Stablecoins are cryptocurrencies designed to stay steady in price, usually tied to the US dollar. They’re popular for trading, moving money across borders, and avoiding the volatility of coins like Bitcoin or Ethereum.
The big question is trust. Are these stablecoins fully backed by reserves as they claim? Regulators are paying attention, and how these concerns are handled will shape whether stablecoins remain a reliable tool in crypto.Do you trust stablecoins to stay stable long-term?
They have proved their reserves and so, this topic will still keep on coming for others to see it and that's okay. I think that many are concerned about it and that's the reason why others don't want to put money into stable coins because they're curious and not trusting to them. That's okay because it's understandable that not many of us will believe to the stable coins. I've seen it in the past that many have been worried about it and it's just money out of thin air, well, they're not wrong but at least it's being talked about and proved some of it are real.
You’re right, trust is the biggest issue with stablecoins. Even if some prove their reserves, many people still worry. It’s normal to be cautious since money feels “out of thin air,” but transparency helps build confidence slowly.