Stable coins can be profitable.

[greenie]

So stable coin price is depended on the currency it is attached. For instance, if it is pegged with USD, the coin value will increase and decrease according to the USD. It seems to be less volatile.

 

[Josephjossy]

It can be profitable depending on the country you live in, if you live in a country like USA, it will still be the same with dollar so it is not profitable there, but if you live in other countries, it may be profitable in your country. So it all depends

 

[Monster Masterpiece]

It can be profitable depending on the country you live in, if you live in a country like USA, it will still be the same with dollar so it is not profitable there, but if you live in other countries, it may be profitable in your country. So it all depends

It is EURT or Euro Tether means the solutions are available for all residents in the United States Of America or overseas but the most coin known is USDT or USDC.

 

[James]

Most of stable coins have same value of US dollar so it doesn't make you profitable in terms of holding but you can make profit on staking as many have option to earn 5% return so that way you can gain some profit.

 

[Gandiba]

Stable coins are really profitable, especially for people living in countries like Nigeria where the local currency is always deprecating. It's going to be really profitable owning stable coins.

 

[Sotherefore]

It could be done that way but this is never a get-rich-quick scheme because most times it will definitely take a lot of time for you to observe a good different in these stable coin. The volatility is very slow and the potential of making profit is also slow at the same time.

 

[greenie]

The only way I think stable coin can be more profitable to those holding it is that if they buy the coin and it's lower when compared to the price of their local currency and when there is inflation for local currency they will make profit.

 

[Laurentta]

It is true that stablecoin is profitable. It will really favor those that have enough stable coins to sell when the price is low to their local currency and not when it is high.

 

[Joseph555]

If you watch the crypto market sometimes stable coins do lose value and appreciates too. You should ask yourself what really made them to be fluctuating when they should be static??

 

[Skysaint]

Of course, they can be very profitable and that's what many are making use of to circumvent the effect of this very harsh inflation thing that's been going on for a while now.

 

[tyrim88]

The stablecoins are known to be coins with fixed value that is they don't go be on $1 but I discovered that one can still make money from disc stablecoins in the sense that the exchange rate for the dollar currency varies from country to countries and they are not so stable so if one has enough stablecoin when the price is low to your Local currency you can buy more when sell when the price increases. Share your views

That could be the only reason where you will have to get some value from your stable coin,because if your local curency is not stable you can actually exchange it with your stable coin.

 

[Good-Person]

That could be the only reason where you will have to get some value from your stable coin,because if your local curency is not stable you can actually exchange it with your stable coin.

Unfortunately, many people lost a lots of money after investing in many stable coins like the TerraUSD when the blockchain of the coin collapsed in a bad manner.

 

[tyrim88]

Unfortunately, many people lost a lots of money after investing in many stable coins like the TerraUSD when the blockchain of the coin collapsed in a bad manner.

That is one of the disadvantages of cryptocurrency,one should be prepared for things like this,it's value are not stable,but keeping your investment in stable coin and in a trusted platform should be a good drive.

 

[Danny4cash]

Stable coins have same value as dollar which means that when the price of dollars increase in comparison to your local currency, the price of stable coins will increase. And when it the price of dollars decrease when compare with your local currency, it'll also decrease. So, making profit from stable depend on your local currency. If your country currency is always falling and rise against dollar, you can leverage on the difference between your local currency and dollar to make some money through stable coin.

 

[Mohammed Rashid]

Although Stables Coin may be profitable, I believe that because the coin price is constant, we will not see increased profits.

 

[Agbalagbaa]

I don't really know how stable coins work, I'll ore than appreciate it if someone helps me out here, how can one earn money online with them, thank you in advance.

 

[FishNPips]

Of course they can be. When staked and used to interact with smart contracts decent yields can be made on stable coins.

 

[Sotherefore]

I don't really know how stable coins work, I'll ore than appreciate it if someone helps me out here, how can one earn money online with them, thank you in advance.

I used stable coins to store some of my money because they are not volatile , they are just as stable as the u.s. dollars so indirectly if you are investing in stablecoin you are investing in the u.s. dollars.

 

[Agbalagbaa]

I used stable coins to store some of my money because they are not volatile , they are just as stable as the u.s. dollars so indirectly if you are investing in stablecoin you are investing in the u.s. dollars.

Wow that's seems to be a good idea, I will like to be investing my money on stable coins aswell, can you recommend a stable coins that I will save my money on.

 

[Bigi_]

As such, the price of a stablecoin will vary depending on the currency it is linked to. For example, if it is pegged to the US dollar, the value of the coin will go up or down depending on the US dollar. It seems to be less volatile.