WHAT IS THE SAFEST STABLE COIN RIGHT NOW TO HOLD AND USE?
With the recent news arising in the crypto space in the past few weeks regarding how stable coins are turning into unstable coins. The big question now is What stable coin is the safest right now to hold and use?
We have all heard about UST, and how things have turned out. What is the hope for other stable coins?
Link to Post Recently another heartbreaking news burst the space again as another stable coin $DEI lost its peg to the dollar.
What is the hope of other stable coins?
I know a lot of investors have this question on what stable coin is safe right now.
Some are considering holding fiat instead of stable coins because they have some regulations. Should we now switch to fiat to be safe? There is no safety in fiat either. As the inflation of some fiat will continue to rise.
WHAT ABOUT BUSD?
After the crash of the UST last week, BUSD seems to be pumping instead of dumping. Does that mean that BUSD is safe?
My thoughts on the safety of BUSD are that it is almost the same as fiat, as it is simply going to be regulated. Just as what the guy on the screenshot said.
WHAT THEN IS SAFE?
I have carefully followed up on the recent moves of the Hive Backed Dollar (HBD), If you are considering holding any stable coin or one to use I can recommend it, I'd simply invest more into HBD. Because I believe this is secure compared to other stable coins.
You still have your research to make. What I always advise is not to put all your eggs in a single basket. When it comes to investment, learn to diversify your investment.
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