Are Stablecoins worth investing in?

[Sotherefore]

Stablecoins are really important to me. I rather make use of stable coins currently than for me to invest in volatile currency when the market is not predictable. It's saves so many people from the current bearish market.

 

[Prince]

Can You Invest in Stablecoins? Stablecoins are used as a niche currency in the crypto world — and don't make for great investments. They are better suited for digital transactions and converting digital assets to and from “real” money

 

[Bigi_]

Few people invest in stablecoins to make a profit, but mostly as a hedge against volatility and to buy cryptocurrencies.

 

[Skysaint]

The stable coins are actually worth our consideration for choice of investment because I certainly believe that it's better than saving up money in the bank where it would be devalued.

 

[Sincerem]

Stablecoins is the best in the sense that the value of your money will always remain in its place most especially people that are not interested to experience high volatility. It can increase depending on the economy of your country since it is a stable coming.

 

[Connor909]

For investors looking to lessen the volatility of their cryptocurrency holdings, stablecoins can be a suitable choice. In order to maintain a consistent value, stablecoins are frequently correlated to tangible assets like the US dollar, euro, or gold. Investors who are concerned about the price swings of other cryptocurrencies like Bitcoin or Ethereum may find this to be more stable.

 

[Monster Masterpiece]

It is helpful to keep some funds away but I have heard even USDC value falls by 10 % means even save on stable coins is risky so you should be more aware from these stable coins.

 

[Grant]

I think compared to your typical cryptocurrency, stable coins are a bit more safe. In that you're investing into a product or item rather than some dudes pocket or system. Like there's more safety in place with stablecoins than traditional crypto. At least that's what I hear.

 

[Riberet19]

I think that really the stablecoin have not fully demonstrated that they are a totally safe or risk-free investment, since they have lost many times the peg or have even gone bankrupt some like UST, it is in the decision of each one to weigh the risks and decide.

 

[Mayorla]

Is stable coins an investment? I don't see it as such since it is pegged against 1$ most times like USDT, USDC etc. It can be a form of investment if you probably do not use the dollar currency in your country.

 

[Kennysplash]

Just as the name implies stablecoins are coins that don't change in price at all. When compared to other cryptocurrencies it maintains a stagnant price and it does not go home or go down at all. So investing in it is not worth it.

 

[Yohanna]

There are several ways at which you can be utilised the stablecoin to make money in the cryptocurrencies space and you can use this medium to make money on the peer-to-peer platform of cryptocurrency exchange.

 

[Trey]

Stable coins are not really for investment. It is mainly used to receive payments so that the payment would not be affected by the volatility of the crypto market. Even if the market dips, your payment is secured with stable coins.

 

[Planbizzle]

Investors who wish to hold a cryptocurrency but are worried about its volatility may find stability in stablecoins. Investors who want to trade cryptocurrencies fast and simply without paying the fees and experiencing delays connected with transferring fiat currencies may also find them handy.

 

[Jonaville]

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 think I see that as a way of saving money and not as a way of investing because investment is surely going to make your money to add up but this one will just allow your money to be stagnant

 

[Ononivami]

Investors who wish to hold a cryptocurrency but are worried about its volatility may find stability in stablecoins. Investors who want to trade cryptocurrencies fast and simply without paying the fees and experiencing delays connected with transferring fiat currencies may also find them handy.

Thanks for sharing a wonderful idea! it's going to be helpful to members in here. The stability helps to shield cryptocurrencies away from fluctuation, however, if you are afraid of the volatility, you can keep your assets in stablecoin.