What are the stablecoins? How to trade stablecoins?

Common stablecoins are: 1. Tether is issued by Tether and pegged to the US dollar. It is widely used but its transparency has been questioned; 2. US dollar coin (USDC), issued by Circle and Coinbase, with high transparency and favored by institutions; 3. DAI is issued by MakerDAO, with decentralization, and is popular in the DeFi field; 4. Binance Dollar (BUSD), cooperated by Binance and Paxos, and performed excellent in transactions and payments; 5. Trust Dollar (TUSD), issued by TrustToken, with high transparency; 6. Paxos Standard (PAX) is issued by Paxos, with strong compliance; 7. Gemini Dollar (GUSD), issued by Gemini, with high transparency; 8. TerraUSD (UST), issued by Terra, has a stable algorithm and is expected to recover after the crash in 2022; 9. Euro Stable Coin (EURS), issued by STASIS, is pegged to the euro; 10. Digital currency stablecoin, which may be pegged to digital currency in the future.

Common stablecoins are as follows:

1. Tether : Issued by Tether and pegged to the US dollar by 1:1, it is one of the earliest stablecoins. It has a wide range of application scenarios and high liquidity, but the transparency of reserves has caused controversy.
2. USD Coin (USDC) : Launched by Circle and Coinbase, it is completely backed by the USD. It is known for its high transparency and compliance and is highly favored by institutional investors.
3. DAI : A decentralized stablecoin issued by MakerDAO, maintaining a 1:1 anchor with the US dollar by collateralizing crypto assets, and is widely popular in the DeFi field.
4. Binance Dollar (BUSD) : The dollar stablecoin launched by Binance and Paxos is completely supported by US dollar reserves. With the strong ecosystem of Binance Exchange, it has performed well in the fields of trading and payments.
5. True USD (TUSD) : Issued by TrustToken, it is a stablecoin backed by the US dollar. It is known for its high transparency and compliance. It ensures that reserves are open and transparent through cooperation with multiple audit companies.
6. Paxos Standard (PAX) : A US dollar stablecoin issued by Paxos Trust Company, fully supported by US dollar reserves, with high compliance and transparency.
7. Gemini Dollar (GUSD) : The dollar stablecoin launched by the Gemini Exchange, fully supported by the dollar reserves, has established a certain reputation with high transparency and compliance.
8. TerraUSD (UST) : An algorithmic stablecoin launched by the Terra ecosystem, maintains anchoring with the US dollar through algorithmic regulation of supply. It experienced a crash in 2022 and may return to the forefront of the market in 2025 with improved algorithms and stronger ecological support.
9. Euro Stable Coin (EURS) : Pegged to the euro, issued by STASIS, has shown great potential in cross-border payments and stable store of value as the European cryptocurrency market develops.
10. Digital People's Stable Coin : With the promotion of China's digital currency, stablecoins pegged to digital currency may appear in the future, which will occupy a unique position in combination with the technical strength and market demand of the People's Bank of China.

The trading methods of stablecoins are as follows:

1. Register an account : Choose a well-known digital currency exchange, such as Binance, Huobi, Coinbase, etc., register an account on its platform, and complete real-name authentication as required. Usually, you need to submit personal ID card, photo or passport and other information.
2. Asset Recharge : If you want to purchase stablecoins with fiat currency, you need to recharge the fiat currency to the exchange account. The fiat currency supported by different exchanges are different and recharge methods; if you plan to exchange stablecoins with other digital currencies, you need to recharge the corresponding digital currency to the exchange storage address.
3. Select a trading pair : On the exchange's trading page, search and select the stablecoins and digital currency trading pairs you want to trade, such as USDT/BTC, USDC/ETH, etc.
4. Place an order : After confirming the trading pair, select the quantity and price of buying or selling in the trading area, and submit the order after confirming that it is correct. You can choose a market order and trade immediately at the current market price; you can also choose a limit order and set an expected price, which will only be completed when the market price reaches this price.
5. Security measures : In order to ensure asset security, the exchange will provide a variety of security measures, such as setting up dynamic passwords, binding Google authenticator, etc. It is recommended that users turn on these functions to improve the security of their accounts.

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