Which stablecoin is the third largest in terms of market capitalization?

3 answers

• Nov 28, 2021 · 3 years ago
  Tether (USDT) is currently the third largest stablecoin in terms of market capitalization. It has gained widespread adoption due to its stability and liquidity. USDT is pegged to the US dollar, which means that its value is designed to remain relatively stable. This makes it a popular choice for traders and investors who want to hedge against market volatility. Additionally, USDT is widely supported by various cryptocurrency exchanges, making it easily accessible for users to trade and transact with. Overall, USDT has played a crucial role in the cryptocurrency market as a reliable and widely accepted stablecoin.
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• Nov 28, 2021 · 3 years ago
  The third largest stablecoin in terms of market capitalization is USD Coin (USDC). USDC is an ERC-20 token that is pegged to the US dollar on a 1:1 basis. It is backed by a consortium called Centre, which includes Coinbase and Circle. USDC has gained popularity due to its transparency and regulatory compliance. It is audited regularly to ensure that the amount of US dollars held in reserve matches the number of USDC tokens in circulation. USDC is widely supported by various cryptocurrency exchanges and has become a popular choice for traders and investors who want to transact with a stable and regulated digital asset.
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• Nov 28, 2021 · 3 years ago
  According to the latest data, the third largest stablecoin in terms of market capitalization is BUSD (Binance USD). BUSD is a stablecoin issued by Binance in partnership with Paxos. It is pegged to the US dollar on a 1:1 basis and is regulated by the New York State Department of Financial Services. BUSD offers fast and low-cost transactions on the Binance platform, making it a convenient choice for users who want to trade and transact with a stable digital asset. It is widely supported by various cryptocurrency exchanges and has gained significant popularity among users.
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