I am just seeing this coin you mentioned as stablecoin, but I never trade any of my coin to this stablecoin but I have traded and hold usdt. If you feels is secure and reliable to hold your asset you can hold it, the problems is how trusted is this coin if they can't decouple and lose it value just as terra usd did. You need to find study about them before leaving your asset in that coin, usually I hardly find them trusted unlike usdt better still hold BTC is more safer and reliable than altcoin.
Most of the people are not familiar with it especially because it came to the market in the third-Q of 2023. And it is also listed on Binance in July 2023. But I think many of those who are currently Binance users may know about it. Because it has built huge market cap in short time. Its market is currently ranked 52 number in the coin market. Moreover, its 24-hour market volume is at 5 number rank. And that's why I got interested in it.
I know that bitcoin is the best for holding, and I already follow DCA method for long-term bitcoin adoption for long-term holding. Now the thing is that I have already mentioned that I have to keep these funds stable because I will use them for my daily needs or in emergency situations. It may be that I can spend this entire fund after two months. So I want to do stable fund holding and also some extra earning through staking.
Good then, you can hold as well stake it but however the duration of your holding won't affect your usage?
Let say if you stake the funds on FDUSD what is the unlocking period or do you plan to stake some part of and leave the rest for your expenses, with this it could be very easier for you to spend them when the needs arises without affecting your staking duration. I guess you understand what I mean.
