Stable Coins Necessary?

[dawai asmara]

I think so many stable Coins do not need people. Just the developers of such projects collect good money from us, because their coin is easier to popularize than other altcoins.

currently stable coins are quite popular and are in demand by many people but in my opinion it is not a good thing because in my opinion in investing if you want a big profit then you have to invest in coins that are not as good even though the risk is also great.

[JuanPaulo]

Currently, one of the stable coins has shown itself in all its glory. USDT announced that they now do not guarantee the exchange of each coin for dollars. So now they have no need to keep large amounts of dollars in their accounts. And investors have no money back guarantees.

[Golstrim]

Stable coin is something you really need. Without stable coin crypto ecosystem can't operate. Just imagine if usdt would disappear. It will be a crash of crypto.

[BCTS]

I think that at the moment the market already has a sufficient number of stable coins and the emergence of new stable coins will not improve their situation.

[VanDeinsberg12]

I think that at the moment the market already has a sufficient number of stable coins and the emergence of new stable coins will not improve their situation.

Definitely agree. Stablecoin should not be too much. When there's already too many stablecoin the new stablecoin will be useless because the function is basically the same so why bother create one again. They better off developing something else that's more functional than the stablecoin.

[jvper]

Stable coins enable different decentralized applications purposes to happen. Many times devs need a stable price coin to make it work.

[cryptowolfsu]

Stable coins are useful preventing loosing value of our holdings when the market is declining. Many merchants also rather
accepting stable coins as they do not want to lose from market fluctuations. How much stable coins would be optimal,
the market will decide by using the ones they trust more.

[williamsoliver91]

What do you think about STASIS EURS? Do you know any other euro stablecoins?

[bitkanu]

Stable coins are also very important for ekonosike. I think experienced traders have already learned how to use project benefits. Well. Even if stable coins take it everywhere, it will advance the cryptocurrency to the masses.

Stable coins constantly help out investors and not only the most experienced, but also such coins can attract the attention of those people who want to save their money during a crisis or anything else threatening their well-being

But this coin mostly used by traders and what's the differences between putting or keep your money in fiat money and stable coin? there were no differences and that doesn't make sense at all dude. i guess that was a joke to consider stable coin as an investment.

[nik9990]

I think crypto is not for stable coins, people are attracted by the high volatility of coins

[Squirrel Dearing]

I believe that the issue is not the number of stablecoin, but their necessity. If your stablecoin will release the exchange, which daily huge volume of trading, it is likely that their coin will be successful and in demand. But if it's just another cryptocurrency that is created by an unknown company, it is doomed to failure.

[jackblacksparrow]

I believe that there is no stability in the world of cryptocurrency and that everything can change in a matter of minutes. Here you always need to be on the alert. There will be no ideal conditions for investment or growth, you need to keep an eye on it all the time.

[barnesibrahim143]

I think stablecoins are going to play a very important role in the future. We need stability in order to use it as a currency, I'm not saying it needs to be backed by USD at all, a very good example is DAI.

Do you know any reliable euro stablecoins beside EURS from stasis.net? What do you think about Eurs btw?

[travwill]

To be honest, I do not see the need for such a number of stable Coin as we currently see on the market, in my opinion there will be enough 3–4 such coins.

[barnesibrahim143]

To be honest, I do not see the need for such a number of stable Coin as we currently see on the market, in my opinion there will be enough 3–4 such coins.

But with different pegs, right?

[dicaprio]

Stable coins are a damn terrible thing, because they are digital Fiat, but not quite so, it seems to me that the community already understands that with their help resources were pumped up, which in general did not have such support as before.

[mbluxs]

I do not agree. stable, it must be there, but when it keeps happening, a trader will also not get a profit because they can all benefit from fluctuations from the market which is quite attractive to them.

[Dayan1]

No, every coin has different owner or companies which working to make a coin be progressive in its price and volume, dont wish for a stable coin, wish for a coins thats has a good development time per time. That was needed by a trader, you cant gain profit from a stable currency, its required to have changing price to be a good trading coin. Stable is not kind of good but its not worst, its be better than dead coin

[barnesibrahim143]

No, every coin has different owner or companies which working to make a coin be progressive in its price and volume, dont wish for a stable coin, wish for a coins thats has a good development time per time. That was needed by a trader, you cant gain profit from a stable currency, its required to have changing price to be a good trading coin. Stable is not kind of good but its not worst, its be better than dead coin

Stablecoins are cheaper to send and receive to any part of the world. For instance with EURS you can send any sum to any part of the world paying just 0,5 EURS. For other like TUSD, USDC etc. you just pay gas.

Stablecoins are designed to help investors to jump in and out of the crypto market cheaper and faster. It only takes you seconds to exchange BTC, ETH or whatever to a stable unit of account instead of days for jumping to fiat.

Hope that helps to understand the role of the stablecoins in the financial ecosystem

[kleshovab7]

In fact, it is the same coin that is attached to the dollar. I do not see this problem. Anyway, in the end, you get your token and change to a dollar.