Tether vs Binance USD vs USDQ
What problem does this service solve?
Tether is the largest stablecoin. It allows crytpcurrency traders to hedge against volatility. | Binance USD allows traders to convert US Dollars to a digital version without trading fees. | USDQ is a stablecoin designed to facilitate investing in blockchain projects. |
Token Stats
Company Description
Tether (USDT) is the largest stablecoin cryptocurrency. It is pegged to the US Dollar. (1 USDT=$1 USD) Each Tether token that is issued is backed by $1 USD that is supposedly held in reserve. Tether has been the subject of some controversy because they have failed to allow a transparent audit of their currency reserves. | Binance USD stablecoin is backed by US Dollars, and is issued in partnership by Binance and Paxos. The coin is approved by the New York State Department of Financial Services (NYDFS), and allows traders to convert US Dollars to a digital version without trading fees. | USDQ is a stablecoin that is pegged to the US Dollar and is collateralized with Bitcoin. USDQ was issued by a company called Platinum Securities that offers STO and market making services. |