In order for crypto industry to grow, we need real and trusted stablecoin

[slaman29]

So, how many stablecoins do we have now out of the 1600 or so cryptocurrencies out there? I know Tether really well and you could probably credit them a little for helping the industry to grow - giving people and bears alike the chance to short bitcoin as they please. I've seen at least two out of Asia recently, but their idea kind of sucks since it also engages some kind of "overseer" organization to help steer prices towards stability.

My "stable" coin will always be good old Bitcoin. Or how about Doge (joke?) which never strays from a 100 satoshi range;)

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[Captainfalkar]

A globally used stable coin and for it to be more widely accepeted, less for investing more for the day to day usage.
That would change the whole cryptocurrency world from end to end, global economy and many things we cannot forecast.

[hugeblack]

Two contradictory concepts, cryptocurrencies mean decentralization and stablecoins need to be centralized to ensure their stability.
The industry is benefiting from digital currencies in introducing a new market that can not be investing for traditional methods and the use of bitcoin will remove distrust between the parties.
I agree with you, cryptocurrencies are bad at keeping their value but generally high in value which dispels fears about their use.
Perhaps new models of stable, decentralized coins may be accepted as an intermediate solution

[MidKnight]

Stablecoin? That does not sound as crypto at all but we'll never know. Maybe a government-backed crypto can make it happen but I'm wondering if people will use it unless the government forced it to us.

[Macricjack]

Not only do companies want stability, the common people want stability, I want a little more stability in the market; but it is clear that this is just being born and it will take a while to settle down.