Stablecoin is a cryptocurrency pegged to assets such as the US dollar. It aims to maintain a fixed price, provide hedging functions, and connect the traditional finance and the crypto world. It has attracted public attention because of its affordability, hedging needs and payment potential; mainstream trading platforms include Binance, Ouyi, Huobi, Gate.io, KuCoin and Coinbase; but there are risks of deaning, reserve opacity and regulatory.

What is a stablecoin? The "Ballast Stone" of the Crypto World

Simply put, a stablecoin is a special cryptocurrency with a value that is pegged to some kind of "stable" asset in the real world, the most common being the US dollar. Its core goal is to maintain a relatively fixed price, for example, the value of 1 stablecoin (such as USDT) is about $1.

In a crypto world with drastic prices, Bitcoin may rise or fall 10% in a day, while stablecoins are like a "price anchor" that provides a safe haven. Investors can exchange other crypto assets into stablecoins to maintain value when markets are turbulent without withdrawing funds to traditional bank accounts. Therefore, it plays a role in connecting the traditional finance and the crypto world and is an indispensable "hard currency" in the crypto trading ecosystem.

Other mainstream Bitcoin exchanges in 2025:

Ouyi okx :

Binance binance:

Huobi htx:

Behind the hot searches on Douyin: Why do the public begin to care about stablecoins?

The reason behind a relatively professional financial concept can gain millions of attention on a pan-entertainment platform like Douyin is worth pondering.

"Popularization" of concepts: Compared with complex concepts such as NFT and DeFi (decentralized finance), the word "stability" itself lowers the threshold for understanding. It sounds safer, more reliable, and more easily accepted by beginners, and is a gentle entry into the crypto space.

Requirements for investment hedging: As more and more people begin to engage and consider investing in crypto assets, it becomes crucial to understand how to protect their assets when the market falls. As a "help-away tool", stablecoins just meet this core need.

Potential for payment and transfer: Stablecoins provide near-instantaneous, low-cost ways to transfer global value. Although it is currently mainly used within the exchange, its potential as a payment tool has also triggered the public's imagination of future digital payment methods.

A list of mainstream stablecoin trading platforms

Stablecoins are the cornerstone currency of all cryptocurrency exchanges, and almost all transactions are denominated and settled in stablecoins such as USDT. Here are some mainstream platforms around the world that provide a rich range of stablecoin trading pairs.

1. Binance

As the world's largest cryptocurrency exchange, Binance offers the widest range of stablecoin trading pairs. Users can easily trade hundreds of other digital assets using stablecoins such as USDT and FDUSD, and their liquidity depth and trading experience are in the industry leading position.

2. Ouyi (OKX)

Ouyi is another top global exchange that also supports a variety of stablecoins. Its platform has comprehensive functions. In addition to spot trading, it also provides a wealth of stablecoin financial management and financial derivative services to meet the needs of different users.

3. Huobi (HTX, original Huobi)

As an old exchange, Huobi has a deep foundation among Asian users. It provides a stable and reliable stablecoin trading environment and is one of the important entrances for many users to enter the crypto market.

4. Gate.io

Gate.io is known for its massive currency selection and is known as the "treasure of altcoins". Here, stablecoins are an indispensable tool for trading a variety of emerging and small market capitalization tokens, providing convenience for users seeking diversified investments.

5. KuCoin

KuCoin is also a platform with a large number of users and rich currencies. Its stablecoin market is active, providing global users with a smooth trading experience, especially in exploring potential emerging projects.

6. Coinbase

As a compliant exchange listed in the United States, Coinbase is one of the main issuers and promoters of the stablecoin USDC. It is known for its security and compliance and is the preferred platform for many European and American users to trade stablecoins.

Stablecoins are not “absolutely stable”: potential risk warning

Despite its name "stable", stablecoins are not completely risk-free. Users need to maintain a clear understanding when they are exposed and used.

Risk of deaning: This is the biggest risk of stablecoins. When there is extreme panic in the market or when there is a problem with the issuer's reserves, the stablecoin may not be able to maintain its 1:1 peg ratio, causing a decline in value, i.e. "Deank." The collapse of the former algorithmic stablecoin UST is the deepest lesson.

Reserve transparency risk: Whether the issuer really reserves sufficient assets for stablecoins (such as USDT) secured by fiat currency has been attracting much attention. Any negative news about opaque or insufficient reserves could trigger a trust crisis.

Regulatory Risk: Governments and financial regulators around the world are increasingly scrutinizing stablecoins. Future regulatory policies may have a significant impact on the issuance, circulation and use of stablecoins, bringing uncertainty.

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