I have been earning interest on stablecoins for some time, and I would like to change my strategy. Most stablecoins are pegged to the USD, and with the massive money-printing, I see that to the results of compounding I will need to subtract a big amount due to the actual devaluation of the currency. The amount I can be earning is relative if the currency is also changing value. In the end, I no longer see that much added value of having USD-pegged stablecoins instead of USD.
Earning interests with stable coins, what did you say? Did you sign contracts with exchange with your stable coin and earned interest?
Stable coins claim that they are pegged with fiat. 1 USDT has a value at exactly 1 $ dollar and is pegged by 1 $ dollar in banks, vaults. It is what stable coin companies claim that their works are trusted. You as user of stable coins don't know who their words are. Personally, with many news I read, stable coins are similar to fiat currency and if fiat is printed from the air, stable coin is minted from the air. The diffference is print and mint. Print requires factories but mint requires a computer. Stable coin companies have easier works than governments so do you think governments will let stable coin companies a heaven to run their easy works for too long?
However, looking at the crypto market I have not really been able to find a coin like that. Have you got any ideas/suggestions?
Bitcoin is your friend.
Altcoins are your friend in bull market only.