Stablecoins 101 đȘ USDT, USDC, DAI, USD1, FDUSD
Explained New to stablecoins?
Let me break it down for you.
Stablecoins are crypto tokens that stay close to $1. They're like the cash of crypto, you use them to trade, save, or move money around without the crazy price swings.
Here's what you need to know about the big ones:
đȘ USDT (Tether) - The oldest and biggest. Most trading pairs use it. Some people worry about their reserves, but it's everywhere.
đȘ USDC - Run by Circle and Coinbase. Very transparent with monthly audits. Popular in the US.
đȘ DAI - The decentralized one. No company controls it - just smart contracts. Backed by crypto collateral.
đȘ USD1 - Newer player focusing on compliance and transparency. Still growing.
đȘ FDUSD - First Digital's stablecoin. Getting more popular on exchanges, especially in Asia.
Which one should you use? Depends on what you're doing.
Trading? USDT has the most pairs. Want transparency?
USDC. Like decentralization? DAI.
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