Skip to content
Permalink
Branch: master
Find file Copy path
Find file Copy path
Fetching contributors…
Cannot retrieve contributors at this time
368 lines (315 sloc) 26.5 KB
<!DOCTYPE html>
<html lang="en">
<head>
<meta name="twitter:card" content="summary_large_image">
<meta name="twitter:site" content="@atomicwallet">
<meta name="twitter:creator" content="@atomicwallet">
<meta name="twitter:title" content="What are Stable Coins? (USDT, TUSD, GUSD, USDC, PAX and DAI)">
<meta name="twitter:description" content="There is no denying that cryptocurrencies are getting more and more prominence in the Mass market. Low fees, decentralization and no need for intermediaries make crypto appealing for integration into daily life.">
<meta name="twitter:image" content="https://atomicwallet.io/css/images/articles/stable-coins.png">
<meta http-equiv="X-UA-Compatible" content="IE=edge">
<meta name="description" content="Stable Coins are cryptocurrencies designed to solve the price volatility problem. Their total price is constantly pegged to USD or other crypto. Stable Coins will be used to the merchants adoption and as an comfortable exchange value between fiat and cryptocurrencies world.">
<meta name="viewport" content="width=device-width, initial-scale=1"/>
<meta charset="UTF-8">
<title>What are Stable Coins? (USDT, TUSD, GUSD, USDC, PAX and DAI) </title>
<link rel="stylesheet" href="css/main.css">
<link rel="stylesheet" href="css/media-test-blog.css">
<link rel="stylesheet" href="test/css/item-page.css">
<!-- Google Tag Manager -->
<script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':
new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],
j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src=
'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);
})(window,document,'script','dataLayer','GTM-KBC3CH8');</script>
<!-- End Google Tag Manager -->
<!-- Global site tag (gtag.js) - Google Analytics -->
<!--<script async src="https://www.googletagmanager.com/gtag/js?id=UA-114023091-1"></script>
<script>
window.dataLayer = window.dataLayer || [];
function gtag() {
dataLayer.push(arguments);
}
gtag('js', new Date());
gtag('config', 'UA-114023091-1');
</script>-->
<link rel="apple-touch-icon" sizes="180x180" href="/apple-touch-icon.png">
<link rel="icon" type="image/png" sizes="32x32" href="/favicon-32x32.png">
<link rel="icon" type="image/png" sizes="16x16" href="/favicon-16x16.png">
<link rel="manifest" href="/site.webmanifest">
<link rel="mask-icon" href="/safari-pinned-tab.svg" color="#5bbad5">
<meta name="msapplication-TileColor" content="#da532c">
<meta name="theme-color" content="#ffffff">
<!-- Start of Async Prefinery Code -->
<script type="text/javascript">var _pfy = _pfy || [];(function(){function pfy_load(){var pfys=document.createElement('script');pfys.type='text/javascript';pfys.async=true;pfys.src='https://widget.prefinery.com/widget/v2/1w40x3e4.js';var pfy=document.getElementsByTagName('script')[0];pfy.parentNode.insertBefore(pfys,pfy);}if (window.attachEvent){window.attachEvent('onload',pfy_load);}else{window.addEventListener('load',pfy_load,false);}})();</script>
<!-- End of Async Prefinery Code -->
</head>
<body>
<!-- Google Tag Manager (noscript) -->
<noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-KBC3CH8"
height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript>
<!-- End Google Tag Manager (noscript) -->
<!-- menu -->
<div class="header-menu-mobile header-menu-close f-light only-mobile" id="menu-mobile">
<div class="container relative">
<a href="/">Wallet</a>
<a href="https://atomicwallet.io/buy-bitcoin">Buy Bitcoin</a>
<a href="/assets">Assets</a>
<a href="/downloads" class="hvr-grow">Download</a>
<a href="https://support.atomicwallet.io/support/home" target="_blank" class="hvr-grow">Support</a>
<a href="/blog">Blog</a>
<button class="header-menu-mobile-close" id="menu-button-close"></button>
</div>
</div>
<div class="header-container">
<div class="container relative">
<img src="css/images/bg-first-screen.svg" alt class="bg bg-main">
<header class="header">
<a href="https://atomicwallet.io" class="header-logo">
<img src="css/images/logo.svg" alt="Atomic">
</a>
<nav class="header-menu f-light">
<a href="/" class="hvr-grow">Wallet</a>
<a href="https://atomicwallet.io/buy-bitcoin" class="hvr-grow">Buy Bitcoin</a>
<a href="assets" class="hvr-grow">Assets</a>
<a href="/downloads" class="hvr-grow">Download</a>
<a href="https://support.atomicwallet.io/support/home" target="_blank" class="hvr-grow">Support</a>
<a href="blog" class="hvr-grow">Blog</a>
</nav>
<nav class="header-menu-icons f-light">
<a href="https://twitter.com/atomicwallet" target="_blank" class="hvr-float">
<img src="css/images/top_twitter.svg">
</a>
<a href="https://t.me/atomicwalletchat" target="_blank" class="hvr-float">
<img src="css/images/top_telegram.svg">
</a>
<a href="https://medium.com/atomic-wallet" target="_blank" class="hvr-float">
<img src="css/images/top_medium.svg">
</a>
<a href="https://www.facebook.com/atomicwallet" target="_blank" class="hvr-float">
<img src="css/images/top_facebook.svg">
</a>
<a href="https://www.reddit.com/r/atomicwallet/" target="_blank" class="hvr-float">
<img src="css/images/top_reddit.svg">
</a>
<a href="https://steemit.com/@atomicwallet" target="_blank" class="hvr-float">
<img src="css/images/top_steemit.svg">
</a>
</nav>
<button class="header-button only-mobile" id="menu-button-open"></button>
</header>
</div>
</div>
<div class="item-page-container">
<div class="item-page">
<div class="item-page-article">
<h1 style="margin-bottom: 10px;">What are Stable Coins?
<br> (USDT, TUSD, GUSD, USDC and DAI)</h1>
<div class="item-page-image-template">
<div class="item-page-blog-image">
<a href="#coin"><img src="css/images/articles/what-are-stable-coins.png" alt="What are Stable Coins?" ></a>
<cite>Stable is, Stable does. Store StableCoins in <a href="#download">Atomic Wallet - multi-asset secure wallet.</a></cite>
<!--<div class="addthis_inline_share_toolbox"></div>-->
</div>
</div>
<h4>Find answer</h4>
<ul>
<li><a href="#coin">What are Stable Coins?</a></li>
<li><a href="#role">What is Stable Coins Role?</a></li>
<li><a href="#store">Where to Store Stable Coins?</a></li>
<li><a href="#download">Download Atomic Wallet</li></a>
</ul>
<h2 id="return">Preface</h2>
<p>There is no denying that cryptocurrencies are getting more and more prominence in the Mass market. Low fees, decentralization and no need for intermediaries make crypto appealing for integration into daily life. You can easily transfer any amount of crypto all over the world in a matter of seconds for <a href="https://atomicwallet.io/ripple">Ripple</a>, <a href="https://atomicwallet.io/stellar">Stellar</a>, <a href="https://atomicwallet.io/eos">EOS</a>, <a href="https://atomicwallet.io/tron">Tron</a>, and just a few minutes for <a href="https://atomicwallet.io/bitcoin-wallet">Bitcoin</a>, and <a href="https://atomicwallet.io/ethereum">Ethereum</a>.</p>
<p>When it comes to centralized institutions and banks, cross-border funds transfer becomes a complicated, time and fee consuming process. If you live, say, in China and need to move funds to your grandpa living in France, most likely it will take days and you will have to pay <a href="https://www.paypal.com/en/webapps/mpp/paypal-fees">at least 5%</a> from the total amount. If you need to convert USD to EUR, you will overpay 7%.</p>
<p>This is especially inconvenient for cross-border trading. If you're a merchant, would you like to loss hundreds of dollars monthly just wasting them on fees? The need to pay fees inevitably influences the prices of the goods you sell. Cryptocurrencies help solve this issue with the help of fast transactions and low fees. Still, not everywhere crypto is actively used due to volatility, scalability issues and other hurdles.</p>
<p> Cryptocurrency volatility is one of major obstacles in the way to mass adoption. You can buy Bitcoin for one rate and sell it the next day at another.
The next big issue is transaction speed. If you're, say, a giant e-commerce company, you may have hundreds payments worldwide on a daily basis. If the blockchain gets overloaded, payments will be stuck for days to went through.
The last, but not least issue is that you can't just get to the bank and exchange your crypto to the <abbr title="It's the name of the real world currencies like USD, EUR and others.">fiat currency.</abbr></p>
<p>Stable coins are designed to resolve these issues.</p>
<h2 id="coin">What are Stable coins?</h2>
<p>Stable Coins are cryptocurrencies with total amount pegged to other assets. (In the most cases it's USD or other cryptocurrency). Some examples: <b>Tether</b>, <b>Gemini Dollar</b>, <b>USDC</b>, <b>PAX</b> and <b>DAI</b>.</p>
<h2>Why so stable?</h2>
<p>Stable coins work as a bridge between the world of crypto and the world of fiat currencies. The companies use some centralized authorities that back every coin with one-to-one equivalent in USD or Crypto and controls the price volatility.</p>
<p>For example Tether, one of the top cryptocurrencies nowadays. The project is made on the Omni Protocol Layer above the <a href="https://atomicwallet.io/bitcoin-wallet">Bitcoin</a>, <a href="https://atomicwallet.io/litecoin">Litecoin</a> and <a href="https://atomicwallet.io/ethereum">Ethereum</a> Blockchains.
<br><br><img style="padding-right: 15px;" src="css/images/crypto-icon/USDT.svg" alt="">Tether founders claim that every Tether coin (USDT) is backed with 1 US Dollar equivalent, but for all the years still didn't provide any official documentation or audits.</p>
<p><img style="padding-right: 15px;" src="css/images/crypto-icon/TUSD.svg" alt="">TrueUSD (TUSD). Another stablecoin that published a proof that every TUSD token is backed with $1. <br>
TUSD is based only on the Ethereum blockchain, provides a legal protection to the TUSD holders and is opened to third-parties audits.
</p>
<p><img style="padding-right: 15px;" src="css/images/crypto-icon/USDC.svg" alt="">USDC is an Ethereum based stablecoin created by Coinbase and Circle company.</p>
<p><img style="padding-right: 15px;" src="css/images/crypto-icon/PAX.svg" alt="">Paxos Standard Token (PAX). It's another stablecoin based on Ethereum blockchain. The project is recently received negative opinion for the backdoor in their codebase that allows PAX authorities to <a href="https://cryptovest.com/news/binance-lists-paxos-pax-stablecoin-as-critics-flag-back-door-for-law-enforcement/">freeze accounts with funds if necessary</a>.</p>
<p><img style="padding-right: 15px;" src="css/images/crypto-icon/DAI.svg" alt="">DAI is an Ethereum based Stable Coin. It differes from other stablecoins by implementing a fully decentralized technology. It's price is stable price is backed by <abbr title="Every DAI is backed by ETH. The token running fully on the smart contracts technology.">Ether, not USD</abbr>.</p>
<h2 id="role">What is StableCoins role?</h2>
<p>StableCoins were created to solve the top problems of cryptocurrencies, such as price volatility and interaction with the real world money and markets.</p>
<p>To do so, Stable Coins companies make a partnership with a <abbr title="Company that issue tokens also have the same amount of USD on their account">the issuer</abbr> to ensure that the price will stay the same in any cases. That also allows to easily redeem crypto to USD with no limitations. Another benefit of stablecoins — they are customer friendly. You don't have to think about the rates of the crypto, there are low possibility to lose the funds because of the price changing, it's convenient system for cross border payments.</p>
<p>StableCoins are often used on major exchanges to transfer Bitcoin into USD.</p>
<h2 id="store">Where to Store Stable Coins?</h2>
<p>If you want to store your StableCoins safely, install Atomic Wallet, a decentralized application with a built-in exchange and multi-asset support. Only you control your funds!
<br><br><b>Note:</b> We support all aforestated tokens except Tether Omni.</p>
</div>
<div class="item-page-download">
<div class="item-page-download-title" id="download">Download Atomic Wallet</div>
<!-- Subscribe Pop-up-->
<script>window.jQuery || document.write('<scr' + 'ipt src="https://cdnjs.cloudflare.com/ajax/libs/jquery/1.11.0/jquery.min.js"><\/sc' + 'ript>')</script>
<script>window.$kol_jquery = window.jQuery</script>
<script src="https://kickoffpages-kickofflabs.netdna-ssl.com/widgets/1.9.6/kol_bounce.js"></script>
<script src='https://kickoffpages-kickofflabs.netdna-ssl.com/w/113350/220933.js'></script>
<!-- Subscribe Pop-up mobile download-->
<script>window.jQuery || document.write('<scr' + 'ipt src="https://cdnjs.cloudflare.com/ajax/libs/jquery/1.11.0/jquery.min.js"><\/sc' + 'ript>')</script>
<script>window.$kol_jquery = window.jQuery</script>
<script src="https://kickoffpages-kickofflabs.netdna-ssl.com/widgets/1.9.6/kol_bounce.js"></script>
<script src='https://kickoffpages-kickofflabs.netdna-ssl.com/w/113350/223800.js'></script>
<!-- End of mobile download Pop-up-->
<div class="download">
<div class="download-item download-item-windows hvr-grow" data-download="windows">
<a href="https://atomicwallet.io/download/atomicwallet.exe" onclick="window.kol_modal_220933.show()"><img src="css/images/logo-windows.svg" alt="" class="download-item-img-color"></a>
<img src="css/images/logo-windows-color.svg" alt="" class="download-item-img">
<span class="download-name">
<a href="https://atomicwallet.io/download/atomicwallet.exe" class="button download-button" onclick="window.kol_modal_220933.show()" ga('send',="" {="" hittype:="" 'event',="" eventcategory:="" 'download',="" eventaction:="" eventlabel:="" 'windows'="" });="">Windows</a>
</span>
<span class="download-button-label">
<a href="https://atomicwallet.io/download/atomicwallet.exe" class="button download-button" onclick="window.kol_modal_220933.show()" ga('send',="" {="" hittype:="" 'event',="" eventcategory:="" 'download',="" eventaction:="" eventlabel:="" 'windows'="" });="">Download</a>
</span>
</div>
<div class="download-item download-item-apple hvr-grow" data-download="apple">
<a href="https://atomicwallet.io/download/atomicwallet.dmg" onclick="window.kol_modal_220933.show()"><img src="css/images/logo-apple.svg" alt="" class="download-item-img-color"></a>
<img src="css/images/logo-apple-color.svg" alt="" class="download-item-img">
<span class="download-name">
<a href="https://atomicwallet.io/download/atomicwallet.dmg" class="button download-button" onclick="window.kol_modal_220933.show()" ga('send',="" {="" hittype:="" 'event',="" eventcategory:="" 'download',="" eventaction:="" eventlabel:="" 'macos'="" });="">macOS</a>
</span>
<span class="download-button-label">
<a href="https://atomicwallet.io/download/atomicwallet.dmg" class="button download-button" onclick="window.kol_modal_220933.show()" ga('send',="" {="" hittype:="" 'event',="" eventcategory:="" 'download',="" eventaction:="" eventlabel:="" 'macos'="" });="">Download</a>
</span>
</div>
<div class="download-item download-item-ubuntu hvr-grow" data-download="ubuntu">
<a href="https://atomicwallet.io/download/atomicwallet.AppImage" onclick="window.kol_modal_220933.show()"><img src="css/images/logo-ubuntu.svg" alt="" class="download-item-img-color"></a>
<img src="css/images/logo-ubuntu-color.svg" alt="" class="download-item-img">
<span class="download-name">
<a href="https://atomicwallet.io/download/atomicwallet.AppImage" class="button download-button" onclick="window.kol_modal_220933.show()" ga('send',="" {="" hittype:="" 'event',="" eventcategory:="" 'download',="" eventaction:="" eventlabel:="" 'ubuntu'="" });="">Ubuntu</a>
</span>
<span class="download-button-label">
<a href="https://atomicwallet.io/download/atomicwallet.AppImage" class="button download-button" onclick="window.kol_modal_220933.show()" ga('send',="" {="" hittype:="" 'event',="" eventcategory:="" 'download',="" eventaction:="" eventlabel:="" 'ubuntu'="" });="">Download</a>
</span>
</div>
<div class="download-item download-item-debian hvr-grow" data-download="debian">
<a href="https://atomicwallet.io/download/atomicwallet.deb" onclick="window.kol_modal_220933.show()"><img src="css/images/logo-debian.svg" alt="" class="download-item-img-color"></a>
<img src="css/images/logo-debian-color.svg" alt="" class="download-item-img">
<span class="download-name">
<a href="https://atomicwallet.io/download/atomicwallet.deb" class="button download-button" onclick="window.kol_modal_220933.show()" ga('send',="" {="" hittype:="" 'event',="" eventcategory:="" 'download',="" eventaction:="" eventlabel:="" 'debian'="" });="">Debian</a>
</span>
<span class="download-button-label">
<a href="https://atomicwallet.io/download/atomicwallet.deb" class="button download-button" onclick="window.kol_modal_220933.show()" ga('send',="" {="" hittype:="" 'event',="" eventcategory:="" 'download',="" eventaction:="" eventlabel:="" 'debian'="" });="">Download</a>
</span>
</div>
<div class="download-item download-item-fedora hvr-grow" data-download="fedora">
<a href="https://atomicwallet.io/download/atomicwallet.rpm" onclick="window.kol_modal_220933.show()"><img src="css/images/logo-fedora.svg" alt="" class="download-item-img-color"></a>
<img src="css/images/logo-fedora-color.svg" alt="" class="download-item-img">
<span class="download-name">
<a href="https://atomicwallet.io/download/atomicwallet.rpm" class="button download-button" onclick="window.kol_modal_220933.show()" ga('send',="" {="" hittype:="" 'event',="" eventcategory:="" 'download',="" eventaction:="" eventlabel:="" 'fedora'="" });="">Fedora</a>
</span>
<span class="download-button-label">
<a href="https://atomicwallet.io/download/atomicwallet.rpm" class="button download-button" onclick="window.kol_modal_220933.show()" ga('send',="" {="" hittype:="" 'event',="" eventcategory:="" 'download',="" eventaction:="" eventlabel:="" 'fedora'="" });="">Download</a>
</span>
</div>
</div>
<div class="only-mobile">
<span class="download-text f-light only-mobile"> Manage your Bitcoin, Ethereum, XRP, Litecoin, XLM and over 300 other coins and tokens.</span></div>
<div class="mobile-download-button">
<div class="download-item-app hvr-grow" data-download="android">
<a href="https://play.google.com/store/apps/details?id=io.atomicwallet&referrer=utm_source%3Dwebsite" target="_blank" ga('send',="" {="" hittype:="" 'event',="" eventcategory:="" 'download',="" eventaction:="" eventlabel:="" 'android'="" });=""><!-- <img src="css/images/OS/googleplay.svg" width="80%" alt class="download-item-img-color"> -->
<img src="css/images/OS/googleplay.svg" width="80%" alt class="download-item-img"></a>
</div>
<div class="download-item-app hvr-grow" data-download="iOS">
<img src="css/images/OS/appstore.svg" width="80%" onclick="window.kol_modal_223800.show()" alt class="download-item-img">
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<section class="subscribe" id="contacts">
<div class="container relative">
<div id="kol_embed_container_229450"></div>
<script>window.jQuery || document.write('<scr' + 'ipt src="https://cdnjs.cloudflare.com/ajax/libs/jquery/1.11.0/jquery.min.js"><\/sc' + 'ript>')</script>
<script>window.$kol_jquery = window.jQuery</script>
<script src="https://kickoffpages-kickofflabs.netdna-ssl.com/widgets/1.9.6/kol_embed.js"></script>
<script src='https://kickoffpages-kickofflabs.netdna-ssl.com/w/113350/229450.js'></script>
</div>
</section>
<footer class="footer-new">
<div class="container relative">
<div class="footer-row">
<div class="footer-new-left">
<a href="/"><img src="css/images/logo.png" alt="" class="footer-new-logo"></a><br>
<a href="mailto:support@atomicwallet.io" class="footer-new-email f-light">support@atomicwallet.io</a><br>
<div class="footer-new-soc">
<a href="https://twitter.com/atomicwallet" target="_blank">
<img src="css/images/top_twitter.svg">
</a>
<a href="https://t.me/atomicwalletchat" target="_blank">
<img src="css/images/top_telegram.svg">
</a>
<a href="https://github.com/Atomicwallet" target="_blank">
<img src="css/images/top_github.svg">
</a>
<a href="https://medium.com/atomic-wallet" target="_blank">
<img src="css/images/top_medium.svg">
</a>
<a href="https://www.reddit.com/r/atomicwallet/" target="_blank">
<img src="css/images/top_reddit.svg">
</a>
<a href="https://www.facebook.com/atomicwallet" target="_blank">
<img src="css/images/top_facebook.svg">
</a>
</div>
</div>
<div class="footer-new-right">
<div class="footer-new-cols">
<div class="footer-new-col">
<div class="footer-new-col-title">Atomic Wallet</div>
<ul class="f-light">
<li><a href="https://support.atomicwallet.io/">Support</a></li>
<li><a href="https://t.me/atomicwalletchat">Telegram chat</a></li>
<li><a href="https://atomicwallet.io/terms-of-service">Terms of service</a></li>
<li><a href="https://atomicwallet.io/privacy">Privacy policy</a></li>
<li><a href="https://drive.google.com/drive/folders/1zbu1nKCBq2zNCnEtjWsw3oMJei6aFSuZ">Press Kit</a></li>
</ul>
</div>
<div class="footer-new-col">
<div class="footer-new-col-title">Buy Cryptoсurrency</div>
<ul class="f-light">
<li><a href="https://atomicwallet.io/buy-bitcoin">Buy Bitcoin (BTC)</a></li>
<li><a href="https://atomicwallet.io/buy-litecoin">Buy Litecoin (LTC)</a></li>
<li><a href="https://atomicwallet.io/buy-ethereum">Buy Ethereum (ETH)</a></li>
<li><a href="https://atomicwallet.io/buy-ripple">Buy Ripple (XRP)</a></li>
<li><a href="https://atomicwallet.io/buy-bitcoin-cash">Buy Bitcoin Cash (BCH)</a></li>
</ul>
</div>
<div class="footer-new-col">
<div class="footer-new-col-title">Assets</div>
<ul class="f-light">
<li><a href="https://atomicwallet.io/bitcoin-wallet">Bitcoin (BTC)</a></li>
<li><a href="https://atomicwallet.io/ethereum">Ethereum (ETH)</a></li>
<li><a href="https://atomicwallet.io/ripple">Ripple (XRP)</a></li>
<li><a href="https://atomicwallet.io/litecoin">Litecoin (LTC)</a></li>
<li><a href="https://atomicwallet.io/eos">EOS</a></li>
<li><a href="https://atomicwallet.io/neo">NEO</a></li>
<li><a href="https://atomicwallet.io/tron">TRON (TRX)</a></li>
<li><a href="https://atomicwallet.io/dogecoin">Dogecoin (DOGE)</a></li>
<li><a href="https://atomicwallet.io/cardano">Cardano (ADA)</a></li>
<li><a href="https://atomicwallet.io/dash">DASH</a></li>
<li><a href="https://atomicwallet.io/stellar">Stellar (XLM)</a></li>
<li><a href="https://atomicwallet.io/zcash">Zcash (ZEC)</a></li>
</ul>
</div>
</div>
</div>
</div>
</footer>
<script src="js/jquery-3.3.1.min.js"></script>
<script src="js/jquery.touchSwipe.js"></script>
<script src="js/app.js"></script>
<!-- Go to www.addthis.com/dashboard to customize your tools
<script type="text/javascript" src="//s7.addthis.com/js/300/addthis_widget.js#pubid=ra-5c5305452c42ffbc"></script>-->
</body>
</html>
You can’t perform that action at this time.