Stable coins differences? (USDC - Coinbase / Circle, GUDS - Gemini, TUSD - Trust Token, PAX - PAXFUL, USDT - Tether)

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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?

Patoshi パトシ

Posted 2018-10-27T22:04:37.707

Reputation: 8 911

Answers

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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?

Dominic Ward

Posted 2018-10-27T22:04:37.707

Reputation: 11

which stablecoin is the most "stable" out of all of them then? – Patoshi パトシ – 2018-12-21T19:37:33.787

Asked: 2018-10-27T22:04:37.707

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Active: 2018-12-21T12:02:20.790