Kevin Rooke about stablecoins

[iTradeBit]

"Stablecoins have raised over $350 million. We now have 45 projects fighting for the exact same prize. Imagine the 45th stablecoin founder convincing investors to spend money on a project going up against 44 exact replicas Not sure if I feel worse for the founder or investor... " Do you agree? Is competition good or bad in your opinion?

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[bartolo]

Competition is always good, that's clear, however, the problem with the stablecoins is that they have a very limited utility and, at the end, only one or two will remain, what will happen with the rest? 45 projects are too many.

[warrior.coins22]

I think basically everyone has the right to have any opinion about Stablecoin. You can say healthy competition or vice versa, because each project must have a goal to succeed and succeed. $ 350 million and 45 projects are very many and it seems too much. Good luck.

[none of us]

"Stablecoins have raised over $350 million. We now have 45 projects fighting for the exact same prize. Imagine the 45th stablecoin founder convincing investors to spend money on a project going up against 44 exact replicas Not sure if I feel worse for the founder or investor... " Do you agree? Is competition good or bad in your opinion?

i think competition is good, because it allows customers to make a choice. in addition, the stable coins operators are encouraged to provide better service and stability than the competition. that is also good for us customers of the stable coins. from an investors point of view, competition may not be so good, but for us customers it is good.