Reading Time: 3 minutes

The loan made by the issuer of the tether to the affiliate Bitfinex has recently caused volatility to the cryptocurrency market.  In addition, the market questioned the management of the resources from the stablecoin issuer, which claims to have the equivalent amount o the issued tokens in banking institutions. Regardless of the questioning, there are alternative stablecoins to tether on the market.

It is worth remembering that the stablecoins are widely needed in a world where international trade is still dominated by fiduciary currencies. For such reason, we indicate below the main stablecoins paired to the dollar so that you can get to know the  available options.

Tether – USDT

The tether is the most popular of all stable currencies and is among the ten largest cryptocurrency. Although the price of the currency has been kept mostly in US$ 1.00, it has faced some volatility moments. In 2017, it received criticism due to its alleged role in manipulating the market at the end of that year. More recently, it has faced new turbulence with the loan for the Bitfinex. For these reasons, some may look the asset with some mistrust.


The True USD is very popular among those who do not rely on the tether. However, this stablecoin is very centralized. But this can also be considered as beneficial for those who want to convert crypto in fiat currency and make bank transfers. Unfortunately, the minimum amount of withdrawal and deposit to use the TUSD with a bank account is US$ 10,000. The stablecoin has also faced moments of volatility.


The USD Coin was created by the Circle and the Coinbase to become a more financially transparent stablecoin. The Coinbase has been shown to be a reputable company over the years. In other words, if the USDC can keep itself stable and transparent, many traders may migrate to this stablecoin. However, they are still new on the market and need to maintain consistency.

Paxos – PAX

The Paxos is another stablecoin that has a collateral to ensure each issued PAX. The cryptocurrency is regulated and approved by the Department of Financial Services of the State of New York, one of the most restrictive public bodies in the United States. The owner of Pax also has an exchange office, the itBit. Therefore, it has plenty of experience and know what is necessary for a stablecoin to perform properly. The PAX is an ERC-20 token, so it can be stored in compatible portfolios.


The DAI is the only stablecoin that’s not completely centralized. It has solved the problem that most enthusiasts of decentralization despise regarding the stablecoins. It is not stabilized by banks, but by a token of governance (MKR) and is programmed to maintain a side position. The system works in a decentralized manner and some say it can be the most reliable stablecoin in the future.

Gemini Dólar  – GUSD

It is the stablecoin of the Winklevoss twins and are regulated. That said, it’s a centralized stablecoin. The Gemini USD not only is regulated by the U.S. Government, as well as all assets are backed by the State Street Bank and the Trust Company. There are regulatory audits and it is the main exchange stablecoin of Gemini.