Are Stablecoins Safe? Watch this Video Before Using Fiat Token Cryptocurrencies like Tether & USDC
Everyone in the cryptocurrency ecosystem is talking about stablecoins! But are they legit? Are Stablecoins safe to use? In this video I'll teach you what stablecoins are, how they are used, and things you should know before using them. I'll also talk about USDC, the new stablecoin token issued by Coinbase. If you want to store value in USD, stablecoins can be attractive, but know the risks before you do and watch this video!
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In my opinion, there's no such thing like " stablecoin" in this world, coz as we all know the world is always in change. The so-called stablecoins created by giant companies will just make the " numbers(the prices listed on the dashboard)" stable, but not the value that coins actually have. Another thing is that, those stablecoins are somehow far from the concept of decentralization, and they maybe easily manipulated by human beings.