Skip to main content

The top 3 stablecoins in 2022

 


Stablecoins are an extremely interesting development in the crypto market in recent years. While cryptocurrencies initially wanted to offer a pure alternative to FIAT currencies through the blockchain and wanted to free themselves from their rates, stablecoins later developed, which mapped the rates of FIAT currencies. What are the top 3 stablecoins in 2022?


What are stablecoins and what are their uses?

Stablecoins are digital currencies that are based on the blockchain but are tied to the real value of a FIAT currency or other asset outside of the crypto world. This can be currencies such as US dollars, euros or the British pound. However, these can also be precious metals such as gold or other assets.


Bitcoin course

So if a stablecoin is pegged to the value of the US dollar, then the value of that stablecoin is equal to the value of one US dollar at any given time. This means that stablecoins are "stable" in the sense that they adjust their value to the FIAT currency. However, they are of course subject to fluctuations in the value of this FIAT currency, for example due to inflation or deflation.


By being linked to the respective FIAT currency, a stablecoin should not be subject to any volatility, as is the case with "normal" cryptocurrencies such as Bitcoin or Ethereum. These fluctuate in value very strongly against the dollar, euro and co. This stability makes trading on crypto exchanges extremely easy. This is how investors can convert their FIAT currencies into stablecoins. As a result, they benefit from the decentralization of the blockchain, but also retain value. Furthermore, this facilitates trading with "real" cryptocurrencies.


In terms of market capitalization, stablecoins are now among the most valuable cryptocurrencies on the market. Among the top 11 cryptocurrencies in 2022 are the top 3 stablecoins. Which are they?


Stablecoin #1: What is Tether (USDT)?

The first and at the same time the most well-known stablecoin on the crypto market. The coin was founded in 2014. Most crypto exchanges trust tether as their primary trading asset with major cryptocurrencies like Bitcoin, Ethereum, and Cardano. Tether is one of the most used stablecoins in 2022 and has a market capitalization of over $80 billion (as of 3/8/2022). This makes Tether the third largest cryptocurrency after Bitcoin and Ethereum according to market cap.



Stablecoin number 2: What is the USD Coin (USDC)?

The USD coin has also existed for 4 years now . It is also one of the most accepted stablecoins in 2022 and is used by most crypto exchanges worldwide. It is also well below the cryptocurrencies with the highest market cap. The market cap is over $52.5 billion as of 3/8/2022, which ranks USDC 5th on Coinmarketcap.

Stablecoin #3: What is Binance USD (BUSD)?

Binance USD is the proprietary stablecoin of the world's largest crypto exchange, Binance. With the Binance Coin (BNB), Binance has already created the fourth largest cryptocurrency by market capitalization. Its own stablecoin Binance USD is one of the 3 largest stablecoins in 2022 and among the top 11 of all cryptocurrencies by market capitalization. The BUSD is now accepted by almost all major crypto exchanges. At Binance, it offers the advantage of not incurring any fees. The market capitalization is almost $18 billion (as of 3/8/2022).


Binance

Which stablecoins are still interesting in 2022?

The list of stablecoins is now almost endless. However, we would like to mention one particularly interesting stablecoin.


The TerraUSD (UST) is the stablecoin of the Terra ecosystem. Terra (LUNA) is one of the most up and coming cryptocurrencies of the last few weeks and months. You can read more about Terra and its possible rise to become one of the most important cryptocurrencies in this article . Most recently, Terra raised more than $1 billion with a foundation for the progressive integration of the UST into the Terra ecosystem. 


Earth Moon

The TerraUSD (UST) already has a market cap of around 13.8 billion (as of 03/08/2022) and could soon rise to become one of the top 3 stablecoins in 2022 with the increasing importance of Terra (LUNA) in the crypto market.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more