Which Stablecoin if USDT / Tether is risky?

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MiddleEuroAsia

opportunist
Entrepreneur
Your assessment is correct: Currently you run three main risks:
  1. Your wallet (a simple commercial enterprise) goes bankrupt/rogue and ceases to exist.
  2. Your wallet gets hacked and the "stable"coins vanish overnight.
  3. Your "stable"coins are less stable than the word "stable" suggests.
Why did you put your money into "stable"coins? If not for dubious anonymity you can achieve the same by holding fiat in an interest bearing bank account.
Even if you require anonymity there are better ways compared to "stable"coins: Keep your money in cash in a mix of different currencies. Perhaps add some gold into the mix.
I mean tbh, if you can't keep a piece of paper safe, I don't know what are they doing being in this forum.

as @JackAlabama said, the seed phrase work on almost any wallet, so all you have to do is keep it safe.
 

hkrlh1

New member
BUSD and USDP are almost the same.
Both are issued by Paxos, 100% backed by dollars, regulated and audited.

There's also PAXG, pegged and backed by real gold.
 

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