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How Can You Make Money With Stable Coins? - Investment - Nairaland

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How Can You Make Money With Stable Coins? by jamin006: 9:05am On Aug 23, 2022
When the corona virus emerged between 2019 and 2020, the Naira rate then increased from 360 NGN to 370 NGN, slowly increasing by 10 NGN. And it would take two weeks to open a dollar account for me and get a dollar card.

We were approaching the lockdown, but the difficulty of getting money in and out became a big concern. However, I remembered how to use my naira to buy other tokens on Quidax, and I saw that instead of buying an actual token, I could buy a dollar equivalent in crypto, which was sufficient for me.

Given that the value of USDT has doubled between 2020 and 2022, I believe it makes sense to buy USDT with Naira or other similar currencies over time and make money in the most passive way.

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