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?
I have parked some part of my money in stable coins I mean I am holding some stable coins as well as dollars and I use them to make various transactions. Due to the current market situation investors involve spending quite a lot of time thinking and choosing stable coins to protect own savings. I am not surprised by this fact it is just the consequence of the unstable market which coz investors to be more tight concerning the necessity of saving and protecting own money. Furthermore I would say that stable coins are useful not only when market is unstable.