I am not talking about people in United States or European countries that are spending Euro, or UK or countries like Kuwait, South Korea or Japan that their currency are not inflationary like the local currencies in countries in Africa, South America, Asia or some countries like Turkey.
The people in countries that have high inflation rate prefer to save foreign currencies like United States dollar. Stable coin was created and most people from these high inflation countries prefer to save stable coins.
If you have your money in banks, you do jot have the complete control. If you save stable coins, most of them are centralized and you do not have complete control and they can fall out of peg and be lesser than the money they are pegged with they become. Example of the pegged coin was Terra Classic USD (UST) which was $1 before but now
$0.01186444If bitcoin price have increased, I can decide to convert some to USD or stable coin. Which one is better? Or is there other alternative which can be comparable with bitcoin in a way it would be independent and having full control characteristic.
kinda sage words well i think the prices of dollar seems to go high in future so i think we should hold some usd and we can sell them when the value will be on its peek but if you are thinking of holding cryptocurrency you can also hold usdt and when the value of usdt goes up you can than convert these usdt into btc when btc value goes down as we know that this month is the month of taking entry into the market so alot of investors are taking entry and some of them waiting for the btc get more dump according to their analysis. Own analysis is very important before taking entry into the market so i always prefer people to DYOR befoer taking entry into the market. In that way we can generate alot of profit. Holding Stable coin is also kinda good idea we shoulda hold some of them according to the DYOR technique