$USDC Continuing with the previous post, I will expand a little on the topic of stable coins ๐ช
โ๏ธ In the realm of cryptocurrencies, stablecoins allow for value preservation and transactions. That is, by maintaining currency parity, they ensure the stability of value during transactions. Here are some linked to the US dollar in a 1=1 ratio.
๐ฏ $USDT (Tether): One of the oldest and most popular stablecoins, backed by dollar reserves. Although it has been criticized for lack of transparency, it is still widely used in trading.
๐ฏ $USDC (USD Coin): Also maintains a 1:1 parity with the dollar. It stands out for its transparency, as its reserves are in regulated bank accounts and are audited by third parties.
๐ฏ $FDUSD (First Digital USD): A newer option that seeks to be an alternative to other stablecoins, backed by dollar assets and supported by Binance, although its adoption is limited compared to USDT and USDC.
๐ฏ $USD1: Another stablecoin that seeks to maintain a value of 1:1 with the dollar, although its backing and audits are less clear than those of USDC.