With this possibly upcoming crisis in mind...

[metallica101]

With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?

Stablecoins have a fixed value, so their value should never change. In other words, buying them is not really investing as much as digitizing your money. You won't be able to profit by buying stablecoins, but you will have access to a greater number of coins, as stablecoins are accepted on many exchanges, and have lots of trading pairs. However, investing in them is not the way to go if you want to secure your funds, as their value usually depends on the value of fiat currencies. There are some coins that use other cryptos to keep their value in check, so you might want to consider using those.

[Jating]

I think stable coins are designed to hedge against the falling price of bitcoin. So I don't think that it's good to be a leverage for incoming financial crisis if this is the case. And if people happen to think that way then I will assume it will go down as hard as fiat, in my opinion.

So for the looming financial meltdown, it's really good to put some wealth in bitcoin or any other cryptos and then some maybe in precious metals such as gold.

[prehisto]

It seems that you are thinking of global financial crysis and possibilty that FIAT currencies will be less valuable in this case.
my suggestion would be to invest in gold if you are considering stable coins in the first place. Gold will increase in value while stable coins have questionable concepts behind them, especially USDT.

[desticy]

In general, stable coins are quite suitable in order to transfer their assets into them for some time in order to wait out crisis times.
However, in view of the latest news that the US has issued a bill that can equate stable coins with securities, this can greatly affect the number of types of stable coins on the market.
Because if this happens, then many holders of stable coins will have to get rid of them in favor of bitcoin, and how a bitcoin will behave during a crisis is a big question.

[Perfect35]

Stable coins are in or by themselves meant to protect one's investment. Although, no matter how good a stable coin might appear, I do not recommend that it should be held for long. What is even the sole purpose of keeping one's investment in stable coin, if it is truly a stable coin. With time I believe it will become clearer.

[zhengqi]

It is worth investing in stable coins when you need to fix a profit for a while when you have closed some deal. But i don't see the point of deliberately keeping my money in them.

[Crypto5060]

The only stable coin that comes to mind is USD coin on Bittrex, it is always pegged to the dollar equivalent, suffers no volatility unlike USDT for instance.

[Twinkledoe]

Stable coins are in or by themselves meant to protect one's investment. Although, no matter how good a stable coin might appear, I do not recommend that it should be held for long. What is even the sole purpose of keeping one's investment in stable coin, if it is truly a stable coin. With time I believe it will become clearer.

I believe there are stable coins that claim to be backed by certain fiat currencies but in all honesty, they don't have that amount of money. They are deceiving the users. Remember USDT, they admitted that they are not really 100% backed by US dollars. How much more of these other stable coins?

https://www.forbes.com/sites/francescoppola/2019/03/14/tethers-u-s-dollar-peg-is-no-longer-credible/#3da4c28d451b

[Leyss]

Stable coins, this is the same ordinary currency, only in digitized form. It always clearly corresponds to one, that is, the price of the ordinary currency with which it is provided. This means that if the regular currency falls in price due to inflation, then the stable coin that represents it will also fall in price. After all, a stable coin should not deviate from the rate of the ordinary currency that it represents. Therefore, I see no reason to buy stable coins to protect against inflation.