Topic: Stable Coins Necessary? - page 19. (Read 2979 times)
Yes, why not. Stable coins protect investors from downward trend. You should have some % of your assets in stable coins. The reason for many stable coins is because you just can't trust 1 stable coin. If it fails then the results are catastrophic. For example USDT is losing its trust very fast. Devs aren't allowing external audits and so people are looking for other alternatives. This is where coins like GUSD, TUSD are coming in.
Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX.
But do you think it's really necessary to have so many stable coins?
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