Comparing USD Coin to fiat-backed peers like BUSD, PAX, GUSD, USDP
Stablecoins have become an integral part of the cryptocurrency ecosystem, providing traders and investors with a way to hedge against volatility. As the market matures, more fiat-backed stablecoins like USD Coin (USDC), Binance USD (BUSD), Paxos Standard (PAX), Gemini Dollar (GUSD), and USDP have emerged, offering stability through reserves of USD. But how exactly do they compare?