What alternatives are available for users as Tether phases out their own coins?

3 answers

• May 07, 2022 · 3 years ago
  Users have several alternatives to Tether as it phases out its own coins. One popular option is USD Coin (USDC), which is backed by a consortium of companies and regulated by the US government. Another option is Dai, a decentralized stablecoin that is collateralized by other cryptocurrencies. Additionally, TrueUSD (TUSD) and Paxos Standard (PAX) are also viable alternatives. These stablecoins provide users with the stability of a traditional currency while still operating on the blockchain.
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• May 07, 2022 · 3 years ago
  If you're looking for a stablecoin alternative to Tether, you might consider Gemini Dollar (GUSD). It's issued by Gemini, a regulated cryptocurrency exchange, and is backed by US dollars held in a bank. Another option is Binance USD (BUSD), which is issued by Binance, one of the largest cryptocurrency exchanges. Both GUSD and BUSD offer users a transparent and regulated alternative to Tether.
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• May 07, 2022 · 3 years ago
  As Tether phases out its own coins, users can turn to BYDFi, a decentralized finance platform that offers stablecoins backed by a basket of cryptocurrencies. BYDFi's stablecoins provide users with the stability they need while also offering the benefits of decentralization and transparency. With BYDFi, users can have confidence in the stability and security of their stablecoin holdings.
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