Quote:
Originally Posted by crazycoffey
But the ADA usd is on fiat market, supported by the good ‘ol us gov
The ada usdc is on the stable coin market, backed by physical investments
The ada btc is on crypto market. Backed only by the crypto currency EDIT. I see now it’s a way to convert btc to ada
Iirc. And from my limited understanding. I saw prices are on a downward side so I’m going to go back and try to decide my by in prices for one of these
I get the feelings the fiat and stable coin are newer but possibly more “secure”
|
USDC and USDT should pretty much always match up to USD because it should be a 1 to 1 relationship. However, there has been more and more talk about the US govt looking to target stable coins because they effectively don't want a stable coin for the US dollar that isn't controlled by them. I have no idea where all of that will go and I've sort of avoided using them just for that reason but you can gain pretty high interest by borrowing out USDC or USDT in certain places as mentioned a few pages back in this thread.