When planning to protect yourself against volatile crypto market prices, which type of currency do you prefer? A stablecoin, or a traditional Fiat currency (USD, EUR, JPY, etc)? Why did you make that choice? Would you prefer holding either currency long-term? Or crypto is better for that?
Your input would be greatly appreciated. Thank you.
Your input would be greatly appreciated. Thank you.
Choosing between stablecoins and fiat money depends on what you need.
Stablecoins are like digital money that stays about the same value all the time. They're good for fast and cheap transactions, especially if you're sending money to someone far away. They're also handy for trading cryptocurrencies quickly without changing them back to regular money.
Fiat money is what we use every day, like dollars or euros. It's backed by governments and banks, so it's stable and widely accepted. You can trust it, and it's protected by rules and regulations.
Which one you pick depends on what you're doing and what you need. Sometimes, using both together is the best choice.