Stable coin fiat or stable coin gold

[Oshosondy]

They have the same risks because they are not actually fiat or gold. They are not the real fiat or gold price but pegged.

Some people  prefer to just hold stable coin like USDT, USDC for fiat or PAXG or XAUT for gold during bitcoin bear market, which one would you prefer?

The reason I asked this question is that I am holding stable coin gold this bear market and it is better than stable coin fiat.

Post your opinion.

[MusaMohamed]

They have the same risks because they are not actually fiat or gold. They are not the real fiat or gold price but pegged.

Some people  prefer to just hold stable coin like USDT, USDC for fiat or PAXG or XAUT for gold during bitcoin bear market, which one would you prefer?

The reason I asked this question is that I am holding stable coin gold this bear market and it is better than stable coin fiat.

Post your opinion.

When these coins have pegs with either fiat currencies or gold, they have risk of depeg. Many stablecoins don't have their pegs stable at all so stablecoins have risk for people who believe that storing their money in stablecoins is safe.
A research and report on stablecoin degegs.
Stable coins: a deep dive into valuation and depegging.

Stablecoins have risk of freeze even in your non-custodial wallets.
PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets.
Stablecoins and Blacklists.

[TastyChillySauce00]

Gold is good, after the gold bullrun I converted 50% of my stable portfolio to gold stablecoin.
You get capital gain by just holding it and there might be flexible savings offered by CEX that could add more yield. Sounds like a good deal if your money is just sitting.

Fiat stablecoin is worse because if you observe the fiat stablecoin issuers' holding for the peg it's basically consisted of gold reserve and some other thing. You're giving the capital gain to them.

[Cointxz]

Stable coin gold if long term holding since it’s being used as an inflation hedge same with Bitcoin. Holding it long term is much better compared to stable coin fiat that sometimes depegging or purchasing power becomes lower in the long run.

Crypto bear market is just short term nowadays since the price easily recovers with just weeks or months of waiting.

[dansus021]

I am holding stable coin gold this bear market and it is better than stable coin fiat.

In the market full uncertaintly like this holding gold is better. Even tho lot of people consider Bitcoin as a Digital Gold but in reality is more like an asset that super volatile. Gold in the other hand when there is a geopolitical issue tend to soar.

But personally Im holding stablecoin fiat USDT/USDC already proven in bear market and battle tested. Beside that is peg to USD like you said before, and usually Im going to use it to buy more coin when bear market hit.