In times of need or when traders or investors think this is time to stop their trade and keep their value before volatility, they can exchange their cryptocurrencies with stable coins. Job holders in cryptocurrency related firm can get their salary on the basis of stablecoins and remittance fighters can use it to send their remittance to their native countries within few minutes.
Stablecoins are really important, and in lots of ways. I don’t live in the US, but I like investing in the USD as a way to save value when my country’s currency is falling. And after I invest in bitcoin or any other cryptocurrency and I want to sell them, I like to keep part of the returns from the investment in USD. Having Stablecoins such USDT has made it a lot easier, quicker, and even cheaper than it used to be.
Now I can buy the dollar at cheaper rate than I do when I make use of the normal methods and apart from that, it feels good holding a cryptocurrency that is stable.