Any recommendations on stablecoins back by other currencies than USD?

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Any recommendations on stablecoins back by other currencies than USD?

I hold a lot of USDC and a small amount of USDT currently. However, I was wondering if anyone uses stablecoins backed by currencies other than the dollar? I’m thinking about this because the DXY has been decreasing since all the global economic uncertainty we've been experiencing lately, and other currencies like the euro and pound have bounced against the dollar (obviously a lot other currencies have also made gains). I feel like the dollar is going to keep dropping as the US moves more towards isolationism and has opts for less global influence.

I wouldn’t swap all my USDC but am looking to diversify my fiat stablecoins so I can buy any future dips or bear market. In hindsight, I would’ve bought PAXG, but gold has rallied significantly, and it seems like buying now would be buying at the top. So, I’d rather stay in fiat for now.

submitted by /u/aTurnedOnCow
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