I stumbled upon a captivating news piece online titled 'Stablecoins Settled as Much Value as Visa in 2022.' It's quite intriguing. Lately, I've been engaged in discussions with my friends about the implications of the growing adoption of stablecoins as a payment option in the current global landscape. To me, it appears to be a positive trend for the world of cryptocurrenciesand us crypto users. More individuals are becoming acquainted with crypto, and it's increasingly becoming a preferred choice for many.
Stablecoins are a buffer connecting fiat and cryptocurrency. At its core, it is fiat, but in the world of cryptocurrency. Therefore, although stablecoins are a great help for participants in the cryptocurrency market, they are not cryptocurrency. The proliferation of stablecoins cannot increase their value. But since they make it easier to work with cryptocurrency, people's trust in cryptocurrency should increase. But stablecoins cannot dominate over cryptocurrencies. These are completely different financial assets.
I don't see anything wrong with holding stable coins because this is pegged to the USD and it does add any much value to the crypto market. We need to focus on Bitcoin which is the major in the market and we could make something profitable from it. Since the emergence of stable coins, people have been having options on swapping their coins to it so that the market volatility would not affect any of our holdings after we have decided to stay off volatile tokens. Stable coins like USDT are good to hold and they have a strong network based that keep investors on a more safer arena with excess fund been invested in Bitcoin.