On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.
So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?
The existence of stable coins is only to get convenience when we get profit from trading results, if we use fiat currency, it will incur additional costs to convert from Bitcoin to fiat, stable coins can be used at any time without worrying about the price going down and we can use it without worrying
Yes that's the main reason why stable coins are I vented and even I use it for the same purpose because there are days when we earn good profit through trading with any crypto Hut we know that the price will dump again then we convert it to stable coins like USDT to retain the profit value instead of losing it.