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Top 5 alternatives to USDT stablecoin

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Top 5 Alternatives to USDT Stablecoin

Top 5 alternatives to USDT stablecoin

Top 5 alternatives to USDT stablecoin
CONTENT

  • Tether capitalization increased to $ 15 billion

  • There are at least 5 alternatives to USDT on the market

  • More than half of all USD-backed coins are held on crypto exchanges

International consortium of news organizations developing transparency standards.

Top 5 alternatives to USDT stablecoin

The most popular stablecoin Stablecoins – literally translated from English “stable” coins – continue to gain popularity in the digital asset market. With … More USDT, which is backed by the US dollar in a 1: 1 ratio, recently announced an increase in capitalization to $ 15 billion, but many users are still tormented by the question: “What will happen next?”.

The proceedings with the American prosecutor’s office, the withdrawal of $ 1 billion from the TRON blockchain, haunt the coin holders. Many even talked about the fact that Tether could close, although experts have their own opinion on this matter. BeInCrypto has compiled its rating of possible alternatives to USDT.

Coinbase USD (USDC) Is a cryptodollar issued by the Coinbase exchange, launched back in 2018. The stablecoin is backed by the US dollar and can be used as a centralized banking asset, since Coinbase has a BitLicense, which allows the site to operate in New York. Coinbase directly controls the stablecoin, so you can buy a coin right on the site. Coin capitalization exceeds $ 2 billion.

Top 5 alternatives to USDT stablecoin

Binance USD (USDB) Is a digital dollar from the Binance cryptocurrency exchange. The stablecoin is released in partnership with the Paxos project and is approved and regulated by the New York State Department of Financial Services (NYDFS). USDB was launched last year as an alternative to the fiat dollar. Today, stablecoin is actively traded on the exchange, and can also be used as a payment asset in DeFi projects..

Neutrino USD (USDN) – algorithmic stablecoin backed by Waves’ own token. Unlike centralized fiat-backed stablecoins, USD-N is issued via a smart contract and backed by market makers. The capitalization of the asset exceeds $ 26 million. Recently, Waves announced the launch of two leveraged tokens: BTCUP (a long asset, the price of which increases with an increase in the BTC rate) and BTCDOWN (a short asset that grows with a fall in the BTC rate), which are traded in a pair with USDN.

TrueUSD (TUSD) – a stablecoin issued on the Ethereum platform by TrustToken. The platform partners with registered fiduciaries and banks that hold funds supporting TrueUSD tokens. The TrustToken project itself does not have access to funds. Stablecoin capitalization $ 507 million.

StableUSD (USDS) Is a TUSD clone that is also released on the Ethereum platform. The current supply of StableUSD is 90,000,508,161,47935, of which 540,530,02536011 are in circulation. Stablecoin is listed on 8 crypto exchanges. According to the developers, the funds that provide the value of the coin are stored in escrow accounts, and the team members themselves do not have access to them..

If you decide to buy USDT, Tether is the only stablecoin that has managed to secure its place in the top 10 most capitalized cryptocurrencies. Members of the crypto community have different attitudes towards … More, then we have collected for you the top 5 sites where you can do this.

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Top 5 alternatives to USDT stablecoin

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