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Apart from USDC & USDT, is their any other stable coins you know about??
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[QUOTE="Jasmine, post: 233345, member: 49159"] There are numerous stable coins, if you check coin market cap, you will see 5 stable coins in the list. Apart from USDC and USDT, there are other stable coins like BUSD and DAI. BUSD is a stablecoin from Binnce. Its value is pegged with USD and remains $1 always. Most of the stabke coins are owned by private organizations, however, DAI is a decentralized crypto currency. Just like other stable coins DAI was created to minimize the market risk. DAI is used for decentralized markets like decentralized insurance decentralized money market, decentralized lending platforms etc. I have ever used DAI, however, I know the importance of DAI in the crypto market. I have also used BSUD. When I cannot find the pair I want to trade on Binance, I usually convert to BUSD and trade with the currency of my choice. I have also used USDT. However, I have never used USDC. There is another stable coin called TeraUSD or UST. I have never tried this stable coin. USDT is the most popular stable coin, it is third crypto by marrket cap. Currently USDC is 5th crypto coin by market cap. BSUD ranks 13th, UST ranks 14th and DAI ranks 19th. [/QUOTE]
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Apart from USDC & USDT, is their any other stable coins you know about??
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