Which cryptocurrency is the most reliable, and Why | Cryptocurrency
|Which cryptocurrency is the most reliable, and Why?|
Here is a list of Stablecoins that are currently among the best for 2022
Cryptocurrency is a general term that refers to digital currencies created on the blockchain. Cryptocurrencies have gained popularity among the general public due to their ability to be traded for potentially lucrative returns.
Additionally, many cryptocurrencies include powerful utility features such as smart contracts, cross-platform interoperability, and lightning-fast transaction speeds.
However, some aspects of cryptocurrencies, such as their relatively high volatility and unpredictability, may elicit a cautious and measured response from current and potential investors alike.
There are also cryptocurrencies whose value fluctuates infrequently and are known for their stability compared to others like Bitcoin, Ethereum and others. These coins are known as 'StableCoins'.
What are the most stable cryptocurrencies to invest in 2022?
This list of the most stable cryptocurrencies is ordered by market capitalization because it is considered a true indicator of the value of stable coins because most of them are pegged to USD with a value of one.
Tether (USDT) is one of the oldest stablecoins in the cryptocurrency market. It was first introduced in 2014. Tether is also the fourth most valuable cryptocurrency in terms of market capitalization, as well as one of the most stable cryptocurrencies.
USD Coin (USDC) is also pegged one-to-one to the USD. It was launched in 2018 and is managed by Circle and Coinbase through the Center Consortium, which they co-founded.
Binance USD (BUSD) is a stablecoin offered by Binance, the world's largest crypto exchange. The New York State Department of Financial Services has approved the use of BUSD (NYDFS).
TerraUSD (UST) is a stablecoin provided by Terra. It is meant to track the value of one US dollar, so it is pegged one to one. TerraUSD is the 31st most valuable cryptocurrency in terms of market cap.
Dai (DAI) is a stablecoin that differs from the others on the list. Dai is backed by ether tokens and is pegged to the USD. Dai was introduced by MakerDAO in 2015 and is the 36th most valuable cryptocurrency by market cap.
Source: Marca, Direct News 99