Are Stablecoins worth investing in?

[WhiteHouse]

One of the issues with digital forms of money is their instability. As a Digital resource that has no genuine association with this present reality, digital forms of money have neglected to acquire the normal worldwide acknowledgment because of their unpredictability. The idea of stablecoin came into the image to tackle this issue and advance the mass selection of digital currency across the world.

Stablecoin alludes to a digital money with a monetary worth that is "fixed" to another cash, for example, the US Dollar. Stablecoins permit clients to purchase, sell, and exchange blockchain resources that impersonate the costs of official monetary forms. Stablecoin is a sort of crytpocurrency with a lesser-unstable cost when contrasted with different resources, for example, gold, fiat monetary forms, and different products.

Stablecoin is presently being utilized in the crypto market to limit risks during high stability periods in the market.

 

[Kayzzy3]

One of the issues with digital forms of money is their instability. As a Digital resource that has no genuine association with this present reality, digital forms of money have neglected to acquire the normal worldwide acknowledgment because of their unpredictability. The idea of stablecoin came into the image to tackle this issue and advance the mass selection of digital currency across the world.

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Stablecoin alludes to a digital money with a monetary worth that is "fixed" to another cash, for example, the US Dollar. Stablecoins permit clients to purchase, sell, and exchange blockchain resources that impersonate the costs of official monetary forms. Stablecoin is a sort of crytpocurrency with a lesser-unstable cost when contrasted with different resources, for example, gold, fiat monetary forms, and different products.

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Stablecoin is presently being utilized in the crypto market to limit risks during high stability periods in the market.

No! To cut the chases, I don't see how you can gain in the short term investing in stablecoins with their current state, do you know that some of them like USDN of waves is static on $1? It doesn't change position.

For me stablecoins are good for security of an asset you are afraid will loose value, just exchange them for stable untill the storm passes.

 

[Niftyyem]

Anyone hardly invests in stable coins for the purpose of making profits, they mostly use it as an hedge against fluctuations and for buying of Cryptos.

 

[Ralphjoe]

Stablr coins are not cryptocurrencies for investment purposes but for payment purposes because of their stable nature, they don't increase in price neither do they decrease in price rapidly.

 

[Blessedsam60]

You can covert or buy with your fiat currency some stable coin. The most stable coin is USDT Theter. It's very stable as its value is Always same as dollar I.e 1 USDT is equivalent to $1. If you should keep your money in bank e.g Naira, it might loose some value.

 

[Sake]

Why though? Why invest in stable coins when they're not going to rise or fall. It's only good for buying Cryptocurrency and for trading. So you can secure your money.. other than I don't know.. i don't think it's worth to invest purposely on a stable coin. It's just like fiat... Exactly like fiat

 

[Justin]

I just don't understand the concept of stablw coin. If the stable coin is equivalent to usd, or eu, or any other currency, how will the investors benefit? I mean the chances price increase is minimal

 

[Abdul Naveed]

Investors in stable coins make money by receiving profits from newly issued coins that are given to them to hold shares of stable coins. Investors are hoping to buy a "mini-machine" that will give them new coins that they can sell again.

 

[kayode10]

One of the issues with digital forms of money is their instability. As a Digital resource that has no genuine association with this present reality, digital forms of money have neglected to acquire the normal worldwide acknowledgment because of their unpredictability. The idea of stablecoin came into the image to tackle this issue and advance the mass selection of digital currency across the world.

Stablecoin alludes to a digital money with a monetary worth that is "fixed" to another cash, for example, the US Dollar. Stablecoins permit clients to purchase, sell, and exchange blockchain resources that impersonate the costs of official monetary forms. Stablecoin is a sort of crytpocurrency with a lesser-unstable cost when contrasted with different resources, for example, gold, fiat monetary forms, and different products.

Stablecoin is presently being utilized in the crypto market to limit risks during high stability periods in the market.

I will assume that stablecoin is one of the latest coins that comes to the market. nothing should stop you from investing in these coins if you have interest in it and you believe that it is likely to rise in the future. But avoid investing blindly, as this can cost you money. Before you invest your money, make sure you do research about the coins you are willing to put your money on.

 

[Jlife]

They are called stablecoin because they do not have a good future of becoming valuable in the future and that means no matter how much they invested in that cryptocurrency there is still higher possibility that it might still be in that position that is why is not worth investing in it.

 

[GIFTMICHAEL]

One of the issues with digital forms of money is their instability. As a Digital resource that has no genuine association with this present reality, digital forms of money have neglected to acquire the normal worldwide acknowledgment because of their unpredictability. The idea of stablecoin came into the image to tackle this issue and advance the mass selection of digital currency across the world.

Stablecoin alludes to a digital money with a monetary worth that is "fixed" to another cash, for example, the US Dollar. Stablecoins permit clients to purchase, sell, and exchange blockchain resources that impersonate the costs of official monetary forms. Stablecoin is a sort of crytpocurrency with a lesser-unstable cost when contrasted with different resources, for example, gold, fiat monetary forms, and different products.

Stablecoin is presently being utilized in the crypto market to limit risks during high stability periods in the market.

Stable coins as the name implies is something that we need to invest money into because the problem about unstable coins is that you can't predict the future. There is no much gain in an unstable currency like the cryptocurrency that is why people are losing and gaining at the same time.

 

[Damscooguns73]

Concerning if stablecoins is worth investing in. Well, I don't see any reason or idea in buying or investing on stable coin like USDT because they dont actually go high like that over a long period of time i.e, the volatility rate is very low and not encouraging unless you want to carry out transactions on it.

 

[Bangiszz]

Yea, stable coin is the best coin to invest in. In crypto there are many types of coin, stable coin and others.
Stable coin is the best coin to invest in presently

 

[Victor72]

Well as for me I don't think stablecoin what investing in this is because you are supposed to invest in a business that will profit you. Not a business that you can't expect any income

 

[Cash%]

Yea, stable coin is the best coin to invest in. In crypto there are many types of coin, stable coin and others.
Stable coin is the best coin to invest in presently

I dont see it as the best considering the fact that you can't earn profit trading stable coin. Its impossible to earn profit trading so i don't invest in stable coin too.

 

[Mostee501]

Stable coins are worth investing in and can be changed to any other form of digital coins in the market,when you notice a decline in an unstable coins, you can change it to stable coins to be on the safer side.

 

[Eodine]

If you want to put money in stable coins then you shouldn't consider it as an investment because they were not created to be volatile thereby might not increase so one might just consider it as a savings bank with no additional charges, lol.

 

[Ehizzy1]

Stable coins are worth investing in and can be changed to any other form of digital coins in the market,when you notice a decline in an unstable coins, you can change it to stable coins to be on the safer side.

They are mostly used for holding incase your country currency is devaluing in a high rate, just like for example the emergence of usdt

 

[GIFTMICHAEL]

Stable coins do increase, if the currency it is representing in the digital world increases. So in my own way, I'll say stable coins are still profitable.

 

[Nomad]

I don't see any points in investing in stable coins. These stable coins are pegged with fiat currency, for example the value of a certain stable coin might be fixed at $1 per coin.