Year 2022 could be for Stable Coins in Crypto ?

In crypto, space trends keep on changing so if you are in this for a few years then I am sure you have witnessed it. Crypto is a fast-moving space where the amount of development is too high and since its completed backed by high-end technology so we get to see much more happening here. There was a time when we only had the option to buy and hold to wait for the price increase. Another option was to trade and book profit and both of these options are still here but there have been many additions to this and now we have got a bunch of options to earn in crypto.

src

We have seen Defi, Gaming, staking, and now with web 3.0 crypto and blockchain are going to revolutionize the way social media works. Along with this, we can also see that now stable coins are getting more attention. USDT is one of the stable coins that are very popular and it was started quite early. Although now we have many names in this list and even Binance has its own stablecoin known as BUSD. Binance is not the only name and many other leading exchnages like Coinbase and Gemini exchnages also have their stable coins and as per them, these are backed by real USDT. We even have an HBD stable coin that is decentralized and pegged to USDT.

Stablecoin issuer Tether froze three Ethereum addresses on Thursday, holding over $160 million worth of USDT, according to data from Etherscan. Tether has said in the past that it regularly works with regulators to supervise suspicious accounts.

USDT coin is issued by Tether and undoubtedly this is a leading coin in its segment so it has the biggest marketcap. A stable coin means the price will not much fluctuate and it will work similarly to US Dollar where value will not fall drastically.

src

Many platforms like Nexo and some exchnages are offering a decent APR on holding or deposit of some leading stable coins on their platform. Basically, these are used for liquidity and these exchnages share the earnings with the people who stake their stable coins. We usually expect a higher %percentage of returns in the crypto space because we know that the prices are highly volatile here but with stable coins, we can a decent apr with the least risk. When there is a higher apr then it also brings the possibility of higher loss but with stable coins its not like that.

I expect that in this year we can see much more on stable coins as we have seen for DeFi, NFT, gaming, etc. So it can be an addition to what we already have and we may get better options to earn with stable coins holding.

Thank you so much

Posted Using LeoFinance ^Beta