Q, are stable coins classed as taxable (generally) when you use an off ramp?
I’m UK, but appreciate laws will vary regionally and that you aren’t a tax advisor… trying to figure out if they are applicable to capital gains tax?
If there is a logarythmic stable coin such as OHM, then it should apply cap gains as it fluctuates in price. For usdt, busd ect shouldn't as they are pegged (most of the time) - thus maintaining same value. Tip: Isle of Man doesn't do cap gains.