Major Stablecoins Pegged to the US Dollar

1. Tether (USDT) Symbol: USDT Issuer: Tether Limited

• Fully backed by the US dollar with a reserve of 118.4 billion USD 2024.

• The most used for daily trades and supports multiple networks.

2. USD Coin (USDC) Symbol: USDC

Issuer: Circle (in collaboration with Coinbase via Centre)

• Backed 1:1 by the US dollar.

• Widely used in decentralized finance (DeFi) and operates on multiple networks.

3. TrueUSD (TUSD) Symbol: TUSD

• Issuer: ArchBlock (formerly TrustToken)

• Fully backed by the US dollar.

• Used in trades and payments.

4. Pax Dollar (USDP) Symbol: USDP

• Issuer: Paxos

• Fully backed by the US dollar.

• Used in payments and decentralized finance and operates on networks.

5. PayPal USD (PYUSD) Symbol: PYUSD

• Issuer: PayPal (in collaboration with Paxos)

• Fully backed by the US dollar.

• Used in payments via the PayPal platform and operates on networks.

Other Stablecoins Pegged to the US Dollar

Dai (DAI) Symbol: DAI Issuer: MakerDAO

• Backed by a variety of digital assets including Ethereum and USDC.

• Used in decentralized finance (DeFi)

Binance USD (BUSD)

• Symbol: BUSD Issuer: Binance (in collaboration with Paxos)

• Fully backed by the US dollar.

• Features: Used in trades via the Binance platform and operates on multiple networks Ethereum

• Binance + Smart pay

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