Stablecoins have proliferated this year, so much so that it’s been hard to keep track of them all. In a bid to remedy that, news.Bitcoin.com has compiled a list of all stablecoins that are currently tradable – plus several others that are on their way. This is the ultimate A-Z of stablecoins. For now, at least.
Also read: An In-Depth Look at the Cryptocurrency Economy’s ‘Stablecoin’ Trend
B is for Basis
Basis, formerly known as Basecoin, is the hottest new stablecoin in town. It’s attracted investment from all the usual crypto bigshots, and intends to adhere to the US dollar via an algorithmically adjusted supply. This essentially means that when demand rises, more Basis will be created, and when it’s falling, more will be bought back. This expanding and contracting supply ought to help Basis maintain its peg.
B is for Bitusd
Bitusd is an old stablecoin now, and it’s starting to wobble. The bulk of its trade occurs on the Bitshares exchange where it was designed to operate, though it’s also available on Openledger DEX. While it would be stretching the truth to call Bitusd a ‘stable’ stablecoin these days, it still functions. Just.
C is for Carbon
Carbon uses an algorithmically adjusted supply based on demand to maintain parity with the US dollar, a bit like Basis. Will it work? We’ll have to wait and see.
C is for CK USD
Little is known about CK USD, whose team are as mysterious as the workings of its stablecoin. Coinmarketcap has no data regarding its total circulating supply, but reports a staggering 24-hour volume of $137 million on BCEX and Allcoin. Whatever CK USD is, it seems to work.
