The 5 best stablecoins to start investing in June 2024
Stablecoin market capitalization is around 161.5 billion USD and trading volume is 64.4 billion USD, for that reason, below are the 5 best stablecoins that can be the perfect companion for investment your cryptocurrency this June.
1.Tether #USDT: Tether was launched in 2014 and is the leading stablecoin with a market capitalization of $112 billion. At the time of writing, USDT price is equivalent to 0.993 USD.
2.USDC #USDC : USDC stablecoin is also pegged to US dollars and trades at a ratio of 1:1, meaning 1 USDC is equivalent to 1 dollar. It is the sixth largest cryptocurrency on the market with a market capitalization of $32.37 billion.
3.Dai #DAI : DAI is an Ethereum-based stablecoin whose value is pegged to the US dollar. At the time of writing, the DAI price is $0.999 and has a market capitalization of $5.3 billion.
4.First Digital USD #FDUSDâŹâ© : FDUSD has a value of 0.9983 USD and is ranked 38th with a market capitalization of 2.9 billion USD. This is also another example of a stablecoin whose value is pegged to the US dollar for stability and security.
5. #USDD : Tron DAO is behind this USDD stablecoin, whose value is pegged to US dollars. At the time of writing, 1 USD is equivalent to 0.9979 USD and has a market capitalization of over 730 million USD.
Above are 5 types of Stablecoins that I want to share
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