Post
Topic
Board Altcoin Discussion
Re: do we really need stable coin?
by
Bitcoinislife09
on 30/01/2021, 19:39:28 UTC
think if we should look back in 4 years back in cryptocurrency industry, crypto do very well to be stable in the price value, but is very difficult this days to see crypto that's actually valueable, not until we started seen stable coins in the crypto market but there's no change in the value, Do you think we need stable coins?

In my trading stable coins are useful to avoid the volatility in the market. For me its main purpose is to easily convert your cryptocurrency into different assents or cryptocurrency. When I'm using USDT I can use it easily to buy in an exchange because this stable coins are supported in more exchanges allowing to sell and buy smoothly without the need of buying BTC one by one or per order since it could all be converted into USDT or other stable coins. Stable coins are also a good investment for a high interest rate compared to some alternative coins most of the stable coins have a high annum interest rate.