Don’t forget to diversify your stablecoins!

Many of you use stablecoins for a variety of purposes. But we want to remind you that stablecoins are not real dollars but cryptocurrency, and by using stablecoins, you bear standard cryptocurrency risks.

Yes, stablecoins, such as USD Coin (USDC), Tether (USDT), and Dai (DAI), have been around for a long time and have shown pretty stable results. However, even these coins aren’t impervious to depegging from the dollar’s exchange rate; the peg of the once popular UST stablecoin fell off a cliff amid the collapse of the Terra blockchain ecosystem and is now worth a paltry fraction of a cent.

Therefore, it is strongly recommended to remember to diversify your stablecoins: Divide them into equal parts between the most popular coins in this segment.

At the same time, finding a coin in the top 5 or top 10 in terms of capitalization does not mean that it is completely safe and reliable.

Always DYOR

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