Want to know what are the best stablecoins for an up-and-coming business? Have you decided to take your business to the next level by accepting stablecoins as payment? Are you not sure which stablecoins are the best for your business? Although it may seem a bit overwhelming at first, setting up your business to accept stablecoins is simple.
When you decide to accept stablecoins as a form of payment, you should accept more than one because there are many stablecoins on the market. Focusing on just one may eliminate several customers. Most of the payment processors on the market for stablecoins are designed to accept multiple coins. So, deciding which stablecoins you accept may be done for you when you pick a payment processor.
But if accepting multiple stablecoin is not possible, it’s essential to focus on choosing the most popular stablecoins. As a general rule, you want to pick stablecoins with the most users and have a high market cap. If your business is brick and mortar, you may also want to look at users’ demographics of certain stablecoin.
As of date, The top four stablecoins are USDT, USDC, BUSD, and Dai. Ideally, it is best for your business if you find a way to accept all four. Also, consider that many large companies such as Walmart are currently creating their own branded stablecoins. With this in mind, you may also want to create your own branded stablecoin that comes with various perks, such as a loyalty and reward program for your customers or lowering the transaction fees. There is more you can do with the branded stablecoin that traditional finance can’t do.
If you don’t want to be behind, it’s time to accept stablecoin as a payment method. It’s hard to go wrong as long as you stick to accepting payments from the more established projects and picking the payment processor that accepts multiple stablecoins. If you want to create your unique stablecoin or have questions about how stablecoins can help your business, don’t hesitate to contact us.
Stably is a US-based FinTech providing fiat onramp and stablecoin infrastructure to digital wallets, decentralized applications, Web3 projects, and blockchain development organizations. Our mission is to power the next billion Web3 users with a superior fiat <> crypto onramp to all popular and emerging blockchain ecosystems.
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