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Which stablecoins have gained popularity among cryptocurrency investors?

avatarAdithya Kumar HDec 18, 2021 · 3 years ago3 answers

Among the various stablecoins available in the cryptocurrency market, which ones have gained significant popularity among investors?

Which stablecoins have gained popularity among cryptocurrency investors?
Cryptocurrency
Stablecoins
Investors

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Tether (USDT) has emerged as one of the most popular stablecoins among cryptocurrency investors. Its widespread adoption can be attributed to its long-standing presence in the market and its ability to maintain a 1:1 peg with the US dollar. Many traders and exchanges rely on USDT for its liquidity and stability.
  • avatarDec 18, 2021 · 3 years ago
    Another stablecoin that has gained popularity is USD Coin (USDC). It is backed by Coinbase and Circle, two well-known companies in the cryptocurrency industry. USDC has gained trust among investors due to its transparency and regular audits, which provide assurance about the stability of the coin.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, has seen an increasing interest in stablecoins among its users. Stablecoins like Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) have gained popularity among BYDFi traders due to their ability to hedge against market volatility and provide a stable store of value.

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