💲💲 Stable Coins?? 💲💲

[dkbit98]

What Stable coins you like and use?

Please write your experiences, advantages and reasons you use or don't use them.

[1715379029]

1715379029

[NeuroticFish]

What Stable coins you like and use?

I don't like and I don't use stable coins. At least not directly.
While normal cryptocurrencies are about not trusting anyone, with stable coins you have to trust the issuer, which, especially in case of Tether is problematic: no proper audits, a lot of bad news over time, quite a lot of fluctuations in the price.

Yes, stable coins have their use, from arbitrage to various services. That's why I said I didn't use stable coins directly: I may have been using services that use stable coins.
From what I see stable coins may be used by some companies for interfacing crypto payments with fiat world.

Unfortunately they can be also used for bad things, especially if they are not backed by the amount of "hard money" they should. And, sorry, but until this issue is 100% fixed, stable coins are generally more bad than good for the ecosystem.

[batang_bitcoin]

Not a fan of stable coins and never used any of them from the very start of my journey in cryptocurrencies. I've known the usage of it but never done it until now, I guess if time and situation permits I'll try to use it and what it feels like to own a stable coin. The price isn't moving and you are like actually holding a dollar on your hand. If technically I became an expert in trading few years from now, I guess that I'll use it on my daily trades to save my profit.

[DDante]

I prefer USDC over other stable coins like tether,I don't like how tether is spread across other blockchain s like tron and btc but I'm looking forward to USDQ from platinum fund i think it will beat others

[Kasabus]

Tether because it's the most popular stable coin in the market but I'm not using it regularly because just like other people, I'm not a fan of stable coin.
I like to be old school, when I feel BTC is falling, I like to transfer my money in altcoins but this time not trading more often anymore.

[Mighty_crypt]

For me tether rocks,they have few issues with wallet compatibility in the past but its been fixed now and almost all available exchanges supports tether too so its good for a full time trader like me

[asrafkhairulazzam22]

I usually use USDT tether because it has been trusted by many people. and it is very safe to save long-term to protect our assets from fluctuations.

[Mikcik]

I have been using USDT since I joined the market. It's not that I don't like the remaining stablecoin, just the altcoin I trade has a better volume at / USDT

[michellee]

I prefer to use TrueUSD and Tether although I don't use it to sending the coins, and I only use it for temporary and saving the funds in the exchange. If I save both coins TrueUSD and Tether, I always convert it back to bitcoin when bitcoin price is down so I can get more bitcoin and I can hold it for a while until the bitcoin price increases.

[Alisha FR]

coin stable has its own uniqueness, which can be a long-term investment in the form of crypto. I see Tusd has very high stability with USD, I think now we can switch to saving money in the bank in the form of Crypto.

[Khuongcute2503]

What Stable coins you like and use?

Please write your experiences, advantages and reasons you use or don't use them.

I chose to use USDT because it was created 5 years ago. In terms of technology, it has been extended to ERC20 platform. Transaction fees are low, transaction speed is fast and that's what I need in this currency.

[Rahman11]

I think cryptocurrency not can stablecoin, because it's always vulnerable, some of major coins used by many ways as a payment gateway or buy/sell other cryptocurrencies! but bitcoin ethereum is most powerful and demanded coin in market for their popularity publicity and contacts.

[Alluro]

I use Tether because it is the popular stable in the crypto market and every exchange has USDT trading pairs. Another thing is most coins have USDT trading pairs in the exchange. It will be helped to trading coins.

[bigcash2011]

I have only traded in usdt but due to some transparency issues now im thinking to use usdc more because it is backed by reputed firms like coinbase etc. While Libra can become first choice but we will have to wait and see how they launch and what will be the level of compliance.

[Little Mouse]

I would never use stable coin because those are backed by centralized parties. Those projects may have a huge deflation within a day if something wrong goes on. I don't like any of the stable coin you listed above.

[old fart]

I use tether, maybe because it is the first stable coin I heard of. I'll try using others too, stable coin have been a life saver for me during downtrend

[valuater]

for now I use usdc more often because the problem of fees that are quite affordable for tether can also be that I only use tether if I make a large amount of transactions because the transfer fee can be said to be quite expensive

[tranduong123]

I am currently using USDT, although this currency is in constant trouble but it is currently used by many trading platforms and has the largest trading volume.

[timmmers]

As you can see, crypto backed stable assets are not pretty stable or trustworthy in time of bear market because you need more and more cryptocurrencies, but they will be again very popular in bull market and I would not be surprised if they surpasse fiat backed stable assets.  

[beerlover]

I honestly use USDT but unwillingly. I need to cash out time to time and I do not want to put them all into cash in my bank account, I want them to be cash but also stay on the exchange as well and that can only happen with USDT for now, there are some other ones but the biggest volume is on the USDT so if I use that it makes my life easier.

Even though I hate them and even though I want them to fail and everyone to show how crooked those tether dudes are, I also really need them. I hope one day something a lot more legit is created and used everywhere, there are plenty of stable coins out there but none of them have the volume of USDT and that seems to be the issue for me, I wish other stuff like USDC would get more attention and volume so we can all switch to that instead.