Stablecoins are the new money, is this true?

[Nwankwobtt]

A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh

Perhaps we are evolving and moving towards cryptocurency stability since stable coins has less tendency to volatilities and boosts investors trust and confidence

[1714979711]

1714979711

[1714979711]

1714979711

[1714979711]

1714979711

[1714979711]

1714979711

[1714979711]

1714979711

[singlecrytpo]

I don't really feel that fiat backed stablecoins are a good idea especially if that's what we are trying to steer away from. I am curious about crypto-backed and their volatility. Algorithmic stablecoins seems to make a little more sense in how they can reach stability esp an elastic supply policy that Ampleforth has. We would need something that fluctuates just as much as demand does.

[mv1986]

Stable coins are the next big thing now. My fear is that it will give a lot of scammers new ideas and they will take advantage of it to rob unaware investors like the rise of ICOs and lending coins in 2017. Best to be careful.

It is not so easy to steal money with stable coin projects because investors want to understand where the reserves are and who does the audit for that. Still a risk to invest as always.

[raptorez]

Many people think that this is the case. But what prevents them from printing a lot of money? Just like today, maybe with the dollar? It seems to me that today a very large number of people understand this.

[mv1986]

Many people think that this is the case. But what prevents them from printing a lot of money? Just like today, maybe with the dollar? It seems to me that today a very large number of people understand this.

Depends on the system you use for the stable currency. As for printing a lot of money, the advantage with a digital currency is that there is a publicly visible ledger, so it doesn't go undetected.

[HichemFetoui]

yes as we saw last year was the year of stable coin we have seen all how all the market is in the red except those coin how stand very well with a positive percentage near to 0.01% :p

[mv1986]

yes as we saw last year was the year of stable coin we have seen all how all the market is in the red except those coin how stand very well with a positive percentage near to 0.01% :p

Too sad your joke is completely right! The stable coins were the best performing coins in 2018, yeah!

[babicena14]

I agree that stablecoin is more likely to further the development of money. Based on the latest news, we know that the leading banks are interested in issuing their own stablecoin, which confirms this theory. If we talk about the Maker project, its goal is to create decentralized tokens with a stable value that is tied to real assets, such as Fiat currencies or precious metals. The Maker fits perfectly into the likely evolution of money.