RE: The Stablecoins Market Cap Keeps Increasing! | Historical Data On Market Cap In 2021
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I'm forced to use DAI as it is all that is available in Texas from Celsius for loans. Otherwise, I don't use stablecoins beyond HBD because of the ETH gas fees. As I cash out my HIVE rewards and interest earnings, I convert to HBD to avoid putting out more HIVE on the market.
If I do use another stablecoin, it is because I can load my Crypto.com Visa card directly with it. Currently, it is limited to PAX.
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Interesting, so you can't load you card with HBD, is it easy to convert from HBD to PAX?
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In my case, I would need to use Blocktrades to convert HBD to BTC, LTC, ETH, DOGE, or BCH to transfer to Crypto.com to top up my card directly.
Converting to PAX would be another conversion if I want to use a stablecoin. I may do this in a bear market to preserve value. Generally, I load my card with only what I need. My typical balance is between $20 and $30.
For me to cash out HBD, I prefer to use Dash or LTC. I can send Dash to Coinbase. I can send LTC to Crypto.com for topping up my debit card. I could use Doge or BCH. But, I don't care to use those cryptos for anything. I don't use ETH or BTC because of the transaction fees.
But, I generally convert HBD to Dash and cash out to my business checking account through Coinbase.