Can You Get Profit From Stablecoin?

How about you can earn interest on crypto that you keep in your wallet? Moreover, the crypto's price is relatively stable. Wouldn't that be fun and make your crypto portfolio grow even more?

If you know crypto from 2017, you may see how crypto prices can skyrocket in a short time and on other days fall more than 50% in just a short time too. Yeah, the crypto price is very volatile.

With crypto prices that are very volatile up and down, some people can become rich in a short time and on other days some are bankrupt suddenly.

It is not dependent on the fundamental of the coins or tokens but on the market sentiment that moves crypto price. (I have read it somewhere before but I forget where I read it).

Is there any crypto whose price is relatively stable?

Of course, there are cryptos that the price is relatively stable. It's called stablecoin.

What are stablecoins?

Stablecoins are cryptocurrencies whose values are tied to those of real-word assets such as the U.S. dollar. They were developed in part as a response to the price volatility experienced by traditional cryptocurrencies such as Bitcoin, whose utility as a form of payment is limited by rapid changes in market value. Stablecoins are a type of cryptocurrency that is built to offer more stability than other cryptos. Some are actually backed by a reserve of the asset they represent; others use algorithms or other methods to keep their values from fluctuating too much. Source

How do you get profit/money from stable coins?

I guess now you have a question in your mind, how you can get a profit from a stable coin because its price won't skyrocket like another crypto. If you invest in other cryptos, the price may be up to 1000% someday but it won't work with stablecoin whose price is relatively stable.

But you can earn interest on crypto or stablecoin you have. One of the stablecoin that offer you the best interest rate is HBD.

What is HBD?

HBD is not an abbreviation of Happy Birth Day of course 😂. But, [HBD or Hive Backed Dollar](https://leofinance.io/@crypto-guides/what-are-hive-backed-dollars-hbd) is a stablecoin on the Hive blockchain.

You can convert HBD into $1 USD worth of HIVE with the help of HIVE network ability. This means you can convert HBD to HIVE or vice versa as long as the HIVE blockchain is up and running.

At this moment, you can earn a 20% interest rate on HBD Savings on your HIVE wallet. With a fairly high interest rate, making HBD Savings is a pity to ignore. It's even possible that this is the best way to earn interest on crypto at this moment.

I hope my post can help you have an image on how to get profit from crypto stablecoins.

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