2022 was a very volatile year for cryptocurrency, and the crypto winter saw many platforms dip over time. This volatility has caused many crypto investors to consider investing in stablecoins like Tether (USDT) and USD Coin (USDC) and new platforms which have a lot of popularity and potential, like Big Eyes Coin (BIG).
Stablecoins are said to be like its name suggests much more stable because they can be pegged to a fiat currency or to metals or gold. So arguably, there are not a lot of risks involved with putting money in stablecoins. Before ,the shift was to put money into cryptocurrencies which could have very big highs and lows, but with a stablecoin, it is unlikely that its users will lose much money.
Tether (USDT) – The Leading Stablecoin on the Market
Tether (USDT) is a stablecoin which is pegged to the value of the US dollar. Amounts of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equivalent to the quantity of USDT in circulation must be kept in reserves to maintain the token’s peg to the US dollar.
Realcoin, a second-layer cryptocurrency token created on top of the Bitcoin blockchain using the Omni platform, was first introduced in July 2014. It was then rebranded as USTether and then, finally, as USDT. Later updates to USDT made it compatible with the blockchains of Ethereum, EOS, TRON, Algorand, and OMG, in addition to Bitcoin. Tether is ranked #3 on CoinMarketCap, and it is in the green, so it is no surprise why a lot of people are flocking to Tether.
USD Coin (USDC) – A Stablecoin for the Masses
USD Coin (USDC) is a stable coin that is pegged 1:1 to the dollar is called USD Coin. Every unit of this cryptocurrency in use is backed by $1 in reserves, which are stored in a combination of short-term US Treasury bonds and cash. According to the Centre consortium, the issuer of this asset, USDC is a regulated financial institution.
In September 2018, the stablecoin had a limited initial release. Simply said, USD Coin’s tagline is “digital money for the digital age,” and the stablecoin is created for a society where cashless transactions are more prevalent. We have seen this phenomenon especially in the height of the pandemic, when many people were not using cash and digital money was a key element and still remains popular in many places of the globe.
For the USD Coin, a number of use cases have been revealed. Additionally to offering a refuge for cryptocurrency traders during times of those who support the stablecoin claim it has the potential to disrupt a variety of industries, including decentralised finance and gaming, by enabling businesses to accept payments in digital assets.
What is Big Eyes Coin (BIG)?
Big Eyes Coin (BIG) is a new meme coin which has gone from strength to strength. According to many crypto analysts, it is a meme coin that could do very well this year. The platform has already raised a whopping $12.75 million, and it is still in its presale. This is not surprising because of its many benefits, rewards and uses.
Big Eyes Coin (BIG) is a community-based coin which focuses on its users’ opinions, and it has its own NFT Sushi Club, whereby its members will soon be able to swap NFTs and connect as users who like “ to own cute things, do fun things and eat fish things.” Another big part of Big Eyes Coin’s success is its charitable donations to charities which preserve the ocean. So this is a meme coin with a lot of staying power as it does not just seek to make its users money, but it also wants to give back to charity which is very revolutionary.
In addition, the team behind Big Eyes Coin is doing a bonus tokens giveaway, to receive the bonus tokens, use the code: BIGsave452.
To find out more about Big Eyes Coin (BIG), visit the links below:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL