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I am not talking about people in United States or European countries that are spending Euro, or UK or countries like Kuwait, South Korea or Japan that their currency are not inflationary like the local currencies in countries in Africa, South America, Asia or some countries like Turkey.

The people  in countries that have high inflation rate prefer to save foreign currencies like United States dollar. Stable coin was created and most people from these high inflation countries prefer to save stable coins.

If you have your money in banks, you do jot have the complete control. If you save stable coins, most of them are centralized and you do not have complete control and they can fall out of peg and be lesser than the money they are pegged with they become. Example of the pegged coin was Terra Classic USD (UST) which was $1 before but now $0.01186444 (https://www.coingecko.com/en/coins/terraclassicusd)

If bitcoin price have increased, I can decide to convert some to USD or stable coin. Which one is better? Or is there other alternative which can be comparable with bitcoin in a way it would be independent and having full control characteristic.

I understand the problem you are voicing. For many countries with a weak national currency that loses its value due to inflation, the dollar remains a way for the local population to maintain their wealth. But money is a very poor tool for this.

Actually, I'm not very good at sorts of shit, so choosing between "Stable coin or having USD in bank" remains an unresolved dilemma for me. Why would you want to enter "USD in bank" when "keep cash" is better? In control of your funds. To be honest, the dollar looks better against stablecoins due to its longer life cycle and age, which makes it more reliable. The project that created stablecoin will cease to exist earlier than an entire country that ensures the world's use of the currency thanks to its economy.

I'm not sure that there is an alternative in nature that is similar to bitcoin, independent and possessing the characteristics of complete control. If you are willing to speculate on the price of bicoin, then you will have to risk converting it to stablecoins or usd. This can't be avoided. In fact, this is a payment for the profit that you receive.

If between those two then my case, I am from Indonesia and the currency wasn't too bad, but still up and down. I would prefer to save a USD in my Bank Account rather to just hold a centralized stable-coin, the main reason is because my saving was guaranteed by the Deposit Insurance Agency, so in case something happened to the bank I suppose it would be easier for me to get my money, and fortunately my bank gives me option to save USD instead local currency.

Man, you're the first user who reply in this thread which is a same discussion Save in Stable Coin Or Save in Local Currency? (https://bitcointalk.org/index.php?topic=5464648.0)

In my case I hold all of my money in Bitcoin, I have not yet sell my coins, but not sure what will be when the bull run season come. If you want to hold stable coin, the best choice is DAI. But if your banks are accepting foreign currency investment, it's better than holding centralized stable coin due to not regulated.

The best is DAI if you want to have the complete control over your money, but not the best because it can still fall out of peg and lose value. DAI is backed by other stable coins and most importantly USDC. If USDC fall out of peg today, DAI will fall out of peg. If USDC becomes useless today, DAI also will become useless.

if it is a matter of long-term storage, then I will choose to store the proceeds from the sale of bitcoins that I have in USD and then store them in the bank. However, if it's just for investment turnover, I prefer to keep it in stable coins like USDT because it's more flexible to buy other cryptos.
Apart from that, if you are looking for something that is like bitcoin, but has a physical form and full control, then I suggest buying gold. Gold has full control such as storage and others, besides that gold is also easy to resell, and the price tends to rise. It's just that, if you are more inclined towards crypto, then saving bitcoin is a better thing.

This your thread is referring to the third world countries and not only Africans. As for me I will prefer using the US dollar to use stablecoins. When you keep you money in stablecoin and the app or site crash, your money is also gone but if you keep you money in a dollar domiciliary account, you money is saved at all time. Dollar is even more appreciating than the Fiat currency so there is no need to keep funds in stablecoin.

See what happened in Nigeria few days back, a UK based Nigerian citizen was sending money to bank account every month for years, and when she came back to check her bank account and wanted to withdraw money and what she saw just $4 and the money she sent was about $100,000 and she sued the bank to court and the court admitted that the money was withdrew by someone in the bank and the court said the bank should pay the money. So if such scenario Happened in the stablecoins savings, who will pay back the money. In stablecoin you will do KYC till you will become tired.

This shows how easy it is to give suggestions to others, but you get confused when you have to decide for yourself. I do not support keeping your money in a bank account due to its "I want to know everything" behavior. If I receive money from somewhere, banks ask where the funds come from. If I deposit money into my account, I still have to provide information about the source of the money. Even though I do nothing illegal, I do not like when banks want to interfere when I want to manage my money. It's a tough choice. What should I do to avoid inflation? My Average Income has not increased for the last two years. But inflation rose a lot. I am still surviving because I received my Income in USD. Previously, I was getting 88 BDT for $1, and now I get around 115 BDT for $1. So, I am getting 27 BDT for the same dollar. For now, I keep converting my Income to my local currency and spend it daily. I almost do not have any savings but what I have in Bitcoin. I accept when it falls; I get it when it goes up. I cannot rely on centralized entities. So, Bitcoin remained as my first choice at this moment.

Banks are centralized, prominent stable coins are also centralized however perk of stable coins is that they are easy to trade within the crypto ecosystem, plus most countries impose tax upon fiat-crypto/crypto-fiat conversions while not on crypto-crypto conversions, so converting to fiat appears to me an unnecessary endeavor.


It was obvious Terra UST was scam, I read Twitter threads warning about it before it actually fell. People were blinded by 20% interest, had they cared to investigate it's workings, it would have opened their eyes.

Same here mate, I'm also from a neighbouring country and I will say that I prefer to save a USD bank account here. Of course I'm into crypto, we all are, however, we don't trust those stable coins from the beginning. Tether for example has been on a lot of troubles in the beginning, just like accusations that they are running on fractional reserves. So it's better to really just to hedge if we want our crypto or our local money to USD just in case and not go to stable coins, in my opinion.

If the conversion rate is high, USD in the bank is actually better. But the choice of banks in my country that allow to deposit foreign currency is very few and I think the process is more complicated than getting local currency. I personally don't want to pursue only one characteristic benefit such as complete control while ignoring other potential disadvantages. Suppose I have to incur additional exchange fees to local fiat because, using foreign currency for spending isn't permitted in my country.

Why even stablecoins? Why not just use Bitcoin when you have something to say when its value increases in the future? And for sure, you also believe that its value will kick in a few months from now, am I right? Because if you're just going to save, isn't it better to save Bitcoin instead of saving money in the bank via stablecoins?
I get the point you want to emphasize on this topic, because if I don't have a choice between stablecoins and USD, I would prefer Bitcoin or other altcoins that have potential in the future if we are talking about the long term .

What if you divert the money you want to save into gold?
It will be better because it will not be affected by any problems such as inflation.
Once you have gold, you can rent a deposit box at a bank and store your gold there.
I prefer that to deposit in the bank, whatever the currency.
But saving in USD could be an option instead of saving in stablecoins.

Those countries having devalued currency, they prefer to have $ in their bank because the exchange rate still favours it against the local currency at the long run but this is a knowledge open and accessible to the rich as they travel they have access to foreign currency and as they transact in their businesses.

In some countries where the local currency is down, to have access to dollar is still a problem, to open a domiciliary account to hodl USD, EURO or POUNDS is not easy in those countries. However, hodling your cash in USD is preferred and more valuable on the long run because it worth increases against the local currency if the inflation is high.

In my opinion, stablecoins are better than USD in banks. You have full control over your money, you can transfer it to cryptocurrency or fiat at any time. Banks can go bankrupt at any moment, they can close your account at any moment, request documents about the origin of funds

If there are only two options for us, of course USD and banks will still be much safer than centralized exchanges as well as stablecoins pegged to USD. Stablecoins still have certain risks, they can still lose pegs at any time if the cryptocurrency market has problems or they themselves are attacked. But that will not happen with USD.

Yes, you are right, the bank can still go bankrupt but at least we have other agencies as well as the government that will bail us out. For stablecoins, nothing is certain.

Calculate the gross domestic product (GDP) in your country, and through it you can know how  ease and speed of converting your local currency into dollars, if you can do that in less than 12 hours during the day or less than 72 hours on the weekend, then you do not need stablecoins.

stablecoins are promises to give you $1, but there is no guarantee. unless it is difficult to obtain a dollar in your country except from the black market, and there are regulatory restrictions that limit your ability to buy and sell, and with the risk that the currency is counterfeit or received in a private place, then there is no There is a real reason to prefer stablecoins.

The possibility of the dollar being frozen in your bank account is much less than stablecoins being frozen inside your wallet or losing value.

Stable coin has more disadvantage than the fiat US dollar,which make it not good enough to put your funds in to prevent your funds from depreciating like your local currency. Stable coins is pegged to fiat us dollar and that is why fiat dollar is superior over stable coins. If a coin is depegged from dollar,it becomes useless in your wallet and one will run into great loss.

I will rather save in fiat usd rather than stable coins because it has been there for a very long time and it is one of the most powerful countries currency. The bank is the safest place to keep funds when it comes to a  centralized system and if anything happens,the government takes responsibilities of customers funds to be refunded.

Actually a lot of them prefer gold and other assets including real estate.

That's stupid in my opinion. If the choice is between a centralized shitcoin called stablecoin and the US dollar, the dollar is always the choice without hesitation.
Because for starters these stablecoins are not guaranteed to be stable, they just are stable for now and can get dumped at any time. Additionally they are always centralized or have centralized attributes which makes them terrible. For example Tether can easily be frozen!
That's not true about dollar specially in cash form.

Gold. I personally prefer standard government/bank issued coins. It is independent of bitcoin and also it is speculated to shoot up in 2024.

It's a hard choice to make. It's whether between BTC or Stablecoin and local fiat. In order to make a profit in a bull market, we need to sell our holdings. Either by converting BTC to stablecoins or selling to acquire local fiat. In both cases, it is not the best choice. The local currency is affected by inflation and you may make a loss instead of a profit during this time. And keeping fiat in banks is a no-no. There's the fear of bankruptcy.

And the problem with stablecoins is, de-pegging. Once it's de-pegged, it will lose its value like crazy. It is also a centralized asset with less safety than fiat money if you consider the risks. So the question is, what to do in this situations!

We can choose other stable assets that have been with us for centuries, like metal or stones. Such as silver, gold, or diamonds. For the time being before Bitcoin faces another dip, we can store our money in those things. Or invest. Invest in other physical platforms that will ensure a slow but steady increase in profits.

That way we can again get bitcoin whenever we want. It's all about finding the best option for the time being. And when there's an opportunity, get into Bitcoin again.

It is not a good plan to save a stable coin because it is not 100% guaranteed, but keeping your USD Fiat in any Fiat bank is 101 guaranteed because you can keep it for over a year or more, nothing will happen to it, more especially if you run a fisk deposit in the bank.


Well @Unbunplease even if you deposit your USD in a fiat bank, you will still have control over it because all banks have their own apps, so with those fiat bank apps you can still transfer your USD to anywhere and you can still withdraw it. You can also use it to fund or pay bills online, you can also get a fiat vitual card.

For me, I would rather save my funds into fiat USD since it's one of the known currency in the world and for my own reason, my mother in law is working at a money changer so whenever she wants to save money, she converts it to USD and save it. Sadly there's a few banks that are open to foreign currency as investment so the funds could work and still running. If it's on digital, I still save my money into USDT so whenever I want to buy it would be easier to buy whenever I want to invest in Bitcoin. I just don't trust my funds into centralized altcoins maybe Bitcoin would do but the high volatility of those coins could just cause your funds to be more on loss rather than to save. Just invest it in Bitcoin or any other investment such as gold, but if its about the two choices? USD all the way it has been proven for a many years.

Every country has a local currency so the banks of that country always keep local currency.  But anyone can make international payments in USD using their bank card.  But in that case his local currency will be deducted by the bank according to the current USD rate at that time. But one cannot keep his money in bank as USD if he wants.  I don't know if any bank will accept it. But it will be possible to do it through crypto.  Like holding USDT, BUSD, USDC

In my opinion this depends on your needs and see how long you hold the money, but it is better to store Fiat currency if the size of a few months, in this case is not talking about inflation but is made as a cash fund that we can liquidate anytime and anywhere, I am also from Indonesia but I don't know that there is a bank that allows its customers to store USD, may I know what bank you use?
Logically a stable coin that is not directly managed by the government is quite terrible if for long -term storage, we know that the incident in the stable coin is quite terrible compared to inflation, and some time ago I heard that Busd also had problems.

I strongly agree with your words in the last sentence, but to save all the money in bitcoin, what does that mean I do not understand in this case, I am afraid to be misinterpreted, because in my opinion saving in bitcoin is an investment, but saving money in a bank or stable coin It could be as a cash fund for the needs of a matter of months.

Depends on your goal. I'd certainly going to choose to keep my money in Bitcoin. I know it better than the other examples and even in stable coins. But there are some people that still won't change their minds because keeping in foreign currencies is what they know as the better choice.

As I've mentioned depending on my goal, since I am long term then I'll just take the risk of putting it on bitcoin and just as you've said. I can just go back to these currencies after making a profit.

Unlike going the opposite, upon conversion to Bitcoin, you probably are going to buy it more expensive then.

In countries with high inflation, people resort to different methods to protect the value of their money. The most obvious of these methods is to convert local currencies to dollars or euros. In this way, they prevent their currency from losing value.

I can answer your question as follows. When people whose local currency depreciates buy dollars and prefer the bank, the bank tells them that they will sell the dollar high and buy low. That's why people don't want to receive dollars through the bank. Because the bank takes a large share of itself and tries to sell dollars at a higher price than the dollar in the market.

The biggest reason why people buy stablecoins is that they do not want to give extra money to banks, that is, intermediaries. Of course, banks are less risky than stable coins, but many people do not prefer the bank.

It is better to have USD in the bank in terms of risk and insurance, but these banks act opportunistically and cause you to buy dollars at a higher price.

Stable coin is much better if you are holding huge amount since bank only insured a certain amount during their closure while you have full full control to your stable coin which you can react quickly if something happened since there's enough liquidity on exchange.

Stable coins is already improving in terms of legal aspect since they already have licensed issuers to guarantee that stable coins is 100% backed by real USD while liquidity is available anytime unlike banks that gives too much hassle to withdraw huge amount due to a lot of verification.

Overall, stable is better if you choose a good company that issues it.

The economic crisis is not favourite to the developing or under developing countries.It also favourite one to the developed countries sometimes,in 2008 United States also get into the economic crisis.Most of the real estate of United States was really affected and many properties in the United States was sold at the price of 1/10 of the original price.After some good president the United States economy was good now,the most of the countries holding the USD for their reserve for the future trade with the United State.

USD in bank obviously, this question is like asking whether to buy a bitcoin or a bitcoin future, we very well know that stablecoin is sort of a derivative of the USD itself, if not a direct derivative but still something whose value comes from a base so it's always wiser to buy the base itself, if you want to stay on bitcoin if you are afraid of the value.

Certainly, Bitcoin would be the wisest choice, but that's not the question here. Personally, I have a certain amount in stablecoins, and even though they're not deemed 100% safe, I prefer having them in a decentralized wallet to having money in the bank, where only they depreciate in value. At least, stablecoins can be staked for an average of 8% to 10%. I will disagree with how much control you may have over stablecoins, though, as there have been quite a few incidents with them crashing and facing issues, especially if they're algorithmic ones. USDT, on the other hand, is said to have the ability to even freeze your funds. On top of that, you cannot use them, withdraw them, or spend them on physical items at any possible moment.

Generally, though, the main reason I'd prefer stablecoins over any fiat currency is staking.

USD in a bank presents the same problem that a stablecoin has. You're still beholden to some form of institution.

USD in a bank is only safer if you trust the bank more than the issuer of a stablecoin. And I suppose you can withdraw that USD for physical cash which would be the safest option, but that limits your ability to conduct digital commerce. Many banks from low income countries are corrupt and unstable so I couldn't imagine many scenarios where it would be better to bank with them.


Not true at all. Your funds at the bank are not guaranteed.

I do agree that having stablecoins is a better way than keep it in fiat, but also keeping it in bitcoin is better than both. I live in a nation with high inflation and I do not keep much stablecoins, maybe just a bit but usually either I spend my money because I am in big debt, but now that I am getting out of debt, I will be able to get some and it will be bitcoin again.

I am not really seeing the point of saving stablecoins, sure that would be better than my own fiat in my country, but bitcoin is far superior to all of them and should be considered a lot better. I think it should be important to remember that bitcoin may have gone some period that is not nice, but it is also going to a point where it is going to be a lot better.

Satbke cois are more even better to hold than keeping your money in the bank when the value of your money can fall anytime making things hard for people. Like we know that stable coins do not face the kind of challenges our local currencies face which the government always look for ways to take the little that we have. Since stable coins can be converted to any other cryptocurrencies including Bitcoin, one can always do that and hold Bitcoin for as long as possible until better profits is made.

I think had come across a post like this before but it wasn't this way, lemme throw little light about this question. Sometimes people that belongs to the cryptocurrency industry doesn't value bank any more due to their unrealistic nature and people are afraid of collapsing making them not to save their money with their local currency in bank.
The best way to handle such situations couple with the inflation rate, they should open a domiciliary account and hold dollars directly in their account since stablecoin most time are not to be trusted. There are several drama coming from exchange and saving money either in exchange you have no private keys doesn't show wiseness at any point so the two options there is to make a dom account saving your money in USD.

That's true about USDT, the funds can be frozen based on the report or if someone has done illegally and the funds are traced. But it also means that any funds that they wanna freeze can be frozen by them.

And the main reason you have mentioned is actually good, that's what you can do if you're going to do it for the long term and won't use it. Many wallets and even exchanges do offer staking for the stable coins. But with those wallets, always check if you're holding the key.

@OP if you want more control on our fund, I would say choose stablecoin since having USD in bank is subject for regulation and you don't have a full access on the fund in your bank.  You will always need the approval of the bank to process your transaction while having it on stablecoin will more likely give you the freedom to transfer everywhere without the need of approval of third party financial institution.  Just like Bitcoin, it is also one of the features of stablecoin.

I would pick having USD in the bank over stable coin any time any day. Have you seen what is happening with stable coins? So many stable coins are facing a crisis. So many stable coins are backed by a consortium of companies like Goldman Sachs and Coinbase, and they are not as decentralized as it claims, with the ability to freeze accounts and blacklist addresses. There is just too much trouble having your money in stable coin. On the other hand, having USD in bank gives you the confidence you need to know that nothing will happen to it because of its stability and widespread use.

For now, for me, I would pick having USD in my account. It might be encountering some concerns now, but it's rate and value makes my local currency look useless in some way.  USD is rising also which makes having some in the account very valuable, because with 1$ equivalent to almost 970naira, even converting my stable coin to my local fiat would incur charges for transaction and network fees, of which would be as expensive or more expensive than just having and using USD in my account for daily transaction.

Inflation is on the high side and my local currency is increasingly losing its value against the US dollar. So keeping my savings in dollars gives me the opportunity to get the true value of my money, but between both choices. I would go for stablecoins because the procedure to open and fund a dollar domiciliary account could be really stressful and also putting into consideration bank and their stupid charges.

I know most stablecoins are centralized except DAI that's decentralized but saving in stablecoins gives me easy access to my funds. In other to mitigate the risk in event of depeging, I would diversify my stablecoin holdings into the well known ones like USDT, USDC, DAl.

Some banks will collapse for a variety of reasons and also sometimes dollars can be outlawed or confiscated in some countries.  Its not a given that a bank is a safe place in every situation people of the world may be mired in.

Access to dollar is regulated by the central bank and alot of countries, companies even are not fully compliant and able to operate within that regime.  Obviously there are sanctions active against countries killing civilians or various other crimes against humanity, these places have no proper link to Dollar.  It creates some vacumn regardless of the legal situation, liquidity for dollar access to remote people who are not within a few steps or phone calls to Washington can cause them problems.  This whole red tape restriction is what creates the free market in alternatives that assimilate this missing market across the world for a free currency.

For the citizens that are in those countries, if they are really open to Bitcoin, then I think it's better to put their money in Bitcoin because if the price of Bitcoin starts to recover, then that's going to add value to their asset. You can trade to USDt if you want and only if you want to use the money, but if you don't want to use the money, then it's better to hold it in Bitcoin, or since your country's currency is depreciating in value, you can just trade to USDt and also convert it to your local currency when you wish to use the money.

But what will happen to them if bitcoin does not recover and continues to fall further? We have no certainty about bitcoin's future.

Regarding choosing USD and stablecoin, I still think USD is much safer than stablecoin. There have been many cases of stablecoins losing their pegs and it shows that they are not as secure as we thought. Even USDT, the largest stablecoin, sometimes loses its stability temporarily, it can be said that bad things can happen to stablecoins at any time.

Bitcoin will be the best choice to put some money into long-term investment. In terms of savings, using USD is a safer option than local currency or stablecoins.

The consideration of using stablecoins to store currency values will indeed be more suitable for everyone at this time because considering that the US dollar can also be affected by current inflation and the impact of several countries that have considered using their own currency in international trade rather than US dollars. So there won't be anything wrong if you use stablecoins to store the value of your own currency apart from considering the cost which is cheaper than the fees required by the bank.

The three stablecoins you mentioned are actually both good to use, but I only prefer two stablecoins out of the three you mentioned, they are USDT and USDC. Because apart from making it easier to manage it, it can also be easier when you want to exchange it in the market because it has so many pairs with other cryptocurrencies.

This was the first question that ranged in my head when I started holding and trading Bitcoin on the spot market, and the answer is as simple as anything.

It's in two categories;

1. If I want to keep my money and not for investment, I would rather keep it in my bank account in USD. By this, it's saved from stablecoins issues as 1$ will always be equal to 1$.

2. If I want to keep on investing it and exchanging it periodically from Bitcoin to a stablecoin and vice versa, I will keep it in the stablecoin. But I've been dealing with and will only deal with USDT.

It's common in my country to put money into USD or EUR to combat local fiat inflation, but people usually keep a stash of cash rather than take it to a bank if they do that. Having USD on hand of considered a good thing because then you can exchange it for local fiat very easily if you want to, and you don't need to deal with the bank for that.
There are stable coins that seem strong enough, but I prefer fiat over those. If something happens to the USD, the stable coin will lose its value as well. But it can also crash independently of the USD if there's a sudden surge of panic selling that whoever's stabilizing the price doesn't manage to get under control. There's also a lack of transparency of how backed up the stable coins actually are and with what exactly. I simply don't trust them.

Man, of course I knew what's going on with the stable coin, the UST news is also kinda hard to be missed, that's why I said that I would prefer to save USD on my bank account, we are on the same page here, did you read my post at all?
Your reply quoting me look like that we are disagreeing, while actually we both agree on the same thing

I haven't done much research regarding this matter, hence my answer will probably be limited to what I already know or what I have just gotten from other posts here. Between stable coin and having USD in a bank, I'd say I'll go for USD. Despite possible problems regarding bank transactions and some going bankrupt, the USD has a history and has been established long enough that it gives me confidence that it will not just randomly disappear, not to mention the current crisis stable coins are facing, there is also the fear of companies holding them to just freeze your account. Hence, until I make my further research and expand my knowledge regarding stablecoins, I'd go for USD.

I don't have USD - while I don't hold USDT either for the same reason. Apart from an emergency budget in fiat - I tend to prefer bitcoin and some other high value assets. This is an option I have considered since I became familiar with bitcoin - but I do not rule out the possibility that the value of bitcoin also sometimes fluctuates which makes my estimate of USDT shrink.

OP - you need to have an emergency budget, it will help you when things get tough financially. Of course you can keep USDT - but that doesn't protect you from a security perspective in the long term. For a period of time USDT will be useful for accumulating bitcoin - so I wouldn't completely exclude it from my plans.

You should always consider that unexpected unexpected costs may arise. And if you bought bitcoin at one price, and at the time of the need to spend a certain number of coins the price fell by half - there will be losses. Therefore, you should have a certain amount of USDT

Cash is king. You can't trust banks, you can deposit whatever amount you want to but when you want to withdraw you have to give advance notice. You can't withdraw your own money from the bank whenever you want. You can't trust stablecoins either. There is always a possibility that they fall down from $1 = $1 stable coin pair.
It's best to keep the money in cash. Keeping cash in a safe at home seems like the best option for countries with high inflation like ours. Unless you hold it in BTC though, that's always the best option.

i believe it all boils down to what preference the individual wants for his money. some are just contented to deposit their money in the bank for safe keeping purposes. others, will buy some crypto who are into crypto market. at the end of the day, it depends on how you will keep your money. after all, it is your money, right?
but i can understand, some are just happy to have always cash on hand. for some business-minded people, they will invest their funds into the business they feel they have high chance of getting profits, why not? either way, you will be the one who exactly knows your financial needs. so either you put your funds in stable coin where you still need to convert it in USD for fiat needs or just leave inside bank coffers, is all up to you.

The answer will probably be, as always, in the middle. Any type of savings has its advantages and disadvantages. Keeping money in cash means that you don't get the profit that you could get in the form of dividends if you kept it in the bank. Banks control your savings, may require additional information about them, may block them, but they are also protected by law and court. Storing in stablecoins means more freedom, they are convenient to use if we are also dealing with cryptocurrency transactions. But their storage also does not always bring profit, in addition, all the risks associated with them, including possible our own mistakes, fall entirely on us.

Therefore, I think that it would be right to partially keep your money in a bank, partially in stablecoins and cryptocurrency, and some part for everyday needs, in cash. This needs to be decided based on the legislation of the host country, inflation, family circumstances and other similar factors.

Stick to the devil you know instead of looking for a falling angel as you won't find one and if you do find one, you won't be able to predict their dirty tricks like when they'll crash due to low volume or market manipulations as many stablecoin has crashed before. Stablecoin are the most riskier among the two and they're been manipulated without any regulations so anybody can get away with manipulating it while the investors take the losses. Don't save your money in fiats but if you must do avoid stablecoin.

I'll prefer to safe my money in Bitcoin as I'm not afraid of the market volatility because Bitcoin might fall this very moment but that doesn't mean it is dead, it'll always rise back up but might just take a little time although when the time is right it'll rise back and give you profits

For countries with high inflation rate, I would definitely prefer to hold USD, EUR or Gold. Stablecoins will not be my obvious choice because they are not decentralised. So my obvious choice for stablecoin will be Bitcoin and ETH and nothing else.

Ideally, people should not hold stablecoins as an investment or for capital protection. Gold is a way better choice than stablecoins for these reasons. Even Silver is better than stablecoins in reality.

If you're considering Stablecoins, why not crypto itself?

The point of holding assets is to successfully achieve two things: to earn profits from its ever-increasing value, or to prevent the devaluation of your wealth by holding valuable assets that stand the tests of time. Holding any form of currency for that matter is not going to provide you profit nor the security you need for the future. And much worse, you're basically betting on your failure especially during economic crises, where fiat is the first to fall in value out of all commodities out there. Only thing you really got going for stablecoins is that you can stake it for consistent money, but none of that's going to matter when your stablecoin/dollar becomes bed stuffing right?

As for someone like me, i will always prefer to still hold my currency in bitcoin as long as an not ready to use it or exchange it for other purpose in emergency, if i insist on USD, the value of my money will depreciate over time because of the influence of inflation, if i leave it in stablecoin, it makes no much difference as well, because there will be nothing to increase about the money as well because it's pegged in USD, but when i hold in bitcoin and lucky enough for me it fall during the bull, i will make some additional income over it than holding in fiat or USDT.

I will prefer USD still unless usa dethroned from crown and another currency becomes global hub like BRICS currency.

The comparator, which is either FIAT or stablecoin, is truly distinct from Bitcoin. You can not have such currency that is comparable, especially the independency.

One thing to note, based on my knowledge, those who are exposed to high inflation rate does not necessarily chooses foreign currencies as their choice, there are many other options such as gold and such. But if we reduce the choice between a FIAT and stablecoin, certainly that if one is able to safely save in a FIAT, they should do this option. Using stablecoin would add unnecessary burden with how to protect its key and most importantly the entity that creates the stablecoin itself.

You’re better off having USD or EUR in your local fiat banks than having USDT in some centralized exchange.
What’s the saying about USDT, it’s said to be dollar pegged and for every USDT you have on an exchange, there is a physical equivalent of it in some bank or reserve some where.
If that be the case, what’s the difference with you having them dollar yourself in your local fiat bank account!

Where the difference comes in is in its usage as, you could easily use USDT on exchanges for active trading but, not so when it comes to having money on the bank. You still need to buy USDT.
On another hand, you could easily transfer USDT to the other part of the world but not so much for fiat.
Basically, it’s about what’s your intent on this hodlings. If you haven’t got any and you just want to be safe hodling one of it, fiat dollar is much better.

Most stable coin issuers or creators are not registered or regulated by any country, which means suing them can be complicated. Most of them are operated by inexperienced and unqualified individuals thay lack basic financial management skills. The accounts or books of these exchanges are kept secret and not audited periodically. I would prefer to keep my money in dollars in a bank. Banks are insured by national deposit insurance companies so customers might not lose their deposit in case of bankruptcy. You don't have any assurance to get back your funds if a stablecoin collapses or loses its value. Like you also said Mate, you have the privilege to seek legal action in the court against the bank in the country because it is registered.

I have read through the Op very well. And I understood the point that he made the post. I can see that some persons are answering without knowing the basics upon which the topic creator made this post. For people from the developing countries whose currencies are always losing value on daily basis. I think it is better you have a real-time bank account and save in dollars. Depending on centralised stable coins, which can have issues any day in not encouraging. It may get hacked or depegged to dollar

It basically depends on what you aim to do with the money that you are saving up. If you are a trader, your best bet is a stablecoin of course, and one that you believe in or that is mostly being used by the market. But, if you are not planning on investing in cryptocurrencies or trading with the money, you should better buy USD and keep them in an account that is safe and that won't just eat up your money or asks you to pay fees or taxes every single time you might make a transaction.

There are a bunch of trusted stablecoins out there, the most used of them being USDT. The one you mentioned, UST, was a very bad experiment by Terra Labs because they didn't peg it with actual USD and wasn't backed by real assets kept as reserve but it was an algorithmic stablecoin that failed and made the whole project fail as well.

The thing is that USD in the bank only been kept in bank without appreciating in value or degrading in value, this is the two things that is been involved in it, because in fiat currency when it's be stored the only challenge that come to its way is when their is a inflation and inflation something will make USD to be less important than stablecoins, but both is on equal of advantages and disadvantages, because if inflation have not exists that means that your USD still have a better value, while in stablecoins the value fluctuates because of the much conversion from one coin to the other, and sometimes you might convert it to bitcoin and still it falls, so I don't know exactly the one we should prefer as the most profitable and reliable one.

Let's just say that both options are equally good and... equally bad.)

In today's world, banks cannot be called a stable storage place. That's one.
Stablecoins, in some sense, are also difficult to call a crown of stability - then the collateral goes somewhere, then scam, then blocked on the exchange.....
In a word, both options have risks. Probably the best option would be still a wider diversification of funds, it is better to limit yourself to only 2 options, and such options where there are quite real risks.

This is such a difficult decision to make because the two options have their good and bad sides.
The stable coin is good because it is free from bank charges. Now, considering the fact that the stable coin has a centralized regulatory body, what happens when one wakes up one morning to see that the value of the stable coin has fallen below USD value? You know what it means already huh?

I live in a country where the constant inflation rate is considered high even in good times. Therefore, all citizens save extra money that they can put aside from their salaries in foreign currency. Specifically in US dollars. The opinion has long been fixed that the right solution would be to link the prices of apartments, as well as cars to US dollars. That's why I like to save dollars, unlike Stable coins, it can't be taken away from me at one moment.
After all, everyone knows that any stable coins are centralized, and they can all depreciate at any time, as the author of the topic described. Therefore, it is better to have bills in your pocket than stable coins on the balance. Let the latter be instantly resold into bitcoin.

The problem is that in many cases there are countries whose banks are not reliable either to store one's hard earned dollars.
My country, Venezuela, es a good example of it, besides being an official bank of the government, we all suffered limited withdrawals some years ago. People could not access to the cash they deposited in previous months or was part of their salary.

That is one of the biggest reasons people prefer to use Binance and other centralized exchanges to buy and store stable coins, because we all know it is less likely Binance will hold funds as a bank in a socialist country . Actually, if you search for it on the internet you will realize people of Cuba are getting restriction on their withdrawals as well these days?

Would you ever recommend a Cuban citizen to deposit their USD in their state sponsored bank accounts?  :P

I would not.

Where do you keep your dollars? If your local bank allows you to store foreign currency, that's pretty good. In fact, most of the freelancers in my country keep dollars in private financial platforms which are more subject to corporate-based jurisdictional regulation, their difficulty is in the event of transaction disputes. Dispute resolution is easier when dealing with services from the country itself.

In my case, everything is much simpler.
I buy cash dollars in the bank, after which I do not put them on the account at interest, but take them with me. I don't like the terms of investing in US dollars as they are about 3 percent per month. This is too small a percentage compared to the risk that the bank may prohibit ina from withdrawing dollars from the account.
And I have already had the experience of such dollar retention in my country! So the risk is too big.

Of course, I do not transfer all my money into dollars without exception, I maintain diversification, so I also buy cash in euros. And of course I invest in cryptocurrencies, as well as a little in shares of industrial campaigns and banks.

UST is not an experiment but a ponzi project and many people have spoken against it since DoKwon came up with the idea but people were blinded by the high returns and ended up falling into his trap. But other stable coins like USDT or USDC will not be safer than USD in every way since they are also pegged to USD. What happens when someone intentionally manipulates USDT or its network gets hacked? When comparing stablecoins and USD, USD is still the safest choice.

In general, this is the value of the cash dollar "in your pocket" - it is absolutely liquid, there is a constant demand for it, it is easy to manage. Yes, there are problems from the series of "how do I get 10 million dollars across the border" - but something tells me that this problem does not concern us much :)
As I've already written - neither bank nor stablecoin is an ideal solution, for the very reason that the bank/exchange/stablecoin issuing company can restrict access to them, the legal owner, for many reasons. That's why I always recommend diversifying savings and storage mechanisms

Well let me share with you how bad centralization is in our region and we are suffering from it and why I may risk saving my money in a stable coin rather than a bank or our local banks. First of it all our currency is so worthless in market and decreasing its value every year compared to Euro or Dollar that means nobody will risk saving his money on local currency and keeping it in a bank.
But people would say that we can easily save it as Euro in a bank because it’s allowed in many of local banks here, well let me tell you that nobody can exchange our local currency to Euro with the price of bank instead the only place you can exchange is the black market and it’s almost double price of bank add to that the high volatility price everyday and it’s the reason why you might be taking a lot of risk if you exchange your money and save it in bank that there’s a higher chance you will lose value when you need to exchange it again to local currency.
Even that stable coins are also very risky at some point but at least you won’t go through much steps and won’t be limited to chose between other coins when you decide to exchange for example those stable coins to Bitcoin. I will always go to decentralization over centralized system which is 10 times worse here in our region.

same thing I guess, stablecoin in general is just reserved money that being represented digitally through tokens.
when it comes to saving, I guess both functions the same, but its just that stablecoin is owned by some company in which have authority towards your money.
i would be more inclined to save my money in bank since you know its guaranteed to be safe, and because its just simply more convenient, i don't think there's someone out there
that willingly saving in stablecoin for long though, unless they really trust that the stablecoin not gonna be collapsing anytime soon.

If the question is whether you should hold cash in the form of a stablecoin or some arbitrary amount in a bank, I'm not sure where the above statement comes into play--if you've got bitcoin and it's increasing in value, you might not want to convert it into any form of fiat currency (or a representation of same, like a stablecoin); you should probably hang on for the ride, no?

Also, if "owning" your money is of any concern to you, then neither choice is a good one IMO.  Anyone who truly wants total control over their money would probably be a permabull of precious metals, because you hear that kind of talk all the time on gold & silver discussion boards--or on this forum, too (lol).

And neither choice is going to beat inflation unless you're using some sort of bank product, like a money market account, a CD, or bonds, and those things don't qualify as "keeping money in the bank".  They're basically investments.  And bleh.  Stablecoins turn me off, man.  I just think they're shady as hell.

kinda sage words well i think the prices of dollar seems to go high in future so i think we should hold some usd and we can sell them when the value will be on its peek but if you are thinking of holding cryptocurrency you can also hold usdt and when the value of usdt goes up you can than convert these usdt into btc when btc value goes down as we know that this month is the month of taking entry into the market so alot of investors are taking entry and some of them waiting for the btc get more dump according to their analysis. Own analysis is very important before taking entry into the market so i always prefer people to DYOR befoer taking entry into the market. In that way we can generate alot of profit. Holding Stable coin is also kinda good idea we shoulda hold some of them according to the DYOR technique

At different times, when the economic situation changes, the most profitable way to hold assets also changes.

For example, in the worst times, people buy gold - the so-called Safe Haven Currency, also cash, usually a currency like the US dollar. In good times, you can safely increase the share in your risky assets, such as cryptocurrencies and stablecoins.

Buy Bitcoin to sell it more expensive later, and stable coins so that if the price of cryptocurrency goes down, you can buy cheap bitcoin. To the very least, I buy campaign shares, because they are affected by force majeure, the environmental situation, and the like. Unlike them, I am sure that bitcoin will always rise in price.

I know banks. I know how shitty they are and how they can go bankrupt. They are protected by so called “law” and yet they scam people every day. Still… I don’t know stable coins that much. I don’t know who (really) is issuing them, if they are backed by anything, what will happen to hem if the issuer exchange goes down etc…

When I compare stable coins to the FIAT in a bank account, I choose banks tbh. That doesn’t necessarily mean that stable coins have no use. They do. But I don’t trust them with my life savings.

Right? Both are not so good in a way for me. I have had issues with the bank ever since some of the money in my savings account was randomly transferred by someone without my knowledge and when I asked the bank regarding this they couldn't provide me with any help or assistance. These days there have been a lot of issues regarding a lot of banks in my country as well, may it be from people losing money on their accounts or banks shutting down due to bankruptcy. However, as for stablecoins, most of them are not registered or regulated by any counrty so if something happens you cannot file any legal complaint or sue them since they are not technically a part of any legal system or jurisdiction, so there is that risk to consider. Hence, I am with you on your choice, not because bank is the best option and I wholely trust it, it's just that between the two bank holds the smaller risks.

Actually Bank is not secure and recommended place for saving money, in my country many cases happening with Bank's costumer after losing their money and investigate stole by Bank employees but we can get refund back.  What happen if Bank faced bankrupt and there are not chance to get back our money. But for choosing between stable assets in coin or having in the Bank seems better in stable coins, we have own controlling regarding with stable coins holding like USDT with ETH network. Bank can't protect or refund our money when they our account got hack and their answer is our fault, the same answer and not responsibility yet when Bank get bankrupt or some Bank employees are scammer and forget with hour much our saving there. I don't know what regulation in other country when Bank's member loss their saving will get protect and Bank refund or money? in my country is not yet.

At different times, when the economic situation changes, the most profitable way to hold assets also changes.

For example, in the worst times, people buy gold - the so-called Safe Haven Currency, also cash, usually a currency like the US dollar. In good times, you can safely increase the share in your risky assets, such as cryptocurrencies and stablecoins.

Buy Bitcoin to sell it more expensive later, and stable coins so that if the price of cryptocurrency goes down, you can buy cheap bitcoin. To the very least, I buy campaign shares, because they are affected by force majeure, the environmental situation, and the like. Unlike them, I am sure that bitcoin will always rise in price.
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You are absolutely right ! The only nuance - the author of the topic has a specific question, with a specific choice, and it seems for today's situation :) That's why, I negatively evaluated both options, based on the current real situation on the market today. Well and plus your concept is aimed at EARNING and capital increase, and not reduced to an attempt to decide how best to store funds in one of the two not the best options :)
Profit to you !

As I have witnessed, there are cases when we deposit money in the bank and lose it and still get compensation, but there are also cases when we don't get compensation and ignore. As I see it, there are many factors involved, and resolving it depends on each case and takes a lot of time. It should not be said that all banks are irresponsible. If you deposit your money in a reputable bank such as a central bank that is directly regulated by the government, that is unlikely to happen.

But there's no denying that banking isn't as secure as we think it is. There are still many vulnerabilities that can be exploited. It can be said that nothing is perfect and that is why diversifying assets and diversifying where assets are stored is necessary.

I'm curious as to what you think you can control if you have money in the bank. Because I think you can completely control it with the right stuff and important things that you have to do.

Things you can control

• Withdraw/Deposit money in the bank
• Invest it in assets or bonds in the bank
• Your account and where it will go

You cannot control

• The market (Whether it's stable coin or any other market
• What the bank does with your money

You will still have the money in your account but technically they would invest it in something and it's numbers on your account etc. As long as your bank is reputable, you have nothing to worry about and if it is insured, etc., you wouldn't have a problem with it.

I think the post essence makes it seem that it is a deciding factor to have that "control" but I don't think it is.

I currently prefer Stable Coin since I don't have a USD Bank account and sometimes saving using real fiat come with high cost including bank fee, forex fee spread, and many more. Maye countries who have an inflation rate would prefer the same as I do The cheapest is a thorough Paypal and wise but both of them still have the high fee rather than Stablecoin but dont save much in stablecoin too since so much is going on including war with the SEC that happen with BUSD or falling peg like UST.

So saving in bitcoin maybe is the best option for non fiat

If your bank is "reputable," do you think you have complete control over your funds? Even the most renowned institutions can make serious mistakes.

Fractional reserve banking is a sophisticated Ponzi scheme used by banks. Each monetary deposit is held in reserve at a fraction. The rest? Market-injected or loaned. You stated numbers, but it's also a tightrope over an abyss.

With Bitcoin and decentralized systems on the rise, banks' illusion of control is fading. DeFi gives people direct asset control without middlemen. Your control comprehension is simple but lacks depth and fails to see economic trends.

Are you sure that with such high volatility, bitcoin is suitable as a savings? Savings are the money we will use in case of an emergency, in the near future. What if bitcoins drop 10% or 20% and you have the guts to use them then? Bitcoin is only suitable as an investment, it is not suitable as a savings or store of value.

Talking about stablecoins and USD, obviously USD is much safer and you will not have too much difficulty if you want to open a savings account in USD. USD is the global reserve currency and there is no bank that does not use it.

If UST wasn't backed by real assets it had to fail but Tether DAI USDC aren't failing. They're popular choices. They don't seem to be in trouble.

Stable coins are backed by dollar reserves but I trusting them's hard. Look at what happened to Terra. If your bank goes bankrupt you're getting money back from the government if you put money in Terra you've lost it.

having USD in a bank is more secure. I often hear some rumors about famous stable coins like USDT, they have some cases but I haven't confirmed the truth. and some people told me that USDT is not fully backed by USD. That's only a small part, which makes me afraid to really store assets in the form of stable coins for a long time.

Collateral is a fairly specific measure. I can say one thing: ALL violate this security.
Stablecoins - yes, the collateral scheme is very specific and not very transparent. Fiat currencies ?So they are even less secured in terms of real assets :). The same dollar - although I consider it the most attractive currency in international trade, but its real asset backing is clearly lame. Its stability is secured not by assets, but by its issuer and the confidence of the world economy.

not sure about stable coins about some of the issues there. Even Binance officially announced the delisting of BUSD which is very strange. I think it's a good idea to save enough money in the bank because it provides more security. I will save in stable coins when in investing not for the long term. USD in the bank has a lot of data and definite backups, and I believe people still trust banks more when it comes to safekeeping.

To avoid incurring excessive fees through conversion into USD in a bank deposit particularly for those in countries where the dollar can't be used or accepted locally for purchasing of goods and services the best alternative should be to hold it in stable coins retaining value for your money. All you will doing is to be abreast with the market  to be in touch with current issues about such stable coin.

It depends on how long the money is kept and where the money is used. Talking about a place to save money that is resistant to inflation, there are several media to choose from, depending on the habits of each individual in saving their money. If for alternative storage I prefer USDT or stable coins, I can use them whenever needed, it's not too complicated when converting it to fiat and it doesn't take long to exchange it.
USDT is the most profitable alternative for me (at least as long as I keep USDT there are no problems). When it comes to storing money in the long term, I prefer Bitcoin because it has been proven to be resistant to market shocks.

The only plus in favor of storing in a stablecoin may be today's situation, when over the past 2 years, the dollar, like most other currencies, has lost its value due to inflation. And only if you had savings in some cryptocurrency, which lost even more, but you managed to convert it into a stablecoin. Which is backed by... by a dollar that has fallen in value, but less than bitcoin, for example.)
In short, no matter how you look at it, diversification will be better and safer, in terms of financial risks

I understand, and of course I have a specific answer to this question: the algorithm is as follows: you need to look at the bitcoin chart, if the price is high now, then you need to fix the profit and wait for a correction or a price drop. So you need to transfer some of the bitcoins to stablecoins. Not cash or bank dollars. If the price of bitcoin is low, but you need to buy it, and in no case store your savings in stablecoins. Right now, in my opinion, the price of bitcoin is neither low nor high. The situation is not certain, which means it is possible to partially purchase stablecoins (for example, USDT), and partially dollars. Any - in cash or on an electronic account.
And as you probably understood - I do not approve of "storing and saving" money. I believe that they should "work" in any situation.

Excellent clarification, which I fully support. The only thing I'm pushing:
The first part is about analyzing the situation in the crypto market. Here we have to be honest - not everyone can do it, and not everyone makes the right assessment, does not monitor the situation, and cannot make the right conclusion, and therefore the right actions. Therefore - the advice is GOOD, but not everyone will be able to use it.
Second - what you described, in some ways the same diversification. And it is right !
Third - the last point, I fully support. When money is lying "dead weight", it...spoils :)

Im sorry bro but can you read again I write it the best option for non fiat and Im still prefer stablecoin over it for saving. Tho is not just me who saying it "Scarcity: Bitcoin has a finite supply of 21 million coins, which makes it resistant to the arbitrary inflation that ails traditional currencies. This limited supply gives it a scarcity value, making it a valuable asset to hold and store wealth" https://bitcoinmagazine.com/guides/store-of-value

Not everyone believes in technical analysis, some believe, but they think that it is very difficult. I think that from all the technical analysis, only support and resistance levels, as well as trend support lines, work. Orientation in the tracks on them does not give a great chance of success, but if you do a lot of small transactions, then a strategy with such a technical analysis will give a result. And it is better to do this during the time when the price is locked in the corridor, as it is now.
Therefore, if we return to the question of the author of the topic, now it is simply necessary to have part of the funds in the USDT.
By the way, the forum is full of smart guys who sometimes analyze the price of bitcoin and post their results. This is convenient for novices.

That would still work for bitcoin as well. If you keep it in bitcoin then you could end up making a big profit when it goes up as well. If it drops, all you would lose would be 10% or so because that's how much it usually drops at most, we are at 26k or so levels, a 2.6k fall would make it go under 24k, I do not think that it will get there, which means that holding at bitcoin would be better and it could reach above 30k and if it reaches more than that and does a big bull run that is even better.

That's why it is quite important to reach those levels, we should be careful about it. I get that it is not going to be that easy, but we need to be careful for sure. It is definitely something that we could do eventually.

It is good that bitcoin and decentralization are making new economic trends. But this way, banks are also trying to innovate themselves in order to continue attracting people. But of course, I still prefer a decentralized system rather than the centralized banks that are using our own money to grow their businesses. 

Here in my country, reputable banks or not, as long as the bank is insured by our national standards then you will have no problems with your deposits unless you are wanted by the state, and your account will be frozen.

That's all understandable, and I agree. Except for the fact that you should make a decision based on other people's forecasts :)
Let's take the situation today - some people say "it will rise in price 10 times", others say "it will fall below 25,000, and there are no prospects". Whose opinion to choose ? What is "more pleasant for the soul" ? :) Here you have to make your own decisions, more precisely, to analyze and draw conclusions, to make balanced decisions and moves. For example, I never give advice from the field of "buy bitcoin/sell bitcoin" - it's someone else's money, and my mistake or missed nuances can ruin someone ... So once again - any analytics should be considered as information that has some probability of happening. But it is absolutely impossible to take such information as a direct command to action :)

But that could be just paper lose? I mean if you are not selling it and just seeing your portfolio going down, then I guess if it still good in my opinion as everything is in paper.

But the problem is that when you sell your bitcoin and then hedge it to like stable coin or withdraw it totally in USD and save it to the bank. With that, obviously it's going to be a lose for you specially if the price of bitcoin goes up in the next coming years as we all know that the catalyst for a bull run is going to happen next year (block halving). So it's not best to put it to stable coin or even USD, in my opinion.

You can't consider a lose the money you don't earn. So if you liquidate your Bitcoin now then the price increase tomorrow is not your lose but rather just missed profit since you never get that profit realized. You will keep chasing profit that makes you unable to take profit on the right time if you consider missed profit a loss while you are currently gain with your current take profit.

There's no problem to convert your Bitcoin to stablecoin if you are already happy to its current value and want to secure it against volatility.

if you want to convert and sit on USD for short time then you can convert it into USDT(short time because it's riskier) because when you may want to buy more BTC you no need to convert your USD to USDT to trade BTC/USDT pair.
and if you want your money safe in bank account.. then you need to convert into USD and keep them in bank.

if you also stake crypto then converting into USDT gives you 7%-10% interest rate and in bank the interest rate of USD is 5%-6%. But staking is risky.

Since dollar inflation is serious in Far Eastern countries with bad economies, states create pressures for dollar sales, and naturally, the price margin of the dollars bought and sold on the black market differs from the state's exchange rate. If you live in countries like the ones you mentioned, at least stable coins sound a little more reliable. We all remember what happened in Lebanon, people couldn't get their money from the banks. In the past, the same event took place in Turkey, many years ago, many people were victims of banks. In stable coins, at least you can control it in a decentralized way.

If you ask for USD or USDT then I will say USD is safer whether you keep them in a bank account or in your own vault.

For USD or BTC the answer is different and both are completely different in nature, acceptability, censorship, and everything else but since I understand the potential of BTC I will use some money on BTC but not my entire portfolio.

'Don't put all your eggs in one basket", also works with bitcoin, and considering the nature of the asset I advise no one to hold any more money than they can afford to lose in/as bitcoin.

Always mind off about the risks involved on the time that you do put up your money here on cryptospace. Putting up on Bitcoin doesnt automatically means that you are already in safe haven.
Yes, Bitcoin did really give out that kind of opportunity that you do have that full control of your funds plus you do really have the chance on making out some bucks or profits on the time that you would really be holding it or simply in talking about income or profit making opportunity which of course it isnt really that still sure despite of that huge market or community support into its existence.

Talking about choosing whether fiat or that stable coin then i would definitely say on putting or just sitting still on having fiat on my bank. I cant really be just that too confident or really that
trusting up stablecoins knowing that we do have some issues back in the past. There's no way that you could really be able to retrieve that once these coins been making up some bullshit
news or issues which is unlike with our fiat. It does have all that kind of negative kind of comment and impression towards it but hate it or love it but still we do really make
use of it in the end of the day on which this is really that the most common approach that we do have.

The problem is that there are mutually contradictory statements in your proposal. Let me explain - on the one hand you talk about the falling value of the dollar, on the other hand you say that steibles are a better solution than the dollar. But. There are 2 points here:
1.The dollar is just now recovering, unlike most other fiat currencies.
2. 99% of steiblcoins are backed by.... Yes, yes, yes - exactly by the US DOLLAR :)

So I recommend you to reconsider your position, or find another argumentation

For me, I think it is better to have usdt here in us. Just like what you have said, in banks we can't completely control everything. Though crypto is still not well known, the rise of digital wallets are good now and the thing is we can sell our USDT in some CEX to our digital wallet and we can go to nearest store to cash out that money. In terms of fee, it is less than 1$ not big at all.

After there was a case of Terra losing its valuation, I became worried about stablecoins, I was afraid that would happen to USDT or BUSD. If I had to choose, maybe I would prefer to keep USD in a bank account, both are centralized and if you keep USD in a bank, usually the bank will be responsible if our account is hacked, safer than stablecoins, USD valuation is also guaranteed not to collapse overnight

However, if your finances are good, and you have cash in reserve for emergencies, it is better to store it in bitcoins. Only bitcoin is decentralized and its valuation will continue to increase

There isn't a significant distinction between Stable Coins and FIAT currencies. Both are backed by FIAT, ultimately subject to government control. As of now, I can't fully commit to the choices you've presented, as I still require FIAT (local currency) for daily expenses. However, I find Stable Coins appealing because I prefer transacting with USDT for its simplicity and low transaction fees.

Currently, I primarily use my bank account for everyday needs and as an emergency fund for unexpected expenses. I frequently turn to Stable Coins for discretionary spending.

In essence, in my view, both currencies are essentially the same, differing mainly in their usage mechanisms. For someone like me who easily grows weary of government systems, it's more enticing to hold a small portion of my assets in the form of USDT.

For BUSD as Binance stable coins have warning delisting from exchange market and all investor who holding BUSD in Binance or dapp exchange have enough time for converting to other stable coins until early of 2024. Still frustrated with Terra Luna stable coins or UST dropped drastically until have values as shit coins. But dilemma when holding fiat in the bank we are facing inflation value in the future actually with long term holding as our money is saving fund in the future. In other side, Stable coins are promising with price progress up few percent in the future but some time many unpredictable happening with stable coins and easily got scam like UST.

I think store or saving in Bitcoin is best option than fiat or stable coins, there are not issues with bitcoin will be zero values like UST in the future and we don't get inflation values like saving fiat in the Bank.

In my opinion it doesn’t really make sense to hold USD alone in your bank account. Maybe it's better than your local Fiat money, but it's still only cash that is not going to produce any real returns while the interest rate is likely below the inflation rate. With inflation rates in the USA of 3-5% we need to make some kind of return with our USD holdings to not lose value in the long run. So, comparing stable coins to holding USD cash might offer advantages for more quickly converting it into other crypto currencies, but we still have the same issue of making no real returns in the meantime. When willing to take at least some risk, we could be buying government or corporate bonds with our Dollar money and make at least some returns. It all depends on how long you are planning to keep the money not invested. If it's only a few weeks then I think stable coins are a good alternative. In case you plan to keep the money in stable coins for several months, then I think buying US Dollars directly and investing it in US assets might be a better approach. The whole issue of stable coins turning out to be scams is of course another security concern where we need to keep an eye on

My local currency will remain the main choice compared to stable coins, especially when talking in very large amounts, but if the choice is fiat vs Bitcoin of course Bitcoin is the choice even though it will not be above 80%, I mean however we will need fiat as a tool transactions every day so it would be nonsense to put all our money into Bitcoin.
I prefer fiat because stable coins are not as stable as imagined, their value will probably remain 1:1 with USD but the UST case should be a lesson and now BUSD will be exchanged for FDUSD, it will be safe for active Binance users who have BUSD, then what about those who hold BUSD but are not active users of Binance? they will miss out on information and this is quite dangerous for the assets they are saving.

Depend on the situation. Someone that doesn't have access to the bank can use a stable coin to save money and use that wallet as his "personal bank account". But are people in his country/area willing to accept those stable coin? You should also know that not all stable coins are safe. Some are much riskier to hold. Like you said, look at what has happened to Terra stable coin. It crashed. Lots of people holding UST lost their money. Again, what if you want to pay for something but that person won't accept crypto currencies? It would be a hassle and slow to convert to and fro. Most people hold and use stable coin to trade and exchange coins instantly.

It's true, you can always put majority of your income into Bitcoin and leave a good percentage for fiat for transactions as a lot of establishments either do not accept Bitcoin or have yet to know and understand it. This is what some of us fails tobsee, that we can have both by dividing it wisely based on our average financial transactions.

You need to research the risks involved before making a decision. My preference would definitely be for USDT. The reason for this is related to the country i live in. I live in a place with high inflation and I keep most of my money in foreign currency. By accumulating USDT, i react to possible developments with a delay and therefore have the opportunity to take a position in advance.

I can earn 5-6 percent annual return with USDT, which is not possible with the foreign currency i keep in the bank. Yes, although usdt has some risks (your money is not in the bank after all and it is all about trust in the stock market), if you are in a place with high inflation and do not want to experience a negative situation against sudden exchange rate changes, you can choose usdt. If your priority is pure security, then keep your savings in the bank.

Absolutely, we all coexist between the traditional and modern systems. It can be quite cumbersome to store all assets in a single wallet, especially when our needs for sustaining and growing our finances require us to operate across multiple platforms. The wisest approach is to maintain a modest amount of FIAT currency.

It's preferable to have some USD in the bank, not necessarily a substantial sum, but enough to cover daily living expenses and transactions with traditional merchants. Meanwhile, stable coins can serve as the most straightforward gateway for cryptocurrency transactions, whether for investment purposes or simply purchasing BTC or Altcoins.

But USDT cannot be safer than USD and as I know all banks have USD savings accounts for anyone who needs one. Why don't you choose USD?
USDT is pegged to USD and sometimes there are incidents that lead to loss of peg such as dumping or manipulation in the cryptocurrency market. That's not foreign to us anymore, so holding all of our assets in USDT is actually much riskier than when our assets were in USD. Personally, I prefer USD if forced to choose one of these two assets.

USDT cannot be more stable than the dollar, for one simple reason - the stability of an object cannot be higher than what its stability provides !
It is like in reliability theory - the overall reliability of a system is the product of the reliability of its nodes.
Therefore, the very question of what is more reliable than USDT or Dollar (leaving aside the topic of the essence of the question - storage in the bank), does not make sense, because the dollar is 100% guaranteed to be secured by itself, and the stablecoin is not guaranteed to be secured by these very dollars.

There's no stablecoin that is safe, just that they have different degree of risk when you compare all of them. We have had several of them and more are still coming to the market but first we have to look at each of them:

Centralized stablecoin: This one's are pegged to a dollar bill and other assets like treasury bills that can be converted with stressing the liquidity behind them but often times, the companies behind these stablecoins (USDT, USDC, BUSD and many more) are not free from regulatory scrutiny, BUSD for example has fallen and it's still fallen down because Binance which is the face of the company is duelisting the pairs and have instructed customers to convert them to other stablecoins on the exchange.

Decentralized stablecoin: This is a decentralized stable currency that is pegged to the amount of a dollar and the advantage of this is that is open source which means people get to see what is happening and how it's regulated and users can even deposit a asset to take DAI. There are many of these stable coins that are been launched but protocol manipulation made them fold up before time.

My suggestion is this: If you are going for centralized ones, pick USDT and if you need a decentralized stablecoin to trust and have high peace of mind to others, go for DAI instead.

USDT will collapse and disappear quickly if the Tether company does not have enough USD to support it, or if they are hacked and print tons of USDT then it will also lose value quickly. Meanwhile, the USD is supported by the US economy and if the USD declines, USDT will also have the same problem, but the collapse of USDT will not have any effect on the USD. Therefore, in terms of safety, USDT cannot be compared with USD. If it were me, I would choose USD to deposit in the bank instead of having to put my assets in an unsecured asset like USDT.

Your opinion is clear to me because take for instance of luna how it kill many people because of peg it lost, am also a victim of such only me understand how I felt during the period. Base on my location the are favourable. USDT is a dependant so anything can happen at anytime, if any happen to USDT, the USD will never be affected because the currency is independent of it own. Let assume if today USD collapse the USDT in gone, while if USDT collapse the USD stay. We shouldn't compare the master and the servant, the two are not the same it is clear. I prefer USD than USDT for the purpose of security, and what we need is safety.

Your luna does experience has affected you, and I'm sorry for any losses. USDT is tethered to the USD (yeah Tether), yet its digital environment renders it prone to its own issues. Physical USD has always been a steady force based on real assets and political power. The USD is strong because it is unpegged. However, USDT relies on that strength, as you noted.

Many digital assets are linked and affect each other, just like USDT obtains its value from USD. Change in one can generate chain reactions in others. The key isn't just what you like, but how to adapt to a changing economy where physical and digital have different functions

In my opinion it's all the same because stablecoins and USD have the same nature and secondly they are centralized and we also don't have full control over our assets remember not your keys not your coins if you want to have full control over our coins maybe you have to store bitcoins in cold Our own wallet is more cross-border and easy to carry anywhere and just remember our own phrases remember there is no responsibility if our cassette is lost in the world of crypto currency

Master and servant, well said, my friend. Obviously USDT is just a shadow and it can disappear at any time but it seems many people still prefer it over USD. They think that depositing money in a bank cannot be safer than holding USDT, which is actually a serious misconception. They forget USDT is also a completely centralized coin and even it is only offered by a private company and it cannot guarantee anything. Meanwhile, the USD is guaranteed by the US economy, the world's No. 1 power. USDT's capitalization is even smaller than 100 billion USD, while USD is the world's reserve currency, with a huge difference in safety.

They are both good decisions as any of the above mentioned style has some good level of asset security. The banks protects your assets enough such that you only get affected when fiat price goes down but if the Bank suffer any other losses resulting from hacking and other factors which happens around the banking space, your assets remain protected similar condition applies with stable coins.

In terms of access and total control it is much more better with stable coins, you have as much access and control as you want to your assets at any time and day if needed. But with your dollar in the Bank you have limited control and access to it as it might not be readily available as at when needed. If both cases and their peculiar conditions are taken to consideration, it's very rational to think that both serves for different purpose at various times. We can say for a long term the bank can be a good option and for short term other stable coins can serve as they can be easily accessed at ease without out much hitches

I think because staking USDT provide more APY then USD in bank,
which is very easy and take low effort to stake, like just go online on any staking platform, or exchange which allow staking with good APY, Open an account, do KYC, send fund and earn interest.

Maybe most of them don't know risk behind it, most of them just listen some youtuber's telling USDT is safer than USD. they do not do their own research and invest in anything.

Stablecoins can also be stored in everyone's personal wallet, just like everyone keeps their Bitcoins quite safely, so in terms of how to store them, I don't think there will be much difference as long as both are in a fairly safe wallet. However, storing USD in a bank will of course be very different from storing stablecoins in our own wallet because USD in the bank can only be controlled by the bank, not by the actual owner.

So it is clear that there is a difference between these two things in terms of how to store it and also in terms of how to manage it and in terms of risk it will also be very different because a wallet that is not well guarded also has the possibility of being hacked by someone else. Meanwhile, banks will definitely be responsible if things happen that we don't want with our savings. As long as these things happen, it can be very logical for the bank to resolve them.

I don't seem to see things your way since when it comes to the USD in the bank, it's the only one that can assure you of the true $1=$1, stablecoins can't. This could be more painful if you are in dire need of money to be converted and there is a slight change in the price of the stablecoin against the USD, especially when the amount is much.

Secondly, your money in the bank is insured, even if there is any problem, you can be sure to get your money back. But no one might listen to you in case the wallet you store your stablecoin in is compromised.

Unless I am using my stablecoin to trade, I would rather store my USD in the bank.

Do you want to take profits?
I think it is not the best time to sell Bitcoin. Why don't wait for 1-2 years, the bullrun season is coming.
TBH, even if Bitcoin price increases quite significant, I won't convert my Bitcoin to any coin or dollars. I prefer to hold longer time, 1-2 years.

Anyway, when I need to convert my Bitcoin, I think it is better to convert it to dollars or my national currency (Rupiah). I can't use Bitcoin for any transactions in my country, that's why I need to convert it. I think convert it to stable coins won't be a good idea. Stable coins can drop its price, it is not totally stable in price. Even you know that the price can free fall if there is something wrong with the coin in the future.

APY? I hadn't thought of that and maybe you're right but it's a shame for a crypto investor to believe what others say without doing any research themselves. And what's even funnier is that they rate and trust centralized exchanges higher than banks when banks are much safer than centralized exchanges. Many people always criticize centralized banks but choose USDT and centralized exchanges to store their assets, which is really ridiculous to me.

Indeed, stablecoins are not as safe as many people think, they are no different from altcoins on the market, they can decrease in price and lose their pegs at any time. Stablecoins are just an intermediary when we convert bitcoin to fiat currency and vice versa, and I've never held too many of them.
If I had to choose, I would still choose USD over stablecoins, because they have never been fundamentally safer than USD. Stablecoin of the Terra ecosystem has taught us a lesson and let us not forget that lesson.

If we are talking about stability I 100% agree with you. I will surely just convert my Bitcoin to USD or my local currency, than convert it to stablecoins. It is better and safer to have it like that especially since it's still hard to find merchants that accept Bitcoin for transactions here in my area. Besides, I'm sure some, if not most, of us are already aware that stablecoins are not really "stable". For those who are confused about this or unaware of what this means you can check this article by Bary Rahma: https://beincrypto.com/stablecoins-not-stable-growing-threat/#:~:text=Stablecoins%2C%20digital%20assets%20designed%20to,stability%20of%20these%20digital%20assets.

Choosing might be depends on your needs since for storing I might also choose USD in the bank since I can safely say that only inflation is the enemy and the amount I can get is still the same. But also for investment and entertainment purposes would also choose stable coins since this is the coin where we don't need to worry about heavy drop and we can transfer it to any crypto platforms since most of them accept stable coins for deposit and withdrawal request.

I think both are equally bad to use or secure wealth. Index funds are way to go when we are in Stable economy. Otherwise gold can be good option. Or just special funds that will be properly managed. I personally dislike using both usd and tether. Usd is very costly to use and inflation on it is obvious. Tether has dangerous mechanism that may make it collapse in one day. Invested money in funds on the other hand are protected by legal means.

What is the point of holding stablecoin, which follows the price of a fiat currency? They both face the downside of inflation. They both lose PPP at the same time when there are better alternatives, like metals. It is better to hold metals like gold and silver instead of holding stablecoin. Crypto can be profitable if you plan to hold it for the long term. But for the short term, gold and silver are the best options instead of holding some fiat-pegged token.

My country is going through such a dire situation. Our national currency is down so much in these 3 years and most of rich people are saving USD for better return because increase in inflation will not affect these as inflation has direct impact on national currency, the more inflation mean our currency price down and USD value increased.


Money in the banks are not complete control because if the country defaults then bank will freeze all funds and no one could get own fund holds in banks. In case of banks fail we could also experience delay of our payment. In 2023 silicone valley and some other banks also collapsed so it's not true that we have full control only in banks. Banks data are noticed by authority and if they don't know about your online earning, they will open money laundering case against you.

I think the most safe is to convert your Btc to USD and keep in home despite of bank or other alternative is to buy gold. This is only if you want to sell btc otherwise btc is better ways to hold for more profit

I don't know I think it's hard to choose between the two. Because both have their respective advantages and disadvantages. If it is stored for a short time because it might be used again to invest in crypto then of course stablecoins could be an option. But in the long term, both stablecoins and physical dollars are still at risk of being affected by inflation. If there is a choice of precious metals (Gold) then I think I will choose this one if the goal is to avoid inflation. But that's only if it's for the long term.

In this case, you need to make a distribution in several of the most reliable directions in your opinion. Diversification has always been a smart move when it comes to allocating investment capital. But when we are talking about small capital, when the investor is only at the beginning of his journey, then this is difficult to do and may require more risky moves to achieve a significant result.

As our capital increases, we will need to pay attention to security, since probably one of the most important aspects will be the preservation of our funds.

I think Bitcoin is completely independent and has no currency under its control. Now you say that if you want to know something other than currency as an alternative, you should buy gold or diamonds or a land Fairly stable as they do not move in a price very quickly and are a long term subject.If you thinking short term then you can take dollar and if you are planning long term then Bitcoin.Many states prefer to adopt stable currencies because they do not want to take risks.Bank money is stable it is good because people that are afraid of taking a risk gets peace of a mind by keeping money in a bank but those who want to earn more profit trade with currencies like Bitcoin.A currency that is stable today may not be tomorrow because it is stable now What is not stable today may be stable tomorrow so try to take risks.If you care about anything other than Bitcoin without hassle then you buy the asset and save it.

People prefer to save their money and one class of people prefer to invest their money. Saving money will keep your money unchanged but your money will be safe but when you invest your money will have the potential to grow so your money will have some risk. Those who invest risk money create a possibility for their money to grow. People who prefer savings without investment should definitely prefer to keep money in bank instead of converting their money into stable coins because keeping money in bank is safe. Keeping money in bank is risky only when there is financial crisis in the country and some banks are likely to go bankrupt, moreover it is safe to keep money in bank. If money is not invested, a person must keep the money in the bank without converting it into stable coins.

When you convert an asset to stablecoin, you choose a parental company that has an asset value equivalent to 1:1 ratio of USD. If you chose USDT, it means you converted your asset to a USD but can only be convertible with tether company in physical form or you can convert to fiat with anothrt person that want the USDT. In addition, converting your asset to any stablecoin, it means that any day it depeg, your equivalent will depeg too but when if you live it in USD, it will stay that way except if US Dollar lose power when there is inflation.

How, it's not all company that suppurt USD, only few like Bittrex exchange allow you do that but to me, it's riskier because you can't tell if the exchange has a fiat to back up the asset you have on the exchange. It's good to withdraw your coins from exchange because as long as you don't have the private keys, then they are not your coins.

As I also said, stablecoins are just an intermediary for us to easily convert investments and of course we will need them in investing. It would be very difficult for us to enter the market without using stablecoins, because currently, direct conversion from national currencies to cryptocurrencies on exchanges is still limited. But if we talk about storing assets and comparing the two then it is clear that USD is absolutely safer than stablecoins. USDT has never been a good choice for storing assets or saving like USD.

I would say if you want to hold for a longer period of time then holding bitcoin is definitely the right thing to do.  And keeping cash is more useful for daily life. I personally don't like bank harassment.  They interrogate each and every thing. Where did the money come from, what is the source of the money etc.  In many countries, the value of their regular currency has fallen due to the increase in the dollar, so many people are afraid to keep money in the bank.  If you want to accumulate some wealth physically I suggest you invest in gold and silver.  So if you have more capital then you can invest money on land.

Due to the recent downturn of our economy (Nigeria economy). Those who save naira in banks will see more reason why to invest in stable coin like “usdt” that is if they are crypto incline. Usdt (tether) is one of the largest stable coin by market capitalization. Traders use stable coin like usdt to make transfer between different cryptocurrencies or to move their investments into or out of the fiat currencies. The value of usdt is pegged with the U.S dollar meaning 1usdt is equivalent to $1. For instance instead of leaving all your naira in the bank, with zero interest couple with bank stress and all. One can save in stable coin at least you certain that the naira has zero chance against the dollar. The dollar will always be a superior to naira, there’s a tendency of having an increased rate. We are seeing how fast dollar is growing over the naira.
 I would prefer having the stable coin than saving in the bank, not only for the interest rate it may attract but also for the accessibility and easy transfer of money from without having to past through the struggle of banks. Now people are tench into going into this cashless policy which as kinda help in its own. Stable coin will help see more effective cashless policy can go.

Saving cash or fiat or stable coins is the same because have inflation in the future, I think better for long term holding or saving assets use Bitcoin than cash or fiat as USDT. I don't think good ideas with gold or silver because any manipulated based on in my country we have paying higher taxes transaction for precious metals such as gold and silver transaction. Bitcoin or keeping in altcoin is good ideas with our saving assets and get benefit later if price up than holding in fiat have percent up or cash money will get inflation several years later.
Should manage risk when prefer saving bitcoin than cash or fiat because Bitcoin price not stable and has two way will drop or up in the future and need smart when right time for investing or saving money in bitcoin.

Nigeria government push a hard policy without providing them with solution and that's why the economy is suffering today, everything happen because of subsidy removal from the sales of petrol to the people, they now buy from the market price instead of the subsidized rate it was selling before. And mind you, it's not only USDT stablecoin that has gain against the Naira, it's all dollars that are sold across the parallel market.

The problem with Dollar to Naira is because the central bank has unified the exchange rate which means that banks and other entity will have to buy and sell at a uniform price unlike before when they use to have official rate of the bank and the parallel rate(black market) but now, there is a single price that unified the dollars sales but the problem with this new rules is that there is more demands than the supply and that is a result of low exportation of crude oil, Nigeria government is not making money from crude oil to get more dollar to supply to people and the removal of subsidy has worsen case because the imporers of petrol need dollars to buy them to ship the country which has also increase the price of dollars in the country.

If you are seeing that dollar is good as an alternative to investment, you should be becareful with it because the government can't be trusted, I believe they might be doing or working something out to deflate the Naira and by the time that happens, people will sell the dollars and change back to Naira just not to miss the opportunity again. Also, don't forget, you may like dollars but stablecoins are not worth it.

Holding the money in the bitcoin will be the far better option as compared to the money holding in the USD.The USD value will not increases with a time period and only few dollars we get as the interest which is 4-6 percentage.But if you hold the money in the bitcoin,it will give you 10-20 percentage based on the time period you are holding in terms of bitcoin.When the market was moved in the positive way,you can convert the bitcoin to USD.This will give good profit by the bitcoin trading for the certain period of time.

I also think that Bitcoin is much better than the choices given in the title.  Since the plan is a long hodl, I would take advantage of the Bitcoin market trend which we know an uptrend and can give us a good amount of profit unlike holding our fund in stablecoins that only diminish in value over time since it is pegged to USD, while banks although give u some interest it is too little to compensate for the inflation.  So the only best choice I think is not on the given option in the title but rather in Bitcoin.

bitcoin is undeniable a good profitable investment but I guess in this case, OP seemed to want instrument to save his wealth without any volatility which fiat actually serves that purpose despite still having fluctuations.
therefore if we are talking about whats better in this case, I guess having USD in bank might win because these bank even if there goes bankrupt still gonna get back up by the government therefore ensuring that we won't lose any money at all.
different with stablecoin that is owned by private company in which could go bankrupt anytime, therefore in this case saving USD in bank is far better.
though stablecoin like USDT i don't see its gonna be bankrupt anytime soon.

You probably owe money to a bank, hence why it makes more sense to have an easily assessible deposit to service your debts.   That simple take explains the majority of the Dollar reserve system, its actually mostly about debt trading rather then the traditional asset backed monetary system we had for capitalism a long time.   How it works is kinda gravity defying but it has thus far.

Life is a choice, you can choose the best when faced with two choices. Before choosing, there are many things that must be considered so that you don't make the wrong choice. For most people living in countries with higher inflation rates, they will have to save dollars rather than the official currency in their country. I prefer to keep stable coins rather than keep foreign currency in the bank, even though I don't have full control and its centralized nature, I can use it at any time without any holidays like the system set by the bank.

I will vote for USD in the bank or cash, not the USDT. It will give you safety and security.
If you are looking to reinvest your money in cryptocurrency and want privacy and hold, USDT is the more convenient option, but the risk of de-pegging is the major concern after the recent UST (TerraUSD) crash.
In my opinion, it is better to invest in GOLD, silver or real estate than deposit the amount in a bank. This way, you will have a liquid asset and a hedge against inflation.

Imagine you're saving $500. If you're choosing between USDT or bank it's always going to be worth $500 when ever you cash out. If you're buying BTC the price you buy's going to be different to when you sell. Choose bitcoin if you're happy taking risks with out knowing if you'll make profits or losses.

With the high rate of inflation and the limited access I believe I have over foreign currency account from here in my country, I see having USDT on my private wallet will be better off for me than having USD in any of my foreign or local account which will allow me to save on foreign currency, this is because I will have much of a control I’ve the money in my wallet over the one in my account I will not have to think about networks and some kind of limit exchange and all of that, another thing is that the exchange rate if I want to convert directly from bank account to my local currency is lower compare to the exchange rate when I want to convert my USDT to fiat.

If I have money in the bank and there is a problem with inflation here, I would not hesitate to take all my money out of the bank and convert it to Bitcoin or another cryptocurrency. Because in this way, I will be able to control the use of this fund so that I can grow it in trading activity here or in stakes or farming to have more profit.

I won't gamble my money on stablecoins knowing that I will be in trouble, so that's the way it is. If you have doubts, don't do it or continue; that's the simple thing to do, right?

This is a good question. Let's say your are in Zimbabwe.  They were printing 100 trillion dollar notes.

They are now officially using the USD. If I lived there I would turn my btc to usd and some yuan as they accept that if you trade with china . I do purchase direct from china.


here is a ccn article on inflation and Zimbabwe https://www.cnn.com/2016/05/06/africa/zimbabwe-trillion-dollar-note/index.html

it mentions they use USD now but will use a few other money units.

"What do the U.S. dollar, South African rand, the British pound, Indian rupee, Japanese yen and Chinese yuan have in common?

They are among the currencies being used in Zimbabwe as a solution to the country’s problems with hyperinflation"

quotes are from the article.

Many stable coins have legality and guarantees so that storing stable coins is a safe thing. I have always kept stable coins for almost 4 years and until now continue to get the benefits, for example, stable value and of course safer than saving money in the bank.

How's it possible why did you say stable coins are safer to saving money in the bank. If stable coins lose value like Terra did it doesn't matter who's guarantee backs it you aren't getting your money again. During the years you've held stable coins you could've seen Bitcoin touch $65k so which benefits did you get. Your reasons aren't logical.

I choose both. stable coins for investing or trading crypto while USD in the bank is used for daily needs or buying things we want. without USD crypto has no exchange value. but USD without crypto will have difficulty in transaction mobility. Having both in life is very beneficial because you don't have to choose one.