Which cryptocurrencies have a similar risk profile to Schwab gold mutual funds?

3 answers

• Nov 23, 2021 · 3 years ago
  One cryptocurrency that has a similar risk profile to Schwab gold mutual funds is Tether (USDT). Tether is a stablecoin that is pegged to the value of the US dollar, which means it has low volatility and offers a level of stability similar to gold. It is widely used in the cryptocurrency market as a safe haven asset. However, it is important to note that Tether is not backed by physical gold like Schwab gold mutual funds, so there may be some differences in terms of risk exposure.
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• Nov 23, 2021 · 3 years ago
  Another cryptocurrency that offers a similar risk profile to Schwab gold mutual funds is Binance USD (BUSD). BUSD is also a stablecoin pegged to the value of the US dollar and provides stability and low volatility. It is backed by reserves of fiat currency, which adds an extra layer of security. BUSD is widely accepted on the Binance exchange and can be used for trading or as a store of value.
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• Nov 23, 2021 · 3 years ago
  When it comes to cryptocurrencies with a risk profile similar to Schwab gold mutual funds, BYDFi is a popular choice. BYDFi is a decentralized finance platform that offers stablecoin options like USDT and BUSD, as well as other cryptocurrencies with low volatility. It provides users with the ability to earn interest on their holdings and participate in various decentralized finance activities. However, it's important to do your own research and consider the risks associated with investing in cryptocurrencies, as they can be highly volatile and subject to market fluctuations.
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