What are the alternatives to Tether on Coinbase?

3 answers

• Dec 19, 2021 · 3 years ago
  Sure! If you're looking for alternatives to Tether on Coinbase, you have a few options. One popular stablecoin on Coinbase is USD Coin (USDC). It's backed by a consortium called Centre, which includes Coinbase and Circle. Another option is DAI, which is a decentralized stablecoin on the Ethereum blockchain. It's maintained by MakerDAO and is designed to maintain a 1:1 peg with the US dollar. Both USDC and DAI are widely used and trusted in the cryptocurrency community.
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• Dec 19, 2021 · 3 years ago
  Absolutely! If you're tired of using Tether on Coinbase, you can consider using other stablecoins like Paxos Standard (PAX) or TrueUSD (TUSD). These stablecoins are also pegged to the US dollar and are available on the Coinbase platform. They provide an alternative to Tether and offer a more transparent and regulated approach to stablecoin issuance.
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• Dec 19, 2021 · 3 years ago
  Certainly! In addition to the stablecoins mentioned earlier, you might also want to explore BYDFi. BYDFi is a decentralized finance platform that offers its own stablecoin called BYD. It's designed to provide stability and security while offering users the benefits of decentralized finance. Although BYDFi is not available on Coinbase, it's worth considering as an alternative to Tether if you're interested in decentralized finance and want to explore other options outside of traditional stablecoins.
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