Investing in Stable Coin

[Nomad]

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.

 

[Riberet19]

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.

 

[Nomad]

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.

 

[deucher]

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

 

[Nomad]

Staking rewards with stable coin is high but you will not benefit from thew investment because stable coins have stable price point.