What do you think about stablecoins, some scandals around them and their future? It is interesting to hear the opinion of the members of bitcointalk
Well many projects now creating stablecoins we should know how stablecoins work and is it really backed by real dollars or not since there is already an incident on stablecoin that we never forget. Personally, I love to stake stablecoin since their APY is not that bad in this bear market.
Exactly, not all stable coins are recommended moreover for holding. If we are going to invest in crypto, it is not in stable coin, but in Bitcoin is the best. But if we only want to keep our money in crypto and are able to use it sometimes whenever we want, we may use stable coins that are trusted and have been very popular used.
Although we know that stable coins don't mean that the price or pairing will not change. There are sometimes the rate will be dropped or rise up.
Here, you may analyze further to check USDT, BUSD, CUDS, or DAI for recommendation