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

[michellee]

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

Why do we need so many stable coins in the market? Currently we have Tether, TrueUSD, GUSD, Dai, Binance was going to create its own stable coin. But what if it turns out that one of the stable coins has no value?

Then the other stable coins will replace the position, so we still have another chance to use in the double life. Don't forget that now USDC is available in the poloniex and they claim that this coin is one of the stable coins too. So we need more option for the stable coins, and I think if this can be used for the real life and online life, then we don't have a problem to pay with the cryptocurrency.

[TastyChillySauce00]

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

Why do we need so many stable coins in the market? Currently we have Tether, TrueUSD, GUSD, Dai, Binance was going to create its own stable coin. But what if it turns out that one of the stable coins has no value?

That's impossible because every stablecoin provider or creator will always giving back up equal to the total supply so that the coin can be bought back anytime with enough resource. They are taking the profit from the fee generated in every transaction. If the stablecoin turns out to be zero, that means the company is scamming.

[CP_Processor]

Yet another report on ongoing Stable coin projects! Big thanks to Konfid.io and Kintaro Capital for including us in this article!
https://medium.com/konfid-io-blockchain-reports/what-stablecoins-are-out-there-7082b78a36f9

[CP_Processor]

We just published introductory piece to our review series - HOW STABLECOINS WORK

Check it out - https://medium.com/cp-processor/how-stable-coins-work-35301e98c210

[CP_Processor]

Here is an update of StableCoin Overview Report!

https://docs.google.com/spreadsheets/d/e/2PACX-1vTf2gZZJrpSXCxcx_pE4Sjta2lDnDXWbK0ARgoIw_HkYGoIdFtfi0QRJs3DFMnoaQm47cOxeS-0gSiI/pubhtml#
What's new: Paxos and BitBay added!

Let us know of the new stablecoins and major updates about your favourite stablecoin projects, and we will include them in our next update!

[Asimmo]

For sure, it is..
Bitbay, bitCNY/bitUSD and such projects will have it`s say, when the demand will get higher for stablecoins..

[CP_Processor]

Take a look at this questionnaire we made for our #StableCoinsREVIEW
We want to hear your thoughts. Is there anything else we should ask these stable coin teams?

https://medium.com/cp-processor/questions-for-stable-coins-review-e73ba5931171

[CP_Processor]

📯Real tests of #stablecoins are coming!!! Don't miss it! Follow us on Medium!

https://medium.com/cp-processor/questions-for-stable-coins-review-e73ba5931171

[CP_Processor]

In the effort to further raise awareness on stablecoins in general, we decided to make the first standardized stablecoins questionnaire. Before standards can be established, we need to get feedback from everyone in the community. It is essential that we all work together to create these standards.

That is why we have created this survey with proposed questions that any stablecoin will have to answer before calling itself a proper stablecoin. We expect you to tell us which questions you would exclude from this questionnaire and to add those that are missing.

Here is a link to the survey - https://docs.google.com/forms/d/e/1FAIpQLSdmpAXOOOkNS94BJ18fneTAgtMnVpzG2XXnqr1ttRwrxLj2Cw/viewform?usp=sf_link

Thank you for your cooperation!

[CP_Processor]

Dear community, our abstract Evolution of money - Stablecoins is up for voting on FINTECH BOOK website!

Please support our idea and #stablecoins and help us get published in the next @PayTECHBook !
Login to their website and vote for us! Thank you! http://app.thefintechbook.com/thepaytechbook

This is a huge opportunity, not only for CP Processor, but for stablecoins in general. We have a chance to promote this idea in one of the most influential books in the financial ecosystem. Help us raise awareness on stablecoins - the future of  blockchain payments!

[tamango]

I think that stablecoins are essential to make crypto be used for everyday payments but this stablecoin have to be really pegged and certified be a trusted third part

[CP_Processor]

I think that stablecoins are essential to make crypto be used for everyday payments but this stablecoin have to be really pegged and certified be a trusted third part

Absolutely agree!

[biznes35]

Think need their in the future there. If the Fiat money will disappear and will not need to somehow fix the profit that makes sense in these coins will not.

[CP_Processor]

Think need their in the future there. If the Fiat money will disappear and will not need to somehow fix the profit that makes sense in these coins will not.

It doesn't seem plausible that fiat money will disappear any time soon. Stablecoins are meant to ease up the mass adoption of crypto, and not to eradicate fiat money completely. Just to enable quicker transactions and payments throughout the world, because cryptocurrencies such as bitcoin and ether cannot fulfill that need because of their extreme price volatility

[minttop]

They are needed to fix your profit. just imagine BTC will go to 20 k again and what will you do next?
I would fix profit in usdt and then wait for correction.

[ellensmith025]

A very necessary thing on crypto-countertops. Because many exchanges do not have support for fiat money, because stable coins are an excellent solution for storing funds on the exchange. You never know when there will be another drawdown in the market.
The problem in this question is only one, that the issue of coin staples has become a hype, therefore the probability of a scam may increase.

[CP_Processor]

They are needed to fix your profit. just imagine BTC will go to 20 k again and what will you do next?
I would fix profit in usdt and then wait for correction.

You wouldn't choose some of the more reliable, regulated stablecoins?

[CP_Processor]

A very necessary thing on crypto-countertops. Because many exchanges do not have support for fiat money, because stable coins are an excellent solution for storing funds on the exchange. You never know when there will be another drawdown in the market.
The problem in this question is only one, that the issue of coin staples has become a hype, therefore the probability of a scam may increase.

You are right, that is why there is an urgency to create stablecoin standards that would contribute to a healty and trustworthy ecosystem

[MetalEngine]

Probably, we need them now, but we will not need stablecoins in the future because increasing volumes will decrease the volatility. Crypto will be as volatile as present fiat.

[Erzinnum]

Probably, we need them now, but we will not need stablecoins in the future because increasing volumes will decrease the volatility. Crypto will be as volatile as present fiat.

I cant imagine that in the near future the volatility will decrease drastically. We will need some stablecoins. However, those who take payments can just take risks and accept crypto by the current quotation