With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
Why would you invest in stablecoins? Its pegged at a fixed value if you use for trading then it has a point but if its for long-term holding might aswell turn it into a real fiat and then invest it in a bank.
There is no mechanism that protect stablecoins from losing its value, its just an imagination its not backed by something.