“If you like gold, there are many
reasons you should like bitcoin.”
Coinstash in the media
5 Min Read
Have you ever wondered why cryptocurrencies that mimic a dollar are important innovations? Why would you hold a crypto dollar instead of a "normal" dollar?
At Coinstash, we’ve identified three ways that you could use stablecoins in your portfolio.
1. Preserve value
Cryptocurrencies like Bitcoin, can be volatile and stablecoins are an "on-chain" solution to preserve value if you want to take a break from the volatility without leaving the ecosystem. Stablecoins can also be used for making payments, settling invoices and taking out loans, as the value of your expense or debt is easy to interpret against other assets priced in fiat currency.
2. Move wealth
Stablecoins are optimal for transferring wealth between wallets in a matter of minutes while acting as a safe haven from the volatility of the crypto market.
Bank account transfers can often take over 24 hours (more than a few days in the case of international transfers) with high fees, making fiat currency too slow if there is a need to remit money quickly and efficiently.
If you’re closely watching the market for a good chance to buy into crypto, and want to quickly transfer your wealth into your next investment, stablecoins will let you swiftly buy into any great opportunities you see in the market.
3. Income generation strategies
Due to their high liquidity and low risk nature, stablecoins are in high demand across markets. As a result, people are willing to borrow stablecoins just like they do if they were to borrow fiat dollars. Interest on the loan is paid to lenders. In the same way you can mortgage a home at the bank, stablecoin loans are often secured by other cryptocurrencies to minimize loan default risk.
Stablecoin lending can be a lucrative, market neutral strategy for investors who want consistent returns, rather than riding the ups and downs of the crypto market.
Looking to own some Stablecoins as part of your crypto investment portfolio? Get your Tether (USDT) or USD Coin (USDC) on Coinstash today!
Coinstash Earn also allows you to earn up to 7.2% pa on your stablecoins. Start earning now!
Did you know you don’t need to buy a ‘whole’ Bitcoin-like one pictured above? Note to our readers: as Star Wars fans and with the 9th installment of the franchise due to release as at the time of writing, we feel that it is obligatory to list them out in terms of Light vs Dark Side.
5 Min Read
When Bitcoin launched, the price of a single Bitcoin was less than a dollar. By late 2017, the Bitcoin price AUD reached a staggering A$28,000! Since then, the price has continued to fluctuate, making it an exciting investment opportunity for experienced investors and novices alike.
5 Min Read
Ripple (XRP) is both a platform and also a cryptocurrency, XRP, developed by Ripple Labs. XRP is a token which facilitates the transfer of value across the Ripple Network. As of 2020, XRP Ripple is the fourth most valuable cryptocurrency. Although consumers can buy XRP, Ripple Labs created XRP for financial institutions to facilitate fast and frictionless cross-border transfers.
5 Min Read
Surprise, surprise! Bitcoin is still around. You didn’t think it would last this long, did you? Well, it has, and now is as good a time as any to jump on board. Here is a guide on how to make money with Bitcoin.
5 Min Read
Coinstash is a registered digital currency exchange based in Australia. Our customers praise Coinstash as one of the most user-friendly, educational, and supportive platforms. Through its live support 7 days a week, Coinstash has accumulated numerous positive reviews from its customers. Coinstash is also one of the only digital currency trading platforms that have participated in the Australian government Austrade’s landing pad program. Find more about BTC Price AUD (Australia) by visiting our BTC trading platform. Note: nothing in this article should constitute general or specific financial advice. Coinstash does not take into account your circumstances when publishing articles. Any content on Coinstash.com.au or related domains are informational only.