Post
Topic
Board Economics
Re: Stable coin or having USD in bank
by
summonerrk
on 04/09/2023, 12:37:58 UTC
That's why I like to save dollars, unlike Stable coins,
Where do you keep your dollars? If your local bank allows you to store foreign currency, that's pretty good. In fact, most of the freelancers in my country keep dollars in private financial platforms which are more subject to corporate-based jurisdictional regulation, their difficulty is in the event of transaction disputes. Dispute resolution is easier when dealing with services from the country itself.

In my case, everything is much simpler.
I buy cash dollars in the bank, after which I do not put them on the account at interest, but take them with me. I don't like the terms of investing in US dollars as they are about 3 percent per month. This is too small a percentage compared to the risk that the bank may prohibit ina from withdrawing dollars from the account.
And I have already had the experience of such dollar retention in my country! So the risk is too big.

Of course, I do not transfer all my money into dollars without exception, I maintain diversification, so I also buy cash in euros. And of course I invest in cryptocurrencies, as well as a little in shares of industrial campaigns and banks.