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Stablecoins on ON3X: USDT, USDC, and DAI

Understand the stablecoins available on ON3X, their differences, and how to use them for trading, savings, and payments.

ON3X Team

ON3X Team

The ON3X team shares insights about digital finance, product updates, and the future of crypto.

7 min read4,265 views
Stablecoins on ON3X: USDT, USDC, and DAI

What Are Stablecoins?

Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged 1:1 to the US dollar. While Bitcoin and Ethereum can fluctuate dramatically, stablecoins provide the stability of traditional currency with the speed and accessibility of crypto.

USDT (Tether)

USDT is the most widely traded stablecoin by volume. It's available on ON3X across multiple networks including Ethereum (ERC-20), Tron (TRC-20), and BSC (BEP-20). Tron-based USDT is particularly popular for its low transaction fees and fast settlement times.

Best for: Trading pairs, quick transfers, and holding value on networks with low fees.

USDC (USD Coin)

USDC is issued by Circle and backed by fully audited reserves of cash and short-term US Treasuries. It's considered one of the most transparent stablecoins, with monthly attestation reports from independent accounting firms. Available on ON3X via Ethereum and Polygon.

Best for: Users who prioritize transparency and regulatory compliance.

DAI

DAI is unique because it's decentralized β€” it's not issued by any single company. Instead, it's generated through MakerDAO's smart contract system, backed by a diversified basket of crypto-assets. DAI maintains its peg algorithmically through a system of collateralized debt positions.

Best for: Users who value decentralization and want exposure to DeFi-native stablecoins.

Using Stablecoins on ON3X

You can buy any stablecoin on ON3X using the Swap feature or by depositing BRL via PIX (Brazilian users). Stablecoins are also the most popular choice for ON3X Card transactions β€” spending stablecoins avoids the volatility risk associated with paying in BTC or ETH.

When to Use Stablecoins

  • Savings: In countries with high inflation, holding USDT or USDC preserves purchasing power better than local currency
  • Trading: Move in and out of volatile positions quickly without converting to fiat
  • Payments: Spend on your ON3X Card with predictable value β€” no worrying about price drops between purchase and settlement
  • Transfers: Send money globally with fast settlement and low fees
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