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.

[MAAManda]

In the midst of a bear market, holding stablecoins is a way to preserve value. I usually just hold $USDT, but after considering many things, it seems that gold stablecoins could be a better way to preserve value.

FYI, apart from Tether Gold (XAUT) & PAX Gold (PAXG), there are many more gold-backed stablecoins (have at least $10M in MC), such as:

1. Matrixdockgold (XAUM)
2. DGLD - Digital Gold Token (DGLD)
3. Comtech Gold (CGO)
4. Tether Gold Tokens (XAUT0)

I also found information about gold stablecoins staking, some of which are:

PAX Gold (PAXG)

Exchange	|	Locked APY	|	Flexible APY
────────────	|	────────────	|	────────────
Nexo	|	6%	|	3% - 5%
Binance	|	-	|	0.07%
Gate.io	|	-	|	4.38%
KuCoin	|	-	|	0.11%

Tether Gold (XAUT)

Exchange	|	Locked APY	|	Flexible APY
────────────	|	────────────	|	────────────
MEXC	|	10% - 400%	|	3%

- All tables are created using SignaTools Table Generator -

I can say that this is an interesting discussion, +1 merit, mate .

[AVE5]

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.

I don't do with gold but but Cryptocurrencies and the only reason I'll have to store my values in stable coin is to alternatively control control volatility just as you mentioned the bear market. So i think those who're investing on gold will also preferably hold on the stable gold during the gold bear to control volatility as well.
The crypto market events doesn't align with the gold market so stable gold can't be an option for me to navigate during the era's and the risks could probably be justified according to their market performances which stability of their values may potentially varies.
Remember that gold isn't always ahead other assets but has a long term hedge.

[Reatim]

im assuming that since you are considering of holding stablecoin then you want some stability and to me gold is still volatile than fiat. countries can breakdown along with their currencies yes but specific currencies like usd for example won’t crash as easily so it’s a lot more stable

[jossiel]

The trend for gold recently is decreasing and so, if I'll be choosing where I'll be putting my money plainly, I'll choose the stable coins in fiat.

So, they're usually USDT, USDC or DAI. But if the time comes and I think that it's encouraging to invest into gold then, I'd go with XAUT or any other gold backed coins.

IMO, it's still best to have ourselves remain with some stable coins (USDT) for any purpose that we might think of it if needed.

[JeromeTash]

Gold is stable?

Or rather, you mean coins that are pegged to gold.

Instead of holding gold, I would rather hold on to BTC or just go USDT if the market was on a lengthy bloodbath. I don't think the gold price just moves in only one direction. At some points it also corrects.

[FirmWars]

Whether it's bear or bull market, I see that there's always need to hold stable coins, in bull market, someone can sell and hold the money in fiat waiting for the price to dump before they can rebuy, while it's also the same strategy they use in the bear market. If someone also don't want volatility, they could just convert the coins they are holding to fiat stable coins, for those reason I'm also holding fiat and I prefer stable coin fiat.