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There has been a release of many stables coins recently. What are the differences from each? So far I know that Tether (usdt) is based out of the US banking system and everything else is in the US banking system and regulated. Also I read that the USDC and GUSD has a back door system to freeze and hold accounts if they wanted to. I wasn't sure if PAX had this same thing. What are all the listed pros/cons of each stable coin?

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Indeed, USDC has a backdoor built in to allow for the freezing and/or seizure of funds if it is believed illicit activity is involved. In other words, any address can be blacklisted and funds frozen. Not very stable for a stable coin, right?

  • which stablecoin is the most "stable" out of all of them then? – Patoshi パトシ Dec 21 '18 at 19:37

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