I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
I mostly use USDC stable coin for my trading and deposit/withdrawal transactions because I think it is the best stable coin created on ERC-20 and backed by !:! bases by Fiat currency. The USD Coin is the second largest stable coin by market capitalization, sitting in the 32nd position overall.
It’s not too surprising that since its launch in September 2018 it has grown so quickly since it was created by the Centre Consortium, which is a collaboration between Coinbase and Circle Internet Financial.
https://www.coinbureau.com/analysis/best-stablecoins/