Scraped on 22/07/2025, 14:35:34 UTC
It's too risky, because the platform where you are staking can go rogue anytime, disappearing on the internet with your money. Even if it's a registered company, hardly ever you are going to be fully refunded in case something goes wrong. And that isn't an uncommon thing to happen in this industry...
Also, staking stablecoins must be similar to investing dollar withcurrency within your local bank. And on this aspect, traditional banks are more advisable, because the law of the country can assure certain guarantees. Here in my countriescountry, for an example, investments by R$250,000 (local currency) are protected by credit guarantee fund clause. What means if the bank goes bankrupt, you still receive your funds back by that amount.
Original archived Re: staking stablecoins good?
Scraped on 22/07/2025, 14:30:53 UTC
It's too risky, because the platform where you are staking can go rogue anytime, disappearing on the internet with your money. Even if it's a registered company, hardly ever you are going to be fully refunded in case something goes wrong. And that isn't an uncommon thing to happen in this industry...
Also, staking stablecoins must be similar to investing dollar with your local bank. And on this aspect, traditional banks are more advisable, because the law of the country can assure certain guarantees. Here in my countries, for an example, investments by R$250,000 (local currency) are protected by credit guarantee fund clause. What means if the bank goes bankrupt, you still receive your funds back.