What is a Stablecoin in Crypto? Cryptocurrency Stablecoins - Which ones are Safe USDC USDT GUSD BUSD

What is a Stablecoin in Crypto? Cryptocurrency Stablecoins - Which ones are Safe USDC USDT GUSD BUSD 

Stablecoins are pegged to a currency, such as United States Dollar (USD). Stablecoins allow for traders to trade in and out of different coins and tokens. The largest two stablecoins at current time is USDT (Tether) and USDC (USD Coin). USDT has a market cap of nearly $70 Million. USDC has a market cap of $46 Million. 

In addition, there are several other large stablecoins that are considered safe to use such as: 

Binance USD: BUSD 

Pax USD: USDP

TrueUSD: TUSD

USDD: USDD