Bitcoin Forum

We are witnessing more and more Stablecoin launched. Is this a trend for 2019? When people have lost confidence in the Altcoin and bitcoin. A new news has come out that the Chinese government supports Stablecoin.

https://news.bitcoin.com/chinese-government-backed-fund-plans-to-launch-stablecoin-by-february/

What do you think about this?

It's interesting to see that but i do believe if that will replace all of these existing stable coin just like tether. If that was true and it will become a huge news. but we must wait for the official statement from regulators and i meant about PBOC.

i think a lot of people lost confidence in altcoins but not with bitcoin,,
about the news, seems a stablecoin will get a lot of attentions from crypto believer in 2019,,

Stablecoin and STO might be the new trend, but it's just speculation at this point. With the recent move by Tether to make it more "auditable" by the public, the competition is surely going to get fiercer from now on. A stable coin is basically created to reduce the complexity of using fiat to transfer into exchanges back and forth, and nearly most of them have the same purpose or utility. The only way for them to win the race might be to be auditable and transparent as possible. Creating 100 stable coins is just the same as producing a different kind of fiat IMO.

if they start believing in stablecoin as an example of the recently issued USDC, in my opinion this is a saturation point for people's uncertainty about an ICO that looks nice in the front but it turns out very bitter when entering the market

it could be, since so much scam coin and fail ICO is gotten ride off. those stay in the market will be in stronger position.

Where's the fun in stablecoins if all they do is mimic the value of USD, EURO, GBP or whatever...?

That is the fun part, they are only mimicking USD, UERO, GBP and other fiat in our world.
based on that we can see that they are trying to create a new FIAT in cryptocurrency, it is so funny. why? because we already have it in our real life, then what is the point having it on cryptospace right now?

I hope in the year 2019 the price of the coins will increase very high and become stable proce amd not decrease again.
I hope everyone will be good and be positve again so everyone will invest again.

Everything that is new at the beginning enjoys popularity. However, we must not forget that the cryptocurrency market attracts investors mainly due to the possibility of speculation. I think that Stablecoins will only be interested for a short while, later everyone will come back to the speculation on altcoins.

IMO, The trend for 2019 would be the STO's.

What would be the sense if people are going to be with stable coins? is everyone will be just good investing their money without any movement with stable coins? I don't think so, they are just hyping stable coins but I don't think that will be the new trend setter by 2019.

2019 will also be bleak, there will not be any pennies that can rise, so I think we should consider and consider before making a decision to invest in this market. It can be difficult for us.

Here we only hope and wish for the rise of stablecoin, so expect next year stablecoin is able to rise and have a higher value than today.
Indeed the market is currently gloomy and next year provides a bright market.

All will depend on what stable coin will support exchanges. USDT you can use on major exchanges.

This support will make stablecoin better and have wider development, it should. Chinese companies are adopting to make stablecoin more beneficial and the company's support is quite promising, hoping investors will look at and use stablecoin as a better and more famous transaction tool.

i think pretty soon we are going to see an oversaturation of lots of centralized coins that are called "stablecoin" which are not even stable. it has already started too if you look at the previous months you can see some are released and some are being worked on. and i believe it is another bad thing that is going to happen to this market mainly because they are all centralized and pretty bad.

We have no need for more than just a few. As long as people can rely on them then there's not much need. Maybe USD, Gold, BTC (an ERC20 coin), EURO and maybe KRW given the size of the Korean market.