Are stablecoins better than bitcoin?

Asked 2 years ago

I want to know if stablecoins are better than bitcoin, and what makes them better if they are?

Josiah Makori

Wednesday, February 02, 2022

Stablecoins are better than bitcoin when you want to channel your bitcoin profits to a reliable store of value without necessarily converting them to fiat money. However, stablecoins are not better than bitcoin when you want to profit by investing in the crypto market. They are pegged 1:1 to underlying assets, like the US dollar; hence they retain a “stable” value.

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