Low-risk DeFi investment but Still with Double-Digit Yields?
Plus the best strategy you can apply on the Fantom blockchain
Yesterday a guy shared his experience about two ways his friends—he argued how it can be applied to other people too — became attracted to get into crypto. According to him, it was NFT, which I wasn’t surprised about but is not exactly a good idea in my opinion.
I agree NFTs are fun, but I have my concerns, which I’ll need another article about.
Because this time I’d like to focus on the second way, which I inherently agree with. It’s how you’ll invite new people to the crypto space.
Can you guess what is it? Nope, yes I wish it would be dog coins investing.
But the real — and better — answer is stablecoin investing.
What is a stablecoin?
A stablecoin is a type of cryptocurrency that is either pegged or backed by external assets, most commonly US Dollars. With stablecoins you can have crypto at a fixed price. One of the most popular stables is USDC. 1 USDC always equals 1 USD.
In short, stablecoins are how you can onboard fiat into the blockchain. There are plenty of stables in crypto land, either backed directly by fiat or algorithmic stablecoins.
Popular stablecoins you may have heard include USDC, USDT, and DAI
