Curious if people would keep 500K USD in the bank or as USDC/USDT?

[WorldCitizen99]

Let's say you needed to park the money for a couple months while you close down a business, change residency, and get some necessary paperwork to open up an IBKR account.
In these volatile times where hedge funds need 2 trillion dollar bailouts, are you keeping your USD in stablecoin form or still in cash?

 

[JohnnyDoe]

If you really need something fiat-like hold t-bills

 

[WorldCitizen99]

OK - I'll try to get an IBKR account sooner and see if I can buy t-bills. I don't have a US acct, only WIse and a multicurrency acct without an assd brokerage acct.

 

[MartyyByrde]

Let's say you needed to park the money for a couple months while you close down a business, change residency, and get some necessary paperwork to open up an IBKR account.
In these volatile times where hedge funds need 2 trillion dollar bailouts, are you keeping your USD in stablecoin form or still in cash?

Why not bit everywhere ?

Stablecoin are great for park money, or just hold some treasury bills.

Also for stablecoins, if you take the road, just split 250k tether / 250k usdc

Remember stablecoin can be remote frozen if associated with some dirty s**t

 

[tacokai]

That's why we in the many other discussions about similar issues came to the conclusion that DAI may be the better stablecoin because it can't be frozen.

 

[MartyyByrde]

That's why we in the many other discussions about similar issues came to the conclusion that DAI may be the better stablecoin because it can't be frozen.

Hello,

Sorry to break a bit this illusion but DAI is also backed by USDC, and partially collaterized by some few others crypto including ETH

Which means that is another layer risk ( in my own opinion )

"DAI is secured by a basket of cryptocurrencies, including ether (ETH), USD Coin (USDC), wrapped bitcoin (wBTC), and basic attention token (BAT)"

I would wait that RWA gain some traction, just buy some strong backed assets, or tokenized stocks, put a bit everywhere for diversify risks. (Backed, custody, and audited by reputable institutions Hello Blackrock fidelity - with decent liquidity overtime..)

 

[polonieth]

Wait until pDAI pegs to a dollar, the first decentralised stable coin. MakerDAO changed to Sky with USDS. SOY USD with a blacklist function.

I'd split it across a few places not just one.

 

[redeye]

I recall it was only a few months ago that we had similar discussions here, and back then all the gurus swore by DAI as the most stable option. It also tracks the dollar, so it's kind of pointless if the goal is to avoid fluctuations in the dollar's value.

 

[Piano]

I recall it was only a few months ago that we had similar discussions here, and back then all the gurus swore by DAI as the most stable option. It also tracks the dollar, so it's kind of pointless if the goal is to avoid fluctuations in the dollar's value.

Tracks the dollar exactly unlike Tether ?

 

[MartyyByrde]

Tracks the dollar exactly unlike Tether ?

Stablecoin arent tracking dollar

The market makers maintain the peg to usd by demand and offer. they play on spread like any currencies market