1) Tether (USDT) Tether is the largest and most well known stablecoin in the crypto market, with a total market cap of $77.5 billion USD ($107.9 billion AUD). Tether is available on 428 exchanges, making it the most widely-available stablecoin for investors to use.
Read moreIs Binance coin a stablecoin?
Stablecoins’ market value is pegged to the value of a “stable” reserve asset like the US dollar or gold. For example, Binance USD (BUSD), USD Coin (USDC) and Tether (USDT), are all backed on a 1:1 basis with the US Dollar .
Read moreWhat is the price of stablecoin today?
The current price is $1.000098 per USDP . USDP Stablecoin is 44.44% below the all time high of $1.80.
Read moreWhat is the use of stablecoins?
The primary use for a stablecoin is facilitating trades on crypto exchanges . Instead of buying bitcoin directly with fiat currency, like the US dollar, traders often exchange fiat for a stablecoin — and then execute a trade with the stablecoin for another cryptocurrency like bitcoin or ether.6 Ara 2021
Read moreHow do you invest in stable coins?
To buy stablecoins you’ll need an account with a crypto exchange or a digital wallet where you can buy crypto directly . Some services may not be available in all locations, so be sure to check whether the options you want are available where you live.
Read moreCan you buy stablecoin on Binance?
At Binance, we offer a suite of products to suit your financial needs. For crypto investors, you can choose to buy stablecoins such as Binance USD (BUSD) and earn compound interest via Binance Earn. Learn how to do so here. In addition, you can make recurring purchases for USDT, BUSD via Recurring Buy.
Read moreWhy should I buy stablecoin?
Stablecoins are useful because they allow people to transact more seamlessly in cryptocurrencies that function as investments , such as Bitcoin or Ethereum. They form a bridge between volatile cryptocurrencies and stable real-world assets, like fiat.2 Şub 2022
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