Your favorite stablecoin??

[d5000]

Ethereum is developing it's own stablecoin - World Trade Francs (WTF)

https://blog.ethereum.org/2018/04/01/announcing-world-trade-francs-official-ethereum-stablecoin/

Ethereum is developing its own stable coin? Never knew about this. Thanks for the information.

Haha, good one Look at the date and the official ticker symbol ...

The Forbes article is quite bad (typical "contributor" level). They do not even mention Bitshares (already mentioned by CoinHoarder, NuBits, and the Steem dollar. I'm getting impression that the "author" thinks that crypto begun with ERC20 tokens    (in fact, Dai is pretty similar to BitShares).

Havven, however, was new to me. The system reminds me a bit of BItshares' "peer to peer collateral" but has some unique features like the transaction fees that add value to the collateral. However it seems still a system that relies pegs to fiat currencies (e.g. eUSD) and other "real world assets".

What is my favourite? For now, clearly Bitshares. NuBits has proven to be unreliable and the peg eventually collapsed, the Steem Dollar, in contrast, appreciated way too much for some time (so it became risky to buy it), and the centralized stablecoins (Tether et. al.) aren't really better than PayPal (only that you can track them on a public blockchain, but you can't track the reserves behind it). Dai and Havven can be competitors to BTS but we'll see if their pegs hold.

[Sithara007]

Been seeing a lot of talk about stablecoins lately like this article: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#432e3ce84fc6

What do you guys think about them? My personal favorite would be Havven since they're not pegged to fiat or gold and is trustless.

Never used any of these stable-coins. When I need stable coin, I use USD.
I'm trying to stay away from USDT. After reading a lot about it, I can't trust them and I'm really sceptical about it.
Never heard about Havven? Which exchanges have it? I would like to see more information about, because I tried tosearch and didn't found anything.

Yup... I agree with you. Whenever I need to make sure that my investment doesn't go down in value, I just convert them to USD. Tether is going through a lot of problems now. I will not trust that currency until they publish their audit findings.

[Ray3z]

Its known to all that,in the world nothing is stable and nothing is permanent..in cryptocurrency every  coin are not stable.every coin are stay in up and down.bitcoin stay in top of cryptocurrency world.at last I like bitcoin.

Cryptos generally are not that stable in nature. As its not being regulated so the stability factor is out of question and this also helps for people to expect the significant movement happening and you can make money from this rise.

We are as holder or investor in crypto world should know what is the main characteristic of crypto. Crypto has very volitle and it will never been stable.
If the bitcoin or other altcoin are stable then nobody will involve in bitcoin world because people  like its volatile to make profit from.it.

[arienna23]

havven all the way. planning on picking some up on kucoin

I only have bitcoin and this coin is a stable coin for me and since it is a king of all coins so thats the reason why i only have bitcoin because i know that it can give me a big profit and other coins only depending bitcoin like if the price of bitcoin rise their prices is also increase and if the price of bitcoin decrease the price of other coins will also decrease thats why i can tell that their only depending bitcoin.

Yeah right, bitcoin is the king of crypto and it decided the value of other crypto currencies. If it goes up, others go up too. If it goes down, others are also down. So the most trusted coin of course is bitcoin but can't say it is stable. It is highly volatile but that's how the crypto works. Because of its volatile nature, we earn huge amount of profits too.

[cutikanzilong]

I chose the maker dao, because Maker Dao is supported by ETH and their coins are stable. Koi is in my opinion very profitable if managed properly. In part its shortcomings move slowly but it is not a problem of slow moving origin in the rise and stable prices are not volatile

[d5000]

Yup... I agree with you. Whenever I need to make sure that my investment doesn't go down in value, I just convert them to USD. Tether is going through a lot of problems now. I will not trust that currency until they publish their audit findings.

Well, do you really convert it into "USD" or, for example, into "BitstampUSD"?

Exchange "USD" wallets are equally risky than Tether and other centralized "stablecoins". You could obviously try to use the most "established" ones (like Bitstamp) but I think everybody here remembers an exchange called oficially "Magic The Gathering Online eXchange"

(There is actually an exception: There are a few European exchanges, like Paymium, that store their USD funds in a wallet of a partnering "bank-like" payment processor. In this case, if the exchange ceased to operate, in theory the State "backs" the losses and will return amounts below 100000 EUR as part of the Deposit Insurance.)

[Tetep Mesem]

Been seeing a lot of talk about stablecoins lately like this article: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#432e3ce84fc6

What do you guys think about them? My personal favorite would be Havven since they're not pegged to fiat or gold and is trustless.

I see the development of coins getting a day is getting better. so for the value of all coins were able to become the green market. but the development of each coin is uncertain because not all coins are having a stable development. Litecoin is a coin with the development of stable enough.

[Ms Nuha]

I want to say if I am not a fan of this fixed convertible coin/token like Tether. But I have seen some negative speculation about it, so I am not looking for it anymore. Crypto-Currency is closest to the stability that I get now. And also we do not need stability because we can not benefit if all coins become stable. You should change your coins into USD or local currency to avoid the dangers of being volatile.

[AlekSandRAx]

Ethereum is developing it's own stablecoin - World Trade Francs (WTF)

https://blog.ethereum.org/2018/04/01/announcing-world-trade-francs-official-ethereum-stablecoin/

Ethereum is developing its own stable coin? Never knew about this. Thanks for the information.

Haha, good one Look at the date and the official ticker symbol ...

Heh, yea. Sorry about that, was April Fool’s joke. There will be no WTF. My bad, I didn't check the details sufficiently.

[d5000]

I have created a List of Stablecoins. It includes only coins where the collateral or "backing reserves" are hold decentrally, so Tether et al. are not included.

I have identified two different "stablecoin mechanisms":
- decentralized issuing of stablecoins based on collaterals (BitShares, Dai, Havven ...)
- "floating supply" systems where supply is adjusted to demand - when price is low, tokens are taken out of circulation, and when price is high, new tokens are created (NuBits, Seigniorage Shares, Basis ...)

While I continue to believe that the BitShares protocol (and similar protocols like Havven and Dai/MakerDAO)  is much more solid than simple Nubits-based approaches (NuBits recently again fell under 60 cents   ... ) the Basis (formerly Basecoin) protocol got my attention. It is, however, still in development and I have also not found information about its licensing terms, so it may be closed source or even patented.

Basis works a bit similar to NuBits but has a crucial difference: In low demand periods, supply is reduced by the system. But you can, in this case, buy "bonds" which are worth 1 Basis coin but have a lower price, and the Basis coins you used to buy them will be burnt. They will be returned 1:1 when the price is high. But if the price stays low, bonds eventually expire and get burnt totally. So the system can "contract" really - while in the case of NuBits and Seigniorage Shares it will continuosly expand.

[Jr family]

Been seeing a lot of talk about stablecoins lately like this article: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#432e3ce84fc6

What do you guys think about them? My personal favorite would be Havven since they're not pegged to fiat or gold and is trustless.

the stable coin is everyone's dream. I see Altcoin has a fairly stable market. so having a stable coin is pretty good and satisfying. Ripple is an Altcoin that has a fairly stable development. So by having it quite profitable.

[dreamax25]

Huobi developed an integrated solution called HUSD that targets multiple stablecoins. The feature will allow users to deposit USDC, GUSD, PAX, and TUSD to Huobi, and the equivalent amount of HUSD will show up on the user’s Huobi account.

https://coincodex.com/article/2516/huobi-introduces-husd-solution-to-simplify-stablecoin-trading/

[Kaznachej123]

Been seeing a lot of talk about stablecoins lately like this article: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#432e3ce84fc6

What do you guys think about them? My personal favorite would be Havven since they're not pegged to fiat or gold and is trustless.

   Hey jack107! A stable coin is riskier than USD since it has additional counterparty risk. It is also worse than other decentralized crypto assets in that regard.

[EvgeniyBH]

I think soon we can trade direct from cryptocurrency to fiat money. And I think stable coins will exist but it will have other function for cryptocommunity than for now.

[Wicked Sick]

I do not have any favorite stable coin because stable coins are for people who are scared to actually take any kind of risks with their money in order to make more money. I like the fact that cryptocurrencies are volatile, that is how you make money from investments, when the prices are down you buy and when they go up you sell, you just have to be patient enough to make the volatility work in your favor

[yavorskiy616]

Hi, I do not have at the moment my favorite stablecoin. I do not trust Tether but also do not trust other stablecoin. I think it's not a bad TrueUSD as stablecoin but I am not sure about its reliability.

[turkiman]

surely the very stable and suitable coin for long-term investment is BTC, but there are still many altcoins that have good potential for long-term investment because of the stable price of EOS, NEO and XRP

[jakiro.hovard]

Before talking about some stable projects, I must say that today in the world of cryptocurrency there are no projects that would guarantee you 100% stability and security, because these are cryptocurrencies that definitely will not be so soon.

[zeze18]

Been seeing a lot of talk about stablecoins lately like this article: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#432e3ce84fc6

What do you guys think about them? My personal favorite would be Havven since they're not pegged to fiat or gold and is trustless.

The most stable coin is USDT and i love to hold it and play scalping trade to other coins in a short time
Also bitcoin, i always hold some bitcoins

[zk-SNARK]

My favourite stable coin is still tether. I believe tether. You know tether backed by bitfinex. and they have huge marketcap. There are too many fuds always about tether. But i think that is normal.
They are really big and there is not regulations still in that space. Because of that they dont have to announce any private informations about their company or bank etc. I think that is normal too.
I believe tether and i am using tether when i need to wait on dollar.