Do You Use Stable Coin

[Nomad]

Stable coins are crypto coins that are pegged with real currency in 1:1 ratio. For instance 1 USDT equals $1. Stable coins were created to address the issue of high volatility in crypto market. USDT, USDC, DAI are some of the popular stable coins. While USDT and USDC are backed by traditional fiat currencies, DAI is backed by cryptocurrency collateral. The goal of a stable coin is to provide a reliable alternative to the wild price swings in crypto market. Do you use any stable coin?

 

[arunima]

I am not into crypto currency of any form. But yes, I have heard and read about stable coins on few forums and recently read an article in one of the newspaper. The article talked by the crazy price swings and how stable coins can provide a balance there.

 

[Urvashi]

No, I don’t use stable coins. Cryptos are still illegal in my part of the world.