Is Stable Token the key to mass adoption?

[veriHUB]

Stability can only occur in a balance ecosystem. Fluctuation occurs when it is not. Stable coin pegged to a fiat currency need to be recognized by mass adoption that it serve the same function. Alipay and wepay are both in a way stable coins, issuing a token pegged to rmb where you can only use within their ecosystem. But if the coin is stable, what is the draw to investors and the value added to users, as compared to fiat currency. A coin cannot be both speculative and stable. I believe the only way is through dual token mechanism. What do you think?

PS: we have engineer and come out with our ICO based on this.
https://veritag.org/
https://t.me/veriHUB

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[Febo]

Stability can only occur in a balance ecosystem. Fluctuation occurs when it is not. Stable coin pegged to a fiat currency need to be recognized by mass adoption that it serve the same function. Alipay and wepay are both in a way stable coins, issuing a token pegged to rmb where you can only use within their ecosystem. But if the coin is stable, what is the draw to investors and the value added to users, as compared to fiat currency. A coin cannot be both speculative and stable. I believe the only way is through dual token mechanism. What do you think?

PS: we have engineer and come out with our ICO based on this.
https://veritag.org/
https://t.me/veriHUB

Stable coins are way for smaller exchanges to offer fiat pairs. Stable coins are useless for everyone else beside exchanges, that are companies. Exchanges also carry all risks considering these stablecoins.

[syarifbitcoinishack]

Governments and Banks argue if cryptocurrency cannot be adopted massively because the price is fluctuating, perhaps with stable coins they can change their opinions but there are things you need to know, everyone likes cryptocurrency because it has a fluctuating price but if this character disappears I think most people will start leaving the cryptocurrency because they think it's not much different with Fiat

[MISS_nSTASSY]

Stability can only occur in a balance ecosystem. Fluctuation occurs when it is not. Stable coin pegged to a fiat currency need to be recognized by mass adoption that it serve the same function. Alipay and wepay are both in a way stable coins, issuing a token pegged to rmb where you can only use within their ecosystem. But if the coin is stable, what is the draw to investors and the value added to users, as compared to fiat currency. A coin cannot be both speculative and stable. I believe the only way is through dual token mechanism. What do you think?

PS: we have engineer and come out with our ICO based on this.
https://veritag.org/
https://t.me/veriHUB

In my vision stable coin is something that should be regulated otherwise it will not be stable. We have a perfect example of coin that gained thousands of percents depending on supply and demand model. If such stable coin will have high supply and low demand someone will need to correct the demand with his resources. And this is clear regulation. But how can crypto be regulated - I can't see that co-existing of governments+banks with cryptocurrencies is possible in current state of affairs

[Ninellechka]

On my opinion, at the moment stable coins are necessary for trading mostly. I'm not sure that they may influence mass adoption. They don't play an important role in stabilization of crypto. Just have a look at Tether. It has brought thousands of investors into panic just recently. Seems like stable coins aren't really stable yet

[cellard]

Stability can only occur in a balance ecosystem. Fluctuation occurs when it is not. Stable coin pegged to a fiat currency need to be recognized by mass adoption that it serve the same function. Alipay and wepay are both in a way stable coins, issuing a token pegged to rmb where you can only use within their ecosystem. But if the coin is stable, what is the draw to investors and the value added to users, as compared to fiat currency. A coin cannot be both speculative and stable. I believe the only way is through dual token mechanism. What do you think?

PS: we have engineer and come out with our ICO based on this.
https://veritag.org/
https://t.me/veriHUB

In my vision stable coin is something that should be regulated otherwise it will not be stable. We have a perfect example of coin that gained thousands of percents depending on supply and demand model. If such stable coin will have high supply and low demand someone will need to correct the demand with his resources. And this is clear regulation. But how can crypto be regulated - I can't see that co-existing of governments+banks with cryptocurrencies is possible in current state of affairs

It's simply impossible to regulate the price of a cryptocurrency that claims to be decentralized. If you try to regulated it, it means someone has power over the price. You could perhaps try to automate this process with smart contracts using several exchanges to spread point of failure, however it's an huge risk, it would definitely not be a store of value.

What we need for mass adoption is that people see a true necessity for it. People that can do groceries and regular buying with their government fiat isn't going to be too interested. But all fiats are doomed long term due infinite debt nightmare, so eventually everyone will take a serious look at bitcoin.

The end goal is that bitcoin becomes the global reserve currency because it meets the demands of a big part of the economy and thus it naturally becomes more stable when the marketcap is worth trillions or even quadrillions of former dollars.

[Classica35]

Stability can only occur in a balance ecosystem. Fluctuation occurs when it is not. Stable coin pegged to a fiat currency need to be recognized by mass adoption that it serve the same function. Alipay and wepay are both in a way stable coins, issuing a token pegged to rmb where you can only use within their ecosystem. But if the coin is stable, what is the draw to investors and the value added to users, as compared to fiat currency. A coin cannot be both speculative and stable. I believe the only way is through dual token mechanism. What do you think?

PS: we have engineer and come out with our ICO based on this.
https://veritag.org/
https://t.me/veriHUB

If there us any coin that is truly known to be stable, it might not be too good for investors. Such coin even has every likelihood to later be rejected. It might even b given so many titles, like being called a scam coin.
You can lunch your project and we would see how things would play out.

[TastyChillySauce00]

Stability can only occur in a balance ecosystem. Fluctuation occurs when it is not. Stable coin pegged to a fiat currency need to be recognized by mass adoption that it serve the same function. Alipay and wepay are both in a way stable coins, issuing a token pegged to rmb where you can only use within their ecosystem. But if the coin is stable, what is the draw to investors and the value added to users, as compared to fiat currency. A coin cannot be both speculative and stable. I believe the only way is through dual token mechanism. What do you think?

PS: we have engineer and come out with our ICO based on this.
https://veritag.org/
https://t.me/veriHUB

If there us any coin that is truly known to be stable, it might not be too good for investors. Such coin even has every likelihood to later be rejected. It might even b given so many titles, like being called a scam coin.
You can lunch your project and we would see how things would play out.

Well there's USDT and TrueUSD people seem totally fine for me even the overall market cap is huge enough to assume that so many people uses stablecoin to reserve their wealth.
The existence of stablecoin honestly really helps a lot. if it can be adopted for payment processor in the future that'd be great.

[zhengqi]

A stable coin is probable somehow speed up the mass adoption of the cryptocurrency, but stability is not always good. We came to crypto to learn how to make money on the volatile market and this is what attracts new investors. Stability will help to use crypto in everyday life.

[crimsongoth]

The stability of a token depends, of course, on mass adoption. And this adoption also depends on the subject of the project, the team behind it and the partnerships it establishes.

[Dragonrage201]

Stable coins were introduced by exchanges as alternatives to fiat. These exchanges did not want to deal with
the financial compliance and regulatory approval issues needed for Government issued fiat currencies and maybe to
avoid taxable transactions.

[Argoo]

Stable coins are not full-fledged cryptocurrency coins. They can not be used to profit from the growth of their price, and are only auxiliary for other cryptocurrency. However, their role does not diminish from this. Stable coins play a very significant role in various operations with cryptocurrency. This is primarily a kind of buffer between cryptocurrency and conventional currency, and also plays the role of a sump when it is urgent to withdraw funds from a particular cryptocurrency, and the conditions for further movement of these funds have not yet come, as well as in other cases. In general, I am very pleased with their appearance, they greatly simplify the work with cryptocurrency.

[accounting 181293]

not really, even though the stable coin is good. but it is difficult to get profits from investments like that. I like crypto like now because it earns faster profits.

[BitcoinHodler]

if we actually can come up with a concept to create a new innovative cryptocurrency that is both stable and decentralized then it will revolutionize the cryptocurrency and decentralized world for good.

but unfortunately we have not been able to create any coin that satisfies ANY of the two factors above. the coins that are called "stable coins" are neither stable nor decentralized.

[calandra78]

no stable one coin on market right now even people can buy and sell any time and any where. we look at fiat have regulated on government still not stable when people do speculation on them country. must be adoption fiat regulation for that.

[l10no]

to anticipate that it was held through a double token mechanism, but the mechanism was still speculative. so is this true, but how if it fails?