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Published 22:06 IST, November 5th 2023

Stable Coin Or Meme Coins, Let's Settle This Once And For All: US Dollar Coin And Tether Vs Big Eyes

Meme coins, on the other hand, are a type of cryptocurrency that are not designed to maintain a stable value.

Reported by: Digital Desk
US Dollar Coin and Tether are widely adopted by exchanges, wallets, and other cryptocurrency platforms. | Image: Stable Coin Or Meme Coins

Stablecoins as the name suggests are designed to maintain a stable value relative to a specific asset or basket of assets, such as the US dollar, euro, or gold. They are often used as a means of payment, trading, or as a store of value. The stability of these coins makes them suitable for everyday transactions, as their value is less volatile. They are typically backed by reserves of the underlying asset, or use algorithms to regulate their supply to maintain their stable value.

Meme coins, on the other hand, are a type of cryptocurrency that are not designed to maintain a stable value. They are typically created as a form of social commentary or humour and often have no underlying asset or utility. Meme coins can experience high volatility in price due to their lack of intrinsic value and speculative nature. The value of meme coins is largely determined by social media sentiment, with popular coins experiencing significant price increases in a short period of time, but also prone to rapid and dramatic declines.

Highly Reliable and Stable USDC and Tether

US Dollar Coin (USDC) and Tether are both stablecoin cryptocurrencies that are pegged to the US dollar, meaning that its value is meant to remain stable in relation to the dollar. USDC is an ERC-20 token, meaning that it runs on the Ethereum blockchain. This makes it highly transparent, as all transactions are recorded on the blockchain and can be easily traced.

Transactions in both USDC and Tether are processed quickly and at a low cost, making it an ideal choice for sending money across borders or between different cryptocurrency wallets. They are backed by a reserve of US dollars, which means that there is a direct one-to-one relationship between them and the US dollar. This makes these stablecoins highly reliable and stable.

US Dollar Coin and Tether are widely adopted by exchanges, wallets, and other cryptocurrency platforms, which means that it can be easily traded or used for payments. USDC is issued by Circle, a regulated financial institution, and is compliant with US laws and regulations. This makes it a more reliable and trustworthy cryptocurrency compared to some others that operate outside the law. Tether publishes daily reports on its website that detail the amount of Tether in circulation and the amount of US dollars in its reserves. This helps to provide transparency and reassure investors that it is fully backed by US dollars.

The Wonderful World of Big Eyes Coin

Big Eyes Coin (BIG) is a relatively new meme coin in the cryptocurrency space. It is a community-driven project, meaning that decisions about the development of the coin are made by its community members. This approach ensures that the community is actively involved in the growth and development of the project.

Big Eyes Coin has plans to launch its own NFT marketplace, where users can buy and sell digital assets. This marketplace will be built on the Binance Smart Chain and will allow for the seamless integration of Big Eyes Coin with other cryptocurrencies.

Big Eyes Coin has a deflationary tokenomics system, which means that the supply of the coin will decrease over time. This system can help to increase the value of the coin by creating scarcity and reducing the supply of the coin in circulation.

Big Eyes Coin has implemented anti-whale measures, which prevent large investors from controlling the supply of the coin. This measure can help to prevent market manipulation and ensure a fair distribution of the coin among all investors.

Big Eyes Coin has committed to donating a portion of its profits to charity, which sets it apart from other meme coins. This commitment to social responsibility can help to build trust and credibility among investors and community members.

In stage 12 of its presale, Big Eyes Coin has already raised $30.61 USDT. To celebrate this success, it has got fun LOOT BOXES for the buyers which give them a chance to win up to 5000%. Buying $BIG right now is a smart choice as it provides a 22.44% ROI.

Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/ 

Website: https://bigeyes.space/ 

Telegram: https://t.me/BIGEYESOFFICIAL 

Updated 22:06 IST, November 5th 2023

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