The need to hold stable coins is on the continuous increase with many opting for more safety by going into them. Observation from the coinmarketcap show four stables in the top with 11 with USDT, USDC, BUSD and DAI making the list.
Stable coin are basically cryptocurrency tied or pegged to the US dollar. They maintain a 1:1 equivalent to it. The crypto market downturn in recent months has revealed their significance and their strength. Unfortunately a supposed stable coin- the UST failed the test given reason why proven and tested stable with history should be invested into.
Considering the season of in which we currently are with the Bear still in action, holding stables are very much needed as they offer form of safety and stability with the extreme volatility in the market.
Holding them also give you some form of advantage has they come in handy when it comes to buying the Dip. The are great store of value. The make sense to hold just has you would in traditional banking system with savings.
Investing them in to a trusted decentralized finance platform can also be a good one. As you stand to get certain interest with them locked up in there. Personally i have been investing more in them by moving into the HBD on the hive Blockchain and the pHBD-USDC at the PolyCub DeFi. They both give decent APR with both at around 20%.
Looking for a platform to store up your stable coin with peace of mind and earn generous interest? Look no further. Hive and PolyCub has got you. Let your money do the work for you.
