Which is the stablest of the stablecoins
Stablecoin, a cryptocurrency whose price is pegged to fiat money or a commodity, is the backbone of cryptocurrency. For me, it is a refugee from the price volatility, the dry powder ready to shot when the market comes, or a parking zone when I am undecided where to go. We all need a harbour sometimes. Apart from serving as a hedge, stablecoin can generate lovely interests and have interesting utilities in Defi, making it a low-risk investment. But before diving into the profitability of stablecoin, a fundamental check we should make is whether the stablecoins in our wallet can redeem…