Stablecoins based on precious metals have multiple advantages. Throughout the century they have proven to have better returns (physical gold etc), even more than stocks when calculated against the devaluation of the fiat currency. Owning precious metals via a digital layer should be appealing to a bigger mass of people. I wonder what will happen with supply, (fiat) prices etc when much more people own a/few gram(s).
Very right: what will happen when billions of people can buy at ease a couple of grams of gold each, through some gold-backed coin?
If you are in the dollar zone and buy euros or, say, the yuan, this can hardly be called an investment.
Investing assumes that money is invested in a financial asset that, due to the increase in value, is able to bring profit. A stablecoin as a whole cannot be profitable, and therefore buying it cannot be considered an investment.
Yes and no.
When you invest in e.g. gold-backed Stablecoins, you are investing in gold, so that can be considered an investment.
In case of fiat-backed stablecoins, it's like you say.
With a caveat: if you are in a strong currency zone, buying a fiat-backed stablecoin ist no investment, as you say.
When an American buys Tether, we don't say he is investing his US dollars in Tether.
But, if you are in a high inflation zone, buying a stablecoin backed by a strong fiat currency can be considered an investement:
- I invested my money in USD. You?
- I invested mine in euros.
Those sentences under circumstances make sense.