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 personally use USDN and EURN (decentralized Neutrino stable coins on the Waves platform).
I felt the same way as you two years ago, increasingly worried about using centralized stable coins. In my search I came across USDN, which I have been using for about two years now and am very satisfied. In addition, there were also some crashes and highs during this time and the coin has always proven its stability. Another positive point, you can stake USDN and EURN for 10+% per anno at the moment. So its a good way to park money for some time.