How to Get Stablecoins on RSK - The Complete Guide to Stablecoins
In this section, we will cover how to get stablecoins on RSK, and their tools.
Using A Decentralized Exchange
You can buy stablecoin tokens on a decentralized exchange (DEX). Examples of DEXes that support RSK;
RSKSwap is a fork of the Uniswap Protocol adapted for the RSK network. It is a fully decentralized protocol for automated liquidity provision.
With RSKSwap, you can access RDOC, DOC, rUSDT, and XUSD Stablecoins.
Watch this explainer video on how to use RSKSwap to automate trading.
TEX is a decentralized token exchange by Money On Chain.
What makes TEX special is that the mechanism used for trading is inspired by the method used at The London Gold Fix. With this method, periodic ticks in an order book match operations at an emerging price, avoiding front-running and allowing fair price discovery even with low volume.
With TEX, you can access RDOC, DOC and other tokens on the RSK network.
Liquality is redefining what it means to enable truly non-custodial peer-to-peer crypto swaps. By focusing on security and eliminating the risks and costs highlighted above, Liquality offers users complete control throughout their swaps and assurance that their funds arrive as expected in an easy and secure way.
Watch this explainer video below to learn how to atomic swap DAI, USDC, USDT using Liquality Swap.
Using the Token Bridge
Ethereum/RSK Bridge that allows moving ERC20 tokens between one chain and the other.
Watch this explainer video below to learn how to use the RSK/Ethereum Token bridge with the Defiant App.
Be sure to check out our next article in this guide, on Understanding Cross Chain Bridges: How to use the RSK Token Bridge
Stablecoin Gas fee Comparison tool
This is a tool for comparing average gas fees paid for the last 200 transfer transactions of DAI and USDT Stablecoins on Ethereum and RSK blockchains. The tool makes a live request to the Covalent database, gets the information about the latest transactions of selected Stablecoin and displays the prices converted to USD using the latest rBTC - USD and Ether - USD exchange rate.
Stablecoin Gas Fee Comparison Tool
If you would like to delve deeper, here are some resources and tools that we recommend.
- Visit RSK Developers Portal
- Dollar on Chain: A stablecoin for bitcoiners, by bitcoiners
- Defiant: Solutions on RSK
- RSK Token Bridge
- Webinar: RSK - Ethereum Tokenbridge
- Build on Bitcoin using rDAI
- Ask any Difference
- Difference between a Cryptocurrency and Token
- What are Stablecoins?
- RSK Explorer
- Stablecoin Gas Fee Comparison Tool