Quote from: TimeTeller on Today at 10:10:27 PM

Quote from: amos77978 on Today at 09:48:06 PM

stable coin is simply just to store wealth nothing more.. you wont make any gain.. neither will you make loss your funds.. they're one of the best coins to hold when the market Is RED.. as your funds wont lose their initial calue

That is the reason why they are created in the first place.
Not to lose much of its value in different seasons in the market, whether bearish or bullish.
So it is just simply a store of value so don't expect that you will gain profit from holding it.
But in my opinion, you should not hold stablecoins for long term, because we don't know the real truth about the asset backing it.
Not many of them are saying the truth about its assets, just look at USDT, which at one point, they did admit that it was not 100% USD backed.

Leave that as it may. Stable coins do play a very important strategy in the life of an investors be it short/long term and for traders too. Stable coins gives the option to easily transfer funds to a somewhat more secure place, this is an ideal service for a trader or investor.

The way I think about stable coins is as a bank account where the risk is minimized, while anything not in stable coins is more like a bond where there's more risk involved but higher return.

In a simple way, stable coins provide people with financial stability, and a spring board for those who fear rapid market changes. This is why their value should not be undermined.