$USDC
Main stablecoins linked to the US Dollar
1. Tether (USDT) Symbol: USDT Issuer: Tether Limited
• Fully backed by the US Dollar with a reserve of $118.4 billion as of 2024.
• It is the most used for daily trading and supports multiple networks.
2. USD Coin (USDC) Symbol: USDC
Issuer: Circle (in collaboration with Coinbase via Centre)
• Backed 1:1 by the US Dollar.
• Widely used in decentralized finance (DeFi) and operates on multiple networks.
3. TrueUSD (TUSD) Symbol: TUSD
• Issuer: ArchBlock (formerly TrustToken)
• Fully backed by the US Dollar.
• Used in trading and payments.
4. Pax Dollar (USDP) Symbol: USDP
• Issuer: Paxos
• Fully backed by the US Dollar.
• Used in payments and decentralized finance and operates on networks.
5. PayPal USD (PYUSD) Symbol: PYUSD
• Issuer: PayPal (in collaboration with Paxos)
• Fully backed by the US Dollar.
• Used in payments via the PayPal platform and operates on networks.
Other stablecoins linked to the US Dollar
Dai (DAI) Symbol: DAI Issuer: MakerDAO
• Backed by a variety of digital assets including Ethereum and USDC.
• Used in decentralized finance (DeFi)
Binance USD (BUSD)
• Symbol: BUSD Issuer: Binance (in collaboration with Paxos)
• Fully backed by the US Dollar.
• Features: Used in trading on the Binance platform and operates on multiple networks.
Ethereum
• Binance + Smart pay