Stablecoins have carved a unique space in the world of cryptocurrencies. Pegged to stable assets, they act as a refuge during the market’s tumultuous swings. Presenting the world’s six largest stablecoins by market capitalizations according to Bankrate.com:
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Tether (USDT): USDT is the titan of stablecoins, leading the way with the highest market cap. Its value is pegged one-to-one to the US Dollar.
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USD Coin (USDC): Jointly powered by Circle and Coinbase, USDC has fast gained traction in the crypto market.
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Binance USD (BUSD): A product of a partnership between the world’s largest crypto exchange, Binance, and Paxos, BUSD marks its place at number three.
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Diem (formerly Libra): Facebook changes the fuel of this coin. Designed to be tied not to one but a basket of international fiat currencies, Diem is an upcoming force.
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TrueUSD (TUSD): TrustToken’s TrueUSD is renowned for its transparency as every TUSD is backed by one USD held in escrowed bank accounts.
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Paxos Standard Token (PAX): Having received the approval from the New York State Department of Financial Services, PAX is the first regulated stablecoin. Read More
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