Quote Originally Posted by CoccoBill View Post
Which stablecoins you guys using? I figured out I can use a deemed acquisition cost for taxation purposes, so trading is actually on the table.
I use tether USDT but I don't keep funds there, and it's only a matter of convenience. My crypto money is pretty much always either in a coin, or locked in order. I'd only be holding tether if I knew the markets were going to crash, and even then I'd be holding until I bought the dip rather than cashing anything out. idk about the 3% reserves problem that keith mentioned, it's beyond my grasp when we consider the liquidity is tied to non-stable coins too, but so long as everyone doesn't try to cash out their tether at the same time it shouldn't even be a problem. I think most people just hold the bulk of their tether for the purpose of trading at a later date.