After the crypto crash, all currencies are getting back to their original prices but some investors wish to invest in more stable cryptocurrencies. The solution of more secure and stable cryptocurrencies is 'stablecoins'. It's an alternative for normal cryptocurrencies such as Bitcoin, these are tokens that are backed by real-world assets. Stablecoins are more important in the crypto ecosystem and these are the top safest stablecoins you can invest in 2021.
Tether is a substitute for the U.S. dollars, simply it's one type of digital dollar. It's a stablecoin but originally called “Realcoin”, valued each token at $1.00 to reduce the friction of moving real currency throughout the cryptocurrency ecosystem. Currently, the Tether coin market cap is around $65.47 billion and the last 24 hours volume is $82.92 billion. Tether is not majorly affected by market fluctuations that reason Tether has been the first choice for the investors who always expected to play safe.
USD Coin (USDC)
USD Coin (USDC) is the world's second-largest stablecoin. it's a digital stablecoin that is pegged to the United States dollar and operate on the Solana blockchains, Stellar, Algorand, and Hedera Hashgraph, as well as on the Ethereum system. It's relatively fast to solve real-time payment problems. Currently, the USD Coin (USDC) market cap is around $27.04 billion and the last 24 hours volume is $2.39 billion.
Binance USD (BUSD)
Binance USD is one of the most regulated stablecoin to issues by the world largest crypto exchange Binance. It's rank in 4th place in the entire crypto market and it's also It is approved and regulated by the New York State Department of Financial Services to secure the highest level of customer safety. Today, the Binance USD (BUSD) market cap is around $74.77 billion and the last 24 hours volume is $14.53 billion.
Dai is an Ethereum blockchain-based stablecoin cryptocurrency. Its prices are dependent on United States Dollars (USD) and it's completely automated. Currently, Dai (DAI) market cap is around $5.78 billion and the last 24 hours volume is $28.41 million.
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