Quote from: fzkto on Today at 06:20:57 PM

Quote from: jrrsparkles on Today at 05:31:06 PM

Quote from: Sanni_w on Today at 05:15:06 PM

Nothing is safe as long as they are under cryptocurrency

Stop blabbering, crypto currency is not an authority to say there is something under them and the term crypto currency is generally used to address the decentralized peer to peer mode of transaction which is completely safe no matter what.

Stable coins aren't really a cryptocurrency they are using blockchain technology but hold high risk than fiat.

You also contradict your own words. Cryptocurrency is a blockchain and stabelcoins are built on the blockchain of different projects like ETH or TRX, BNB, LUNA Cheesy

. Except there is no security in any of these projects. I will not talk about LUNA. But BNB and ETH can block your funds, so using stablecoins cannot be called safe for any of us.

What I meant to say is cryptocurrency uses the blockchain technology but the utility of blockchain is beyond cryptocurrency for example to poll election votes do there will be complete transparency and will be caught if tampered.

Stable coins uses centralized blockchain which means the project itself control the nodes where as the true cryptocurrency like bitcoin are decentralized not backed by anything simply got the value from demand and supply.