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?
Stable coins are being controlled by the government which made it centralized. If you are buying or storing stable coins, your asset can be locked and freezed if the coin is suspicious and now that companies like the USDT and USDC is working on having their own network, this would not be easy for holders.
Many stablecoins are pegged to the USD while some are pegged to Pounds and Gold and I don't think the other stablecoins that are not pegged to other currencies can have the kind of liquidity that USDT pegged to USD can have.