#StablecoinPayments

Do you know about the creation of Stablecoins?

We know that the most used among all is $USDC, but nothing prevents us from knowing the others, right?

Stablecoins are stable currencies.

👉🏻(Stable = stable | Coin = Currency)

They are based on the value of real currencies, such as the Dollar 💲, Euro 💶, BRL 🇧🇷 among others.

The content posted here aims to bring knowledge.

'Stablecoins' are fundamental to the world of Cryptocurrencies. This refers to the high volatility of prices.

The needs they prioritize in meeting and maintaining are:

✅ - Price stability;

✅ - Facilitate international payments and transfers;

✅ - Ensure that countries with unstable currencies have access to digital Dollar

(referring to the high inflation of some countries, this is the best option);

🌎Some examples:

🟡 💲USDC (USD Coin) - Issued by Circle, matching its value to the US dollar;

🟡 💲USDT (Tether) - The most widely used globally, matching its value with the US dollar;

🟡 💲DAI - Decentralized issued by the protocol (MakerDao);

🟡 💲BUSD (Binance USD) - Issued in partnership with Binance, not issued since 2023, still in circulation with a limited amount;

🟡 💲TUSD (True USD) - Matching its value with the dollar. Its audits are regular and transparent;

🟡 💲FDUSD (First Digital USD) - Gained prominence on Binance. Created by the company First Digital Trust Limited, a financial technology company, its headquarters is located in Hong Kong;

🟡 💲PYUSD (PayPal USD) - A partnership between PayPal and the issuer Paxos.

Its use is practical and focused on digital payments;

Although there are many 'Stablecoins', the most used currently are: USDT and USDC.