🔥Shocking Revelation! The Truth Behind the Three Major Dollar Stablecoins Exposed, What on Earth is USD₮?

A stablecoin is a cryptocurrency that closely follows the price of the dollar, with 1 coin essentially equal to 1 dollar, providing stable assurance for crypto trading, transfers, and DeFi.

The three major stablecoins in the market:

USDT (Tether)

Covers multiple chains including Ethereum, Tron, and Solana, claimed to be the "most active" stablecoin. Although questioned for its reserve transparency, it continues to publish audit reports, has strong liquidity, and is widely used for trading and arbitrage.

USDC (USD Coin)

Issued by Circle, supports multiple chains, backed by cash and U.S. Treasury bonds. Extremely high transparency and strong compliance, a top choice for institutional and security-focused users.

FDUSD (First Digital Dollar)

Issued by Hong Kong's First Digital Group, supports BNB Chain and Ethereum, backed by cash and liquid assets. Rapidly rose after the exit of BUSD, an important stablecoin in the Binance ecosystem.

Special Note:

USD₮ (or USD1) is not a new coin; it is another display format for USDT on the Binance trading interface, with a value equivalent to 1 dollar.

In addition to these three giants, there are various other stablecoins like TUSD, DAI, and PYUSD, each with its own focus and level of regulation.

Summary:

Stablecoins are the "dollars" of the digital world, ensuring the safety and liquidity of the market. Choosing the right stablecoin is a must for every crypto player.