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?
In case of a real financial crisis, not just a recession, the BTC is more like to soar in fiat valuation.
So there is no need to invest/convert to any stable coins unless you want your portfolio to lose fiat value.
However, in short-term, due to huge and sudden price drops in BTC/USD pairs, it's not a bad idea. I already converted part of my coins into TUSD and alts.