Last week we created a poll to find out which coin we should add to DSX Global next. The votes are in, and the winner chosen by you is Cardano (ADA)! ADA is going to be added to our exchange by April 14th!
You may also remember that last week we added two stablecoins to the exchange. Hopefully you've had a chance to check them out, but in case you haven’t here are a few more details about them...
What’s special about USDC and TUSD?
A stablecoin is generally pegged to fiat currencies like USD, EUR, GBP. Although fiat seems to be the most popular choice, stablecoins can also be backed by precious metals or other cryptocurrencies. For stablecoins pegged to USD, it means that 1 stablecoin has the same value as 1 USD, for example.
Stablecoins are a great way to help protect your profits or transfer funds between exchanges and wallets without buying fiat. As stablecoins are backed by fiat, it also means that an equal amount of fiat should be reserved for maintaining the stability of stablecoin price, helping you avoid the volatility of cryptocurrencies.
While bitcoin struggles through falls and sudden rises, some believe that stablecoins (as they could be used as a means of payment and not just an investment asset) are the future of crypto. After all, if the price of a certain product changes everyday aligning with the bitcoin price, it wouldn’t be very convenient for either stores and consumers.
We’ve now gathered the best stablecoins on the market - including tether (USDT), trueUSD (TUSD) and USD coin by Circle (USDC) - and have listed them for exchange on our platform.
With USDC you can find statements confirming the supply of fiat towards issued coins on the developer’s official website. The market cap of USDC already reached US$687,937,827.
TUSD is starting its journey into the stablecoin field. The team behind it offers additional bonuses to coin holders such as investments with up to 12% annual return. The market cap is currently US$137,024,222.
You also don’t need to wait days for your bank transfer to reach your account anymore. Stablecoins make it so much easier to move funds between wallets, so what are you waiting for? Take a look at USDC and TUSD and see what they can do for you!