Sometimes I begin to imagine instead of transferring my money into the bank to keep for a number of days or months before usage in form of savings that nothing will add up instead it remains stagnant or the bank charges me even more. Is it not better I save them on a stable coin such as the USDT?
Please what do you think? Will I end up losing my funds one day if I do so?
To me I feel it's good way to save.
Please what's your opinion on this?
The highest interest a bank is going to give you on a savings account will not be more than 4% in average, and your money will be invested into another company or given out as loan to other customers with high interest rate. As for USDT, if you stake your money, you have an annualized rate of investment at 7% maximum, and they used your money to do what they want, they can loan it to a venture capital to invest in other tokens, now with this do you really need banks and USDT? You don't because in the long run, the two of them are the same just operating under different uniforms.
If you don't have plans to invest your money, live if in your local bank and if it's going to be there on a long term levels, kindly invest it into Bitcoin or any other investments outside crypto. That's the only way you can see good use of your money after sometimes.