Economic consequences of creating a BTC-pegged stable coin

[saerdnaa]

Hi everybody, in another thread I'm wondering if a BTC-pegged stable coin (or token) could be a good idea or not.
https://bitcointalk.org/index.php?topic=5053466.msg47049012#msg47049012

Talking about economic consequences, what do you think could happen if someone will create a BTC stable coin, and do you think it could hit the crypto market in some way (real BTC need to be locked in some way, to give to users the BTC pegged coin)?

[Brawnsugar]

It was unnecessary for you to create yet another thread on the same subject after it has been well discussed in another thread. The moderators of this section will end up deleting it.

[Choswen645]

Volatility is one of the key features of bitcoin. But the idea of making a BTC pegged coin just like Tether is to make the market stable. I don't think this is going to work to be honest.

[Grauhar69]

Stable coins are pegged with more stable assets to tackle the unstability, just like Tether. But bitcoin is very volatile and pegging it with this kind of thing may not bring good at all.

[Gwiladan211]

Fork coins are mostly a recipe for disaster. Inspite of being stable it has issues with integrity, as to why it should exist in the first place.

[Ozero]

I do not think that you can create a stable BTC coin. Stable coins are rigidly equated to one of the usual world currencies. And in this case, what will such a stable coin become attached to? Unstable bitcoin? Nothing will come of it.

[prtty2gal2]

Hi everybody, in another thread I'm wondering if a BTC-pegged stable coin (or token) could be a good idea or not.
https://bitcointalk.org/index.php?topic=5053466.msg47049012#msg47049012

Talking about economic consequences, what do you think could happen if someone will create a BTC stable coin, and do you think it could hit the crypto market in some way (real BTC need to be locked in some way, to give to users the BTC pegged coin)?

You can't have a "btc-pegged" and a "stable-coin" at the same time. That means a coin that is basically the same price bitcoin is and changing constantly each day which means there is absolutely no reason why someone should not get bitcoin directly instead. The only stable coins we have right now is used like USDT (which I think is a scam) because people sometimes needs someway to change from bitcoin to dollar and from dollar to bitcoin without actually cashing out.

Without actually cashing your money into your bank account and keeping it on the exchange as dollar/euro is done via the stable coins because they are pegged to a certain amount and doesn't change price constantly. 1 USDT is 1 USD, so it will always stay the same and if you think bitcoin will go down than you can keep it there and buy back into bitcoin when you feel like it will go up.