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The cryptocurrency market is well known for its volatility. The changing prices are usually a cause of concern for investors who could be making profits today and, the next day, record significant losses. This is where stablecoins come in. These stablecoins offer security against fluctuations in the market and guarantee stability by pegging their value to another asset class, most commonly fiat currencies like the US Dollar.

However, in times like this, when the cryptocurrency market is booming, stablecoin investors usually look toward making profits and assess the market for the most profitable projects. This time, Tether (USDT) and USD Coin (USDC) holders are getting into DeeStream (DST) and here is why.

Tether (USDT) seeking more usability

Tether (USDT) is the world’s most popular stablecoin. It is pegged to the US dollar in a one to one ratio. Tether (USDT) has recently grown past the $100 billion market cap and currently has a market cap of $103.36 billion. Tether (USDT), in a bid to increase its usability, has been forming alliances with governments and even organizations.

Tether (USDT) is set to launch on Celo, a mobile first and EVM compatible blockchain network that is built for real world applications and designed for fast, low cost payments across the world.

USD Coin (USDC) is still second best

USD Coin (USDC) is second only to Tether (USDT) in terms of the most popular stablecoins. USD Coin (USDC) is a fiat backed stablecoin pegged to the US dollar. It is built on the Ethereum (ETH) blockchain and is also pegged on a 1:1 ratio.

USD Coin (USDC) is the 7th largest cryptocurrency by market cap at $30.83 billion, according to CoinMarketCap. It has a 7 day trading volume of 101.12 billion.

DeeStream (DST) is a very profitable investment.

DeeSt

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Author: Crypto Daily

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