Stablecoins are an important part of the crypto ecosystem, and are becoming increasingly popular because they are used as “stable” crypto assets.
They are used mainly for payments, with thousands of merchants around the world open to the use of them for payments, even those who wouldn’t accept conventional crypto payments.
If you are someone interested in using cryptocurrencies to make payments, stablecoins are the best option for this.
Their value remains fixed to a large extent even when the crypto market is experiencing massive volatility because they are pegged to more stable currencies or other things.
However, just like regular cryptocurrencies, stablecoins need to be held in secure wallets from which you can spend them.
If you deal with multiple stablecoins and are looking for a good wallet to use, the following are some of the best wallets you can use.
AlphaWallet
AlphaWallet is a web3 browser extension wallet that supports several stablecoins, including USDT, USDC, PAX, DAI, and many others. The wallet also supports several other crypto assets you may wish to trade with the stablecoins.
You can use the wallet to buy stablecoins directly from exchanges or decentralized applications without ever leaving the wallet interface. Even better is the fact that you can earn interest on your stablecoins held in the wallet.
AlphaWallet works with all major browsers, including Chrome, Brave, Firefox, and Edge. The wallet is also easy to use naturally, as all you have to do is download and install the browser extension. It also has all the security features of any other wallet.
Metamask
Metamask is the leading browser extension wallet for cryptocurrencies. Created mainly for interacting with Ethereum blockchain and decentralized applications, the wallet is ideal for buying and holding of stablecoins, most of which are based on Ethereum blockchain.
The wallet works with all major web browsers like Chrome, Brave, Firefox and others, but also has a mobile app that you can use both on Android and iOS devices.
You can synchronize your activities between the browser extension and the app, allowing seamless asset management.
As a mom-custodial wallet, you are fully in charge of managing your assets on this wallet and trade them on exchanges or decentralized apps.
The wallet also supports NFTs, if you’re interested in them. Metamask is integrated with most platforms that use browser wallets.
Coinbase Wallet
Coinbase wallet is a non-custodial wallet that shares the same name as the Coinbase centralized exchange. Although the exchange has a custodial wallet attached to it, Coinbase wallet isn’t the same as the custodial wallet.
This wallet exists mostly as a mobile wallet, supported on Android and iOS devices. You can use it to hold your stablecoins because it supports many of them. In fact, it supports all stablecoins based on Ethereum, and most of them are.
Being a non-custodial wallet, you have full control over the wallet and can use it to trade your stablecoins as you wish. The wallet also supports NFTs, making it excellent for the web3 user as well.
Argent
Argent is another powerful wallet for ERC-20 wallets and since most stablecoins are ERC-20 wallets, this is perfect for your stablecoins. As a plus, the wallets allow you to stake popular stablecoins and earn interest on them.
The wallet comes as a mobile wallet for both Android and iOS devices, as well as a browser extension for Chrome and Firefox.
You can easily trade your stablecoins for other ERC-20 tokens on this Ethereum wallet that is known for high security.
Exodus
Exodus joins this list because of its versatility that makes it support many Ethereum tokens, including stablecoins. You can also stake on the wallet and earn interest on your stablecoins if you want.
The wallet is also known for its support of NFTs, and its constant evolution to bring on more features that place it ahead of the pack. You can use Exodus on your computer, Android, or iOS device.
