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SameUSD vs Tether (USDT) – The Largest Stablecoin on the Market

Samecoin.com. Discover the similarities and flaws in USDT, which is the largest stablecoin today, and how SUSD solves the issues to ensure a better crypto trading experience.<br><br>An ecosystem. A real one. Join Samecoin.com.

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SameUSD vs Tether (USDT) – The Largest Stablecoin on the Market

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  1. SameUSD vs Tether (USDT): A Comparative Analysis samecoin.com

  2. Price volatility prevents many people from adopting cryptocurrencies for their daily use. However, stablecoins were introduced to solve this problem of volatility. In our comparative analysis of SameUSD (SUSD) with Tether (USDT), we will look at the similarities and flaws in USDT, which is the largest stablecoin today, and how SUSD solves the issues to ensure a better crypto trading experience. samecoin.com

  3. Comparative features of Tether (USDT) vs. SameUSD Tether USDT $1.00 Fiat (US dollar) Ethereum According to the size of the reserve USD SameUSD SUSD $1.00 Fiat (US dollar) based stablecoins Ethereum and BSC According to the size of the reserve USD Ticker Current Price Collateral Type Blockchain Maximum Supply Base Currency The Tether (USDT) Stablecoin Tether is the first, and arguably the most well-known stablecoin in the crypto market. Every USDT issued into circulation is backed in a 1:1 ratio with the exact amount of corresponding fiat currency, or so they say. samecoin.com

  4. SameUSD Stablecoin SameUSD is a stablecoin backed by a basket of top stablecoins. It is the first of its kind in the crypto market. SameUSD serves as the perfect digital currency since stablecoin can be used as: • Stable store of value. • The digital money for online payments and remittance. • A replacement of USD when executing crypto trades. As SameUSD is backed by a basket of stablecoins, it bears the same value as $1 per SameUSD. samecoin.com

  5. SameUSD vs. Tether (USDT) The underlying technology USDT, is a multi-chain stablecoin, which is available in over five blockchain networks including Ethereum, TRON, Omni Layer Protocol, and so on The mechanism of stability Despite the fact that USDT is pegged to the US dollar (i.e., 1 USDT = 1 USD), it still shows some slight volatility, as the price often rises or drops below the $1 mark. samecoin.com

  6. A unique stable mechanism SameUSD is pegged to a basket of stablecoins, which include BUSD, USDC and USDT which ensures the stablecoin maintains a stable value. Minting mechanism The Mint Smart Contract (MSC) in the future will have an algorithm that converts the ratio between various stablecoins. The MSC implementation ensures that the converting balance will remain flexible. samecoin.com

  7. Trust and transparency Following SameUSD's stability mechanism and decentralized property, it's easy for anyone to inspect and verify the reserve of SameUSD, and there is no secrecy because it’s nothing more than a smart contract. Wallet compatibility (Ease of storage) Although both Tether (USDT) and SameUSD (SUSD) have ERC-20 compatible tokens, they support multiple blockchains and so they support various wallets of those respective blockchains. samecoin.com

  8. Conclusion In our analysis of SameUSD and Tether (USDT), we can see that SameUSD brings something significant to the market. As the crypto market comes of age, there are bound to be improvements, and SameUSD is an excellent improvement to the stablecoin market. With the revolutionizing technology of SameUSD, it certainly has an edge over Tether, the largest stablecoin in the crypto market. samecoin.com

  9. Join An Ecosystem. A Real One. samecoin.com facebook.com/SamecoinCom twitter.com/SamecoinCom t.me/Samecoin samecoin.com

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