Stable Coins Necessary?

[dnprock]

I think the current approach (tethering) of stable coin is silly. The stable coin for USD is USD itself. USD is also digitized and available electronically. We don't need another digital version of it created by a bank. The stability problem with crypto currency like Bitcoin is its deflationary paradox. If we remove that condition, we'll have a coin that behaves like USD.

[1714751993]

1714751993

[1714751993]

1714751993

[edmundo]

I strongly believe they are necessary. Crypto is aiming to replace fiat and as such, it needs a coin/coins that can maintain a reasonable level of stability at all times. Being that crypto is highly volatile, the need for stability in value for exchange and usage cannot be overemphasised. This is exactly where the world needs a stable coin/coins to step up and act while maintaining the full balance of cryptocurrencies.

[prayogi]

this will be the same as conventional currency and to be honest I don't like it because if there are only stable coins then where can we get a surprise? Which coin can we get so much profit? there are no fluctuations so there is no big profit, yeah that in my opinion
I like stable coins, but I'm not very supportive if there are a lot of stable coins, enough with what is now there, no need to add more

[jamesuk34]

Hey dear people,

what do you think about STASIS? Do you know other euro stablecoins than EURS?

[flowdon]

it is good to have more stable coins in any of exchanges out there, because of these coins we can well manage our own profit and put into safe mode when you have doubt about dumping time.

[dipeco]

It depends on what you need to do with those stable coins. I am not a trader and I am not using them on a daily basis. The only time I needed a stable coin was done for an arbitrage deal. We do not need so much of them in my opinion.

[vkuroibara]

well stablecoins have been the hottest topic in the cryptocurrency world for a while now. Looks like everyone uses stablecoins for now. It has more pros than cons and that's the fact. Stability is the biggest need on the market no. don't you think so?

[farraddy]

It is impossible to trade successfully on the crypto market without being able to fix profit (loss) in any stable coin. The idea of creating stable coins arose by itself and as time has shown was accepted by the majority of market participants.

[fallensky7]

Stablecoins are financial assets that offer their owners a certain degree of stability to their price. The main purpose of stablecoins - serve as a unit of account, as well as a means of saving value. Their diversity gives us a choice, I think it is very good.

[Zdraste16]

There is nothing negative in the fact that several stable coins will be provided.  This will give the opportunity to choose for each a more convenient option.  Although they are all stable coins, there is a difference between them. Developers will work more to improve the product in a competitive environment.

[cherryganda]

for me it is a yes! stable coin will get the market much better.
as a trader i would go to a stable coin if i am seeing the market falling daown. this will engage it!

[DES_MX]

The marketplace is actually steady, I believe it will likely be hard. We are able to observe that we now have various kinds of cash plus they should function difficult to improve cost development. Right now your competition in between cash gets harder and several price tend to be an absolute no. These people shed traders since the creator isn't any lengthier energetic.

[Schirer]

Its hard to understand how many we actually need,
There are a rational reason behind this, there is real doubt about USDT stability and coverage with real USD . This is why we need other coins as well.

But as for ton of new coins, I thin kthis is just a new trend which gives you higher probability of ICO success.

[sandu.gisca13]

Hey all,

Wanted to share with you an article from STASIS team on "why exchanges and asset-backed tokens should be different entities". What are your opinions on that?

https://medium.com/stasis-blog/why-we-should-be-wary-of-exchanges-tokenizing-assets-d13e325e74d2

[motun01]

stable coin are essential in the cryptocurrency market both for the individual traders and also the long term holders and the institutional investors. As of late, numerous projects set forward their plans to make a stable coin, and these thoughts are getting to be well known. I believe that an enormous number of stable coins are not required in the cryptocurrency market, there will be few stable coins that will pick up prevalence

[Duzter]

Stablecoins help users with a basic way to get into trading with ease when paired with bitcoin or any of the cryptocurrency. Among the cryptocurrency users there are different categories of user community who have difference of opinion on cryptocurrency usage. Some expect minimal profit without their capital funds being disturbed, those users prefer stablecoin investments higher than the common ones.

[LiquorBan]

Coin prediction is not real though,  sometimes the coins itself are doing it, and market isn't stable. And I can say that coins are stable in 24hrs , maintaining a stable price .. And now the market is good and we can assure that the coins right now are good to invest.

[dataispower]

Stable coins are necessary, but not necessarily creating so many different stable coins. Especially for traders like us, we need stable coins when there are signs that the market will dip or just to ensure our portfolio value doesn't drop in USD.

[BeginToMine]

Honestly I find this trend very troubling, I don't know why stablecoins are popping up everyday and it is not even needed, we already have established stablecoins that are doing so well with USDC being my favourite even though it's not trading in most exchanges.

[Nasonn]

Having so many stable coins may be good for crypto, reason is it's always good having a number of options in case one fails you can always have another to fall back to. Moreover all of them can't be listed on every exchange so the one available on the exchange you use you make use of that one.