but not all stable coins are good for the future and I will take the example of the UST coin.
previously, UST or Luna was known as a stable coin and had high interest in all markets. there are so many big investors who save money in Luna coins so they are not affected by the fluctuating crypto prices. but in reality Luna was like throwing away coins and the price went down very deep. and after that incident, some big investors were afraid to keep big money in stable coins.
but for me keeping money in USDT or USDC coins is a stable coin which is safe and has a very good reputation for the future. but it's all back to each one to start research before putting money into some stable coins
The difference is that Luna (UST in this example) was an algo stablecoin, which meant that there weren’t actually money behind it to keep it at 1 dollar, but it meant that you would be profiting from it when it went under 1 dollar so it was in everyone’s best interest to keep it 1 dollar since you would profit from it.
But eventually someone with more money than the whole market came in and took advantage of that and made a ton of money from it, maybe even doubled their insane holding. It took a lot of money from the Luna team to try and recover but they failed. So, I am not shocked about the fact that it went down, it wasn't similar to BUSD or USDT in logic.