#StablecoinPayments Here’s a list of widely used stablecoins for payments, including their key details:
1. USDT (Tether)
Blockchain support: Ethereum (ERC-20), Tron (TRC-20), Solana, Binance Smart Chain, etc.
Peg: 1:1 to USD
Pros: High liquidity, widely accepted, low fees (especially on Tron)
Cons: Centralization concerns; issuer transparency questioned in the past
2. USDC (USD Coin)
Blockchain support: Ethereum, Solana, Avalanche, Algorand, and more
Peg: 1:1 to USD
Pros: Backed by audited reserves; trusted by institutions
Cons: Slightly fewer integrations than USDT in some ecosystems
3. DAI (MakerDAO)
Blockchain support: Ethereum and compatible chains
Peg: Soft peg to USD via over-collateralization
Pros: Decentralized; no single issuer
Cons: Can lose peg under extreme conditions
4. BUSD (Binance USD) – Note: Being phased out in 2024–2025
Peg: 1:1 to USD
Pros: Was widely used on Binance ecosystem
Cons: Regulatory pressure led to its discontinuation
5. PYUSD (PayPal USD)
Blockchain: Ethereum (ERC-20)
Peg: 1:1 to USD
Pros: Backed by PayPal; designed for consumer payments
Cons: Newer, less widely accepted
6. TUSD (TrueUSD)
Peg: 1:1 to USD
Pros: Real-time reserve attestations
Cons: Lower adoption compared to USDT/USDC
