A stablecoin is not the same as cash.
A price peg doesn’t mean you can always redeem it at the target price, and on-chain transfers don’t mean there are no fees or risks.
Before using one, check the issuer, redemption rules, network compatibility, and liquidity.
If you were going to hold a stablecoin long term, what would you check first?
#Web3 #Stablecoin
A price peg doesn’t mean you can always redeem it at the target price, and on-chain transfers don’t mean there are no fees or risks.
Before using one, check the issuer, redemption rules, network compatibility, and liquidity.
If you were going to hold a stablecoin long term, what would you check first?
#Web3 #Stablecoin