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Do you think it wise to have a cryptocurrency that is backed by fiat, like USD coin by the US dollar, and would you invest in it (short term, long term, or not at all)?
Since I used USD coin as an example, I'll give a brief summary for those that are not familiar. USD coin is a stable coin backed fully by the US dollar that was created by Coinbase and Circle. The purpose of USDC is......."Our mission is to build an open financial system for the world. As part of this mission, we want everyone to enjoy the stability of the world’s fiat currency, the US dollar. USD Coin allows unbanked and under-banked individuals in any country to hold a US dollar–backed asset with nothing more than a mobile phone." Do you agree with them? I'd love to hear your opinion. Thank you :) Website source: https://www.coinbase.com/usdc.

For me, it is depending the purpose that you hold this coin. For instance, if you opt to make frequent payment or transfer, these coins are the best solution: fast, cheap and untraceable. But in the investment point of view, these coins won't give you significant return or any return at all, due to the fact: they are stable coin, they are meant to be stable!


Stable coins are not really an investment opportunity. They are supposed to be stable and not fluctuate much in value. They are mainly a means for investors to hold fiat value without actually cashing out to fiat.