Strange question, looking for a stable coin to save money in digital wallet.
Hey, I am doing some dropshipping and I am looking for a safe way to keep my money.
At first I was thinking to keep it in Bitcoin walllet but I don't want to gamble on it's worth and lose.
In other worlds, I am looking for a wallet like digital "bank account", where I can put an ammount and take the same ammount anytime late.
because im my country if I earn X money to my bank I have to pay 20% to taxes, so before I move to other country, fuck them.
Hope you understand what I mean, thank you for any ideas.
Tether's definitely the go-to answer for this problem, but they have a lot of question marks around their solubility, especially given that they've never actually been formally audited. I like them for being able to move USD-equivalent in and out of exchanges, but I wouldn't hold onto them for any length of time.
Another option would be the DAI stablecoin over on the Ethereum blockchain. Same general goal as Tether, but instead of being backed by a random third party who gives non-answers to questions about how they operate, they're backed by people locking up ethereum in their smart contract.
Buy some USDT (tether) Some other top stablecoins. Then stake them at nexo.io, they are like a bank, just with crypto. They currently give you interest of aprox 8% per year. Good thing is they pay daily, so if you put 5k you will receive about aprox $1 usd pr day.
They loan out your money with crypto as collateral.