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?
I've only ever used stablecoins that have been tied to the USD dollar for trading bitcoin when the market is changing a lot, for example I was able to use it to preserve my assets when BTC dropped from 20,000
I don't think there's a lot of other uses of it, it was way easier for me to move my funds to USDT instead of moving it to actual fiat currencies.
I don't believe in them at all, they are way too centralised in a market that should be decentralized.