Post
Topic
Board Beginners & Help
Re: Unbacked stable coins are a big danger
by
Dunamisx
on 01/04/2024, 16:54:07 UTC
We have Bitcoin and it is a very good coin.
Many people are in favor of Bitcoin because it is a store of value and we can hedge inflation against it.

When there is  bitcoin, i don't see a reason to of going for stablecoin, we can only hold our asset in it for a while before we exchanger it for bitcoin, there are many advantage in which we can have in holding bitcoin over stablecoin, such could be as it has been highlighted having proof over inflation, we can as well earn profits in holding our asset in bitcoin than when we do with stablecoin, some have believed that stablecoin is just a crypto but has similarities of fiat because of the value and influence of inflation as it has been pegged with USD.