Now we see why the USA moving towards crypto and they created new dollar the USDC and USDT and other stablecoins to make sure people have a lot ways to adobt dollar.
If eur and gbp will be out of the pictuere then imagine dollar purache power..... it's like 1000000% value.
You better stack up the dollars
dollar is now like ico you get in early
If eur and gbp will be out of the pictuere then imagine dollar purache power..... it's like 1000000% value.
You better stack up the dollars
dollar is now like ico you get in early Please the US aren't moving into crypto and neither are they trying to make you adopt the dollars through crypto. I have a feeling the US are going to be the last to adopt crypto. They don't want to give up the power of the dollars and adopting crypto will do just that (that's what the lawmakers will be thinking). I'm never for hoarding fiats except when it's against other fiats like how we in Nigeria are hodling dollars instead of our local currency Naira.
Stablecoin is just like an online or Blockchain fiat that has the same value as the physical currency. The value of the physical fiat will reflect in such stablecoin. Stablecoin decreases or value increases just the physical fiat version. So having a stablecoin wouldn't contribute to the stability of any traditional currency.
Worst to hodl stablecoin like USDT, better you hold your fiats that you can be sure you can spend than imaginary money that mightn't be backed tomorrow as you try to exchange it. We have seen several stablecoin completely vanish from existence, none is above that so think before trusting them that much. Using them for short saves is ideal but anything long term is a no, they're no different from fiats.