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Looking for a list of top stablecoins? You're in the right place. From being backed by actual dollars in a bank account to relying on a decentralized protocol, stablecoins exist in various forms. This comprehensive guide to the best stablecoins will explain what stablecoins are, the different types to watch for, and some examples of the top stablecoins in the crypto market.
Key Takeaways:
Stablecoins are cryptocurrencies that have their price pegged to, and are backed by, a singular reserve or group of assets.
Stablecoins are most commonly used as a medium of exchange.
Some of the best stablecoins to look into during volatile times include Tether (USDT), USD Coin (USDC) and First Digital USD (FDUSD).