In the following article, the top 4 stablecoins are breakied down to help identify which stablecoin is best suited to your crypto needs: [Oobit’s Top 4 Stablecoins List]( https://medium.com/@oobit/oobits-top-4-stablecoins-list-2b9aab2e776c)
* Tether (USDT)
* USD Coin (USDC)
* Dai (DAI)
* Pax Dollar (USDP)
These fiat-backed stablecoins are required to have 1 US dollar in a company reserve for each stablecoin in circulation. The stablecoin industry gained popularity during the pandemic as many investors began using them to hedge against fiat currencies, and have continued to enjoy this increased use as the decentralized finance movement blew up.
