What do you guys think about the stablecoin options out there?

[singlecrytpo]

Do you think there's a viable stablecoin out there that can really facilitate everyday traansactions?? this was a great article that broke down what's already out there: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#432e3ce84fc6

imo I already heard of everyone else and havven is the newcomer recently. I see lots of potential in them since the value isn't tied to fiat or gold. What do you guys think about stablecoins and them facilitating mass adoption?

[1715498323]

1715498323

[1715498323]

1715498323

[wattcrypto]

not a fan of any of them except for havven. for me, it all rests on execution for them. If they're able to execute and get lots of people on board, they have a viable product. The token economics behind their dual token system is also very fascinating

[pinkflower]

Pegging a blockchain based cryptocurrency is no different in fiat money based on the gold standard. Cryptocurrencies are supposed to be trustless and decentralized, and by pegging it to an establishment that holds the asset makes it vulnerable to centralization and a point of failure.

Just let the market decide what the value of a cryptocurrency is and keep it trustless.

[jitenrajput]

Bitcoin, ether, ripple, litecoin, etc. are highly volatile coins and thus cannot be used as a currency. Because the number of bitcoins I spent today for a $10 pizza will be different the next day. It is really difficult to deal with highly fluctuating currency every day. That’s the reason stable coins are developed which can fulfil the original purpose of inventing bitcoin i.e. peer-to-peer electronic cash system. They are generally pegged at $1 US dollar or more. TrueCoin, NuBits and MakerDAO are some of the popular stable coins.

[rmilly]

Pegging a blockchain based cryptocurrency is no different in fiat money based on the gold standard. Cryptocurrencies are supposed to be trustless and decentralized, and by pegging it to an establishment that holds the asset makes it vulnerable to centralization and a point of failure.

Just let the market decide what the value of a cryptocurrency is and keep it trustless.

exactly^^

main reason why I like havven so must. completely trustless and the price is held stable with their dual token system. https://havven.io/

[Btc4Proxies]

Great article. Sometimes it's hard to research every coin competing against one another. In retrospect, havven looks like the best option out of all of them. yes it's new, but it holds a lot of promise. will look forward to their future announcements.

[creeps]

Good article for those who want to invest in an stable coin. But for me volatility is where we get money especially with bitcoin, you just need to find out how to do that properly. Well, always know your risk appetite so you’ll not lose money in the end.

[jack107]

Good article for those who want to invest in an stable coin. But for me volatility is where we get money especially with bitcoin, you just need to find out how to do that properly. Well, always know your risk appetite so you’ll not lose money in the end.

but what about everyday things like a cup of coffee or lending?? I see so many applications for stablecoins and especially havven. they incentivize people in the ecosystem and as it grows, it gets better.