Stablecoins thoughts🤔

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·@intishar·
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Stablecoins thoughts🤔
Hello everyone. What's up? I am @intishar once again to share some of my thoughts.
![dai.jpg](https://images.hive.blog/DQmVc7RViqDLzA9dp6u7yDJeVa6L5XPKriDwd1no13EQv5x/dai.jpg)
![dai 2.jpg](https://images.hive.blog/DQmSN3y6CTezbTnACsDeu1GXUM36zkM5NS3NArSRpYVHmbW/dai%202.jpg)

Little or more we all know about crypto and trading is a very common thing for us. And stablecoin plays a very important role in crypto trading. The price of crypto is volatile and stable coins allow us to make a profit using this volatility. 

We all know that no exchangers are safe to secure our funds. Because anything can happen at any time and through this process, we may lose our assets stored in the exchanger. After the incident with the FTX exchanger people can understand it very well. It was one of the top 5 exchangers in the crypto world. Many people used to say that time there was no possibility to happen such kind of incident with  FTX. But we all know what happened with the FTX exchanger. After that people started to believe it also that the exchanger is not so safe place to store our assets how we think. And many things can happen within a short time. 

Now come to the topic of stablecoins. There exist several kinds of stablecoins such as.
Fiat-backed stablecoins 
Algorithmic stablecoins
We all prefer to hold our assets in USDT/Busd/DAI/USDC. But how much if those stable coins are actually? 

After what happened with USTC many people are afraid of thinking this. Although it was an algorithmic stablecoin and we shouldn't compare it with other types of coins but it created an impact on our minds because of what we are still afraid of other stablecoins also..

I shared screenshots which I have taken yesterday from Binance. What do you understand by it? In the BUSD pair, DAI came to 20 cents only. Can you guess what actually happened? Is it showing any kind of weakness?  

For the current time, nothing serious happened. But what if the price wouldn't recover? At the current time, many people are saying that USDT and BUSD it does not remain safe to store our assets. And they are suggesting using USDC which seems safe in their opinion. 

Maybe USDC seems safe at the current time but who knows in the further future if some issue occurs with it like BUSD??..


In the Crypto market, anything can happen at any time and nobody wanna lose their fund. I think we can choose to diversify our portfolio in the case of stablecoins also. As an example, if I have $1000. I would suggest to 300$ in USDC 300$ in USDT 300$ in DAI and the remaining 100$ in BUSD. It's just an example to diversify the stable asset.

If some issue occurs with one stable coin then our fund stored in other stablecoins would be safe. I personally do that thing and if you like my Idea then you can also follow it. 

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