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.

 

[Fidelia]

I have gotten a couple of payments directly from crypto exchanges using USDT. Many of my clients from outside my country prefer to pay with stable coins through Bybit. And I get those payments.

 

[Deep]

No, I don’t use any stable coin, but I do understand their purpose of reducing volatility in crypto markets.

 

[Nomad]

No, I don’t use any stable coin, but I do understand their purpose of reducing volatility in crypto markets.

I think you should be using them. transfer is free within some networks. This will reduce fees for transfer.

 

[Sanjeev]

No, I don't deal in the Cryptocurrency. Also, I don't have an interest in it because we cannot trade in it here because of the high taxes we have to pay.

 

[Nomad]

No, I don't deal in the Cryptocurrency. Also, I don't have an interest in it because we cannot trade in it here because of the high taxes we have to pay.

In my place, it is not even legal.