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?
It is not a good investment for traders 'cause it has low profit than decentralized cryptocurrencies. Although it has a low probability of sinking unlike crypto. Well it is good for payment but for long term investment it is not. Since decentralized cryptocurrencies are bound to burst it is much better to invest on crypto for something sky-rocketted profit. In the end cryptocurrencies doesn't represents any true value.