Stablecoins have grown to become a crucial part of the crypto space. In this video, we explain all about stables, their use cases, different types of stablecoins, and their comparison versus CBDC! Let’s talk stables!
Links mentioned:
Explore stablecoins here:
USDC & 4 use cases –
Tether –
USDC –
Binance USD –
DAI –
Timestamps:
00:00 Intro
00:38 What are stablecoins?
01:20 Types of stablecoins
03:48 What are stablecoins used for?
05:21 Tether
06:12 USDC
06:30 Binance USD
06:45 Terra USD
07:01 DAI
07:14 Is stablecoin a good investment?
08:26 How to buy stablecoins?
08:44 Central Bank Digital Currency (CBDC)
09:58 Conclusion
Follow us!
Website:
Twitter:
Instagram:
TikTok:
Telegram:
#Stablecoin #Crypto #CBDC #Tether #USDC #BUSD #DAI #UST
Has anything already gone better than Tether?
TERRA USD ?
This buttresses what I learnt on Boxmining's YT channel, it's important to still do your own research.
I would put Tether among the best stablecoins
Nice content!!
I can name one of the best and the one I use more often – usdt.
Reserve Protocol stablecoin
Reserve Protocol stablecoin
Tether is definitely the best right now, the rest are just catching up
I see a lot of controversy around stable coins now, but for me Tether is still the most reliable and profitable option.
What about new stablecoins like MXNT?
A good guide to stablecoins, you are doing the right thing by putting Tether in the foreground
It seems that almost all of these stablecoins are on my Bitfinex wallet.
seeing what happened to terra
i recommend people who are keeping their assets in stablecoin to use different types of stablecoins = USDC, USDT, DAI and BUSD and even some BTC
I wish there was a stable coin that just stayed consistent in value throughout time unaffected by inflation.
After so many years, but the leader of stablecoins is one and this is Tether
I stopped taking anything seriously besides Tether
Is it possible to choose something else from stablecoins besides USDT?
MXNT can definitely become one of the most popular stablecoins.
With my years on the crypto space, I made the wrong choice using USDC. I researched about it and after I knew that they were unaudited, I stayed away from it to prevent unecessary risks!
I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING…I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
I'm not sure about the best, but MXNT is one of the most promising
What about :
Let's say bianance "as company or broker…" fail and files for bankruptcy what is the Cons on BUSD token ?
If btc fall from 20k to 10k what the effect on WBTC ??
Can anyone help me to understand this questions😅?
Well, if we talk about the best, then of course Tether.
With the best it is clear, but what about such as gbpt?
How does the price know it’s collaterised they could lie
You know which coin is the best. But MXNT is one of the most promising at the moment.
I prefer gbpt now. What do you think about this stablecoin?
Look at the top among stablecoins – tether.
USDFX stable coin much better.
If you are not satisfied with the coins that are in the top, then choose GBPT, which is only gaining popularity now.
The most important thing to know is just use usdt because it has more pairs with other coins.
I use USDT, I would be sad if I found out anything bad about them
And yet, for obvious reasons, usdt is used more often.
@7:55 “what can stable coins buy you… we’ll it’s kind of like buying a brick with cash 💰”😂😂😂 great representation
Excellent explanation! Stablecoins are an excellent innovation for the DeFi ecosystem
They are for daily transactions and a digital bank in cyberspace has the same rules as a bank and can be frozen