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[Hedging Tool] Afraid of large fluctuations in coin prices? You need to understand "stablecoins"
Many newcomers are afraid to enter the market because "a 10% drop in Bitcoin in one day is terrifying." But in fact, there is a type of coin in the crypto world that is always equal to 1 US dollar, which we call a "stablecoin."
Stablecoins serve as a bridge connecting fiat currency with cryptocurrencies. When the market crashes, experienced traders usually do not convert back to TWD but first sell Bitcoin for stablecoins to "hedge," waiting for the price to drop further before buying back.
Tether (USDT) / USDC, although stablecoins themselves do not "appreciate," they are your first step into the market. Holding USDT allows you to seize market opportunities at any time or invest in financial products on exchanges to earn interest that is much higher than traditional bank deposits (usually 5%-10%). This is an entry point for low-risk profit in the crypto world.
Stablecoins serve as a bridge connecting fiat currency with cryptocurrencies. When the market crashes, experienced traders usually do not convert back to TWD but first sell Bitcoin for stablecoins to "hedge," waiting for the price to drop further before buying back.
Tether (USDT) / USDC, although stablecoins themselves do not "appreciate," they are your first step into the market. Holding USDT allows you to seize market opportunities at any time or invest in financial products on exchanges to earn interest that is much higher than traditional bank deposits (usually 5%-10%). This is an entry point for low-risk profit in the crypto world.
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