78щ

Wow, that's a very informative post.

There is a lot of fuzz about stable coins... However, I like to stay away from them.

For the company, it is amazing to create a stable coin, even if it is backed 1:1 with USD or gold etc... Because whoever buys a stable coin is lending money to a company with zero interest rate.
It is like a certificate of deposit, but with zero interest rate.

You pay 1 dollar for each token, and the company promises to pay back that debt of 1 dollar for each token whenever you want. It is much worse than storing cash under your sofa (even riskier, because those companies may simple not pay for numerous reasons).

They might be useful for trading and for people who live in very repressive countries where it is very hard to buy USD... but even though I would still prefer to buy USD than USDT or USDC (and I live in a repressive country where it is very hard to buy USD)

You create another big thread, Ratimov, so thank you.

Among all that companies stay behind those stable coins, I am surprised with BitUSD and Bitshares (BTS). The chart of Bitshares looks like the one for a sleepy giant. When will it wake up?

https://bitcasino.io/blog/cryptocurrency/top-10-stablecoins
[UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

To be honest for many years i thought stablecoins are useless or they are similar to money grabbing schemes where developers are selling their fake usd against your real usd, btc or eth. But now i have realized how these stablecoins work and their importance in trading etc and suddenly i have started believing in their authenticity and importance.

Just looking for a stable coin to transfer some of the funds to the dollar and store them safely, there may be problems with usd in my country. I will divide it into several parts in different stables.