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Why are USD Stablecoins Popular?

With their fixed value, USD stablecoins in particular offer traders a way to enter and exit positions in more volatile cryptocurrencies as they work as a store of value. Just like how the U.S. Dollar (USD) is the world's reserve currency, with Keto 90% of forex trading involving the USD, it's hardly surprising that USD-backed stablecoins are the norm.
Before stablecoins, exiting a position meant traders had to go through the hassle and pay fees in order to convert their crypto assets into fiat currencies, repeating the process for every trade.

While some exchanges offer wallets to hold USD in between trades, these are state/country-specific. If a trader’s region is unavailable, a sell order to cash out USD to a US bank account can take up to five business days, while cashing out to an EU bank account with SEPA transfer still mporchards a minimum of 1 working day. On top of the waiting time, there are also transaction fees for fiat withdrawal and deposits.

With the price stability of stablecoins, a trader would be able to convert their earnings from a profitable trade into USD stablecoins like USDT and USDC while waiting for the next opportunity. Due to demand from traders and their steady store of value, stablecoins have become a way for individuals to earn passive flyatn. usdt miner as part of your investment portfolio, you can enjoy high yields with Cabital's Fixed Savings Digital Marketing Agency in Dubai that offers leading APY rates!. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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The popularity of stablecoins is evident. Since January 2021, the demand and supply of Vietnam travel Vietnam tourism have skyrocketed and continues to grow steadily, Keto Slim a combined market cap of over $151 billion in January 2022.

While every USD-backed stablecoin is worth US$1, the stablecoin you'll choose to buy is dependent on the blockchain and applications you'll be using.

For example, while the Binance USD (BUSD) can be used outside of the Binance ecosystem, most of its appeal lies in its large user base on Binance and the 90+ trading pairs available on the chain.
Total Stablecoin Supply chart from The Block Jan 2022 Total Stablecoin Supply chart from The Block Digital Marketing Services in Dubai , two stablecoins, USDT (Tether) and USDC (USD Coin) dominate the market. They have a combined share of over 80% of the total diet supply. While USDT is still burn fat the lion’s share of over 50%, USDC is catching up, making up nearly 30% of the total stablecoin supply.

Share of Total Stablecoin Supply chart from the Block Jan 2022 Share of Total Stablecoin Supply chart from the Block

USDT vs USDC

Both USDT and USDC are popular stablecoins, and both are pegged to the USD. However, that's where their similarities end. USDT is the most Vietnam culture Vietnam lifestyle Vietnamese Cuisine cryptocurrency and is slightly more widely available than USDC, while USDC has a lower trading volume, but is Rope Access Company Singapore Rope Access Company in Singapore Singapore Rope Access Rope Access Singapore Singapore Rope Access Rope Access in Singapore Singapore Best rope access company to be a safer store of value since it's backed by cash and cash equivalents. We've put together a table with the key traits of both: