MultiversX Tracker is Live!

Using Stable Cryptos as a Hedge against Inflation- Is it (relatively) safe & practical?

All Cryptocurrencies

by COINS NEWS 80 Views

The local economy of our country is doing poorly & inflation is getting worse everyday. I thought maybe I could convert my local cash to a decent stable coin (preferably tether), to stop the inflation eating away my savings & to potentially have access to foreign markets. What are your thoughts on this? Is it safe & can it work in the long-run? Is it even doable for someone in my position? Also noticed some crypto exchanges offering savings schemes with 3-4% apr,are these worthwhile? Thanks in advance.

submitted by /u/shomibabu
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments