Post
Topic
Board Altcoin Discussion
Re: Trustworthy Stabecoins
by
kate.poisonglen
on 10/11/2018, 16:08:55 UTC
The stable coins are always issued by one single company which may go bankrupt or scam.
Moreover, in order to cover the fees and maintain the stable rate, they issue more coins than they get real money.
The situation gets just like with the FRS that simply prints banknotes.
Stable coins are fine to save your funds when the market goes abruptly down, but in the long-term perspective, I wouldn't rely on any of them.