I have never held nor transacted with any stablecoin.
Discussion
I haven't either. I frankly never saw the use case for it.
I’ll gladly admit to a few use cases that make sense, but none I’ve ever needed. 🤷🏻♂️
There is definitely a place for stable coins. Say when BTC has had a good run and you want to sell and wait for a pullback to increase your stack without any additional capital. Things always mean revert. But they are definitely a short-term vehicle. Not a long-term substitute for fiat equivalent. Just minimize risk exposure and use with caution.
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I've never bothered, but can see how they would be useful in countries with failing currencies. At the end of the day, for someone trying to preserve buying power on the short-to-medium term, stablecoins offer a better solution than BTC.
Long term it's a completely different story, but I tend to take the approach that even if it's not for me it's likely useful for many folks around the globe.