablecoins) is due to their ability to bring some stability to the world of cryptocurrencies. We present to your attention an overview of the current position of stablecoins on the market and their possible prospects.
Stablecoins in translation means “stable cryptocurrencies”. Their feature is low volatility, which is achieved by pegging to traditional assets (most often – to the US dollar or gold).
Stablecoins allow you to eliminate some of the disadvantages of cryptocurrencies, which are often the reasons for refusal to work with cryptoassets. In particular, with the help of stablecoins, the following is realized:
Stablecoins may differ in the type of collateral, which include the following:
Despite the obvious advantages of working with stablecoins, they also have some disadvantages.
This period of user uncertainty (trust the company or not?) Is an opportune time for all of Tether’s competitors, who have no tarnished reputation and whose financial side is much better debugged than the pioneering stablecoin.
Among the competitors of Tether, TrueUSD (TUSD) stands apart, which is now in 45th place in terms of capitalization. For six months of its existence, this cryptocurrency has been able to enlist the support of a large number of users and become a popular alternative to USDT. The maximum fluctuation in the price of this cryptocurrency is now about $ 0.03, which is negligible not only for stablecoins, but also for the traditional financial market. TrustToken, which initiated the creation of TUSD, is a very promising project. Its activities are aimed at creating a connection between the traditional and cryptocurrency financial markets.
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Below is a cryptocurrency stablecoin list, the most popular stablecoins with links to get an overview of their current price:
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