Post
Topic
Board Trading Discussion
Re: Best alternative to Tether?
by
Pearls Before Swine
on 16/11/2019, 19:06:38 UTC
Please do not keep your coins in an exchange. If anything happens to the exchange then you are going to lose the asset.
Best advice ever for anyone in crypto, and it's something all newbies ought to learn right when they get into crypto.

Op is all in on Tether?  Why??  If you're into cryptocurrency, why bother with a stable coin that's pegged to fiat?  You might as well keep your cash in a safe, as it would probably be safer.

If libra were to happen that would have been the best alternative to it but unfortunately it looks like it is going to be postponed for a while and probably even cancelled so I doubt we will have Libra as an alternative.
Why would one stable coin be better than another?  What is it about libra that would make it more attractive than Tether?  In my mind they'd both be equally as useless to own.  There's no profit to be made and no reason to hold either one.  Inflation works to devalue fiat, so it's going to devalue stable coins as well.