小柏小柏
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Let me talk about stablecoins and the mainstream stablecoins on the Binance platform.
Q: Why does the market need stablecoins? 😶
A: In the early days of trading cryptocurrencies, the market was too volatile, so a cryptocurrency pegged to fiat currency was introduced to address the high volatility of traditional crypto assets. 😲
Q: Are stablecoins safe? How do they achieve price stability?
A: Stablecoins pegged to fiat currency are relatively safe. For each stablecoin issued (taking USDT as an example), the issuing company will reserve an equivalent amount of fiat currency in the bank and regularly disclose the company's audit status. 😊
Q: What do companies that issue stablecoins gain from it? 😲
A: The main source of income for companies issuing stablecoins comes from the interest earned on the equivalent reserves held in banks, bonds, which is a risk-free and lucrative return, attracting more and more companies to enter the stablecoin industry. 🤑
The most commonly purchased stablecoin in C2C transactions is USDT, which is a type of stablecoin issued by Tether Limited. It is the largest globally (accounting for about 63%) and has the highest recognition and lowest trading friction, but its reserve transparency is low and audits are infrequent. 😲
Another very common stablecoin is USDC, which accounts for about 25.4% of the market. Compared to USDT, it has higher compliance and is regulated by the New York State Department of Financial Services, making it preferentially supported by EU exchanges due to its compliance. 😃
Another common stablecoin is FDUSD, which is backed by Binance. It has strong liquidity in the Binance ecosystem and is widely recognized as a stablecoin. 🤑
In application scenarios, I recommend using USDT for C2C trading and market trading because it has the lowest friction. 😍
However, I also suggest holding USDC and FDUSD because these two coins can participate in Binance's launchpool activities to earn yields, which basically happens every month. Be aware that 👿 during the launchpool activities, the exchange rate of stablecoins may experience slight fluctuations, generally around three thousandths. You can exchange USDT for these two coins in advance or choose to hold them to avoid rate losses. 😊 Also, there are no trading fees for exchanging these three coins. 😄
#交易故事 #最近的一笔交易
Q: Why does the market need stablecoins? 😶
A: In the early days of trading cryptocurrencies, the market was too volatile, so a cryptocurrency pegged to fiat currency was introduced to address the high volatility of traditional crypto assets. 😲
Q: Are stablecoins safe? How do they achieve price stability?
A: Stablecoins pegged to fiat currency are relatively safe. For each stablecoin issued (taking USDT as an example), the issuing company will reserve an equivalent amount of fiat currency in the bank and regularly disclose the company's audit status. 😊
Q: What do companies that issue stablecoins gain from it? 😲
A: The main source of income for companies issuing stablecoins comes from the interest earned on the equivalent reserves held in banks, bonds, which is a risk-free and lucrative return, attracting more and more companies to enter the stablecoin industry. 🤑
The most commonly purchased stablecoin in C2C transactions is USDT, which is a type of stablecoin issued by Tether Limited. It is the largest globally (accounting for about 63%) and has the highest recognition and lowest trading friction, but its reserve transparency is low and audits are infrequent. 😲
Another very common stablecoin is USDC, which accounts for about 25.4% of the market. Compared to USDT, it has higher compliance and is regulated by the New York State Department of Financial Services, making it preferentially supported by EU exchanges due to its compliance. 😃
Another common stablecoin is FDUSD, which is backed by Binance. It has strong liquidity in the Binance ecosystem and is widely recognized as a stablecoin. 🤑
In application scenarios, I recommend using USDT for C2C trading and market trading because it has the lowest friction. 😍
However, I also suggest holding USDC and FDUSD because these two coins can participate in Binance's launchpool activities to earn yields, which basically happens every month. Be aware that 👿 during the launchpool activities, the exchange rate of stablecoins may experience slight fluctuations, generally around three thousandths. You can exchange USDT for these two coins in advance or choose to hold them to avoid rate losses. 😊 Also, there are no trading fees for exchanging these three coins. 😄
#交易故事 #最近的一笔交易
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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