I believe stablecoins will replace traditional payment methods like credit cards and services such as PayPal or Square. Is there any way to get involved with stablecoins that could lead to some profit from their growing use? Buying USDC doesn’t seem to offer big returns, and I can’t invest in private companies like Circle. I appreciate any suggestions. Thanks
You can use them in liquidity pools
Zyler said:
You can use them in liquidity pools
Will that lead to big returns if stablecoins are widely adopted
Zyler said:
You can use them in liquidity pools
Will that lead to big returns if stablecoins are widely adopted
It depends on the coin you pair it with and the platform you choose, but yes, you can see really good returns. Just keep an eye on the price of the coin you select and withdraw your liquidity if it starts to go out of range. Pairing it with a stablecoin means you won’t have to worry too much about the price of that coin.
Plus, there are options like borrowing, lending, and staking available. Some returns from institutions may not be great, but there are definitely good opportunities out there.
What about investing in XRP until Ripple Labs goes public
You could consider buying bank stocks or trading platforms like Coinbase since stablecoins will be part of their evaluation
Investing in Solana could be a good move because it has the highest volume of USDC. You can also earn a return of 7 to 13% by staking your coins.
BaneTom said:
Investing in Solana could be a good move because it has the highest volume of USDC. You can also earn a return of 7 to 13% by staking your coins.
That makes sense… But how can a service keep offering staking rates higher than the federal reserve all the time? It feels risky. I’ve had Solana for a few years, but it’s always been a more uncertain investment for me.
I’ve seen some gains from funds that focus on the blockchain economy. They work like other index funds, so check if your bank has any available options.
I wonder if buying stock in Coinbase could be a smart move. They’re handling a lot of volume for ETFs
Carson said:
I wonder if buying stock in Coinbase could be a smart move. They’re handling a lot of volume for ETFs
I see Coinbase more as a cryptocurrency investment rather than a stablecoin investment. I’m looking for something that relies more heavily on stablecoins, but I appreciate the suggestion!