1
Stable Coins Forum / Re: Why are some investors interested in staking stablecoins in a bull market?
« on: May 15, 2024, 08:16:13 PM »I can understand the motives for staking when the market is falling or there are no indicators that Bitcoin may increase, but I see an increasing interest in staking stablecoin, as with a quick search on social media or asking some of my trader friends, I was surprised that some of them are staking large amounts while the market is rising and can earns more by buying Bitcoin.Stable coins keep money stable like a bank. However, the amount of bank interest is much lower than the bank interest and the income tax is deducted from it as well as inflation which reduces the value of money. However, other trusted platforms including Binance offer high interest rates for stablecoins, which is why many people are interested in staking stablecoins instead of cash out. and besides this there may be other reasons to hold stablecoins