The rise and fall of stablecoins

[Correlll]

I thought that stable coins are called stable, because they are based by some fiat currency and that are always on the same level as USDT for example. Despite some price movements it always gets back to 1 USD per token.

[alexcopper]

I thought that stable coins are called stable, because they are based by some fiat currency and that are always on the same level as USDT for example. Despite some price movements it always gets back to 1 USD per token.

every stablecoin is different in how they maintain stability. what we need more of would be audits on these stablecoins.

saw that ampleforth recently got theirs: https://www.ccn.com/ampleforth-stablecoin-improves-security-after-audit/

[Zero1One0]

I like stablecoins like TUSD and USDC as they are audited and helps preserve the value of my coin portfolio in USD.
I'm not a fan of USDT but if not for it, I would have been wiped out last 2018.
Thank you stablecoins!

[imstillthebest]

In this kind of bearish market, I don't think that the stable coins also can survive at all. Well, I mean that it is not only about the stable coins. It is about how this market will progress. I really hope that especially the stable coins can survive and then make certain significant progress to up. This has the chance and we need to support them.

yes stable coins can survive because they arent dumping just like what we have on cryptos but you cant also expect a good profit on them because they are stable anyway but i got your point dude  . you are worrying that stable coins could also die if the market wont progress or recover which isnt true at all  . cryptos are progressing despite their price reductions   .  for sure stable coins will also get popular due to the unstability of cryptocurrency  .

[ipanks]

I think stable coins can be our solutions in the unpredictable market right now because if we can get a profit and exchange it into USDT or USD, we are not going to lose in a big amount. I realise that the stable coins can increase and decrease, but the change of the price is not bigger than bitcoin and altcoin. So maybe we can try to exchange into USDT or USD after we got a profit.

[fly99]

Yes, stable currency is a medium for the cryptocurrency market. Its meaning is crucial, so stable coins are usually safe. The birth of stable currency helps to better grow the cryptocurrency market.

[icalical]

I never invested in any stable coin, so I don't really care about the price. But in my opinion, we don't actually need any stable coin. I mean why do we need stable coin? payment? we can use fiat, and there are so payment method that based on Fiat like PayPal, Skrill, etc. Stable Coin for investment? why do we need to take more risk by investing in crypto project that only relies on commodities/fiat, when we can actually invest on those commodities and fiat.

[sedahan13]

Stable coin is should be listed and tradeable on the exchange as diversion risk, when all crypto dumped our fund will be safe in stable coin because the price stagnan with very low volatility. According to market cap of each stable coin, USD Tether still become the most popular one, but now more new stable coin that more legit and auditable listed on the market, this is will make better ecosystem for crypto market.

[Georgiyk]

Stable coins are those that are able to automatically and successfully manage market pressure without price fluctuations, despite, say, a bear market. They are necessary to provide a stable benchmark for the market and transaction security.

[nikola22]

as for me stablecoins are just a tool for deposits and money withdrawals because many exchanges don't work with fiat money.

[Volk-05]

I think stable coins will be interesting only for states, as for coins that have a fixed price!

[singlecrytpo]

I like stablecoins like TUSD and USDC as they are audited and helps preserve the value of my coin portfolio in USD.
I'm not a fan of USDT but if not for it, I would have been wiped out last 2018.
Thank you stablecoins!

Exactly. I only look at audited stablecoins like trueusd and ampleforth.

[glendall]

if I argue,
I only see stabel coins only owned by USDT or TUSD,
this is because when the market goes down, the two coins actually go up, and when the market goes up, these coins sometimes go down, even a little,
and this is what keeps the two coins stable.

[bezzler]

Stable coins does look to have a safer space to make an investment on, since from what i know, the fluctuation on the stable coin isn't like the other altcoins that could fluctuated in a big number. But it can be hard to gain many profit compared to the other altcoin.

[voron83-05]

Stable coins can be a good substitute for fiat money, so I think that it is quite possible in the near future!