Bitcoin Forum

Anyone trying to develop new kinds of stable coins?  Was thinking of setting a group up to discuss ideas, learn collectively and pool resources.  Any interest?

why develop a stable coin? as an online payment function? then it's not much different from a credit card or paypal, then is this the purpose of crypto? I do not think so. people need assets to continue to grow and be unstable.

Not really.

Stablecoins requires huge real-world finance backups, not extensive development. And the market is already flooded with enough, with only stableDollar coins being successful. I don't see any volume on any stable Euro/GBP, so even these are not valid niches.

It's not like its same kind of token like erc20 which can be easily set up and develop using eth smart contract. Of course you needed some arrangement with some huge finance and even institution to launch it. CNY  Rubble, and other new stablecoins has been set up with large group. Though there are some stablecoins that are launched by private entity which does not have any permission or even relation to any country.

stable coin is good if backed by a whole country or fiat currency because the demand is the key for the price to be stable
if the demand cant support the supply there is a high chance that holder will just lose some money because price will always drop
so if the stable coin cant support the demand is not good idea to hold some of it

A stable coin needs huge financial backed up, popularity and acceptance in the cryptoworld even in the few countries. Development is not very vital here. You can find more then 3000 coins are already in the market but stable coins are only handful turn.

What's your idea? do you think that the stable coins we have currently isn't enough for the features that you want to be satisfied with? I'm not a developer but if there are developers out there and wants to improve the current stable coins we have, what that could be?
The company backed up stable coins are already there and they have invested to back up the coin with real assets. So, having an idea without sufficient fund to execute it, I think it will be waste of time.

Do not we have enough stable coins on the market? Will you be able to create an innovative stable coin that will be useful for the market? I do not want to launch this kind of coin, maybe it is useful in trade, but I do not trust them. Best of all, let's leave it to the developers so that shitcoins will not increase.

USDT is currently the best stable coin.It is included in many currency pairs and is secured by $.Why reinvent the wheel if it already exists!).There are enough stablecoins now, so it seems to me there is no point in creating a new stable coin.

why do we need more new stable coins? Now people don’t even need those that are now we have. Only a few stable coins should remain on the market and no new ones should appear.

I think stable coins are only to help traders fully, although they can also use stable coins as a transaction tool. Stable coins require community and there must be a specific benchmark like 1 Tether = 1 USD (fiat money) or behind that there must be something real and something like that. so if to do development like this one thing to note, how to build one's popularity and trust. the popularity of crypto only requires coins like BTC, ETH, XRP or others, so stable coins are no different from paypal, credit cards or the like.

Just like what others said, why do we even need more stable coins? I think those who are trying to create more coins should stop; it's just diluting the market, and more people would see as cryptocurrency is just a joke or something. The effort takes to create one is not that hard, and scammers are taking advantage of that.

The main effort should go to the adoption phase for different countries. Mainly, the most accepted ”stable” coin would be the start Currency for any country, and hopefully, people won't see cryptocurrencies as a joke just because of the scams.

Making stable coins is not easy, because now there is a lot of competition, after all stable coins that have already been born are also adopted through the value of the original currency, so it is very difficult to reduce prices in the market, and if you can be able to make new stable coins , then you are very extraordinary.

Those developers who will be able to create stable coin that can benefit or be use by the government is a good idea like government having their way to show transparency. In our company there is a developer whose also in crypto whose suggesting it as way of buying merchandise in our company as its related in merchandising.

Stablecoins needs to be backed by equal amount of fiat as collateral and audited by independent auditor. i.e. you need a huge capital to start with. It's not like the crypto project you could start with a 2 members team. The primary focus of stablecoins is the adoption and trust. A starting stablecoin should have a partnership with at least a good exchange or a few.

Yes Stablecoin must be strong from the support of fiat or gold and others, after that it is audited for the truth and the choice of the developers, and I think trying to develop a stable coin is not easy. There are several processes that must be passed for many to believe in the community.

trying to develop new types of stable coins must have a huge real-world financial reserve to back up the coins to be stable and not dump.

I think the current amount of stable coins is enough for the entire cryptocurrency market, and new stable coins are not necessary. USDT is a very reputable currency and it is doing very well its job.
Besides creating a new stable coins project costs a lot of money and legal procedures, investing in a new stable coins project is not feasible.

For what? There are already too many of them

Can you share more information about your stable coin group, it might motivate pore people to go into it if your ideas are great and impressive.


I do not support this opinion about the financial position of stable coin owners, any stable coin can be successful if it has a good and demanding product.

In the recent times, I have seen some per-announcement for stablecoin which claimed like first decentralized stablecoin or something relevant to that. I believe all the altcoins in the market are just corporate coins; it means purely centralized coins with fixed value.

If you people work in a way to create mineable stable coins to ensure decentralization that might attract interest among this crypto community.

I see you are not including any quick contact information in OP, it would be good if you add any skype of telegram contact details which will help anyone to get in touch with you in more quicker way. Also, you may try posting this in technical development discussion board so that you may get responds from real crypto developers.

Already lot of stable coins were existing so I don't find any reason for a new stable coin.

Even need of new decentralized cryptos is none since we already have 3000 more coins which will be good enough even if everyone in this world starts using cryptos.

Because what we have right now is insufficient.  The stable coins on the market today are not scalable, and are insanely centralized.

It seems like in 2019 that centralization isn't something that cryptocurrency should be working to solve anymore.  There are much better solutions available than holding huge amounts of USD.

Besides, I'm only asking if people have an interest in discussing and exploring ideas in a group.  That's how all good ideas start out I think.


At this point it's just a thought.  I've been privately working on some ideas myself, and it struck me that others might be working on exploring similar spaces and it could be worthwhile discussing and bouncing ideas back and forth.

Next year there are dozens of new stable coins being launched, and I've looked through a lot of their models and think that there's some interesting ideas that can be tested.

Every stable coin that is live or in development today have drawbacks in one way or another, but launching a successful non-volatile crypto could have more potential for growth than launching any other type at this point.  It seems worth my time, and I'd be interested to speak with others that feel the same.


Not necessarily.  It's like going back to 2010 and saying that using neural networks would never be an effective form of AI.  Two years later because of new developments neural networks destroyed the existing models and now are obviously fairly ubiquitous throughout tech and business.

I don't believe that absolute statements are the best way to find real truth, it requires more nuance.


Again, no they don't.  Stable coins are just cryptocurrencies that are anti-volatile, and just because Tether, TUSD and USDC all use a fiat-collateralized model doesn't mean that that's the only way to achieve price stability.

There are already a small handful of projects that have received millions in VC backing that use algorithms to stabilise price and not collateralization (see Basis, Ampleforth, Reserve.org and others).

And if you wanted to think about this problem in the most correct way, who's to even say that algorithmic solutions are optimal.  Maybe there's a whole other branch besides collaterialization and algorithms that may be ideal for providing stable currencies.  It takes some time and effort to explore this, which is more efficient with several people's focus instead of one.


It's not easy, but I'm not looking for easy I'm looking for important.  Creating a stable currency that could be widely adopted holds much more weight than 95% of the goals of most cryptocurrencies.  Competition also isn't the issue.  If you create a non-volatile currency that solves these problems in a uniquely effective way that is widely-beneficial to all participants then competition won't matter at all.

To be honest I'm surprised by how collectively people have responded that everyone should just avoid trying to solve maybe the most important goal in cryptocurrency today in favour of letting systems persist that are objectively substandard if you assess them critically.

Yes and I'm actually considering methods of mining that don't include PoW and PoS as a way to optimize the system and allow for novel demand mechanisms to be incorporated.

My Telegram is @VESYX and I'm open to discussing forming a group of likeminded people for anyone that is interested.

Thanks for your thought out and constructive reply.

Are you sure all stablecoin are in backup by real money in the real world with equal or even bigger amount, tether USDT has a great daily volumu which is even the greatest volume today in the CMC (17billion $)
So does the project have real money backups?

I think Fiat is enough to be a stable exchange. I think people now prefer crypto decentralized money over stable prices. it can make the price of a token worth of what can be utilized from it. if the coin is useful, the price will be higher. Well, people prefer something that is always developing, and if it doesn't develop, the coin will disappear or become a dead coin.

I think the way of looking at it, which you've hit on the head, is that the volatility within most cryptocurrency markets is desirable to many people.  It makes trading potentially more profitable, and it distinguishes crypto markets from traditional markets.

But volatility is obviously a problem for traders that would like to avoid large losses at certain times, hence why Tether has a marketcap of $4B - it's proof that there is a large demand for the ability to use stable coins with regards to trading.

As well as this, though, volatility is huge detractor against adoption into areas like ecommerce in any kind of significant way.  You can say that a lot of websites accept Bitcoin, alot more than a few years ago for sure.  But most people can't just convert their funds into Bitcoin and hope that it doesn't lose a good percentage of its value while they're holding it.

The implications for decentralized anti-volatile crypto-assets is huge.  Bitcoin is not, and I don't think ever will be, decentralized money.  It's a decentralized tradable assets that can be used inefficiently for payments, but no-one's getting their paychecks paid in Bitcoin any time soon, if at all.

What stable do you mean? Stable price or stable development?
Because the price is not always stable, it shows good development because we know that there are many big players who are able to play the market.
Because basically nothing is really stable, they only develop from their competitors.

There are few stablecoins that is available in the market and I don't think that we need another one but if the stablecoin you were creating has some useful and unique features then the crypto community might give you their full support but never forget that you must have a financial backup for your stablecoin and also established lots of partnership with different merchants so your coin will be more useful for paying goods and services.

For sure partnerships are one important facet of bus dev.

There's are about 140 stable coins in total that have either been launched or are being developed currently.  I think that the crypto community is just one component of the total market for an anti-volatile crypto-asset that isn't centralized and that can scale comfortably to a marketcap of trillions.

Saying that, the crypto community is the most important segment of the market, because we are the early adopters that dictate the trajectory that adoption will take to begin with.

Well, at least this is the idea behind the stablecoins - being backed up with the fiat equivalent.

You are mistaking Daily Volume with Coins in Circulation...

Tether Market Cap is 4,104,998,322 USD
While the volume is 19,132,947,703 USD

This mean Tether need to have in a real bank account 4,104,998,322 USD or close, not 19,132,947,703 USD.
There are some controversies about Tether and backing with fiat, so I'm avoiding it in favor of the USDC and TUSD.

I do not want it.
If we look at stablecoins that have been circulating, a lot of them. What I'm still confused about is why should there be another stable coin if the function is only to secure assets? only 3-5 stablecoin is enough.
On the other hand, stable coins must be backed up with FIAT or valuable commodities such as gold, which must be in large quantities. If we want to talk or develop a stable coin without the above, forget it. There you will only make scam coins.

I was only asking if anyone wanted to create a group to discuss stable coin mechanics, not whether you would like there to be new stable coins created.

There's not 3-5, there's dozens that are functional and even more that are being developed currently.

No, as I already mentioned they don't need to be backed by anything.  There are 4 categories of stable coins currently - fiat-collaterialized, crypto-collaterialized, non-collaterialized, and algorithmically-managed.  Two of those categories don't require collateralization.

If algorithmic stable coins are destined to all be scam coins, why did Basis receive over $100m in funding from the top crypto venture capital firms with their model being 100% without collateral?  Do some research so you can form more accurate opinions and contribute something of value to discussions that require complicated thinking.

That's right, and if the developer doesn't have enough power it will be difficult to reach the target. The most difficult thing is to form a market capacity that is much influenced by investor confidence and a wide network. Most people are also more interested in unstable coins or tokens to maximize the chance of volality.

Stablecoins have a expected life expectancy of 10 years or less. 2-3% value loss (inflation) per year is not long term viable.

In my opinion it's hard to get a stable coin. sometimes what is targeted with a good concept but in the end the price is not stable. everyone hopes to get a stable coin.

Where is the scientific report saying that stablecoins have a life expectancy of 10 years or less?  You can't just make a statistic up and then pretend it's a fact.  


People get hung up on the term "stable" like if a stable asset isn't perfectly pegged to another currency then it's a failure.  Ignore the term, and focus on the purpose of the asset - to provide something that is reasonably non-volatile to be able to hold over the medium and long term without losing large amounts of value in the process (in relativity to whichever assets it's pegged to).

If Tether oscillates between -1% and +1% of the value of USD, does that mean it's perfectly stable - nope.  Is it functionally useful as a stable asset - yep.

Stable price is what people are talking about when they say "stable coins".

stable coins can not be much, in theory. Of course, you can try to create them, but 1 out of 1000 will stand.
And a coin can only be stable if it has very big support, big capital
the market is very volatile

What about algorithmic stable coins with no collateral?  Do you think that they can't work as they should and that only holding a large amount of USD is possible to stabilise a cryptocurrency?

Maybe only a group of whales can build new stable coins, because for development we need huge capital. Not only that, the development of new coins must also be based on innovative goals which can later increase investor confidence, if only making carelessly then the coins will compete with other coins of the same because new innovations are needed towards the foundation of goals.

Stable to what? Stablecoins are called that because they are supported with their fiat equivalent. They are not stable to the general market. Stablecoins are stable to the fiat they are paired to...

A coin paired with USD could not be called RUB stablecoin as RUB is volatile to USD.

Not necessarily.  Stable coins don't have to be collateralized.

Thats right just made up fantasy numbers (rings some kind of bell).

There are many stable coins on the market for several reasons, one of which is a company that issues stable coins. Every company that wants to issue stable coins must have a dollar in the bank as a back up. In addition, some stable coins use a different network, some use a BNB chain and some use an Ethereum chain.

Stable coins is a payment alternative for regular payment options. There are already so much crypto currencies, especially stable coins that have absolutely no use case. It would be much better to finally develop a working altcoin.

No doubt with USDT as it is pegged to dollar for 1:1 and other  fiat currency equivalent. But as of now, I haven't read or know yet any projects that will ensure stable coin's use. I guess stable coins are already in place for being a safe haven for the market, that would do for now but if there will be any idea to work with stable coins in efficient way that would be great in general.

as one with works of developer gains of popularity the service might helps on reference of growth on value with the token price and collects as drawing gives with contrast of shifts on chance as collecting returns on investment.

This comment is clearly created by a bot.  This is a selection of random words with "of", "as", "and" and "with" in between them

You must not misinterpret it. the purpose of a stable coin is a coin whose price is basically stable on nerves. and the volume increases. indeed to measure the extent to which a coin is stable is rather difficult. but at least we can see in terms of graphics and turnaround in the market.