I don't really have any preference when it comes to stable coins. They're all the same to me. Though I try to avoid USDT like the plague as there have been a lot of horror stories with them lately, causing problems to traders that takes weeks or months to resolve.
USDC was good for a while, and is also good for small transfers from exchange A to exchange B, but it is recommended that you immediately exchange it to some other tokens and not keep it as it is as it's still a stable coin wherein they can do what they want. No reports of USDC being frozen or anything, but just to be safe.
USDC was good for a while, and is also good for small transfers from exchange A to exchange B, but it is recommended that you immediately exchange it to some other tokens and not keep it as it is as it's still a stable coin wherein they can do what they want. No reports of USDC being frozen or anything, but just to be safe.
Thanks for replying. If it is advised to immediately exchange stable coins to another coin/token then what is the point of converting it to stable coin in the first place anyway???
The only reason to convert a coin such as ETH or BTC to a 'stable coin' is to take profit and hold it for bear market and buy back the original coin. If it is not safe to convert it to stable coin then how can you take profit in the bull run??
Cheers