Are stabletokens going to be the new altcoin hype?

[babayaga92]

Lot of stablecoin projects coming out in the space. Coinbase added USDC and Bancor went Live with Peg network today! https://twitter.com/Bancor/status/1057571877064003584

[auliahr]

after the bad surprise experienced by tether yesterday, then there are many stable coin variants born and each exchange tries to make their own stable coin version. this is just hype and they are trying to take advantage of the trends that occur. but everything will return to normal and btc will remain the main pair in every crypto exchange, because that's what is worth it.

[shinratensei_]

Lot of stablecoin projects coming out in the space. Coinbase added USDC and Bancor went Live with Peg network today! https://twitter.com/Bancor/status/1057571877064003584

Can i trust them all? and i can't. Most of them are not transparent and i can't even believe them all. In fact that even tether as the biggest stable coin still can't even prove the result of its audit about the reserved funds to backed tether stable coin. This needs a lot of effort to determine which is the best stable coin from all of them.

[aligator2017]

I don't know if they will, really. I don't see the advantages of investing in stablecoins. Maybe just to safe funds from any fiat connected unrests. If there will be some such situations with dollar than yes - people will enter stablecoins, and it will be good for bitcoin - some will buy it to diversify risks so the price can rise.
But I'm in doubt with dollar instability - I think everything will be calm in next few years

[bellamente]

stabletokens - can not be a new advantage of cryptocurrency, as most people invest in cryptocurrency for profit.

If you invest in stabletokens, then the profit is difficult to get)

[bartolo]

I don't think so, these tokens have no utility outside exchanges and there are too many doubts about their reliability. At the end, only one or two of them will be adopted by exchanges and in a few months we will not hear about them anymore.

[TastyChillySauce00]

I don't think so, these tokens have no utility outside exchanges and there are too many doubts about their reliability. At the end, only one or two of them will be adopted by exchanges and in a few months we will not hear about them anymore.

Actually these tokens definitely have utility which is for money transfer and really good at that. No volatility whatsoever and the token is backed up with real world money.
It's a crypto that was created for reserving wealth and it will lasts long because the existence of reserved money behind that token making people less paranoid.

[cryptohunter]

There can be only one

bitbay

the project basically has all you need to have a trustless decentralised market place with a smoothing pegging system.

most other pegs are not comparable in the true spirit of this arena

[blackhawkeye1912]

Price stability is somewhat good for the cryptocurrency. But, investors look at this stability as less profit. This might not be attractive to investors at the start, however, in the long run the stability of any cryptocurrency will be good for its adoption.

[Ali Akbar Torang]

yes they are, i think stable coin will made crypto growth more progressive and will bring more investors to the platform, so stable coin was a positive

[inanilujimi]

after the bad surprise experienced by tether yesterday, then there are many stable coin variants born and each exchange tries to make their own stable coin version. this is just hype and they are trying to take advantage of the trends that occur. but everything will return to normal and btc will remain the main pair in every crypto exchange, because that's what is worth it.

I agree with you.
I think that many investors like the risk of investing so they can make a profit, not just save money in crypto alone.

[Ozero]

In general, stable coins are very convenient to use. Especially if they are already backed by the currency they are digitizing. However, of course, there may be, as always, a bust in their numbers. However, the market will still remove those that are not in demand.
In principle, I am pleased with the appearance of stable coins.

[Lisa110386]

Many stabletokens appeared when there were doubts about the security of tether. Even exchanges issue their own stabletokens. But yesterday we saw the news that tether has been audited and has a sufficiently large amount of collateral 1.8 billion dollars.

[bigcash2011]

Well for investors and traders new stablecoins does not bring anything attractive other than more transparency and security and as an alternative of usdt and fiat, i do not think these coins are profitable as their value is fixed.

[labake]

If token turns to be stable then it's more or less like FIAT. Base on my knowledge, I don't think cryptocurrency should be stable in value at all.  Stable tokens would only help in savings not gonna work out as assets base on my understanding. I would love to know much about stable tokens though 

[labake]

Well for investors and traders new stablecoins does not bring anything attractive other than more transparency and security and as an alternative of usdt and fiat, i do not think these coins are profitable as their value is fixed.

Exactly my point buddy! They are not profitable in any sense, if all cryptocurrency is stable, then it won't work as asset anymore but savings measure.  What would traders gain?

[batang_bitcoin]

They may be the new hype but that does really matter?

The one that will be hyped are the ones that will be backed up with real dollars. Like USDC, the recent news is a good one for it.

The USDC Stablecoin is launching on Coinbase Pro
Coinbase and Circle announce the launch of USDC — a Digital Dollar

[Airelves09]

I don't like too much stabletokens. I only like USDT. As long as USDT keeps its openness and transparency. Then everything is not a problem. I would love to see many competitors in the encryption market. These stabletokens will generate competition to maintain market stability.

[muslol67]

Lot of stablecoin projects coming out in the space. Coinbase added USDC and Bancor went Live with Peg network today! https://twitter.com/Bancor/status/1057571877064003584

I'm guessing it would affect the Bitcoin price before the Altcoins. In the meantime, according to a report I read a new stable coin is coming today. The name is Stable USD (USDS). I guess it's not gonna end. We were talking about the number of ICOs but the number of Stable coins will catch ICOs in a short time.

[Ria Sakurai]

I don't like stablecoin, they are trying to launch their own stablecoin after tether scandal, i don't like this because there is no true insurance for the stablecoin they created. Why we need stablecoin, why we don't use real usd to trade with cryptocurrency.