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Home» Questions»Q 46475
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Mika
MikaExpert Mind
Asked: August 22, 20232023-08-22T03:45:38+00:00 2023-08-22T03:45:38+00:00In: Crypto & Forex

How to make profits through stable coin investment?

Stable coins have fixed value, normally pegged with USD. If they have fixed value how do we actually profit by investing in stable coin?

crypto investmentstable coin
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  1. deucher
    deucher Active Contributor
    2024-04-27T16:09:16+00:00Added an answer on April 27, 2024 at 4:09 pm

    Stablecoin is not a cryptocurrency, so if you just invest money in it, you will not earn from the price increase, because the price is tied to the dollar and it does not grow. The best way for me personally is staking because on various exchanges you can find good interest and even up to 30 percentRead more

    Stablecoin is not a cryptocurrency, so if you just invest money in it, you will not earn from the price increase, because the price is tied to the dollar and it does not grow. The best way for me personally is staking because on various exchanges you can find good interest and even up to 30 percent per annum, which will be a very good profit and it is also quite safe

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