RE: Waultfinance launches it's commerce-backed Stablecoin WUSD - How it could help stabilize WEX price
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I hear USDT has potential issues, which is why your post caught my eye, as i'm looking for a really trustable stable coin. So with WUSD being backed 90% by USDT, this is not the answer for me. Can you suggest any others perhaps?
Namaste
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HBD is my recommendation, if you're looking to save up in a Stablecoin, do that with HBD, every other Stablecoin has one issue or the other, BUSD itself which is Binance Stablecoin, the exchange also has shits with the SEC. I'm not so sure about USDC, but apart of HBD, it sure feels like USDC is the most safe.
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Thanks for responding. For sure it would be great if HBD was stable, then that would be my coin of choice. Yet, what if at the time i wish to convert to a stable coin, HBD market price is $1.10 or $1.20 for example, as it quite often is these days (albeit much more stable than before). If/when markets peak and are(perhaps) about to crash, there won't be time to search for the best stable coin. I will look into DAI or xDAI or maybe even $BENCH and some others and report back. Let me know if you have other ideas.
Uhm, BENCH, never actually heard of that, and DAI, I've always seen DAI on the public markets, but I've not really looked into what actually backs it... Same with TUSD and PAX
I'd let you know if I find something...
So, to be clear, no i'm not looking to save up in a stable coin, just to use to store temporarily to be able to buy and sell crypto quickly in particularly volatile times. I'm mostly a crypto HODL'r, iding the waves, but sometimes it's good to jump off or back on.
I know hbd but its not so stable some time like now it over 1$
At least it's not falling below, better up than down, that's the goal!
it was a little blow today