Are stablecoin transactions taxable for my foreign-owned LLC? USDC, USDT, DAI?
My LLC receives most of its client payments in USDC and sometimes swaps between USDC and USDT. I also park funds in DAI savings on MakerDAO. Since stablecoins are pegged to the dollar, I assumed these transactions aren't taxable — there's no gain or loss if the value stays at $1.
But someone told me every stablecoin transaction is technically a taxable event. Is that true even when there's zero gain? What about the interest earned from DAI savings — how is that taxed?
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