Bitcoin Forum

Lots of talk lately about stablecoins. What's your favorite?? IMO I hate Tether and I'm a big fan of havven. Would love to see what everyone else is into

Battle of the stable coins?
I think is the one of the most and very well performing in many days is havven, yes I  like havven and I think this coin will be good in the future.

The most stable coin? Tether should be the most stable of course although there were some controversies behind it. I am surprised that this is the first time I heard the other choices. What about bitcoin and the other top coins? Or did I missed something here?  ;D

Honestly Im not big fan of stable coin, for me it is just like tool for saving ours cryptocurrency asset from the volatiles chart. Just use & try some of it, but finally Im comfort with my favorite USDT.  

Most stable coin will be tether, nothing follows. It will always be based on a us dollar. USDT will be the best among others, you can see it market share, top 15 in one of the best coin. Market cap of $2.29B, if more USDT were released it means that it will also have a higher market cap. Stats don't lie, you can check it here www.coinmarketcap.com.

Stablecoin give us a high confidence in putting up our money their and forget about worries like FUD and FOMO. Volatility is less expected and can be be manage easily and one the the trusted stable coin is Tether coin, it is time-tested and have huge supporter but the only problem is it is like a semi-centralized coin but who care as long as the investment security is legitimate despite all the the issues had faced with that team.

Havven is the best because of these reasons:
-decentralized
-trustless
-NOT pegged to fiat or gold
-fast

They even released their audit, eth-backed nomins on mainnet, and next week their ecommerce store will be live where you use eUSD to buy stuff. I think this is a great use case for a stablecoin. Love the team and how proactive they are  :)


Great read about all of these: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#54fa537a4fc6

To be honest there's not such battle being between "stablecoins" because simply as their name suggest they should be stable and thus it doesn't matter which one you use, except that other people will want to accept one or another.

You haven't listed all of them, might see to add these:
[stable coins from bitshares] - bitUSD, bitCNY, bitEUR
NuBits

I prefer tether, it has been with us for years. There is a lot of fud but only usdt has enough liqudiity to be stable. A lot of the exchanges have trusted tether, for example binance. Do you really think that the biggest and the fastest exchange in the world would list tether if it was not legit?

Nobody said that  tether is not legit. Questionable is do they really have that amount of USD pegged as they say they have. Of course that tether is here for a long time now and that many exchanges implement it. It has somewhat become the standard if you want to have fiat pairs and don't want to go through the hassle of regulation etc. easiest thing is to add tether as many people know what is it.

I'm looking forward to seeing how basecoin will develop in the near future, I've been seeing a lot of articles about it in mainstream media.
They've also got some really impressive backers, so I'm very interested in seeing them achieve their full potential.

Btw, it's called Basis now, basecoin was the old name.

Just some examples of the articles I'm talking about:
https://techcrunch.com/2018/04/18/basis-a-year-old-startup-thats-building-a-price-stable-cryptocurrency-just-raised-133-million-from-top-investors/
http://fortune.com/2018/04/20/bitcoin-cryptocurrency-stablecoin-basis/

There's no problem with Tether whatsoever as long as it's proven to be legitimate and that the reserves they claim to have are actually in their possession. A lot of the other stable coins seem a bit overkill in their mechanisms. In fact anyway the name stable coin is incorrect because everything has a price. The dollar for example is not stable.

havven is the best one out of the whole group. bought some off of kucoin

everyone read this article explaining each stablecoin: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#6a8f1054fc64

I am very worried about the teaser. They create money from the air, creating more and more new coins. But no one knows if the team has real money or is just a bubble. In my opinion, this creates additional risks.

If they have the funds that they claim to have then they are not creating money from the air. They have that money and that's how they can issue more tether. No one really know's the situation but claiming one way or another that they have the funds is nothing more than speculation.

havven without a doubt. the rest are either too centralized or lack transparency/speed.

I'm personally a big fan of havven. their team, communication, initiatives, and goals are all great. The project itself makes the most sense in comparison to the alternatives.

Even if tether has controversy but tether is most used in market and major exchanges. last bear season i saw when all coin down but only tether in green

why are there SO MANY PEOPLE going for Tether?! They're a SCAM  >:(

Out of all of them, I would say makerdao and havven are my favorite but it looks like havven is much faster/easier to understand. they even launched an ecommerce store where you can use their stablecoin to buy stuff: https://blog.havven.io/the-havven-estore-is-live-1f6545a3f635

lots more use cases with havven if you look into the CEO too

glad to see havven is clearly a favorite haha.

I prefer you to havven because it's fast transaction, communication & decentralized. I think it's future bright.

isn't basecoin not called that anymore? Aren't they just basis now??

Big fan of Havven. Pros are that their team is very active and they're very proactive with their dev. they even have an ecommerce store where you can use stablecoins to buy stuff.

I'm interested in seeing how they plays out

I'm pleasantly surprised to see Havven in the lead for votes.... but at the same time they're the most proactive. Just announced that nUSD is launching June 11: https://blog.havven.io/nusd-launches-june-11-9955ae729c59

Will make throughout study regarding this, stable coins might have a good infact in the market now. They were something unique as of this moment.

Nice post, I'd never even heard of stablecoin before will check it out. Anything has to be better than Tether which is pure scam, lets print 200 mil this week!

This is the first time I've heard of Makerdao and Basecoin, to my understanding Havven is a new entrant in the stables and their dual token system to reduce volatility is a unique model. But why Nomin tokens ?

I'm not really surprised though with havven. great project that is actually pushing forward. they already have a dashboard, foundation, partners, integrations, and now apple products being sold in their store that you can buy with eUSD  ;D

Good poll with the top stablecoins. I'm sure over time tether is going to be replaced by one of them. It's just a matter of time.

I have my chips on havven

The way I understood it was on their site: https://havven.io/how-it-works

this is a short explanation of their dual token system:
The Havven platform uses two tokens to achieve stability. The havven token provides the collateral for the platform. Nomin tokens, a stablecoin, are issued against the value of the collateral token. This dual token approach incentivises users to hold havven tokens because network transaction fees are paid to havven holders. As more people use nomins for everyday transactions, the value of havven tokens will increase due to the higher fees generated.

Havven is a totally decentralised stablecoin, which means that, like bitcoin, it is secure and resistant to censorship. However, in contrast to Bitcoin, Havven uses a decentralised asset to reduce price volatility. The asset backing for the stablecoin comes from transaction fees generated by the Havven network. This means the asset is distributed and cannot be lost, stolen or seized.

havven all the way  :)

best stablecoin project that still raised $30M in a bearish market. pretty remarkable if you ask me

Wow look at all of these results! I'm not surprised about Havven though. They're very active in regards to partnerships, company, dev, and just about everything else. I see lots of potential with them as a huge contender to overthrow Tether.

Also like that they're decentralized.  :o

Havven announced HAV/USDT trading pair on kucoin today: https://blog.havven.io/hav-usdt-trading-pair-is-now-available-on-kucoin-9bfac831037f

My vote goes for Havven for sure. Even in this period , the value of the HAV token manages to grow almost everyday, and the marketcap of it went to over 43 million $ (They have raised 30 million $ in ICO). The devs really know what they are doing.

Yes, I also always look forward to news, and I just like this idea. The world really needs a cryptocurrency with a stable exchange rate. I personally don't trust Tether at all. It looks like part of a big deal and a bubble.
 During a sharp decline, I don't want to take my money out of the crypt. But keeping them in Tether isn't a solution to the problem.
I really need such an alternative in the form of Basis for example.

Honestly, I do not understand why these coins are needed. Probably that would bypass the regulatory requirements for fiat money. I avoid using such coins and I cannot say which better.

I don't really know much about altcoins to suggest the one which is the best as I am yet to do any kind of research into them but i think we all would agree that  the market could really use a coin whose value is always the same and does not change all the time like other cryptos. Also it should not be a bubble coin or a scam because that is really doing more harm than good.

havven is a good coin, but far from being called stable!

I think it's fair to give Havven a shot. Their ICO ended in March lol. They've been announcing lots of partnerships and developments too. Just today they announced a partnership with Elysian.

https://blog.havven.io/announcing-elysian-7ae2792d9bca

great thread. ceo of havven was just interviewed on the crypto lark's channel: https://youtu.be/oSuhs041Cs0

I reckon that the most stable altcoin on the market right now is Ethereum. There is no other coin that is used more. Ethereum will be the future of ICOs with it`s feature of smart contracts. Some other honorable mentions would be Ripple and Litecoin.