In the Crypto market, we cannot ignore the importance of stablecoins now and I have seen it going over the years. It is quite important and now we can't expect the crypto ecosystem to flourish without stablecoins. There are two types of coins in this market one is regular crypto coin and another one is called stable point. Stable coins are important because the value does not fluctuate and most of these coins are backed by US dollars.
I'm not denying the fact that Bitcoin is crucial in the market but at the same time we just can't deny the fact that stable points are also doing good. For example, if I talk about USD T which is the leading coin managed by Tether company. Stable coins are managed down the blockchain where we can see all the information. Dollar overprinting has been one of the biggest issues shown in the US economy and with stable coins it is not possible because there is a logic behind new USDT printing which is the best part.
Stablecoins are "fundamental for the U.S. economy, driving demand for U.S. Treasury notes and do not pose a systemic risk to the world,"
I'm not an expert and I'm also not a regular trader but the kind of trader and user I am in this market certainly calls for the need for stable coins. When I sell my crypto then I choose the pair USD T and I often do this practise when I see that the market is on high and I sell. I'm not selling to book profit instead I'm selling to buyback at the lower price and this is how I try to grow my overall Bitcoin or any crypto holding.
My goal is for the long term and this is the reason why I continue to accumulate more coins by selling high and buying low which is possible only because I have these stable coins and I do not need to worry about their price. This is the reason why I say that stable coins are beneficial for all of us and having strong projects for stable coins has the potential to grow significantly.
Thank you so much for stopping by and if you like my content, please vote and share your thoughts in the comments section.
10% beneficiary to Tron-fan-club