Top 8 Stablecoins to Consider in 2022
Stablecoins are rescuing many investors from the almost inevitable volatility of the crypto market. Every day, investors get a stake in stablecoins, as they offer greater protection against crypto volatility. These coins are designed to maintain a fixed value while pegged to a less volatile asset, like fiat currency such as the U.S. dollar, euro, or British Pound.
Nowadays, stablecoins are an increasingly popular avenue for investors and companies interested in cryptocurrencies. What’s even more exciting for investors is that the Stablecoins’ market cap has risen to $153 Billion and has a 13.5% share of the total crypto market cap.
Stablecoins are a promising technology that comes with different benefits, implementation strategies, liquidity risks, and potential acceptance barriers. However, as a potential investor, you are probably wondering about the safest and best stablecoins to dig your fork into. Well, that’s why we wrote this piece. Without further ado, let’s get to it.
8. USD Digital (USDD)
At the top of the list is the USDD algorithm stablecoin launched in May 2022 by Tron on Tron, BNB Chain, and Ethereum blockchains. It is pegged to the U.S. dollar in a 1:1 ratio, meaning that USDD maintains its value at a fixed exchange rate to the U.S. dollar.
USDD is the first over-collateralized stablecoin with multiple mainstream digital assets (e.g. TRX, BTC, and USDT). The USDD protocol provides the blockchain industry with the most stable, decentralized, tamper-proof, and freeze-free stablecoin system, a perpetual system independent from any centralized entity.
This stablecoin circulates on TRON, Ethereum, BSC, and other networks via the cross-chain protocol BitTorrent Chain. Similar to TRC20-USDT, it caters to users’ needs by offering them a fast and affordable experience on TRON. It has a market cap of $724.75M.
7. Neutrino USD (USDN)
Neutrino USD is an algorithmic asset fixing protocol that enables the development of stablecoins tied to real-world assets or cryptocurrency. The Neutrino protocol is a set of interacting smart contracts written in the Ride programming language and deployed on the Waves blockchain. Neutrino system is based on three main tokens: WAVES, USDN, and NSBT.
