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What do you use stable coins for?

  • Thread starter Thread starter Nomad
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Nomad

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Do you use stable coins? What do you use them for? Well, I use stable coins as a trading pair. I also use stable coins for P2P trading. Sometimes I use stable coins, mostly USDT to earn interest from the reward pool. I sometimes use stable coins as a hedge against market risk.
 
Right now I don't use Stablecoins, since I saw the announcement that Tether is going to monitor the entire secondary market on all the transactions that are made with the stablecoin thanks to chainanalysis, it seems to me that these coins are too centralized and I am not interested in them.
 
Most stable coins are centralized so are the crypto coins. Cryptocoins that are created by private organizations are also centralized even though they claim to be decentralized.
 
Most often, I use stablecoins for staking because the profit is quite good and much more than that of simple cryptocurrencies. Also, I often use stablecoins to pay for some services on the Internet because it is fast for me and now I have more money on the exchange than in my bank account
 
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