$USDC #USStablecoinBill Popular US-Dollar-Pegged Stablecoins:

1. USDT (Tether)

Most widely used stablecoin

Backed by reserves (claims to include cash, bonds, etc.)

Issued by Tether Limited

2. USDC (USD Coin)

Backed 1:1 with cash and short-term U.S. Treasury bonds

Issued by Circle and Coinbase (Centre Consortium)

Regarded as more transparent than USDT

3. DAI

Decentralized stablecoin created by MakerDAO

Collateralized by other crypto (mainly ETH and USDC)

Peg maintained via smart contracts and incentives

4. FDUSD (First Digital USD)

Backed by cash and equivalents

Issued in Hong Kong but USD-pegged

Growing in popularity on Binance

5. TUSD (TrueUSD)

Fully collateralized, attested by third-party firms

Less volume compared to USDT/USDC

Was used heavily on Binance in 2023–2024

Key Uses of USD Stablecoins:

Trading pair for crypto assets (BTC/USDT, ETH/USDC)

Yield farming and staking in DeFi protocols

Cross-border payments and remittances

Safe haven during crypto volatility