Stablecoins are the new money, is this true?

[mr.robot8]

even if they are not like the money stable coins are a safe haven from changes in the market and as a point of exit from day trading

[1714900198]

1714900198

[1714900198]

1714900198

[gutshot5820]

I think what Ampleforth is trying to become is a stable account of money not necessarily a 'stablecoin' pegged to fiat or crypto. Instead they use a algorithm to help balance supply and demand.

[Ccexicocartel]

We need sound money like ampleforth more than we need another fiat backed stablecoin.

[crwth]

We need sound money like ampleforth more than we need another fiat backed stablecoin.

Isn't that just going to be like what we are trying to avoid? The essence of having cryptocurrency is to stay away from things like that. I mean, what's the difference now than before? Of course, now, the printed money is not backed anymore and even the gold standard, how are we so sure that it's going to be back? At least with a limited supply of coin, we could see how much growth there could be or something.

[Mianae]

Nothing is really stable even those coins we think are stable fall in price especially ones pegged again Ethereum. The only thing I know that's stable is USD Fiat no other cryptocurrency is really stable everything falls from time to time..

[Bourbon44]

Stablecoins seems to be trendy this year but I don't think they will be forever once people realize how centralized they all seem to be. Of all the 'stable' coins I would say that Ampleforth looks to be the most sound and one that looks to be the most successful in the future if we are trying to obtain a true decentralized form of payment.

[accounting 181293]

maybe. I see stable coins are popular nowadays, there are many stable coin projects that are hype now. but I don't think they will be able to be used as payments before crypto is fully legalized.

[terrorJR]

There is nothing stable in cryptocurrency, there must be a downturn, if you want to make money like money it's hard to understand

[takngantuk]

as long as they remain stable coins, I think that's possible. crypto currently needs something stable so that new investors want to invest in crypto. and in the future when crypto has been received by all countries, I'm sure stable coin will be used as payment. so it's only a matter of time for stable coins to become new money.

[JumperX]

Investing on stable coins are not the smart thought. They are concentrated and in the event that we picked up anything about incorporated undertakings, at some point or another they generally end up as a trick. It is commonsense to utilize those coins every once in a while particularly when you are moving between the trades however I wouldn't keep my life reserve funds in those coins.

[Buzhou]

That's what they want, but you call stablecoin from cryptocurrency is a lot of presumption!
Who said that Bitcoin's ambition is to be money? Whoever propagates this is an unfounded lie.
Because Bitcoin's ambition is simply to be Bitcoin and to provide endless possibilities in anything in life, that's Bitcoin!
Stablecoin is an initiatory way of putting at the head of the mass that Bitcoin is not the correct and true altenative.

[AgentZero23]

Stable coins are part of crypto revolution and it will be become an important asset for security purposes. Stable coins are created because the crypto market is unstable. And many investors would like to trade their ether or btc to TUSD or USDC to avoid further loses. Stable coin will have an important role in crypto, but it will not have a massive adaption compared to btc, ether, xrp and others.

[djkyno]

I don't think so, because there is no real difference, in my view, between fiat currencies and stablecoins, regarding their prices. It is good to buy or hold them because their prices are stable usually, but it is not going to increase highly like the other volatile cryptocurrencies.
This feature will not encourage so many people to trade them.

[No Pain No blood]

yes stable coin is new money. and it will be used as a global payment. Stable coins will eliminate the restrictions on FIAT.

[cryptojac17]

There is nothing stable in cryptocurrency, there must be a downturn, if you want to make money like money it's hard to understand

Yes there's no such stable coins like cryptocurrency, but if this money will turn to fast rising pump you will be able to enjoy the benefit it may bring to your life. If stablecoins will soar in the market,  the demands will also be lifted up and bounce upward with only minimal conditions that it will fluctuate, but suddenly fall off from highest price.

[andreibi]

Stablecoin is an ironic name. The peg is maintained by a central authority , which might also bend the rules. So basically you are trusting that your stablecoin can be redeemed.

[yingfeng]

I don't like Stablecoins. I do not understand how they are provided. I am not sure that Usdt will not be depreciated tomorrow.

[chocopapaya]

Stable coins are a very risky investment right now.
They are highly unregulated and audited.
In America, a stable coin is considered a security, yet so many exchanges use it even though it is not fully compliant.
The only one that I know that is legally operating is Gemini dollar.
So you run the very real risk of authorities stepping in the future and you losing your investment.

Also, a lot of these "stable" coins might not be stable at all.
Tether is the best example.  They finally got around to auditing themselves but it was done by a company that has no legitimacy and the findings were dubious.
A lot of the other stable coins have never even done that.
So whether each coin is backed up by a real usd, well, you are just going to have to trust them.
And from what we've seen, can you say that most of the crypto world is scam free?

[Hamphser]

I don't think so, because there is no real difference, in my view, between fiat currencies and stablecoins, regarding their prices. It is good to buy or hold them because their prices are stable usually, but it is not going to increase highly like the other volatile cryptocurrencies.
This feature will not encourage so many people to trade them.

Fiat and stable coins is never been stable.You do able to see that their prices isn't fixed they do move or changed but somehow it is only on smaller ranges but the thing here is that
Stablecoins is never be considered to be a new money.We might saw e-currency but not to these stable coins.They would just stick as they should be.

[Wildwest]

any stable coin can never be money, because of its legality in the world and it's the same as other coins, which only distinguishes price stability