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?
Well, if fiat currencies sink, most/all stablecoins will definitely sink with them unless they are not really pegged to fiat or are scams.
I guess we need some creative minds to create some sort of stablecoins that are pegged to other things that wouldn't be too affected by such crisis. I have different things in mind for this but haven't really researched into them, to understand how they react during global crisis.
I think cryptosphere should have different options and not just stablecoins that are pegged to fiat currencies