Today one of my friends asked me about stable coins and was interested in doing some investment. He was asking me what would be the minimum value that would be required for stable coin investment. Sometimes when non-crypto friends try to talk and understand about cryptocurrencies the questions would be like this. But I was glad that many people are at least trying to explore cryptocurrencies in one way or the other. I'm glad that he wanted to understand more about stable coin and how he can invest.
Suggested HBD
It is obvious that when someone ask me about investing in stable coin, I would immediately recommend HBD only. The perfect thing about HBD is the APR and stability of the coin. No matter how bad the market gets, the value of HBD is quite stable with USDT. All the thanks to the HBD stabilizer which is running very smooth in keeping the price stable.
Sometimes when the market is shaking a little bit, the value of HBD will also shake a little but whatever happens the price will get back to where it was. People trade on HBD and Hive due to this very reason. If the value of HBD gets affected, we can know for a fact that it will get back to the original value. So people trade based on this opportunity.
Other stable coins
I don't have big exposure on the stable coins available in other blockchains. I know for a fact that there are other chains available where a decent APR is given for other stable coins. In some places stable coins are also used for some purchases in games or other types of investments. So it has been a common practice for chains to create stable coins and use them accordingly.
Careful with stable coin investment
People will have to be very careful when it comes to investing in stable coins. It is better to keep the funds in wallets instead of exchange wallets. Sometimes exchange wallets can be problematic but we can rely on our own wallets because we have the full control over them. It is also good to choose the right stable coin to invest. In the history of cryptocurrencies, there have been coins that has disappeared or lost its value. It is always good to be very careful before investing.
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