Top Stablecoins to Know

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Stablecoins to Know

Stablecoins are a type of cryptocurrency meant to be "pegged" to or closely match the value of another currency or financial asset — like the U.S. dollar or gold — to stabilize its pricing in the cryptocurrency market. True to their name, stablecoins are intended to be a stable crypto option to invest in, especially when compared to currencies that can have high volatility, like Bitcoin or Ether.

Although stablecoins only make up a portion of the larger crypto market, they are popular among people who want to participate in the decentralized finance system.

To maintain the prices of stablecoins, some issuers claim to have dollars or other physical assets that are equal to the total volume of stablecoins issued. For others, they may use an algorithmic method to automatically encourage the sale of coins to regulate their value relative to the dollar.

TOP STABLECOINS TO KNOW
Tether (USDT)
USD Coin (USDC)
Dai (DAI)
Binance USD (BUSD)
TrueUSD (TUSD)
Frax (FRAX)
Pax Dollar (USDP)
Liquity USD (LUSD)
As with any other cryptocurrency investment, even stablecoins can be volatile and susceptible to bugs, errors and loss. So be sure to only use crypto exchanges and crypto wallets that are secure, and to manage your finances responsibly.

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