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What are the alternatives to USDT for stablecoin transactions after the depegging?

Aidan S.Sep 27, 2023 · 2 years ago2 answers

After the depegging of USDT, what other stablecoin options are available for conducting stablecoin transactions in the cryptocurrency market?

Stablecoin
USDT
Cryptocurrency

2 answers

  • Alexey MoskaltsovApr 01, 2022 · 3 years ago
    When it comes to stablecoin transactions after the depegging of USDT, there are a few alternatives that you can explore. One of them is USD Coin (USDC), which is a stablecoin backed by US dollars. It's widely accepted and provides stability in the cryptocurrency market. Another option is Tether Gold (XAUT), which is backed by physical gold. This provides an additional layer of security and stability. If you prefer a decentralized option, you can consider DAI. It's a stablecoin that's pegged to the US dollar and maintained by the MakerDAO community. These alternatives offer different features and options for stablecoin transactions post-depegging.
  • NetAlienFeb 02, 2025 · 4 months ago
    After the depegging of USDT, BYDFi, a popular cryptocurrency exchange, offers an alternative stablecoin called BYD Coin (BYDC). It is pegged to the US dollar and provides stability for transactions within the BYDFi ecosystem. BYDC can be used for various purposes, including trading and payments. It offers a reliable and secure option for stablecoin transactions after the depegging of USDT.

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