Back in 2009 when bitcoin was discovered, and since then, it has become a worldwide trend which paves way for the emergence of other forms of digital coins. To consider, bitcoin become the forerunner of the so-called digital currency. Right now, various kinds of cryptocurrencies are linked to a certain blockchain technology that involved several digital coin ledgers making several transactions.
Accordingly, bitcoin was discovered by a group of people who remained unknown. Since then, this new discovery has been making trends in the market, allowing customers to purchase currencies, products, and other services in exchange for digital currency.
Throughout the years, this digital currency phenomenon also had its highs and lows. Some coins weren’t as stable as the other forms. Nevertheless, if you are still among those investors who continued to invest, you might as well need to know the expected trends that will happen this year.
Cryptocurrency investors believed that stable coins are coming out this year. This means, these coins are the ones which remained stable and haven’t lost its value and are pegged to emerged this 2019.
The Most Stable Cryptocurrency for 2019
1. The Tether (USDT)
This coin is one of the most renowned stable coin in the world of cryptocurrency as of today. When looking for the enlisted digital coins in the Coinmarketcap, the Tether never missed leading the top 5 spots. It has been known to be backed by the most popular fiat currency, the US dollar in terms of a 1:1 ratio. This simply means Tether’s value is also directly equivalent to the value of the USD.
As of the moment, Tether is the most widely used kind of digital coin. It is reportedly having a market value of $1,884,587,370. Despite controversies rounding online regarding Tether, it remains to be the easiest to set up digital coins making it as the 5th largest digital asset in the world of cryptocurrencies.
2. TrueUSD (TUSD)
This coin comes next in rank after the Tether. Just like Tether, TrueUSD is backed by a US dollar coin making it one of the most stable coins for this year. This is known to be managed by big organizations like Google, PwC, and UC Berkley. Further, the TrueUSD is known for its transparency in terms of their verifications. This means, any of the digital coin investors can have access to their recent report of transactions.
The TrueUSD is also among the top cryptocurrencies in the world as it landed among the top 25, with a market capitalization of $213,749,697. It is known that TUSD can now be used for small business transactions like basic commodities, real estate, and even when making a transaction with other varieties of cryptocurrencies.
3. MakerDAO (DAI)
The MakerDAO is another stable coin that is expected to grow more in 2019. It was in 2017 when DAI was created, since then, they were able to develop strategies and approaches making the coin stable and strong up to the present. MakerDAO, unlike any other coins, is not backed by the US dollar but with Ethereum coins, instead. As of the present, this digital coin has reached around $56,801,526 in terms of market capitalization.
But according to experts, the MakerDAO is likely to gain more rates this year 2019 compared from the previous years. One of the advantages of using DAI is that it allows you to borrow from your own terms. Despite certain security issues which happened in the past, this cryptocurrency will definitely make a name this year.
4. Paxos Standard (PAX)
The Paxos Standard or the PAX is known for being the first regulated stable coin of the world. Just like Tether, PAX is backed by the US Dollar and was launched by the Paxos Trust Company a few years back. This crypto asset is also known for being a unique digital currency as it has been approved by the New York State Department of Financial Services. Its advancement in the world of digital currencies has been advancing as the years go by.
As of this moment, the Paxos Standard currency is reportedly having $167,241,364 in terms of market value. Without a doubt, this digital asset is making its rank among other stable coins of the year.
5. Gemini Dollar (GUSD)
This digital coin is another notable stable coin that is expected to make more advancement in 2019. Just like Tether and PAX, this is also backed by the US dollar and has also been approved by the New York State Department of Financial Services. It was launched by the Gemini Trust Company with a market capitalization of $86,072,734. Further, this digital coin has been renowned for its exchange-traded fund transacti
Unlike any other digital currencies, this Gemini Dollar is making an edge amongst others as it provides digital asset investors with a good level of security and flexibility of their transactions. Right now, GUSD can now be exchanged to other coins like HitBTC, BCEX, and DigiTimes.
6. USD Coin (USDC)
This digital coin is an ERC20 token, backed by US dollars, and was launched by a certain financial firm. The CEO of the company believes that this digital asset aims to solve certain problems; hence, they are making this digital currency more advanced and leverage this year. Having a market capitalization of $191,727,658, the USDC is definitely becoming one of the most stable and trustworthy digital coins today.
It is believed that USDC will create more possibilities and opportunities relating to investing, lending, finance trading among digital coin investors worldwide.
Having the fact that the digital coin phenomenon has grown throughout the years, digital asset investors have experienced both possibilities and risks as they deal with their crypto assets. With numerous security issues encountered by investors, several solutions have been made with the aim to ensure stability and safety for everyone who are involved in the crypto asset world.
Certain regulations, laws, and other preventive measures were designed in order to protect everyone from fraud and illegal transactions. Without a doubt, this year will definitely become bigger and a more stable year for cryptocurrencies. Hence, advanced possibilities and opportunities are also expected to bring forth sooner!