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  • (01. January 2010., 10:27:49)

Author Topic: Best stablecoins to invest in 2022 : Centralized or Decentralized Stablecoins ?  (Read 309 times)

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If you are a fan of decentralization, opting for a centralized stablecoin would not make sense. You can therefore turn to a stablecoin that does not depend on a central body, such as TerraUSD (UST) or Dai (DAI), but also other less capitalized stablecoins. If centralization doesn't matter, it's up to you to choose a centralized or decentralized stablecoin.
You probably want to know more about these stablecoins, especially which ones are the most popular. Here is our stablecoin comparison for this year 2022.

Tether (USDT)
Tether was launched in 2013 and that is the oldest stablecoin on the list which means as the pioneer of digital currencies. It is a stablecoin pegged to the US dollar, whose token is USDT. Its anteriority allowed it to develop easily. USDT still remains the most popular stablecoin today.
Tether has a good liquidity state and an impressive number of pairs on many exchanges.On the other hand, USDT is a centralized stablecoin, wallets can be frozen or blacklisted anytime. A stormy story against the backdrop of manipulation of the price of Bitcoin with BitFinex, and accusations of the absence of a reserve of dollars to collateralize with a ratio of 1:1 its USDT tokens. Despite its recent (October 2021) conviction for misrepresentation regarding its dollar stash, Tether remains the “best stablecoin in 2022”, or at least the most heavily capitalized.
USDC was born by Center, a consortium that coinbase and circle originated. Like Tether, it is a fiat-collateralized cryptocurrency pegged to the US dollar.The USD Coin token is USDC.
-USDC liquidity.
-Circle publishes the monthly report of an independent accounting firm,based on the state of Grant Thornton LPP reserves each month.
-The stablecoin is regulated in the United States.
-The USD is a centralized stablecoin.
-Wallets freezes or blacklisting can be implemented.
Binance USD (BUSD)
Binance cryptocurrency exchange made a stablecoin called Binance USD (BUSD) with a partnership with Paxos.The famous stablecoin Binance USD was released in 2019.
-BUSD is a cryptocurrency regulated by the New York State Department of Financial Services.
-A monthly audit by the firm Withum makes it possible to check the reserve in dollars.
-BUSD is available in pair with almost all cryptocurrencies for sale on Binance.
-It is only present on a limited number of exchanges (Binance, PancakeSwap and Tokyocrypto) since it focuses on the Binance ecosystem.

The most growing stablecoin is the TerraUSd called UST. It was launched recently in 2020 September partnership with Bittrex Global. This project is recent, however, given that it was launched in September 2020, in collaboration with Bittrex Global. TerraUSD, whose token is the UST, is an algorithmic stablecoin, so it is not collateralized.

-This stablecoin is decentralized.
-The UST is compatible with several blockchains, it is said to be cross-chain.
-Its strong growth.
-TerraUSD has excellent scalability and liquidity thanks to its algorithmic system.
-KYC is not required to buy UST.
-Its ecosystem is still underdeveloped (about a hundred applications and services), even if the UST token is available with many pairs on Terraswap.
-An algorithmic stablecoin is likely to experience more price swings than a collateralized stablecoin.

GXG token
GXG token is the type of crypto-share based on the BSC blockchain which is created to give the profits and metaverse experiences on their Metaverse Gaming platform. The key point of GXG platform is that they are very open and have full transparency. Basically, it will be important for investors to choose to hold GXG assets for a long time. The GXG team will serve to increase the turnover of GXG Platform and purchasing power of GXG tokens as its utmost. The more GXG platform operates, the amount of daily repurchasing will increase. The value of 1GXG = $0.1 (0.1 USDT) and the minimum purchase starts from 1000 GXG. Now they are running the token presale and will be ended in soon.So, GXG tokens are one of the best tokens to invest in 2022 and beyond. For more info,
Dai (DAI)
MarkerDAO initiated a project called Dai based on the Ethereum blockchain which is launched in 2019. It uses a smart contract called CDP (Collateralized Debt Position) to generate DAI. The DAI token is what is called over-collateralized since it asks for a 150% guarantee.(J^x2TSMvRj1COh0^)
-It is a decentralized stablecoin.
-This stable cryptocurrency is censorship-resistant and easily auditable since it is built on Ethereum with smart contracts governing it.
-No KYC is required for using the DAI.
-Its ecosystem is vast (more than 400 apps), with many cryptocurrency exchange platforms that allow you to trade DAI.
-The DAI is indexed to the price of the USD but is collateralized by Ethereum, which represents more risk than by a reserve of dollars as well as a greater fluctuation in the price.
To be concluded, Tether (USDT), USD Coin (USDC), Binance USD (BUSD), GXG token (GXG), TerraUSD (UST) and Dai (DAI)  are the best stablecoins 2022,  the most heavily capitalized. They are all pegged to the US dollar (USD). Only Dai and UST are decentralized stablecoins among the 6 tokens mentioned.

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