That said, regulating stablecoins is no easy task, as such coins come in all shapes and sizes, which makes a one-size-fits-all solution a problem. The top three stablecoins by market cap — Tether (USDT), USDCoin (USDC) and Binance USD (BUSD) — are all pegged against the U.S. dollar. According to their respective developers, they are backed by reserves of greenbacks and other various financial instruments to keep their value at $1 at all times.
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Source: Cryptocurrency - investing.com
