In this bear market, stablecoins have been on fire. With the recent news of basis going down, what does everyone think of stablecoins? Curious as to what you guys think about Ampleforth (aka Fragments aka Basis's competitor) and their model too.
I'm pretty bullish on stablecoins in general
I'm pretty bullish on stablecoins in general
stable coins are just for locking profits, its our protection to crypto volatility. So they are not a kind of investment because it will always remain 1$, But i am not saying that you cant make money holding it, once it drops about .98$ assume the price will back up to 1$ so you can make less money there.