What are Stablecoins? USDT, TUSD, PAX, USDC, GUSD, EURS Explained

In our latest blog article we follow up on our previous articles covering MakerDAO’s DAI stablecoin which is backed by crypto, and look at some of the popular tokens that claim to be 100% back by their US Dollar reserves.

Perhaps very ironically the most used and widely adopted Tether USD (USDT) is the worst one when it comes to being transparent in the form of regularly auditing of their reserves. Whereas the stablecoin tokens that have taken big strides to follow regulations and provide regularly audits by third party accounting firms, seem to be under used.