According to Di Bartolomeo, USDT is also 'not as transparent' as another coin on this list, USD Coin, and has lost market share. But over the last 18 months, even Tether has suffered from the fallout of other coins, such as TerraUSD, and volatility in the sector. Launched as Realcoin in 2014, Tether's original purpose was to solve the dual problems of crypto's high volatility and its lack of convertibility. Even though its market cap recently dropped below $70 billion, its lowest level since October 2021, Tether is still the largest stablecoin in the world and therefore at the crest of this global expansion. They provide a way for clients to transfer dollar-denominated funds between exchanges, a factor that's becoming increasingly important for investors in emerging economies looking for access to the stability of the U.S. 'Stablecoins fill a very important role in the digital asset ecosystem,' says Mauricio Di Bartolomeo, chief strategy officer and co-founder of cryptocurrency lender Ledn. Here are seven of the best stablecoins for investors to look at now. Many experts agree, though, that they are here to stay in some form. As cryptocurrency investors, including a growing number from emerging markets, dip their toes back into the diverse pool of stablecoins, some naturally may wonder how secure these investments really are. In addition to raising questions about risk transparency, 'stablecoins have become a major concern for governments who fear that they will eventually pose serious competition against the sovereignty of their national currencies,' says Will Evans, managing director of the Americas for the crypto exchange CEX.IO.

dollar in May, eventually plunging to less than a cent on the dollar and triggering the collapse of its sister token, LUNA. But that stability was called into question when the third-largest stablecoin, TerraUSD (UST), abruptly 'de-pegged' from the U.S. The value of digital assets known as stablecoins is pegged to an external asset, such as gold or fiat currency, leading to their early reputation for reliability.

Bartolomeo calls colosseum crowd gross