It is exactly what the market needs if cryptocurrencies are ever going to serve the purpose that they were created for and to be used as currencies. if there is no stable coin then there would be no one who would want to use it as a currency since it is very unpredictable and volatile. Although as we are looking for a stable coin then there should also be a coin which its transactions are instant.
Right on point! The race for the dominant stablecoin has just begun, but is there any of them you trust the most? |
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Because of great interest and importance of this topic, we have repeated the poll DO YOU THINK THAT STABLECOINS ARE NEEDED FOR THE FUTURE OF CRYPTO PAYMENTS, and it will last for seven days! We want to hear your opinion, so like this poll, share it or comment 
https://twitter.com/CP_Processor/status/998521133900140544
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Yeah, the average person doesn't want to be gambling with their grocery or rent money.
Exactly! |
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Because of great interest and importance of this topic, we have repeated the poll DO YOU THINK THAT STABLECOINS ARE NEEDED FOR THE FUTURE OF CRYPTO PAYMENTS, and it will last for seven days! We want to hear your opinion, so like this poll, share it or comment
https://twitter.com/CP_Processor/status/998521133900140544
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Because of great interest and importance of this topic, we have repeated the poll DO YOU THINK THAT STABLECOINS ARE NEEDED FOR THE FUTURE OF CRYPTO PAYMENTS, and it will last for seven days! We want to hear your opinion, so like this poll, share it or comment
https://twitter.com/CP_Processor/status/998521133900140544
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Comprehensive overview of STABLECOINS — PART 1.For those of you who still don’t know, “Stablecoins” as they are called by the greater blockchain community, are crypto coins that are intended to provide measurable stability in a price change. These crypto coins are “designed to be used as a unit of account and even as a store of value.” Typically, most stablecoins are pegged against the USD, but some implementations intend to move over to a basket of currencies or an index such as the CPI (consumer price index) in time. This is in hopes of having a currency independent of fiat in the near future. There are three categories of approaches to developing a price-stable cryptocurrency: 1. fiat-collateralized
2. crypto-collateralized
3. non-collateralized (essentially an independent, non-collateralized currency maintained by an “algoritham”) Read the whole article at https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-46d9220ca862
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Comprehensive overview of STABLECOINS — PART 1.For those of you who still don’t know, “Stablecoins” as they are called by the greater blockchain community, are crypto coins that are intended to provide measurable stability in a price change. These crypto coins are “designed to be used as a unit of account and even as a store of value.” Typically, most stablecoins are pegged against the USD, but some implementations intend to move over to a basket of currencies or an index such as the CPI (consumer price index) in time. This is in hopes of having a currency independent of fiat in the near future. There are three categories of approaches to developing a price-stable cryptocurrency: 1. fiat-collateralized
2. crypto-collateralized
3. non-collateralized (essentially an independent, non-collateralized currency maintained by an “algoritham”) Read the whole article at https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-46d9220ca862
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Comprehensive overview of STABLECOINS — PART 1.For those of you who still don’t know, “Stablecoins” as they are called by the greater blockchain community, are crypto coins that are intended to provide measurable stability in a price change. These crypto coins are “designed to be used as a unit of account and even as a store of value.” Typically, most stablecoins are pegged against the USD, but some implementations intend to move over to a basket of currencies or an index such as the CPI (consumer price index) in time. This is in hopes of having a currency independent of fiat in the near future. There are three categories of approaches to developing a price-stable cryptocurrency: 1. fiat-collateralized
2. crypto-collateralized
3. non-collateralized (essentially an independent, non-collateralized currency maintained by an “algoritham”) Read the whole article at https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-46d9220ca862
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No, to make payments I don't think the stablecoins are necessary. Instead, they are an interesting concept if you are thinking in holding. For example, if someone wants to hold for a long time and is worried about the possibility that the price of his coins falls, he could get some stablecoins and hold them. The problem is to guarantee that the value of those stablecoins stays really stable, after all, they are just another cryptocurrency. Anyway, I think the only people who use the stablecoins are the traders when they think that the market is going to drop.
Interesting point, but take a look at this article https://bravenewcoin.com/news/stablecoins-and-payment-processors-to-take-crypto-mainstream/You might change your mind  |
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I believe that stablecoin is very necessary for crypto. I am sure that such coin will appear in this year's and this become a reason why a lot of new people will come in crypto. There will be new hype about crypto.
Totally agree! |
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Our recent poll showed that 45% of you believes that MakerDao& Dai has the most promising Stablecoin and that it will be most likely the future of crypto payment.  We think that stable token DAI in practice has the role of ETH LONG leverage and in other words serves as some kind of ETH CALL Option.What do you think? |
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Our recent poll showed that 45% of you believes that MakerDao& Dai has the most promising Stablecoin and that it will be most likely the future of crypto payment. We think that stable token DAI in practice has the role of ETH LONG leverage and in other words serves as some kind of ETH CALL Option.What do you think? |
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Our recent poll showed that 45% of you believes that MakerDao& Dai has the most promising Stablecoin and that it will be most likely the future of crypto payment. We think that stable token DAI in practice has the role of ETH LONG leverage and in other words serves as some kind of ETH CALL Option.What do you think? |
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We have no dilemma that the massive use of crypto requires stability for the simple reason: many more people want to make payments than to gamble. As far as the future of the Stablecoins, the race has just started, and time will show the results ... We hope that CP Processor will achieve its vision and mission  |
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You're right people cryptos weren't meant to be valued for their volatility and yet that's the case anyway, so I am not sure people are ready to value stable coins more than unstable. It might be the case in the future if cryptos get massively adopted and can really become the means of payment, then stability will be an important matter for economy.
As for the article on coins, dai and usdt are backed up, so their stability is not due to some unique tech and can eventually be compromised. Basis looks interesting, but I don't understand how the supply can be decreased in case there's lack of demand for it if, say, people already possess too much of coins. What, the money will be just disappearing from their wallets for the sake of stability? Or there will always be a huge amount of money kind of reserved for being available or not available?
We also have no dilemma that the massive use of the crypto requires stability for the simple reason : many more people want to make payments than to gamble. If you look around realistically, you will see that this claim is proven in real life. As far as the future of the Stablecoins, the race has just started, and time will show the results ... We hope that CP Processor will achieve its vision and mission. |
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what are you talking about? there is not even a single vote on that poll, how can it have any results?!!!
in any case why do you even think a centralized stablecoin can be the future of payments? people don't come to cryptocurrencies to have a stable price. they come to them to benefit from the decentralization and then if there were stability, it would be icing on the cake.
all the coins you named here are centralized. some of them are less centralized i'll give you that but they are still centralized. the articles you posted above are more like the "ideal" coins that we wish to have not the coins that exist.
not to mention that they are not even stable!!! for instance HAV is currently worth $0.54 not the promised $1
That was i supposed to say and i dont know why he would pushed about that stability into those coins yet even centralized coins in the market do have movable prices. Does he really know whats the definition on the word "stable" ? Seems like he lacks out with some dictionary and also that Poll what a shame and doesnt any have a single vote. lol
NO, neither internally, nor externally.
So, you do not need to look for the definition of "stable"USD is not a stable currency and that is confirmed on a daily basis. Internally, USD is consolidated constantly through a changeable benchmark interest rate set by the FED and it generally loses value over time due to inflation. Externally, it has a floating currency exchange rate against other international currencies. From time to time, it gives us greater than expected shocks and there is one simple reason for that — people manage USD money supply centrally and subjectively. |
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How about doge? the price its stable on 50-70 satoshi hahaha. Just kidding, I think eth its stable and can be the future payments. Why? Because low fee + fast transactions. Just my opinion, Sorry for my bad english and thanks!
Show us just one company in the world that has Bitcoin and believes that there are no risks about its value, and therefore uses it as a method of payment and settlement of liabilities. And not to mention investment funds that treat Bitcoin and Ethereum in their portfolio only as an investment asset and conduct the same actions as for the other investment assets (risk assessment, Buy and Sell decisions…). |
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