5 Most Stable Coins to Invest in 2022
Cryptocurrency is one of the popular means of digital payment among the general masses for a reason. Profitable returns, developing technology, cross-platform interoperability and superior transaction speed is what people find the most attractive about crypto. However, this payment method has some significant disadvantages. High volatility and the unpredictable nature of cryptocurrency that it is going through in 2022 makes investors be double cautious about investing in it. Fortunately, cryptocurrency exists in various forms and it is not only Bitcoin we have to be dealing with. Altcoins, tokens, NFTs and many other kinds of cryptocurrency are present on the market now, and all of them have different price behavior patterns.
In this article, we’re going to discuss 5 most stable cryptocurrencies to invest in in order to save money and go through the bear market without heavy losses.
When stable coins come to help
Cryptocurrency that is pegged with a stable external financial asset is called a stable coin. Such external assets can be US dollar, Euro or metals like gold or silver, bonds or even some other cryptocurrencies. In other bonds, the stable coin rate is bound to an external asset rate in 1:1 ratio.
What investors fins the most attractive about stablecoins:
Stability. Stablecoins usually have a lot of coins in circulation and are pegged with the real world assets which naturally guarantees their exchange rate and price stability.
Safety. Since external assets are backed by banks, they won’t drop in price sharply and unexpectedly.
Cheap transactions. Operations with stablecoins are usually not pricey, but it still depends on the stablecoin.
Accepting stablecoins as a payment for the services or goods you provide is the best you can do to shield yourself against volatility. The Plisio payment gateway supports the most popular stablecoins and helps those business owners who don’t know where to start. They have the lowest transaction fees and easiest integration with no specific code knowledge required.
Let’s go through the 5 best stablecoins worth your attention in 2022.
Tether or USDT is the third largest cryptocurrency by the year 2022. It is tied to the US dollar 1:1 and that is the main reason Tether’s gained its popularity since its launch in 2014. USDT's main goal was to avoid volatility and high risks associated with the cryptocurrency and provide investors an alternative. As Tether claims it, each USDT is reserved as cash in a bank to back every coin on the market.
- Ticker: USDT
- Price: $1
- Market Cap: $65.84 billion
USDC is a joint project of the Circle and Coinbase companies launched in 2018. The coin is pegged with the US dollar in 1:1 ratio and is regulated by the US financial institutions, which guarantees the coin everlasting stability. Not only is the coin popular among crypto market players in general, but is also widely used in various DeFi schemes. USD Coin states to have mixed cash and cash equivalents with US treasury to back each USD coin.
- Ticker: USDC
- Price: $1
- Market Cap: $54.8 billion
Binance USD is founded by the Binance company and is one of the most popular stablecoins for today as the company technology keeps gaining popularity. Binance USD is pegged with the US dollar 1:1 and is produced by the company. The stablecoin is also approved by the US financial institutions and is widely used on the market.
- Ticker: BUSD
- Market Cap: $ 17.56 billion
TrueUSD is a ERC-20 token which is fully collateralized. The coin is developed by the TrustToken platform and is retained in 1:1 ration with the US dollar. TrueUSD developers claim that TrueUSd was designed to be simple and transparent and therefore trusted by crypto investors. What about the coin trust, it is mixed in various companies escrow accounts. Each company joining the TrueUSD trust undergoes monthly audits to avoid any risk or theft.
- Tecker: TUSD-USD
- Price: $1
- Market Cap: $1.22B
Dai is a stablecoin that is collateralized not by the real world cash, but by the Ethereum based currency. At first, the coin was introduced by MakerDAO in 2015 and placed in their vault as a collateral for users who utilized Dai coins. Now MakerDAO ensures that Dai coin price is tied with the US dollar 1:1, so every investor could obtain it. In comparison to other stablecoins, Dai might be slightly more volatile as it is backed by the Ethereum tokens, but it is no less efficient nonetheless.
- Ticker: DAI
- Price: $1
- Market Cap: $7.2 billion
If you’re looking for profit and high returns, stablecoins are not for you. This stable cryptocurrency is the best option for those who’ve suffered enough from the market volatility and had a bad game with Bitcoin or Ethereum. Stablecoins are promised to have a great future as some crypto investors say that they will divide the digital economy and will be more regulated. Some investors will find it kind of concerning as crypto was initially meant to be free and anonymous, but others would stick to safety in the light of recent events.
Meanwhile, you can start with accepting cryptocurrency for business or individual needs. Accepting stablecoin is a great and safe start if you wish to preserve the value of your revenue and extend your business reach at the same time. The Plisio cryptocurrency payment gateway supports most of the stablecoins listed above and offers business owners plenty of opportunities to boost their business. The lowest fees on the market, responsive support team and unique cryptocurrency management tools is all you need to make the best of your business in no time. Get started now!
Please note that Plisio also offers you:
- Zen Cart
- Easy Digital Downloads
6 libraries for the most popular programming languages
19 cryptocurrencies and 12 blockchains
- Bitcoin (BTC)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Tron (TRX)
- Litecoin (LTC)
- Dash (DASH)
- DogeCoin (DOGE)
- Zcash (ZEC)
- Bitcoin Cash (BCH)
- Tether (USDT) ERC20 and TRX20 and BEP-20
- Shiba INU (SHIB) ERC-20
- BitTorrent (BTT) TRC-20
- Binance Coin(BNB) BEP-20
- Binance USD (BUSD) BEP-20
- USD Coin (USDC) ERC-20
- TrueUSD (TUSD) ERC-20
- Monero (XMR)