What is your stance on stablecoins?

[ccryptopark]

https://www.theblockcrypto.com/2019/03/01/just-how-stable-are-stablecoins/?kid=X1BT1

I would like to know everyone's opinions on the different types of stablecoins and which they feel most aligns with the true goal of cryptocurrency. I know we are all familiar with fiat backed coins like Tether but where do you stand on cryptobacked coins or even algorithmic coins like Ampleforth?

[singlecrytpo]

I still have a difficult time wrapping my mind arund them personally

[bitkanu]

https://www.theblockcrypto.com/2019/03/01/just-how-stable-are-stablecoins/?kid=X1BT1

I would like to know everyone's opinions on the different types of stablecoins and which they feel most aligns with the true goal of cryptocurrency. I know we are all familiar with fiat backed coins like Tether but where do you stand on cryptobacked coins or even algorithmic coins like Ampleforth?

The only different thing from all of these stable coins there might be few stable coins have got audit and there are still some stable coins still not yet get any audit. Honestly, i don't like tether because it's lack of transparency.

[redsun114]

https://www.theblockcrypto.com/2019/03/01/just-how-stable-are-stablecoins/?kid=X1BT1

I would like to know everyone's opinions on the different types of stablecoins and which they feel most aligns with the true goal of cryptocurrency. I know we are all familiar with fiat backed coins like Tether but where do you stand on cryptobacked coins or even algorithmic coins like Ampleforth?

I think some people would prefer to have a stable coin if they want to make use of crypto for their day to day transaction, apart from this i don't think anyone would need stable coin because they are centralized to some level.

I personally make use of stable coin just for trading purpose to make peasy profit. For example, if i know there would be a dump in bitcoin, i just buy usdt and buy back btc when the price as dipped already.

[as9ardia]

Personally, I'm not really understand how StableCoin works. yet I'm not really interest to HODL stablecoin for long term.
But I just visit article that mentioned above, I see JP Morgan Coin, and honestly I Really Not Like JP Morgan since they said Bitcoin is Scam and they create they own Coin

[ajqjjj]

https://www.theblockcrypto.com/2019/03/01/just-how-stable-are-stablecoins/?kid=X1BT1

I would like to know everyone's opinions on the different types of stablecoins and which they feel most aligns with the true goal of cryptocurrency. I know we are all familiar with fiat backed coins like Tether but where do you stand on cryptobacked coins or even algorithmic coins like Ampleforth?

The only different thing from all of these stable coins there might be few stable coins have got audit and there are still some stable coins still not yet get any audit. Honestly, i don't like tether because it's lack of transparency.

In crypto platform we never expect the stable coins because decentralised Cryptocurrencies are purely transparent so you really like the Bitcoin as well. But Tether is a stable coins because it was purely depends on USD and this will never move to forward and backward.

[teilwalL05]

I don't really like stable coin in the market of cryptocurrency I don't really feel secure with them around, It might happen one day that one of that Stablecoin would become number 2 or worst number 1 in the markets, Well that is just my assumption because we keep on seeing they are always popping out of nowhere, And because they are backed by fiat money I don't really want to think that they can become a threat one day, Well for some reasons I just feel uneasy seeing them although they are good for trading, I say I still support the most decentralized one.

[laurencef34]

https://www.theblockcrypto.com/2019/03/01/just-how-stable-are-stablecoins/?kid=X1BT1

I would like to know everyone's opinions on the different types of stablecoins and which they feel most aligns with the true goal of cryptocurrency. I know we are all familiar with fiat backed coins like Tether but where do you stand on cryptobacked coins or even algorithmic coins like Ampleforth?

IMO, while the cryptocurrency market is trying to find a bottom after losing over 80 percent of its value since its year-to-date peak, stablecoins are getting more attention thanks to their ability to store value and smooth volatility noises. Currently, stablecoins represent the fastest-growing market within the cryptocurrency space, with several major coins of this kind being launched in the last few months. The payments industry is perhaps the key beneficiary of this emerging sub-market. Stablecoins enable merchants and consumers to rely on balanced prices that are not affected by the high volatility of the crypto market, as these coins are pegged to real-world assets, especially to the US dollar. Well, just my two cents on this. Better get going as I resume my live poker sessions. Best of luck!

[rosezionjohn]

I don't know. Some say stable coins have their own place in the cryptocurrency market. I've even read that it will increase the chances of mass adoption since it's not volatile. Non-crypto people are more likely to accept it.

[geminiboy]

stablecoin in my opinion a coin that does not have involvement in the value of bitcoin, stablecoin is a coin for the most stable investment so it is safe to invest but a little to make a profit

[joshv06]

If there is something like stability in cryptocurrency I am sure a lot of countries would have show green signal to cryptocurrency, also most countries would have replaced fiat currency. The reason behind such topic is downfall in the market which is suppose to be okay very soon. Crypto is famous for its high volatility not for stability.

[RandomHodler]

I think some of usd based stablecoins have problems with transparency and with volatility on some exchanges.

Also it’s not trustful that there is few usd based stablecoins with similar idea, because people need only one and i think others who create similar projects wanna get some money and that’s all, they don’t care about blockchain, it’s sad!

[qazgroup]

For me the only use for stablecoins is shopping and also it can be good choice when you want to exit the crypto market you can always sell your portfolio for fiat back stablecoins just when you feel long term bears are coming and then again buy in to crypto when you feel bottom is around this strategy can yield huge gains if goes right.

[Lakai01]

If cryptos want to be accepted as currency by banks and big companies we definitly need stable coins. Such companies transfer millions of dollars per day, they have no interest in losing money by the blink of an eye due heavily varying prices.

[RandomHodler]

Soon they will add decentralized data storage company, which is using centralized architecture to store data, and already scammed people once.

[Nivia1st]

https://www.theblockcrypto.com/2019/03/01/just-how-stable-are-stablecoins/?kid=X1BT1

I would like to know everyone's opinions on the different types of stablecoins and which they feel most aligns with the true goal of cryptocurrency. I know we are all familiar with fiat backed coins like Tether but where do you stand on cryptobacked coins or even algorithmic coins like Ampleforth?

I think stable coins are indeed good and are needed to stabilize the crypto market. but too many stable coins, I think that can make it unstable. so it's already quite stable coins that are on the market today and don't add them anymore. and I'm still convinced that stable coins are the only hope for mass adoption. all of these exact countries use crypto but nothing is stable. that is why stable coins are the fastest way to implement mass adoption.

[semobo]

Stable coins are really helpful for the traders to keep their profits when the prices dumps but I don't see anything better on the stable coins which may not attract the investors to use it.

[jjbanks994]

I think stable coins are good in the sense that it's easier for people to understand a 1:1 ratio especially when adopting an entirely new currency.

[Huntler1993]

Stable coins are not coins with fixed price nor good prices on various exchanges. For me stable coins are those that have been in the system for long and have built some sort reputation by itself.

[mrdeposit]

Stable coins are not coins with fixed price nor good prices on various exchanges. For me stable coins are those that have been in the system for long and have built some sort reputation by itself.

Stable coins are the most important assets that can be useful for traders unless they are scam. Because, after exchanging the currency, it was necessary to exchange it to fiat to keep it stable. But, the existence of these causes less processing to keep the money stable.