Post
Topic
Board Altcoin Discussion
Re: Help a newbie choose a better stable coin
by
AmoreJaz
on 04/06/2022, 20:34:15 UTC
I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

Sorry to disappoint you but stable coins are not a form of investment. instead stable coins are rather a store of value so storing stable coins would not increase their value. Secondly, at this time, i think it is very reliable to store stable coins in usdc or busd. And also, be sure to store your assets in a decentralized crypto currency wallet

tbh, i am more confident with busd rather than usdt. as usdt admitted before about their non 100% backing of assets, what is the chance that they are still not 100% backed even if there are audits happening? but take note that if you are storing a stable coin, you are not aiming for profits here because the value is supposedly pegged always at $1. you are just avoiding high volatility of crypto in the market.