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[Josemendez]

According to cryptoQuant , the amount of stable coins , especially TETHER and usdc in exchanges has soar above $10 billion .

With a market cap $63 billion , many exchanges has seen increase in the number of stable coins , which can be attributed to the fact that people prefer saving their profits in them.

 

[Niftyicon]

That is quite surprising given that those stable coins have been around all along. I think apart from savings, could this have something to do with the recent development announced by VISA?

 

[Josemendez]

That is quite surprising given that those stable coins have been around all along. I think apart from savings, could this have something to do with the recent development announced by VISA?

Perhaps ,but mostly people are more comfortable with having their money in stable coins especially the profit they made through trading.

 

[Binita100]

I prefer saving my profit in it ,because it doesn't flunctuate in price like that other could does, and this is what made me prefer it than other crypto

 

[Wisdom01]

Perhaps ,but mostly people are more comfortable with having their money in stable coins especially the profit they made through trading.

They believe that the stable coin isnt volatile ,and many people make use of the binance saving platform to save their usdt and earn interest ,all these adds to the growth of usdt

 

[GoldenLady]

According to cryptoQuant , the amount of stable coins , especially TETHER and usdc in exchanges has soar above $10 billion .

With a market cap $63 billion , many exchanges has seen increase in the number of stable coins , which can be attributed to the fact that people prefer saving their profits in them.

I've also learnt the hard way, to keep my profits in stable coins, preferably Tether. It also makes it easier to jump in to any coin that you want to trade in.

 

[Wisdom01]

I've also learnt the hard way, to keep my profits in stable coins, preferably Tether. It also makes it easier to jump in to any coin that you want to trade in.

Yeah this is good you can trade with it since its listed on exchange sites and it have so many trading pairs attached to it ,so its a benefit for you

 

[Josemendez]

They believe that the stable coin isnt volatile ,and many people make use of the binance saving platform to save their usdt and earn interest ,all these adds to the growth of usdt

Is there any staking platform for usdt in Binance ? I have not seen such. All I know is that there are many coins which has usdt as their pair .

 

[Wisdom01]

Is there any staking platform for usdt in Binance ? I have not seen such. All I know is that there are many coins which has usdt as their pair .

Not staking actually i meant saving platform and its available you can click on the saving page there to know more and learn more from it

 

[Josemendez]

Not staking actually i meant saving platform and its available you can click on the saving page there to know more and learn more from it

Oh! I now understand what you mean . It is equivalent to leaving it in your TETHER address because they can add value irrespective of where you keep them ,except staking

 

[Wisdom01]

Oh! I now understand what you mean . It is equivalent to leaving it in your TETHER address because they can add value irrespective of where you keep them ,except staking

When you save them on the binance site interested would be added to your account and its avenue to earn more crypto currency i think

 

[SCAMEXPOSER]

People that has huge funds usually stake their funds in USDT or USDC which they are very sure of gains no losses as these coins are stable coins .

 

[Josemendez]

People that has huge funds usually stake their funds in USDT or USDC which they are very sure of gains no losses as these coins are stable coins .

But isn't it waste of funds when there is a whole lot of funds that one can invest in and make profit , especially altcoins, that have shown to be profitable these days

 

[SCAMEXPOSER]

But isn't it waste of funds when there is a whole lot of funds that one can invest in and make profit , especially altcoins, that have shown to be profitable these days

Not very many people can take risk of investing into cryptocurrencies they rather stake though personally I can have funds and stake when investment is better.

 

[HMMY1]

According to cryptoQuant , the amount of stable coins , especially TETHER and usdc in exchanges has soar above $10 billion .

With a market cap $63 billion , many exchanges has seen increase in the number of stable coins , which can be attributed to the fact that people prefer saving their profits in them.

You are absolutely right Because people invest in such coins only from the day they get a chance to earn more and more money.tether an usdc So that he can earn maximum profit by investing in them.

 

[Josemendez]

Not very many people can take risk of investing into cryptocurrencies they rather stake though personally I can have funds and stake when investment is better.

If I have an idle coin in my wallet and it happens that it can be staked , what will I gain by leaving it idle in my wallet ? Staking it is the best .

 

[SCAMEXPOSER]

If I have an idle coin in my wallet and it happens that it can be staked , what will I gain by leaving it idle in my wallet ? Staking it is the best .

Yeah , though if not for lead token that is coming with very high staking reward most of these other coins come with less reward Making it discouraging

 

[Josemendez]

Yeah , though if not for lead token that is coming with very high staking reward most of these other coins come with less reward Making it discouraging

Yeah . Especially those offered by Binance staking platform. I prefer providing liquidity for a coin pair rather than staking for cheap price .

 

[SCAMEXPOSER]

Yeah . Especially those offered by Binance staking platform. I prefer providing liquidity for a coin pair rather than staking for cheap price .

I am still trying to understand how the liquidity of a thing works and the benefits attached to it before I go into it . We need to explore all cryptocurrencies opportunities.

 

[Josemendez]

I am still trying to understand how the liquidity of a thing works and the benefits attached to it before I go into it . We need to explore all cryptocurrencies opportunities.

It is about supplying trading pairs to an exchange site . For example you can add xrp / usdt pair to pancakeswap and earn rewards from the transaction fees coming from them in the site .