The Rise of Stablecoins: Are They the Crypto Market's Future?

[Vladdirescu87]

While the rest of the crypto market has been stagnant for quite some time, market analysts are noticing the growing spread, and the rise in the number of transactions involving stablecoins in blockchain. Experts at ICOBox evaluated the pros and cons of these "stable coins" and came up with their conclusion regarding their chances to replace bitcoin.

According to the data available for the research, in just three short months four major stablecoins – USD Coin (USDC), True USD (TUSD), Paxos (PAX) and Gemini Dollar (GUSD) – shot past the $5 billion mark in terms of the volume of blockchain transactions, and between September and November the number of transactions went up by 1,032%. These are colossal figures, especially considering the overall downward trend in the market.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/rise-of-stablecoins-are-they-crypto-markets-future/

[bolshojkush]

Stable coins have gained popularity in the bear market. And I believe that one USDT would be enough. When there will be a bullish trend, they are likely to become an unnecessary asset, as there will be no sense to buy them. I can also buy and store dollars instead.

[LeetPoolsOP]

This is really a very good tool in the current market and people are using stablecoins more and more, but I think that this coins will be popular only in a bear market.

[ataki]

Stable coins gained their popularity on the declining market  when many investors short their coins to stop losing their value. This is why so many transactions and big trading volume. On bullish market their role will be less significant but still they will find their place because of the high volatility of cryptocurrencies.

[Irvinn]

The growth of the volume of transactions with stable coins just indicates the poor state of the market. Cryptocurrency owners prefer to withdraw their funds from coins and tokens falling in the price and keep them in stable coins. A large amount of investments in stable coins also indicates that people do not withdraw their funds to fiat, but still hope for a growth in the cryptocurrency market and their further investment in cryptocurrency. Therefore, now everything is logical with stable coins and people are hoping for market growth.

[trade2winnn]

Yes, they will rise this market, and they then as the Foundation will hold the entire cryptocurrency market, for many it is no secret that after the waves of correction and growth, where in 2020 there will be a situation that will remain only part of the projects that are time-tested,and are already stable and reliable and all the

[CryptoAlphaStar]

I am seeing this trend lately, too. This is definitely a new evolution. The problem is that I just don't see how ordinary investors can gain out of it, nor do I understand what is the direct benefit of the stablecoin issuers. Any thoughts?

[IgorShumilo]

I am glad that now there are many options for stable coins, and I can not keep my money only in Tether. I have never thought that Tezer is a fraud, but I'm calmer when I have the opportunity to separate the risks (after all, this is the crypto world, and this is a high-risk class of assets).

[ChangeNOW]

Stablecoins are a great option for keeping your wealth in as a hedge, IMO. Just look at Tether - while everything kept falling, it stayed afloat and even grew a little bit.

[Avri Susanto]

I see stable coins can be the same as crypto. with this coin we can make a mass adoption. but if it's too stable, coins don't seem to be good for the crypto ecosystem. it seems like the ICO time, at the beginning there are many ico who think this is a way to invest profitably. but after popular ico there is nothing profitable anymore.

[DudeAtWork420]

I see stable coins can be the same as crypto. with this coin we can make a mass adoption. but if it's too stable, coins don't seem to be good for the crypto ecosystem. it seems like the ICO time, at the beginning there are many ico who think this is a way to invest profitably. but after popular ico there is nothing profitable anymore.

What are you talking about my friend? those so-called stable coins are shitcoins, nobody can deny that fact. And about being stable, did you even see their history chart before talking about it? it is not stable at all, the price moved up or down every single day non-stop.
that explains, those coins are just dreaming to become electronic cash, nothing more than a dream. what do you expect?

[bttmember]

Stablecoins role will definitely increase in the future especially the ecommerce and social giants will use stablecoins for payments and transfers, there are already news circulating the facebook and whatsapp is working on its own stablecoin cryptocurrency for use on their platforms and i think that will be a huge coin similarly we can expect amazon, ebay and aliexpress etc to follow the same path.

[CaMeRoNy]

Despite the fact that stable coins have become popular in the bear market, I think that in the future they can be widely used by both large companies and ordinary people, and their value will also grow.

[Lalafell]

Stable coins are now become more popular than to the strong coins which have high volume on market. There is only one reason why this stable coin become more popular and that reason is because of bearish market. Experience bearish market will not end up with good income but try to look in stable coins you will discover that there is another way to earn income.

[Hunnykaushal31]

Stable coins are getting more popularity in 2018 and even facebook is considering to have their stable coin on whatsapp. Big names are getting into Blockchain now.

[Herbert2020]

i think this current trend is mostly because of Tether!
everyone saw how a company, a shady one, can easily make digital money out of thin air and earn a lot of real money from it. and so far it seems like there is nobody stopping them and the community doesn't care about it either since people are still using them even though they are very risky.
the biggest problem however is going to be when something bad happens! in that case the whole market would be shaken hard as a lot of money would evaporate in an instant. for example imagine the case where Bitfinex goes down (Bitfinex company created Tether) not just Tether but all the rest of stable coins would take a huge hit. and that damage would spread to the rest of the market.

[CryptoBry]

There is a good future awaiting for stablecoins all because they can be providing some sort of "insurance' and real value especially against the high volatility of cryptocurrency market. These stablecoins are all backed by real value (or supposedly they should be) and this alone can mean something that many other platforms do not have. In terms of value, these coins can be what the market is looking for. We need asset-backed projects right now so as to persuade many small and big investors to go back to the table.

[Snake9999]

Stabilizing coins may become popular because many traders desperately need to be able to find ways to keep the value of crypto in a bear market, and stable coins are coins that can help them.

[gelinshidong]

Yes, I agree. The stable currency is the basic coin. The excellent stable currency can make the cryptocurrency grow faster, so this is a very good phenomenon. In the future, the government may also issue its own stable currency. We look forward to that moment.

[sixexgames]

Stablecoins certainly have their purpose. But I'd like a deflationary stablecoin. Something that goes up in value a set amount every year. So today it's worth $1 but in 5 years it's worth $1.75 or something like that.