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RE: How Stable The Stablecoins You Hold by yintercept

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· @yintercept ·
$0.08
There is no such thing as stable coin. All prices in the economy are in flux.

Personally, I try to avoid stable coins. The pegs used to stabilize coins usually increase the volatility of the other coins on the market.

Stabilizing the US Dollar seemed like a good idea a few years ago. The current US regime is printing money irresponsible. So, not only do the pegs add volatility to the market, they are stabilizing to a potentially unstable currency.

The US is likely to enter a period of double digit inflation which will shake up the world economy and any blockchain that pegs coins to the dollar.

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@bombus ·
$0.04
You are right. Overexposure to a single fiat (the US dollar) is not a good thing
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@rezoanulvibes ·
$0.05
Even if you have to hold Stablecoins, I think it is better not to hold just one Stablecoins. We just saw what happened to UST.

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@rezoanulvibes ·
> There is no such thing as stable coin.

Well said. Even if it seems the Stablecoin is pegged to $1 strongly, it's not stable because the fiat currency that is pegged to loses its value over time.

It's scary to see hyperinflation. What CIP shows, that's not the real picture. Actual inflation has already been in double-digits.

Thank you @yintercept for sharing your thoughts! Appreciate that!

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