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Investing in Stable Coin

  • Thread starter Thread starter Nomad
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Nomad

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Have you invested in any stable coins? Well, I haven't. That's because unlike other coins that can gain value rapidly, stable coins do not gain value as they are pegged with fiat currency. However, some exchanges give you a good returns on your stable coin investment if you put your assets in the reward pool.
 
Investing in stablecoin is the same as investing in fiat currency but with even more risk, even if they give me good returns I am not at all interested in investing in these coins, because they are the most centralized cryptocurrencies in the entire ecosystem.
 
I also do not invest in stable coins even though the APY for stable coins is higher than most crypto currencies. Binance was once giving upto 17 percent APY.
 
I currently invest most of my money in crypto because it is currently a bull market and therefore it is more profitable, but even this winter I invested most of my funds in stablecoins because the profit in staking was very high. Now I only keep 10 percent in stablecoins
 
Staking rewards with stable coin is high but you will not benefit from thew investment because stable coins have stable price point.
 
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