Whats is the most stable coin?

[Gogol]

Gold, j/k

When you create assets out of thin air, and/or peg it with fiat, it can go bad anytime (think about a greedy owner for example). So, umm.. nothing.

That said, busd looks solid rn. I have stopped with usdt a few months back, and i am only using busd. The reason is simple. Binance is too big to get away with stealing everything. The day it does that, crypto scene will change forever.

 

[freeax]

Tether has a problem with real US dollars backing of USDT token

 

[N1ckG2]

Cash coins in my hands

Ok seriously, probably USDC.

USDT is okay, but theres lots of... Theres some mud being thrown at it and conspiracies and this that the other, so may be its not the most stable one.

USDT is a well known scam made by butfinex. They always print new coins on a scale. Gov keep quiet for a reason I bet.

 

[freeax]

USDT is a well known scam made by butfinex. They always print new coins on a scale. Gov keep quiet for a reason I bet.

I fully agree, so I keep money only in fiat.

 

[Enlightened Orangutan]

Usdc is audited

 

[Gogol]

Usdc is audited

Audited for what and by whom?

You mean they audit the smart contract behind it?

 

[freeax]

Usdc is audited

Of course, but If you decide to keep money in crypto, insteead of fiat, USDC is a great choice !

 

[Enlightened Orangutan]

Audited for what and by whom?

You mean they audit the smart contract behind it?

Accounting companies do this job. They check whether they have cash reserve or not. One more thing, you cant move liquid money from bank through smart contract. Probably circle will buy back if the pegging fail.

 

[Gogol]

Accounting companies do this job. They check whether they have cash reserve or not. One more thing, you cant move liquid money from bank through smart contract. Probably circle will buy back if the pegging fail.

You did not answer my question. Hell yeah i know how audits work. I am a core team member and a developer of a cryptocurrency that is doing new things these days. Answer me what I asked please.

ps, accounting companies don’t audit smart contracts.

 

[freeax]

Audited for what and by whom?

You mean they audit the smart contract behind it?

https://www.sec.gov/Archives/edgar/data/0001824301/000121390021036070/ea143875ex99-6_concordacq.htm

 

[Enlightened Orangutan]

You did not answer my question. Hell yeah i know how audits work. I am a core team member and a developer of a cryptocurrency that is doing new things these days. Answer me what I asked please.

ps, accounting companies don’t audit smart contracts.

Do you know who is backing circle? If you know you wont say this! They publish monthly audit report. You can find it and the company name if you spare some time

 

[Gogol]

Do you know who is backing circle? If you know you wont say this! They publish monthly audit report. You can find it and the company name if you sapre some time

I don’t deal with usdc to be honest, and it was a real question.

If law agencies audit them, it can be trusted a bit more. If it is just sc audit, it means no shit ultimately.

https://www.sec.gov/Archives/edgar/data/0001824301/000121390021036070/ea143875ex99-6_concordacq.htm

That’s like a proper answer lol. Will look into it. Thanks!

 

[Enlightened Orangutan]

Even blackrock and fidelity have investments in circle.

 

[jokerpablo01]

Bitcoins upgrade can contains bug, so if many users download this upgrade bitcoin = 0$ ! Or any major events, such as SEC solutions, S&p500 fall. So Bitcoin in any moments may be cost zero. Market cap off Apple 2.47 trillion, global crypto market cap is $1.05T. One company twice as expensive off all crypto market !

yes, but if you look at the years, you can only see a decline in BTC this year BTC is a money that is always renewing itself only panic sales have reduced BTC, and you know that BTC controls the entry and exit of all currencies the infrastructure of most money is btc-based

 

[freeax]

yes, but if you look at the years, you can only see a decline in BTC this year BTC is a money that is always renewing itself only panic sales have reduced BTC, and you know that BTC controls the entry and exit of all currencies the infrastructure of most money is btc-based

No central bank has yet completed monetary tightening.
infrastructure of most money is only bank-based
Cryptopayments used almost only to transaction among cryptomarkets and cold wallets

 

[djsobuj]

TerraUSD (UST)

 

[jokerpablo01]

No central bank has yet completed monetary tightening.
infrastructure of most money is only bank-based
Cryptopayments used almost only to transaction among cryptomarkets and cold wallets

no, I'm just talking about the fact that the infrastructure of most crypto currencies is BTC

 

[DecadesMember]

The only REAL STABLE coin is DAI but use usdc usdt for short term

 

[DecadesMember]

Im surprised 3 pages, no one said DAI. WTF

 

[freeax]

no, I'm just talking about the fact that the infrastructure of most crypto currencies is BTC

I think bitcoin is just a pioneer in the crypto economy. And if bitcon go to zero, one of altcoins coming next bitcoin.