USDT, USDC and dem padi: di tier list

No be all stablecoin dem build di same way. Some get cash dey back dem. Some na vibes dey back dem. See how you go take know di difference before you hold one.

Three ways to keep coin for $1

Di tier list (fiat-backed edition)

S tier: di two biggest coin by far. Di two na dollar dey back dem, di two dey publish reserve report, di two dey accepted almost everywhere. One popular pass for emerging market and for trading; di oda one lean pass on regulation and transparency and na fintech and institution favourite. To hold any of dem dey okay. To hold di two na flex.

A tier: regulated euro and pound stablecoin, plus newer dollar coin from big name finance and payment company. Solid backing, smaller network, so sometimes e harder to spend or swap am.

B tier: exchange-branded coin and regional one. Dem okay for dem own turf, but awkward outside.

No try am at all: anytin wey dey promise "stable" 20% yield without explaining where di yield dey come from. Dat one no be stablecoin. Dat one na countdown.

How to check coin in 60 seconds

1. Who dey issue am, and dem dey regulated for anywhere wey serious?
2. Dem dey publish reserve report, and how often?
3. Wetin dey inside di reserve: cash and treasury (good) or "oda asset" (ask question)?
4. You fit redeem am for real dollar, and na who fit do am?
5. How much of am dey outside? Size no mean safety, but small coin dey die quiet quiet.

Which chain e dey live on?

Di same coin dey exist for plenty blockchain. Same dollar, different postcode. To send go di wrong network na di number one way people dey lose stablecoin. Good app dey hide dis one completely by letting you send go handle instead; na dat be di whole point of Kaitag.

IN SHORT Stick to big, audited, fiat-backed coin. Ignore anytin wey get "algorithmic" for im bio. Never send go wrong chain; better still, send go name.