Do you think that STABLECOINS are needed in the future of crypto payments?

[CP_Processor]

I personally prefer direct converting to fiat if I want to convert to fiat, but seems like not many exchange support for direct fiat converting. Stable coin are easily manipulated if we compared to other crypto, like the Tether case in bitfinex before.

Yes, you are right about Tether, it is actually adding to the volatility of the cryptomarket. What do you think about this new "stablecoin" that Circle is bringing to the market? Same as Tether, or maybe better?
https://www.ccn.com/bitmain-backs-circles-stable-cryptocurrency-with-a-110-million-funding-round/

[1715699445]

1715699445

[1715699445]

1715699445

[1715699445]

1715699445

[1715699445]

1715699445

[CP_Processor]

Yes, we need stablecoins for sure, because all people need to own some couns that bring stability into their portofolio. From what i saw untill now,  Havven seems to be the most promising option regarding stablecoins.

Yes, Havven is interesting. But its price right now is $0,66 
The current stablecoins offer is continuously changing and innovating, and that is a good thing. If we are going to take cryptocurrency mainstream then it's time to start using stablecoins and payment processors.

[andra73]

I do not think it is necessary because maybe in the future still use the payment tool as it is today, besides that it is still current as usual and not much news there will be an update for it!

[CP_Processor]

Comprehensive overview of STABLECOINS — PART 2
FIAT COLLATERALIZED STABLECOINS
**Fiat collateral for creating a token represents reserves held by a central entity.**
How it works: The mechanics for implementation are fairly straight-forward. A third party takes deposits in US Dollars (or another desirable fiat currency) and issues a unit of stablecoin for every dollar deposited. To cash out a unit of stablecoin, the third party wires US Dollar to the holder and burns a unit of the stablecoin.
Pros:
* Easy to conceptualize
* Value will match USD with certainty if properly implemented (digitized dollars without capital controls)
Cons:
* Must trust third-party to hold fiat collateral
* Need additional third-party for audit to make sure appropriate collateral is being held and units of stablecoin match deposits
* Expensive and slow to audit
Projects with this structure:
1.Tether,
2.TrueUSD,
3.DigixDAO,
4.Globcoin,
5.AAA reserve,
6.Stably,
7.X8 currency
Read the full article at - https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-part-2-7ebf0c36eb32

[GCP17]

Comprehensive overview of STABLECOINS — PART 2
FIAT COLLATERALIZED STABLECOINS
**Fiat collateral for creating a token represents reserves held by a central entity.**
How it works: The mechanics for implementation are fairly straight-forward. A third party takes deposits in US Dollars (or another desirable fiat currency) and issues a unit of stablecoin for every dollar deposited. To cash out a unit of stablecoin, the third party wires US Dollar to the holder and burns a unit of the stablecoin.
Pros:
* Easy to conceptualize
* Value will match USD with certainty if properly implemented (digitized dollars without capital controls)
Cons:
* Must trust third-party to hold fiat collateral
* Need additional third-party for audit to make sure appropriate collateral is being held and units of stablecoin match deposits
* Expensive and slow to audit
Projects with this structure:
1.Tether,
2.TrueUSD,
3.DigixDAO,
4.Globcoin,
5.AAA reserve,
6.Stably,
7.X8 currency
Read the full article at - https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-part-2-7ebf0c36eb32

nice summary

[bitcoinman93]

Do you think that STABLECOINS are needed in the future of crypto payments?

If you have an opinion on this subject, leave a comment, or follow this link and cast your vote https://twitter.com/CP_Processor/status/993797972860301312

https://i.imgur.com/dLU5YjS.png

I surely find stable coins very useful for many crypto projects, which prefer to use crypto before fiat for certain purposes, such as creating reserve funds for instance.

[CP_Processor]

Comprehensive overview of STABLECOINS — PART 2
FIAT COLLATERALIZED STABLECOINS
**Fiat collateral for creating a token represents reserves held by a central entity.**
How it works: The mechanics for implementation are fairly straight-forward. A third party takes deposits in US Dollars (or another desirable fiat currency) and issues a unit of stablecoin for every dollar deposited. To cash out a unit of stablecoin, the third party wires US Dollar to the holder and burns a unit of the stablecoin.
Pros:
* Easy to conceptualize
* Value will match USD with certainty if properly implemented (digitized dollars without capital controls)
Cons:
* Must trust third-party to hold fiat collateral
* Need additional third-party for audit to make sure appropriate collateral is being held and units of stablecoin match deposits
* Expensive and slow to audit
Projects with this structure:
1.Tether,
2.TrueUSD,
3.DigixDAO,
4.Globcoin,
5.AAA reserve,
6.Stably,
7.X8 currency
Read the full article at - https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-part-2-7ebf0c36eb32

nice summary

Thanks! Part 3 will soon be published

[CP_Processor]

Do you think that STABLECOINS are needed in the future of crypto payments?

If you have an opinion on this subject, leave a comment, or follow this link and cast your vote https://twitter.com/CP_Processor/status/993797972860301312

I surely find stable coins very useful for many crypto projects, which prefer to use crypto before fiat for certain purposes, such as creating reserve funds for instance.

Here are a couple meaningful things a stablecoin could also enable:
1. Increased global access to a stable monetary system
2. A currency for financial liabilities and derivatives
3. Mass adoption in real life

[CP_Processor]

Final results of our poll are in! 70% of you believes that stablecoins are needed for the future of crypto payments! 

[CP_Processor]

We believe it is of great importance to inform our community on the value of stablecoins!
Therefore, we have a new poll on our Twitter page https://twitter.com/CP_Processor/status/1001470165266173952



Your opinion matters! So like, share, comment and vote for your favourite type of stablecoins!

[sensei]

I expect they faculty be requisite. Or plan faculty bound with bend mints, ace project and ace stable.

[CP_Processor]

Comprehensive overview of STABLECOINS — PART 3

**CRYPTO COLLATERALIZED STABLECOINS**
Instead of backing units of a stablecoin 1:1 with fiat, crypto-collateralized stablecoins hold a ratio greater than 1:1 of a cryptocurrency (or basket of cryptocurrencies) and issue units of a stablecoin supported by the cryptocurrency held.

**Pros:**
1. Does not rely on third-party custody like fiat-collateralized
2. Conducted on-chain which enables a faster increase/decrease of stable coin units and liquidity than fiat-collateralized
3. Transparent to external parties without the need for auditors
**Cons:**
1. Not capital efficient
2. Complex selection process if a basket of cryptocurrencies; questionable price stability/security if just one cryptocurrency

**Projects with this structure:**
1. Bitshares
2. MakerDAO
3. Aurora
4. Havven
5. CP Processor

**Read the full article at [Medium!](https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-part-3-f49597b30dde)**

[NewBet]

Stablecoins are very much needed if we are to ever actualize the use of cryptocurrencies as a valid currency for carrying out transactions. One of the biggest hindrances of bitcoin and other altcoins as a currency is that they are very volatile which means that the prices of the coins are always fluctuating. This means that people cannot trust the price of items to stay a particular number of coins at all times.

[CP_Processor]

Stablecoins are very much needed if we are to ever actualize the use of cryptocurrencies as a valid currency for carrying out transactions. One of the biggest hindrances of bitcoin and other altcoins as a currency is that they are very volatile which means that the prices of the coins are always fluctuating. This means that people cannot trust the price of items to stay a particular number of coins at all times.

Exactly! Cryptocurrencies are one step towards getting a role of real money, and Stablecoins will help them get there!

[CP_Processor]

We believe it is of great importance to inform our community on the value of stablecoins!
Therefore, we have a new poll on our Twitter page https://twitter.com/CP_Processor/status/1001470165266173952



Your opinion matters! So like, share, comment and vote for your favourite type of stablecoins!

DON'T FORGET TO VOTE!

[Prodigan786]

There is already stable coins exist usdt which using as a stable coin in exchanges . I don’t think stable coin is required for payment already fiat currency exist why again needed stable coin for payment

[Jombrangs]

Yes of course, that stablecoins are needed in the future of cryptocurrency payments to be able to gain income or profit that can help us also to be profitable investors in this business.

[CP_Processor]

There is already stable coins exist usdt which using as a stable coin in exchanges . I don’t think stable coin is required for payment already fiat currency exist why again needed stable coin for payment

Stablecoins are needed in the future of crypto payments, and introducing cryptocurrencies in real life.

[CP_Processor]

COMPREHENSIVE OVERVIEW OF STABLECOINS - PART 4!
NON COLLATERALIZED STABLECOINS

Non collateralized stablecoins are price stable cryptocurrencies that aren’t backed by any collateral. It is the most complex, but potentially the most impactful for the ecosystem. To maintain the price level, a “central bank” is created that algorithmically maintains the supply of currency, increasing it when price goes up and decreasing it when price goes down.


Pros:
-Does not require collateral
-Theoretically risk-independent of other currencies (though if there is a general decline in cryptocurrencies as an asset class there would likely be a decline in demand for seigniorage shares)
Cons:
-Not as intuitive or easily explained as other structures
-Input of future expectations for seigniorage shares means that it cannot be known how resilient a coin is to downward pressure
-Require always increasing future demand

Projects that implement this method are:
1. Basecoin
2. Carbon
3. Kowala
4. Fragments
5. Minexcoin
6. CP Processor

READ THE FULL ARTICLE AT MEDIUM - https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-part-4-cf945e70828c

[CP_Processor]

Did you know that you can download price index widget for your website FOR FREE from our website https://coinpaymentprocessor.org/ ?! All the popular cryptocurrencies and their price change in real time! btc, eth, bch, xrp, ltc