Just got into cryptotrading, and now I see that binance has multiple stable coins. I get the basic idea of the stable coin mimicing the value of USD, but I don’t understand the nuances between each coin. As a trader does one offer a benefit over the other?

Thanks


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Posted in Binance Reddit

11 Comments

  1. warche1 on 18. January 2020 at 2:34

    Some are backed by institutions considered shadier than others (Tether vs Coinbase for example) but at the end of the day most people just pick the one with the most liquidity on the pair they’re trading.

     


  2. SrirachaPeass on 18. January 2020 at 2:34

    Usdt. Looks like usdt fud campaign has died out.

     


  3. ChantellVeloz on 18. January 2020 at 2:34

    DAI is the best hands down

     


  4. raptorboy on 18. January 2020 at 2:34

    Bitcoin

     


  5. janeprotag on 18. January 2020 at 2:34

    DAI right now seems to be the best option

     


  6. kristinawesley on 18. January 2020 at 2:34

    recommend DAI

     


  7. AntoniaDavis on 18. January 2020 at 2:34

    You need to more about stable coins, to attend our webinar ” Stable Coins: Currency for a Digitized World “. In this webinar, Shaan, our blockchain SME, will discuss how fiat-backed stable coins are well-equipped to help users transition seamlessly from a solely fiat-driven economy to a more modern and stable global economy.

    To Register, [https://meeting.zoho.in/meeting/register?sessionId=1337779984](https://meeting.zoho.in/meeting/register?sessionId=1337779984)

    You can ask any doubts related on stable coins.

     


  8. jodaltz on 18. January 2020 at 2:34

    USDT or DAI

     


  9. exchangeinfees on 18. January 2020 at 2:34

    Go for DAI or USDT.

     


  10. everydayiamhodling on 18. January 2020 at 2:34

    If you are in the US, I recommend USDC. You can easily send USDC to CoinbasePro, convert to USD and send it back to your bank account in 1 business day.

    Although I have not tested, it seems you can do the same thing with BUSD and [Binance.US](https://www.binance.us/?ref=35008064) pair.

     


  11. [deleted] on 18. January 2020 at 2:34

    [deleted]