Stablecoins are pillars in the crypto ecosystem: they facilitate trading, secure investments, and access to DeFi. After discussing security and two classic stablecoins, we explore other options listed on Binance that could be *your next financial tool*.
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#### **🔍 Categories of Stablecoins: What backs them?**
1. **Fiat-Collateralized (1:1 with fiat currencies)**:
- Examples: **TUSD**, **FDUSD**, **USDP (Pax Dollar)**.
2. **Crypto-Collateralized (backed by other cryptos)**:
- Star example: **DAI** (collateralized with ETH and other assets).
3. **Algorithmic (without physical collateral)**:
- Less common on Binance due to their risk (e.g., the collapse of UST), but relevant in other ecosystems.
4. **Backed by commodities (gold, oil)**:
- Less frequent, but emerging on specialized platforms.
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### **🚀 Stablecoins You Should Know**
#### **1. **TrueUSD (TUSD)****
- **Backing**: 1:1 with dollars, audited in real time.
- **Advantage**: Extreme transparency. Ideal for those who distrust opacity in USDT.
- **On Binance**: High trading volume and pairings with BTC/ETH.
#### **2. **First Digital USD (FDUSD)****
- **New**: Launched in 2023 and promoted by Binance to gradually replace BUSD.
- **Backing**: Guaranteed by First Digital Trust (Hong Kong).
- **Attractiveness**: Low fees and rapid adoption growth.
#### **3. **DAI (MakerDAO)****
- **Decentralized revolution**: Backed by crypto assets (not by physical dollars).
- **Advantage**: Self-governed by the community. Perfect for DeFi users.
- **On Binance**: Available in liquidity pools and staking.
#### **4. **Pax Dollar (USDP)****
- **Regulated backing**: Issued by Paxos, approved by NYDFS.
- **Focus**: Regulatory compliance and institutional security.
#### **5. **Gemini Dollar (GUSD) and Paxos Standard (PAX)***
- **Monthly audits**: Attract institutional investors.
- **On Binance**: Less volume than TUSD or FDUSD, but with advantages in transparency.
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### **⚠️ Stable... but risky?**
- **Algorithmic**: Although Binance lists few, let's remember the lesson from UST: always research their mechanism.
- **Regulation**: Projects like **USDP** and **FDUSD** stand out for complying with global standards, reducing risks.
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### **✅ How to Choose Your Ideal Stablecoin?**
1. **Transparency**: Do they publish audits? (TUSD and GUSD lead).
2. **Use case**: Quick trading? Opt for FDUSD or TUSD. DeFi? Choose DAI.
3. **Liquidity**: Check volumes on Binance (USDT is still king, but FDUSD is growing).
4. **Regulation**: If you prioritize legal security, USDP and FDUSD are strong.
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### **🔮 Future Trends: CBDCs and More**
Binance may soon list **central bank stablecoins (CBDCs)**, such as the Digital Euro or e-CNY. Stay tuned!
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### **🎯 Conclusion: Diversify and Reduce Risks**
Not all stablecoins are the same. Combine centralized options (TUSD, FDUSD) with decentralized ones (DAI) to balance security and flexibility.
