Is Binance coin a stablecoin?

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.

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 .

The current price is $1.000098 per USDP . USDP Stablecoin is 44.44% below the all time high of $1.80.