Check Out These 3 Least Volatile Stablecoins
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Cryptoknowmics 2022-05-28 14:30:07

Check Out These 3 Least Volatile Stablecoins

Stablecoins are cryptocurrencies that are pegged to a fiat currency or traded commodity in the ratio of 1:1. Stablecoins came into existence because of the high volatility that is associated with most cryptocurrencies. Stablecoins serve as a cushion asset in the period of high depreciation in price since they have low volatility. Least Volatile Stablecoins Although stablecoins are pegged to fiat currencies like the dollar, euro, and others, they still exhibit some levels of volatility. We shall consider the least volatile stablecoins based on their performance in the past 30 days, 60 days, and 90 days. This consideration is for the top 10 stablecoins according to CoinMarketCap. The price of stablecoins can also fluctuate based on the market volatility of top cryptocurrencies like Bitcoin, Ethereum, and their parent native tokens. Some of the stablecoins with low volatile nature are: Tether USD Coin Binance USD We shall now discuss them in turns. 1. Tether Is the number 1 stablecoin based on CoinMarketCap ranking of stablecoins. Source: https://www.tradingview.com/x/NCjXAeAF/ Tether (USDT) was launched in 2014. The Co-founders of Tether are Brock Pierce, Reeve Collins and Craig Sellars. Tether is denoted with USDT. At the time of writing, Tether (USDT) is trading at $0.9991. The 24-hour trading volume of USDT is $79.6 billion. According to CoinMarketCap, the circulating supply of USDT is 73.27B USDT. The all-time high price of ...

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