Banks going in stable coins news its starting now

[CryptopreneurBrainboss]

Banks are embarrassed by the current economic crisis. They are looking for a far-reaching and stable currency. USD can meet their needs. Where the value of the dollar fluctuates. But the value of the USD is almost fixed. They are choosing the path of reconciliation after not taking risks. For digitalis, they are motivated to enter the crypt world.

Just think they're only picking interest in stablecoin because that's the best competition to bitcoin in regards to the adoption of cryptocurrency. If there was any coin that can meet the need of the average users that doesn't want to deal with the traditional banking system anymore then stablecoin are the best alternative to go due to its stable form and less volatality.

With stablecoin the banks feels they can beat bitcoin. The total rate of transaction already recorded in the stablecoin market surpassed that of bitcoin at some point. So there's every possibility of stablecoin overthrowing bitcoin if the banks comes in. But this can only be in market capitalization and not in price appreciation.

Nevertheless since the banks backed stablecoin won't be decentralized they won't be any different form the current fiat systems in existence. What will be different is just their digitization.

[JeffBrad12]

stabilizing the coins themselves, I think they can do it, because fiat currencies in various countries have started digital versions of them, which is easy because it's regulated and centralized.

The banks can print more money to backed the stable coin and then create a stable value for the stable coin. It has already proposed since last year if there's a lot of parties interesting to issue their own CBDC or stable coins.
Some countries already declared that if they will use stellar to issue their own CBDC too.
The bank will not try to miss this golden opportunity to be involved in the development of digitalization. everything is about to be digitalized in the future.

[Oneandpure]

Stable coin seems to be very attractive idea in the space and Governments are considering it because of the low risk involved, to me it is a very simple coin to adopt by government if the coin's value can be defended with fiat. It seems to be a very distracting scam idea also and attention is growing to cub atrocities behind the idea. Have not heard any crowdsale for stable coin until recently and are growing to billions of dollars.

Stable money best ideas adopted by bank but not give much profit if saving only with stable coin have the same price, I think better if you wanna get much profit looking very risk coin like bitcoin or ethereum and another altcoin where have potential growing up more than stable coin like USDT. Risk is the way how to be success and earn much profit, if keep safety with stable assets you waste your time and waste big chance with have much money but afraid to invest and save your assets with cryptocurrency.