The King of Decentralized Stablecoins
Disclaimer: Your capital is at risk. This is not investment advice.
ByteFolio 70;
ByteFolio brings together ATOMIC, ByteTrend and Token Takeaway to create ByteTree’s model portfolio, known as ByteFolio. This is a selection of crypto tokens, which are weighted according to their risk/reward characteristics. ByteFolio has a modest turnover and will not suit traders. It will appeal to investors who wish to diversify beyond bitcoin, with the aim to beat it.
While Bitcoin may not benefit from higher interest rates, stablecoins do. They came about because the banks cut off the crypto industry from their services, which forced crypto to innovate. The stablecoin, which is the private sector’s answer to the central bank digital currency (CBDC), was born.
From 2020 to 2022, assets grew to $120 billion, with most value accruing to Tether and Circle, which are backed by fiat money. That said Tether has been controversial as no one is quite sure how complete or credible its backing is. Still, whatever solvency problems they once had, they will be cushioned by higher rates.