I plan on selling some of my altcoins in the near future. Instead of converting it to fiat, I will rather convert it to BTC and stablecoins. I hear a lot of concerns regarding USDT, which is why I want to ask you guys what stablecoin you prefer to hold?
If you like stablecoins and like to make some money with them, there are algo stablecoins now, the most famous one I know is bDollar, they are on binance smart chain and last I checked one sbdo was around 1800 or 1900 dollars and it was giving you profit as well. They keep printing new money, people get it because it is a stablecoin after all and they could gain interest with it, and it keeps printing more and more because there are people who would like to earn more from it as well.
I do not know how long it will go on like this since if there is a lack of interest that could result with lower price of sbdo but the price of bdo is stable and pegged to 1 dollar and will never change so you can't lose money there. It is both stable like you want it, and it is also a way to move from crypto to usd if you think crypto currencies will fall, and you make a decent return while waiting as well.