Topic: With this possibly upcoming crisis in mind... (Read 529 times)
Stable coins, this is the same ordinary currency, only in digitized form. It always clearly corresponds to one, that is, the price of the ordinary currency with which it is provided. This means that if the regular currency falls in price due to inflation, then the stable coin that represents it will also fall in price. After all, a stable coin should not deviate from the rate of the ordinary currency that it represents. Therefore, I see no reason to buy stable coins to protect against inflation.
Stable coins are in or by themselves meant to protect one's investment. Although, no matter how good a stable coin might appear, I do not recommend that it should be held for long. What is even the sole purpose of keeping one's investment in stable coin, if it is truly a stable coin. With time I believe it will become clearer.
I believe there are stable coins that claim to be backed by certain fiat currencies but in all honesty, they don't have that amount of money. They are deceiving the users. Remember USDT, they admitted that they are not really 100% backed by US dollars. How much more of these other stable coins?
https://www.forbes.com/sites/francescoppola/2019/03/14/tethers-u-s-dollar-peg-is-no-longer-credible/#3da4c28d451b
The only stable coin that comes to mind is USD coin on Bittrex, it is always pegged to the dollar equivalent, suffers no volatility unlike USDT for instance.
It is worth investing in stable coins when you need to fix a profit for a while when you have closed some deal. But i don't see the point of deliberately keeping my money in them.
Stable coins are in or by themselves meant to protect one's investment. Although, no matter how good a stable coin might appear, I do not recommend that it should be held for long. What is even the sole purpose of keeping one's investment in stable coin, if it is truly a stable coin. With time I believe it will become clearer.
In general, stable coins are quite suitable in order to transfer their assets into them for some time in order to wait out crisis times.
However, in view of the latest news that the US has issued a bill that can equate stable coins with securities, this can greatly affect the number of types of stable coins on the market.
Because if this happens, then many holders of stable coins will have to get rid of them in favor of bitcoin, and how a bitcoin will behave during a crisis is a big question.
However, in view of the latest news that the US has issued a bill that can equate stable coins with securities, this can greatly affect the number of types of stable coins on the market.
Because if this happens, then many holders of stable coins will have to get rid of them in favor of bitcoin, and how a bitcoin will behave during a crisis is a big question.
It seems that you are thinking of global financial crysis and possibilty that FIAT currencies will be less valuable in this case.
my suggestion would be to invest in gold if you are considering stable coins in the first place. Gold will increase in value while stable coins have questionable concepts behind them, especially USDT.
my suggestion would be to invest in gold if you are considering stable coins in the first place. Gold will increase in value while stable coins have questionable concepts behind them, especially USDT.
I think stable coins are designed to hedge against the falling price of bitcoin. So I don't think that it's good to be a leverage for incoming financial crisis if this is the case. And if people happen to think that way then I will assume it will go down as hard as fiat, in my opinion.
So for the looming financial meltdown, it's really good to put some wealth in bitcoin or any other cryptos and then some maybe in precious metals such as gold.
So for the looming financial meltdown, it's really good to put some wealth in bitcoin or any other cryptos and then some maybe in precious metals such as gold.
With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
Stablecoins have a fixed value, so their value should never change. In other words, buying them is not really investing as much as digitizing your money. You won't be able to profit by buying stablecoins, but you will have access to a greater number of coins, as stablecoins are accepted on many exchanges, and have lots of trading pairs. However, investing in them is not the way to go if you want to secure your funds, as their value usually depends on the value of fiat currencies. There are some coins that use other cryptos to keep their value in check, so you might want to consider using those.
Stable coin are stable and you have nothing to worry about, all you need is to trust the tokens and be sure that they are indeed backed by the by actual Fiat money. I think the only project likely to have issue is the Stablecoin backed by Algorithms since then are still not that tested
to check whether the coin is really supported by real money is impossible. you cannot request data from the project that there is some amount of money in their bank accounts. 
With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
If you are for long term investment with low profit then it is safe to say for you to invest in stable coins but if you are for either short term investments or long term investments with better and higher profit but with a greater risk then go invest to crypto. It may be the safest thing to invest in stable coins because there is an assurance of return in the end but it has low profits than crypto. On the other hand, chances of sinking like a stone on the market is not that high more likely closest to being impossible.
Everyone will have different thoughts but when you decide to invest, you will have to accept all risks in this market.
Stable coin are stable and you have nothing to worry about, all you need is to trust the tokens and be sure that they are indeed backed by the by actual Fiat money. I think the only project likely to have issue is the Stablecoin backed by Algorithms since then are still not that tested
First of all, I just thinking if stable coins are not investment place. They were created just for to send money with an easy way or to make an easy way for those traders to keep their money when comes a crash in cryptocurrency prices. It will be useless, if there are some poeple who have intention to save their money when the crisis economic comes because its value will also fall.
Therefore, if you have an intention to save your money when the crisis economic comes it will be good if you use bitcoin only. Bitcoin price will not go down who affected by crisis economic, even there are some people who has said that bitcoin can be included as safe heaven and can be aligned as gold because its characteristic is same IMO.
Therefore, if you have an intention to save your money when the crisis economic comes it will be good if you use bitcoin only. Bitcoin price will not go down who affected by crisis economic, even there are some people who has said that bitcoin can be included as safe heaven and can be aligned as gold because its characteristic is same IMO.
Stablecoins is good for the hodlers and huge investors since it will protect their money from volatility, USDT is stable yet still risky. If you can’t find Bitcoin as an stable coin then it will be hard to look for other cryptocurrency to hold for. If there’s a new stable coin that can assure you profit, then choose that coin.
With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
If you are for long term investment with low profit then it is safe to say for you to invest in stable coins but if you are for either short term investments or long term investments with better and higher profit but with a greater risk then go invest to crypto. It may be the safest thing to invest in stable coins because there is an assurance of return in the end but it has low profits than crypto. On the other hand, chances of sinking like a stone on the market is not that high more likely closest to being impossible.
Stablecoins is good for the hodlers and huge investors since it will protect their money from volatility, USDT is stable yet still risky. If you can’t find Bitcoin as an stable coin then it will be hard to look for other cryptocurrency to hold for. If there’s a new stable coin that can assure you profit, then choose that coin.
Stable Coins is for assurance of price like this will stay only so this is like fiat only so that's all then if this turn bad like scam or hack
Then you need to decide on that because anytime it can really happen like that the crisis still i think base your using and investing in the team behind of the stable coins like they are trusted then popular already so this will not turn like that
Then you need to decide on that because anytime it can really happen like that the crisis still i think base your using and investing in the team behind of the stable coins like they are trusted then popular already so this will not turn like that
I don't really get stablecoins, or rather, can't explain why people would want to keep their cash in stablecoins.
UNLESS you are at an exchange constantly looking to buy and sell crypto, and keep value in the exchange, sure.
But to actually say you want to store value in stablecoins instead of fiat? I don't get it. If you still want to trust fiat, keep it in usd/euro and keep it in a bank so at least it's insured. But stablecoins? Trusting some unknown company?
Today i was reading somewhere that G20 has been considering comprehensive policy about stable coins, if they do legalize and regularize them soon i think sooner or later crypto is coming to the mainstream as well because stablecoins are also crypto form of fiat/money so next step will definitely be crypto adoption.
It's this the Calibra thing? not sure but I've heard from the news that there's a lots of government institutions who are considering this stable coin to co-exist with fiat system. If this will finalize and make the impressions it will bring more exposures with crypto market.Things might be different once this stable coin will be accepted worldwide.
I don’t think so, because stablecoins won’t give you some guarantee about your money and any time they can lose value once those who issued them lost valuation or just disappeared in the void. It can work for only a couple of years or until the one who issued the coins exist, and if that’s the case it’s better to diversify in case the stablecoin provider gets lost in the void.
I am also still confused about the use of Stablecoin itself. Because if you want to keep your assets safe from falling prices, it's better to keep FIAT. Why must be converted to Stablecoin?
If the reason is for faster delivery to someone on the other side of the earth, I think XLM can do that better than having to save stalbecoin.
but stablecoin in my opinion is useful to help investors to conduct inter-market transactions. if you use XLM to be used as a method when cross-market transactions I think it should be more thorough because the prices between markets vary even though only in small volumes and I think it will cost more. If the reason is for faster delivery to someone on the other side of the earth, I think XLM can do that better than having to save stalbecoin.
But for the problem of usage it depends on the user if you use XLM then that is your choice and so is the other coins. because they certainly have different goals in each of these coin developers
I am also still confused about the use of Stablecoin itself. Because if you want to keep your assets safe from falling prices, it's better to keep FIAT. Why must be converted to Stablecoin?
If the reason is for faster delivery to someone on the other side of the earth, I think XLM can do that better than having to save stalbecoin.
If the reason is for faster delivery to someone on the other side of the earth, I think XLM can do that better than having to save stalbecoin.
With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
Well, if fiat currencies sink, most/all stablecoins will definitely sink with them unless they are not really pegged to fiat or are scams.
I guess we need some creative minds to create some sort of stablecoins that are pegged to other things that wouldn't be too affected by such crisis. I have different things in mind for this but haven't really researched into them, to understand how they react during global crisis.
I think cryptosphere should have different options and not just stablecoins that are pegged to fiat currencies
With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
While there are hundreds of other coins to invest in the market, why invest in stable coins? The cash you have in your pocket is more reliable than them. They are backed up with the money you invest in them. It seems that they have systems to protect it for now, but that is not collateral to the next days. I think it is best to stay away from stablecoins. Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
If that stable coin is backed in any fiat currency, like in USDT(Tether) is backed by US Dollar (as they said), then it is almost the same with fiat US DOLLAR.
Since most of the stable coins is pegged with US DOLLAR, then for sure if the fiat currency will lost some value, then their digital stable coin here in cryptocurrency will also lost in value.
Truth here. Since most of the stable coins is pegged with US DOLLAR, then for sure if the fiat currency will lost some value, then their digital stable coin here in cryptocurrency will also lost in value.
Why would you waste effort converting it to USDT if it just the same as having USD?
For what purpose? USD goes down and so does USDT. It is just the same converted into an internet money.
(...)
That's why some stable coins said that they are totally backed with those national currency. And also it's much secure since it uses blockchain technology.
That's what I can see the reason why stable coin is here.
I don't think I want to invest in stable coins at this time because I see the market is not in the downtrend. The market still trying to survive, and from that, I want to try to make a profit from many coins. If we invest in stable coins, we cannot make a bigger profit as the moving of stable coins is not too fast as the other coins.
Invest in stable coins is work if the market in a downtrend so we can save the amount of money while we are waiting the price reaches the bottom price.
Invest in stable coins is work if the market in a downtrend so we can save the amount of money while we are waiting the price reaches the bottom price.
With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
It is not a good investment for traders 'cause it has low profit than decentralized cryptocurrencies. Although it has a low probability of sinking unlike crypto. Well it is good for payment but for long term investment it is not. Since decentralized cryptocurrencies are bound to burst it is much better to invest on crypto for something sky-rocketted profit. In the end cryptocurrencies doesn't represents any true value.
Investing in a stable coin which is standardized in FIAT in my opinion will be very safe for now, because the price will follow the FIAT currency like USDT which follows the USD price. Stable coins are intended to bridge the cryptocurrency with FIAT and prices must be stable. For the current crypto market crisis the choice of investing in stable coins is not bad, compared to investing in crypto coins whose prices cannot be predicted and prices are very volatile.
If that stable is backed in any fiat currency, like in USDT(Tether) is backed by US Dollar (as they said), then it is almost the same with fiat US DOLLAR.
Since most of the stable coins is pegged with US DOLLAR, then for sure if the fiat currency will lost some value, then their digital stable coin here in cryptocurrency will also lost in value.
Since most of the stable coins is pegged with US DOLLAR, then for sure if the fiat currency will lost some value, then their digital stable coin here in cryptocurrency will also lost in value.
Truth here.
Why would you waste effort converting it to USDT if it just the same as having USD?
For what purpose? USD goes down and so does USDT. It is just the same converted into an internet money.
I would rather use it for trading against bitcoin or altcoins rather than keeping it.
It is not worth the HODL for me. I would stick with bitcoin instead having a larger chance to grow if they use it as an escape pod to protect their money.
With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
I've only ever used stablecoins that have been tied to the USD dollar for trading bitcoin when the market is changing a lot, for example I was able to use it to preserve my assets when BTC dropped from 20,000Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
I don't think there's a lot of other uses of it, it was way easier for me to move my funds to USDT instead of moving it to actual fiat currencies.
I don't believe in them at all, they are way too centralised in a market that should be decentralized.
I believe that stable coins are needed only for traders in order to always have a safety pillow for the ability to place an order at lower levels. but stable coins as a means of payment are not needed to the cryptocurrency industry
Yes. It cushions the volatility of trade and can be used to store value but the proliferation of stable coins is what scares me the most. The last time I counted, they numbered to over 23. All serving the crypto market which has not done alot of increas in the last couple of months
Today i was reading somewhere that G20 has been considering comprehensive policy about stable coins, if they do legalize and regularize them soon i think sooner or later crypto is coming to the mainstream as well because stablecoins are also crypto form of fiat/money so next step will definitely be crypto adoption.
With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
I honestly do not believe in stablecoins solely based on the fact that it adds another layer of centralisation to fiat.
Fiat itself is already created by a centralised entity, and its intrinsic value is zero or close to it. Yet, people seem to blindly trust in it and create stablecoins that reflect its value. Now, not only will you have to face the consequences of the value of fiat dropping, you'd also have to essentially trust that the stablecoin issuer is not doing anything shady in the form of fractional reserves, etc.
It's definitely not something I'd want to hold in times of economic despair, where bank runs and liquidity issues are widespread.
Since most of the stable coins is pegged with US DOLLAR, then for sure if the fiat currency will lost some value, then their digital stable coin here in cryptocurrency will also lost in value.
Yeah, that's the whole point of stable coins. Since they're pegged to a fiat currency they don't offer any protection in the case of that currency being devalued. And op, traders aren't hoarding stable coins because they really don't offer any advantage over fiat or other cryptocurrencies. They're placeholders for cash.I hear lots of talk about an upcoming crisis and I find it worrisome. It's been over 10 years since the last major crisis and the world got lucky with that one. The next one could be doomsday, but I honestly don't see that happening over the horizon.
The role of crypto in a major financial crisis really isn't clear and we won't know until it happens. What I do know is that nobody is going to be buying stable coins, because those would be *worse* than cash when cash is scarce or is losing value. Look at Venezuela. Did they turn to USDT? Nope.
The only stable coin around for investments is tether and I don't trust that. I would never touch that neither. I would rather get physical cash instead of tethers but oh what? I don't really trust that too! What is left then? Physical gold and bitcoin of course. Bitcoin is volatile but being volatile is a lot better thing than going "poof" suddenly.
I never store large amounts in crypto, even in stable coins. I use stable coins only as a trading tool and keep money in them for no more than a month. I think that the crisis will affect these coins, because they are associated with fiat money.
With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
In case of a real financial crisis, not just a recession, the BTC is more like to soar in fiat valuation.
So there is no need to invest/convert to any stable coins unless you want your portfolio to lose fiat value.
However, in short-term, due to huge and sudden price drops in BTC/USD pairs, it's not a bad idea. I already converted part of my coins into TUSD and alts.
Stablecoins are for large traders, its a way to lock in your profits trading cryptos until you are ready to trade more or cash out
of course most of us wont have much use for them, 1/2 the people here dont even know how they work
the problem with USDT was it was them being their own fed, so of course they printed as they wanted, it was just too tempting for them
If USDT goes erc20 that will be massive, could collapse some major alts imo
of course most of us wont have much use for them, 1/2 the people here dont even know how they work
the problem with USDT was it was them being their own fed, so of course they printed as they wanted, it was just too tempting for them
If USDT goes erc20 that will be massive, could collapse some major alts imo
With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
In the recent days the use of tether exceeds even bitcoin usage in the daily trading volume but why people using it,just to convert their profits into stable crypto to avoid fee but for the investment its not even a thing has a reason to be because its literally have the same value of fiat. Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
I don't think there is any point in us investing in stable coins. The logic is like we are investing in fiat, there is no value at all.
What we need in investment is price or volatility. So we can take large profits in terms of movement a significant price,
if the stable coins are relatively stable the price is difficult to obtain profits. So maybe the same holding stable coins
with us saving money in the bank. I estimate that there are no investors who invest and hold stable coins.
What we need in investment is price or volatility. So we can take large profits in terms of movement a significant price,
if the stable coins are relatively stable the price is difficult to obtain profits. So maybe the same holding stable coins
with us saving money in the bank. I estimate that there are no investors who invest and hold stable coins.
Possible upcoming crisis on cryptos is nothing compared to possible global financial crisis that is predicted to be happening in near future (i am assuming you are talking about that). If the fiats fall in value, fiat based tokens will as well, so i don't understand your question or maybe i misread something. It will affect cryptos as well but still i have far more trust on gold and bitcoin at the moment for preserving the value in a long time frame.
the current crisis is because of the failure of dev critics to develop their coins and projects. people will definitely get bored with the same situation as this and not develop at all, so it only plays on crypto values only. it makes a significant decline in crypto enthusiasts and prices will be difficult to go back up and stable. that's just my analysis in person, maybe there are still many other things that make a crisis like this.
With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
Why would you invest in stablecoins? Its pegged at a fixed value if you use for trading then it has a point but if its for long-term holding might aswell turn it into a real fiat and then invest it in a bank.Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
There is no mechanism that protect stablecoins from losing its value, its just an imagination its not backed by something.
No one is hoarding stable coins, because there will be no benefits of holding them. we only buy stable coins when we want to switch our non-stable coins to the fiat price. because trading from BTC to USDT is convenience when you are worried about the sudden fall of the price. This is the only thing I see about the use of stable coins. other than alternatives for fiat, we find no other use for it.
Yes, there is no benefit at all in holding stanble coins, but they have also advantage, as we all know that crypto is volatile, so once the Bitcoin is dropping, most traders strategy is to convert their Bitcoin or any other altcoins to stable coins then buying again once the market is stable. So, stable coins has a big role too, or else, traders will incur a big loss. 
I believe that stable coins are needed only for traders in order to always have a safety pillow for the ability to place an order at lower levels. but stable coins as a means of payment are not needed to the cryptocurrency industry
I consider coins like USDT or USDC a digital fiat (USD) or whatever you want to call it, but there is no benefit of holding them for long since you will still get back what you spend on them, buying stable coins can't be called investing, its perfect for keeping digital money at a fixed price
There is a reason for fiat to sink like a stone and there will another reason for stablecoin to sink as well. There is no mechanism to protect it,
it has been like this for ages and we can not change it.
you can think this way that means somebody else out there might think like this too, there is a possibility for someone out there hoarding stablecoin because they are afraid of upcoming crisis.
it has been like this for ages and we can not change it.
you can think this way that means somebody else out there might think like this too, there is a possibility for someone out there hoarding stablecoin because they are afraid of upcoming crisis.
What is the point of investing in stable assets, but if you think that everything will drop, then I would choose the one and only right stable coin which is named DAI. In my opinion, this is the obvious choice, because such coins as TUSD are garbage.
If that stable is backed in any fiat currency, like in USDT(Tether) is backed by US Dollar (as they said), then it is almost the same with fiat US DOLLAR.
Since most of the stable coins is pegged with US DOLLAR, then for sure if the fiat currency will lost some value, then their digital stable coin here in cryptocurrency will also lost in value.
Since most of the stable coins is pegged with US DOLLAR, then for sure if the fiat currency will lost some value, then their digital stable coin here in cryptocurrency will also lost in value.
With this possibly upcoming crisis in mind, what you guys think about investing in stable coins standardised with fiats?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
Is is even a thing, that they will sink like a stone, just like fiats will? Are there any mechanisms that can protect such stablecoins?
Or maybe, I have a misconception of the reasons for their existence and nobody is actually hoarding st.coins?
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