Stablecoin Dashboard: Classifies nine stablecoins based on volatility risk

Stablecoin Dashboard: Categorizes 9 stablecoins by volatility.

Encryption analyst Leshka.eth has created a dashboard for stablecoins, covering 9 trusted stablecoins, divided by their volatility risk.

According to the dashboard, $USDC, $USDT, and $DAI are still the safest. Despite the FUD against $USDC during the Silicon Valley Bankruptcy. Despite the US SEC trying to dig up USDT. Despite $DAI being an algorithmic stablecoin backed by another cryptocurrency. $BUSD is no longer the main stablecoin of Binance. After the US SEC issued a notice accusing BUSD of violating US securities law, Binance’s liquidity smoothly flowed into TUSD stablecoin.

$BTC, which is not even a “stablecoin”, is still on this dashboard. $BTC was originally created as an asset that could replace fiat $UST. $BTC is decentralized and has received strong support from millions of enthusiasts and institutional investors. $ETH is a complete ecosystem, a network of assets worth tens of billions of dollars embedded in an ever-improving network infrastructure. For over a decade, Vitalik has been proving that his ideas are worth paying attention to.

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$FRAX stablecoin has eliminated the algorithmic factor in its price stability mechanism due to FIP-188 proposal. According to the proposal, the protocol cannot create additional FXS to increase the collateralization ratio, as attempted by the creator of $UST. $USDD is an algorithmic stablecoin managed by a TRON-based DAO founded by Justin Sun. I personally don’t trust this person. All of his actions are purely speculative and aimed at getting rich.

Reference: https://twitter.com/leshka_eth/status/1670423413180227585

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