DO WE REALLY NEED MORE STABLE COINS?

[auntyjmary]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

[1715653585]

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[jorenpo]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.

[WAYToken]

I think it is enough that market has already. New stable coins do not offer anything fundamentally new, just drag off a piece of blanket...

[OneManZerg]

imho stabels coins needs for pumps. Compaines create stable shit, sell bitcoins and other crypto in pair with stable coin(or maybe they have enough stabels at start). After that they can pump any crypto

[Lagduf]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

Have you seen all of the flaws in tether?
Have you seen the latest announcement that already created by tether company? it looks very interesting thing for watch dude. I suggest you read it and see how the stable coin can be manipulated so easily.

[bitcoin31]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.

Once we have more stable coin in the cryptocurrency I think it can help to increase the value  of the cryptocoins.
Maybe for the othee people having new stable coins is not good but it is really better if we have that.

[mrdeposit]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

As there are no regulations on this subject, there is nothing we can do about it. Actually, there is noone to force you to use any of this. You just pick which you want. There are already dozens of money for each activity. lol

[maculeth]

this is a dilemma because we need coins that are always volatile so that our investments bring profit. but on the other hand, stable coins are needed to make crypto an effective means of payment and avoid extreme price reductions. in your opinion, which should be a priority?

[mcnocon2]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

No, I don't think we need more stable coins. Almost every stablecoins out there have the same purpose. I really don't like the trend today that companies keeps on creating more and more stablecoins which is not good in the crypto space.

[akungagal]

i think it depends on everyone's interests,
but i am not very interested in stable coins. some people prefer the presence of volatility including me. it is indeed risky but it is more profitable, if we are in the right decision.

[Darker45]

We actually do not need a lot of them. I do not understand why several stablecoins are created one after another. For me, it is actually more than anough to have a couple of reliable and really fiat-backed stablecoins where we could possibly park our crypto ownings whenever we need them. However, perhaps a lot of people need them for money remittances especially from one far country to another. And that is also perhaps why some banks are now creating their own stablecoins.

[martina14]

It will be just another number of coin in the market.
What we have now is too much or enough, stable coin are meant to be there just for the stop over of the people.
yeah, this stable coins are the choice to have if we are seeing that the market is incliding and we have no cryptocurrency to chose.

[engcoykris]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

as i understand, tether is a stable coin maintained by binance exchange.  it's natural that other groups would also want to introduce their own stable coins.  this is much like fiat currency where each country introduces its own currency.  this is to have more control on the currency if you own them.  i can see that this is going to be a trend that we will have different stable coins in the future, not only tether.

[Adriano2010]

I think there are enough stable coins for now, and who want to keep money there or to buy bitcoin when the price goes down, but maybe in future will be created more stable coins.

[wayaneka]

I think if that stable coin has fully regulation and auditable, so more stable coin is good for this crypto market because the benefits not only to use for trading but also can be to use for daily transaction to buy good and service because not all crypto holder like to buy crypto because the fluctuacion too high so stable coin will help to avoid high volatility and crypto adoption will more exist.

[Lumi3004]

Not the stability of the coin needed, the price of one of the most prominent coins in the main market, whether the coin is listed or how investors glance at the coin, this is the problem,
for now I think coins are stable on the market, of course, according to the development of cheap or expensive markets. But for now it's cheap and stable.

[meldrio1]

we don't need more stable coins we can not earn from it, traders can make money because of volatility of cryptos, we don't need more of that tether is enough.

[n0ne]

Corporate networks that fear of the technology might come forward creating their own stable coins. The present market has got more than enough stablecoins that meet the needs of the cryptocurrency users. Few of which were the USDT, TRUEUSD, Paxos, StableUSD and this goes on.

[Pffrt]

why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.

For a trader, stable coin is much needed because after all, profit is the only thing which is considered by a trader. Imagine, I have bought 1 BTC @$4k and current price is @$10k. I have $6k profit if I sell instantly but since BTC is highly volatile and not every country has btc/fiat optio,, we can alternately use stable coin to keep the profit. That's why stable coin is required but I think we have enough stable coin in the market and we don't need further.

[april08]

For the industry to grow more, we really need more stable coins. Trust is necessary in business. Stability of more coins will boost the morale of the investors.

[wuvdoll]

Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

Anything will be possible as it is a free and open markets and I am personally expecting there would be 100s of stablecoins in coming days. But, their application on real world would be the question and I am not sure other than acting as a store of value, these coins are not providing any exciting feature from a common investor perspective.

How you are connecting stablecoins with volatility of crypto markets. I am not seeing any relevant to these two things as stablecoins has nothing to do against market volatility in my understanding. I like to learn more on this in the case that I am missing out so far.

[steveabrahams]

Actually we don't have any stable coins in cryptocurrency, even popular cryptocurrency like bitcoin is not that stable. The price always changing every seconds every minutes. Tether/usdt koin is stable coin though lol, but i'm agree i think we need a stable coin that the price always stable, not changed.

[Lakai01]

Stable coins are exactly that what crypto currencies were in 2017. We had hundreds of coins with nearly the same functionality and no one needed. Only a few survived and are still used and I am sure that will happen to those stable coins, too.

[tenakha]

We already have USDT, USDC and True USD.  There is enough stable coins.  Perhaps, the government should come up with their own cryptocurrencies and we can always deposit this into crypto exchanges to start our trade, instead of going through a third party to convert fiat to Bitcoin.

In crypto world everything can develop as it wish because of regulations. However, this creates a better way for the more robust ones to move forward. Those who are not already needed will not live long, so it does not matter.

[Ararbermas]

why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.

yes that's true that investors always looking for a coin that so volatile which is in order to make a profits and to double their capital. So definitely we don't really need a stable coin in the market because it's useless and it can't help us to become profitable and we can't even make a cents on it. 

[coco23]

We already have USDT, USDC and True USD.  There is enough stable coins.  Perhaps, the government should come up with their own cryptocurrencies and we can always deposit this into crypto exchanges to start our trade, instead of going through a third party to convert fiat to Bitcoin.

Well, stable coins are not necessarily cryptocurrencies. But I agree that goverments or big corporations should create their own stablecoins. Those coins would gain a higher trust if they are backup by a large authority.
The situation we have now with more and more stablecoins coming is confusing. Also it will be only a matter of time until the first stablecoin collapses due to a theft or a bankruptcy.

[DoublerHunter]

why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.

yes that's true that investors always looking for a coin that so volatile which is in order to make a profits and to double their capital. So definitely we don't really need a stable coin in the market because it's useless and it can't help us to become profitable and we can't even make a cents on it.  

We still need stable coin like USDT, you know why? Because for example, bitcoin went down and of course altcoins swinging their price too because of bitcoin movement. Then at that time, you can divert into USDT from bitcoin to cut your possible looses which USDT is stable and it can help you when you are in trading.

[Menawi12]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

I think anyone or any institution can make their own stable coin as long back up by fiat money in banks. Its hard to reduce volatiling price in market because its free market and anyone can sell or buy instantly. We can not control what people do with their own coin because its his right.

[septi.JR]

of course, stable coins are needed, with stable coins. This convenience is expected to be able to be applied to maximize some functions, such as payments etc. Crypto traders really like the constant and fast price swings. Benefits can be obtained in a short time, but losses also appear no less quickly. While traders like high volatility in the crypto market

[kawetsriyanto]

Actually, there are some positive and negative sides of the stable coins.
However, so far, what makes many people interested to invest in cryptocurrency is about the volatile characteristics, that can lead them to gain more profits. The presence of stable coins may be the choice when the bear market is happening, it can decrease the consequences of losing more money. However, on the other sides, when it is bullrun someday, how's about the value of stable coins?
However, yeah, stable coins may be also needed in order to be a certain transaction or financial system.

[Herbert2020]

what we really need is a decentralized stable coin that is at least stable 95% of the times. so far we do NOT have anything like that. all we have are centralized stable coins most of which aren't even stable or trusted to be used.
so we don't need any more of the same thing and there is no point in creating new coins that are exactly the same as what we already have. they will simply fail like any other copycat coin so far.

[killat]

I think we need a more stable market overall,  not more stable coins. There are already several stable coins on the market that people can use to keep their funds during market' turbulences. Why would anyone need more?

[thaliaand]

Actually, there are some positive and negative sides of the stable coins.
However, so far, what makes many people interested to invest in cryptocurrency is about the volatile characteristics, that can lead them to gain more profits. The presence of stable coins may be the choice when the bear market is happening, it can decrease the consequences of losing more money. However, on the other sides, when it is bullrun someday, how's about the value of stable coins?
However, yeah, stable coins may be also needed in order to be a certain transaction or financial system.

I agree with you. Each conditions have its positive and negative impacts depend on which part you are taking part. As investors (long-term), stable coin is needed in order to maintain its project/platform in certain purposes such as financial services or transactions. Meanwhile, the volatility of coins in the market will be the opportunities for active traders in regard to gain profit.

[awik p]

Actually, there are some positive and negative sides of the stable coins.
However, so far, what makes many people interested to invest in cryptocurrency is about the volatile characteristics, that can lead them to gain more profits. The presence of stable coins may be the choice when the bear market is happening, it can decrease the consequences of losing more money. However, on the other sides, when it is bullrun someday, how's about the value of stable coins?
However, yeah, stable coins may be also needed in order to be a certain transaction or financial system.

I agree with you. Each conditions have its positive and negative impacts depend on which part you are taking part. As investors (long-term), stable coin is needed in order to maintain its project/platform in certain purposes such as financial services or transactions. Meanwhile, the volatility of coins in the market will be the opportunities for active traders in regard to gain profit.

but unfortunately because of the decentralized system, it is difficult for us to get a stable coin for a long time. except maybe the bitcoin holder has spread throughout the country, so it's difficult to manipulate

[CryptoLogo]

Stable coins are a tool to manipulate the market. We have already seen market manipulation with stable coins. Do you want more similar?

[Ifemini]

We already have the likes of TrueUSD (TUSD), USD Tether (USDT), Bitcoin Air (USDAP) and other examples of stable coins; we do not need more any longer

But this is a decentralized ecosystem and anyone can come up with another form of token any time

[Malam90]

We already have the likes of TrueUSD (TUSD), USD Tether (USDT), Bitcoin Air (USDAP) and other examples of stable coins; we do not need more any longer

But this is a decentralized ecosystem and anyone can come up with another form of token any time

Yes, few tokens are stable that you have said. I think there is no stable coins beside these (TUSD, USDT, USDAP) in coinmarket. Any coin or token is unstable, price are always changeable.

[Kadal Ijo]

There is no stable coin, this is because the marketcap is still small, if the marketcap can reach $ 100 trillion it might go up and down the price will not reach 1% per day, anyone is easy to pump and dump if the marketcap is still small.

[Petchant]

I think we need them even if it's only for hedging. Also Stable coin will be effective for an ecosystem that wants to operate in the traditional market and with it, users of the platform will be able to edge the platform utility token against normal crypto volatility.

[Cellerex]

I think that cryptocurrency will be very low in the future. The current pump and dump will go down in history. Most likely, the future of cryptocurrency will be relatively calm and predictable. Therefore, the primary capital accumulation phase is now underway. Therefore, I advise everyone to invest now in cryptocurrency while prices are very affordable. There are many projects in the market that are really worth investing in. And well-known top projects and promising newcomers such as Sound Money Coin.

[ePesoInitiative]

The market will dictate whether we need more stablecoins. In the end, the ones with the most adoption will take dominance in the end. Only time will tell. But this is a free market after all, anybody can take a shot at making new stablecoins.

[nutriagrigia]

The market will dictate whether we need more stablecoins. In the end, the ones with the most adoption will take dominance in the end. Only time will tell. But this is a free market after all, anybody can take a shot at making new stablecoins.

why do they still do. we have some very good stable coins! For what to do even more. people get confused and the market becomes more difficult for everyone

[Teknisi88]

In the crypto world everything can be obtained including coins that can be stable through several promising projects, only now is it very difficult that we also get a truly promising project with stable coins.

[Collinberg]

There are hundreds of currencies worldwide and there is one fact that we all tend to.forget... 'Stablecoins are not just US Dollar pegged coins".
I want to see an era where stable.coons are available in all conceivable.currency worldwide so that people can transact with stablecoin that matches their local currency in price, I think this would go a long way in boosting worldwide cryptocurrency adoption.

[Script3d]

Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

I think yes, if they comply the needed regulations and they need approval from the regulators, the volatility of cryptocurrency will not reduce since Stable coins aren't really crypto by the law, it will not affect the performance of cryptocurrency.

[crzybilly]

No we do not, but people that are developing stable coins are earning huge money by bringing such coins on the market. But in my opinion five or six stable coins are more than enough to represent the market conditions.

[mersal]

The market has enough coins but there is no convenient attraction for the investors that's why we need to search and receive the new currency is again and again but there is always a huge things waiting for us so using them will be the right area so don't expect new coins.

[e@symode]

I do not see the point in this, although probably if, as usual, to look from the point of view of a situation that would talk about decentralization and competition, then of course we need a lot of similar projects. But still, the community itself decides who and what.

[labenea]

We already have the likes of TrueUSD (TUSD), USD Tether (USDT), Bitcoin Air (USDAP) and other examples of stable coins; we do not need more any longer

But this is a decentralized ecosystem and anyone can come up with another form of token any time

Yes, few tokens are stable that you have said. I think there is no stable coins beside these (TUSD, USDT, USDAP) in coinmarket. Any coin or token is unstable, price are always changeable.

It is true that the market is not regulated and coins can change at any time including what you have mentioned. I think there is no stable coin, the market is always active, investors / traders always buy and sell so there is no stable price movement on the market.

[pinkpanther03]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.

I beg to disagree. We need stable coins for cryptocurrency to go mainstream. It would be very hard to achieve if coins are really volatile in nature. As of now, while cryptocurrency is too young, volatility is highly expected. But, as time passes by, we need coins to be stable just like the price of US dollar and gold.

[Aligab166]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

I have often wondered of the need to creating more stable coins. For example, PAX and GUSD were both launched the same day which I believe were both not even necessary since there are already existing stable coins.

[Kodok Bencot]

If it is stable then it makes people not interested in investing in crypto, I am sure that volatile prices provide an opportunity for us to get big profits, the most important thing is that we understand risk.

[Fumzy]

Stablecoins will lead us on the road to a positive financial revolution, since it is practically cheaper, easier and more reliable when it comes to exchanging cryptocurrencies instead of using fiat

[ujinice]

I think it will be enough only one stable coin that is provided any of the backup Fiat money. The number of stable coins will not affect the volatility.

[Tomcolor]

In my opinion, it will all expect because of stable trading, it is possible to get more profits by trading. i think which is people do not understand risk moment, they will be good for them to be stable coin.

[bartolo]

What are these stablecoins exactly necessary for? For traders and merchants? Traders have already access to fiat money in almost any exchange so they don't really need to buy these coins, and I don't think merchants will be really interested since these coins don't have a big community behind them and they are managed by entities or companies, so they have to trust in those entities.

[proTECH77]

The market will dictate whether we need more stablecoins. In the end, the ones with the most adoption will take dominance in the end. Only time will tell. But this is a free market after all, anybody can take a shot at making new stablecoins.

why do they still do. we have some very good stable coins! For what to do even more. people get confused and the market becomes more difficult for everyone

Many at times, people think that coins are not stable but the question is: are we not experiencing or seeing stable coins in the market? the market current price show element of stability, which come to a conclusion that most coin in the market are stable. Categorically, even though not a good choice for the market, we need stablecoins in the market to curb it volatility.

[abake]

There are already enough stable coins serving its purpose, but more and more keep entering the crypto space. I noticed that institutions/firms including banks who run crypto projects will likely have a stable coin. Well, it gives more assurance with regards the dwindling crypto market, talking about volatility. In my own opinion, the stable coins don't really have any negative effect, they help traders to reduce loss.

[Denton]

Crypto is slowly moving towards this. It will be adopted in many countries and many will want to have a stable currency in order to be able to pay it in everyday life. Therefore, perhaps we are waiting for such a future.

[crzy]

Crypto is slowly moving towards this. It will be adopted in many countries and many will want to have a stable currency in order to be able to pay it in everyday life. Therefore, perhaps we are waiting for such a future.

Stable coin can make this market more stable and attract more businesses to adopt. Well, so far there is no stable coin at the moment since we are on the sideways but yes the future is still bright and we can still expect more good coins to come. Shitcoins should also be eliminated for good.

[muncuss]

Tether is so flawed but we have another stablecoin which can serve its main purpose. New stablecoin add more variety and advantages

[Grenee]

i really love this question, we all know how market is presently, and how some icos scam people.we really need better coins that will be very better than all the shit coin listed on exchanges.my opinion is before icos we need strong backup to back the project, not just forming some gangs and start advertising what is not it to fellow human being. people are tired of blockchain , complain over complain.we really need stable coin like eth, btc, litecoin,xlm, i think it will add more value to crypto and then give hope for future

[Rapidgator]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.

Yes, but also we have to remember about some liquidity which is needed in cryptocurrency and which more and more stablecoins can provide for many trading pairs.

[pixie85]

We don't need stable coins at all but if we have 1 we should have more. I know it's a strange explanation but this is the truth.
We don't need them because people should be able to spend fiat not hide behind tokens that are centralized and backed by words. We saw how much these words are worth when usdt said they aren't 100% backed.

We should have more coins to allow the market to weed out liars and scammers. This is impossible without competition.

[powerman24]

If we want mainstream adoption of crypto then we need  stable coins as merchants would more likely to deal with it, rather than with volatile coins. How many of them is optimal the market will decide.

[Airbuxf]

I think there is a place for stable coins too. Many mainstream people still have  some trust to governments and are afraid of crypto,
 this way if they will be forced by situation to use stable coins, 1 or 2% maybe interested in normal cryptos.

[salad daging]

the more coins are stable the crypto value will tend to be the same as the conventional currency, I mean that in the end there will be no coins with expensive prices because when the bearish market people will go to stable coins and the impact of major coins like bitcoin and ethereum will be difficult to recover to high prices again

[Maamejane]

More stable coins at this current dip is needed to bring back people hopes and confidence. It will really tell a lot  and make many aware that the current dip is just a matter of time which will recover at anytime soon.

[cahbagus555]

If we want mainstream adoption of crypto then we need  stable coins as merchants would more likely to deal with it, rather than with volatile coins. How many of them is optimal the market will decide.

I am prefer thinking stable coin is good if we trading in market. Holding stable coin when market drop is an opportunity to accumulating bitcoin or others coin. More stable coin is good i think, because more supply money in market

[jazmuzika217]

No need more stable coins because theres a lot of stable coin in the market all we need is a good project that can run for long term. But personally if we add more stable coin some  investor can go on to cryptoworld because it have a chances tobe stable.

[khufra]

I have a feeling that the reason why BTC and other major altcoins cannot go fully bullrun is because we to have so many altcoins already. BTC needs a very strong buy in order for it to go up.. But how come it will go up if people are dumping or selling bitcoin to buy shitcoins.

[DainSLane]

For me i do not like stable coins i had like the coins is being ups and down in crypto market most of the investors can choose to buy of which coins in dip prices are going to be rising up their prices soon, it is more getting exciting if their is not stable coins.

[binhvo1505]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

instability will never stop despite many stablecoins. I think the stablecoins should only stop at 5-10 coins. The developers of stablecoins will all fail because our market is still quite small now. Stablecoin is just a place for investors to avoid the storm of crypto market. so we don't need too much.

[JeffBrad12]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.

Yes, but also we have to remember about some liquidity which is needed in cryptocurrency and which more and more stablecoins can provide for many trading pairs.

Indeed but those stable coins must be audited to avoid there will be more manipulation like what has already done by tether and its company. Stable looks good as long as it will be backed by real money and it's not only a crap statement created by foundation.

[radjie]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

many people benefit from cryptocurrency because price movements always change so fast, even though investing in cryptocurrency has a very large risk but with a decrease and increase in market prices can provide satisfaction to its users. if the coin we choose as an investment asset has a stable value, then chances are we will not benefit from it and the money we invest into it cannot develop its value, or it can be said that it only saves money by exchanging it into coins

[george_hured]

In this there is an extremely competitive need, everything else does not matter as you understand. Therefore, I can say that today as a whole there is no need for this, one that would really be necessary.

[devinks]

For me i do not like stable coins i had like the coins is being ups and down in crypto market most of the investors can choose to buy of which coins in dip prices are going to be rising up their prices soon, it is more getting exciting if their is not stable coins.

it's true because coins are stable it will be difficult for us to get big results and it will be difficult too we get a cheap price, so in my opinion it's better to choose coins that often experience increases and decreases

[hardinero007]

i think there would become a trend for more stable coins in the near future.  as governments explore the possibilities of using crypto and blockchains, they may eventually create their own stable coins which will be pegged to their own national currency.  these stable coins will then be used simultaneously with fiats on 1:1 conversion rate.  imagine having many countries each having their own crypto currency.

[aprilnot]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

I don't think we really need it. no one can get profit if the price is stable. it might be suitable for payment but not for investment.

what is needed is a developing coin, it will make the price go up. and maybe this is an irony but volatility is one of the things that makes crypto popular

[Wildwest]

I don't think that will affect the violation, it all depends on the market conditions and the price of bitcoin because bitcoin has an active role in the influence of altcoin

[futile-resistance]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

He is much right, we need much stable coins, especially on the existing ones, what we don’t need is more new coins, we need more stable coins that will allow the major function of cryptocurrency to be realistic, the volatility of the market is really making it difficult for so many adopters using the system other than investment but for other purposes.

Imagine now that I introduce my staff to cryptocurrency and chose to be paying their salaries with it, if the coin I am using is not a stable one, then there is tendency of everyone pulling out their funds immediately without thinking of Holding or saving it because of its volatility. So, more stable coins will bring about less volatile market.

[SistaFista]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

I think there is no need to create more stable coins as they are already exist in the cryptocurrency world.
Stable coin like USDT alone is enough to be used for investing, trading, or buying other coins.
The volatility of stable coin won't reduce, if they really backed by real money.

[semobo]

Stable coins can't be really considered as crypto currency, anyone kniws about USDT's recent policy update? Which is the most used stable currency but they can be able to make any changes when they want to if you are holding it means you are risking your money.

[Ostonian]

We have enough stable coins. Suffice it to say, if you take coins from the top ten of the rating, they have huge trading volumes on the exchanges. Most likely, we lack new investments that will raise the market from the bottom.

[shoreno]

Stable coins can't be really considered as crypto currency, anyone kniws about USDT's recent policy update? Which is the most used stable currency but they can be able to make any changes when they want to if you are holding it means you are risking your money.

So are you saying that those coins are centralized and controlled by a government or something ? Oh i thought that those stable coins such as usdt are still a kind of crypto .

hmmm , anyway there is nothing wrong if devs will create more stable coins infact that will be a good so that we people will have more choices .

 its also a good way for other devs to earn extra income because stable coins were also becoming indemand nowadays due to the increasing volatility of cryptos  .

[semobo]

Stable coins can't be really considered as crypto currency, anyone kniws about USDT's recent policy update? Which is the most used stable currency but they can be able to make any changes when they want to if you are holding it means you are risking your money.

So are you saying that those coins are centralized and controlled by a government or something ? Oh i thought that those stable coins such as usdt are still a kind of crypto .

hmmm , anyway there is nothing wrong if devs will create more stable coins infact that will be a good so that we people will have more choices .

 its also a good way for other devs to earn extra income because stable coins were also becoming indemand nowadays due to the increasing volatility of cryptos  .

Yes it is centralized and controlled by someone,so all we have to do is support the decentralized cryptos.Why we need to help the devs to make money they are making money from nothing so just don't have to support them it is just have to be used for trading purpose.

[ethereumhunter]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

I don't think we really need it. no one can get profit if the price is stable. it might be suitable for payment but not for investment.

what is needed is a developing coin, it will make the price go up. and maybe this is an irony but volatility is one of the things that makes crypto popular

I think if there are new stable coins, people will have another option from the existing stable coins so they can select which coins that will fit them. Besides that, I am sure that every stable coin will their advantages and disadvantages, so if we could choose the coin with bigger advantage then we can hold it, and we can use it for buying bitcoin or altcoin when the price is down.

I think many people will think to create a new coin and it will happen in the future, and it could happen too with the stable coins. I am sure that there is one group that think to create another stable coin because they can see that the existing stable coins have the disadvantages and they want to minimize the disadvantages by creating a new stable coin.

[talkbitcoin]

IF more coins meant more different coins with different features and aspects then the answer could have been yes. the more the merrier but when the reality is far from it, and instead of seeing different coins solving different specific problems that other stable coins fail at, we keep seeing the same things with a different name that are either as bad as their counterparts or in some cases even worse then the answer is no we don't need any more of them.

[manfredmann]

There is no actual stable coins in the market because all of them has volatility especially those coins that has huge market cap volume. Anyway, if you think that do we really need stable coins in the market then the answer is yes. This coins will determine how market will going to go high for once an invest in that coin there is no way that he/she will going to sell directly due to the fact that coin is stabilize and it does avoid investors to get panic and do panic selling.

[pics4crypto]

It seems to me that this is just not realistic yet. Cryptocurrency can not just be physically stable. Maybe just this time has not come, maybe later everything will be.

[icalical]

No, we don't need more stable coin, there are already 3 or even more out there. In fact, it might be an unpopular opinion but I think we don't need any stable coin at all in the market. We already have USD pair, in many exchanges so why do we need a stable coin?
And not to mention that most the company and project behind the stable coin are doing shady activity.

[Wyndesam]

I really don't want us stable , the market for cryptocurrencies like all due to the fact that it is possible to earn huge money and I think volatilnosti should be on it!

[Malam90]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

Already we have many coins that are stable. I think we don't need more stable coins right now. But if new and stable coin comes in the market, we will welcome it.

[jumiapaul]

I personally don't see investors benefitting from holding stable coin, unless there are dividend given to holders. Stable coin could be important to caution the effect of the volatility of many crytocurrency.

[LegendOF45]

Now there are 2 coins that have a fixed and stable value, namely: Tether and USDC, but in my opinion this is not needed because crypto should be decentralized so that it is not worthwhile so that we can get big profits if demand continues to increase.

[TastyChillySauce00]

Now there are 2 coins that have a fixed and stable value, namely: Tether and USDC, but in my opinion this is not needed because crypto should be decentralized so that it is not worthwhile so that we can get big profits if demand continues to increase.

it's just an option though, there's no forcing to use all these stablecoin, their existence also to make people more conveniently saving their wealth so they are somehow still needed. Although you are right with the idealism that the cryptocurrency initially carry.
it seems as the time goes, that ideal is fading and people are finding the most suitable solution for their own financial.

[TooDumbForBitcoin]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

Well. In this case you can diversify your holdings in a large range of stables and  do not worry (or have less worries ) about stability

[BaigAuditor]

In the crypto world everything can be gotten including coins that can be steady through a few promising undertakings, just presently is it exceptionally troublesome that we likewise get a really encouraging task with stable coins.

[kidbounty]

for now the community does not need stable coins. the reason is because the market still needs growth to be coins that have volatility preferred. stable coins it's hard to make a profit.

[trade2winnn]

Of course,the more stable the tokens,the more stable the market,but one thing is clear that there are situations that clearly or indirectly affect the market,that even stable and strong projects can not keep the balance,and they begin to twist from side to side,and there are many forces involved,including manipulators

[sarmrakib]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

we can see lots of stable coin in the future .we have many stable coin on the market i thinks those coin are good to trade .

why do we need more stable coin?.

May be he needs more stable coin to increase his strategy and something new to show his friend concern .

most of the investor invest because of it.

Yes its a good point .Most of the trader trade on crypto platform as it is high volatile and easy to make profit .So i think there will be nothing need to reduce the volatility.

[miklesm]

I think we do need stablecoins as they make it easier the process to swap cryptocurrency to fiat equiwalent, but it is enough to have one stablecoin if it is 100% backed by USD and regulated by the govenment.

[Runbitup]

I think we do need stablecoins as they make it easier the process to swap cryptocurrency to fiat equiwalent, but it is enough to have one stablecoin if it is 100% backed by USD and regulated by the govenment.

In my opinion, there is no need for too many stable coins in the market because it can delay market development because people will use stable coins more often because they are safer and transactions will definitely decrease.
so I think it's quite 3 stable coins on the market.

[guoyu78]

No need more stable coins because theres a lot of stable coin in the market all we need is a good project that can run for long term. But personally if we add more stable coin some  investor can go on to cryptoworld because it have a chances tobe stable.

But, with stable coins in the market, cryptocurrency will be able to achieve the main purpose of which it was created, stables coins will make the market less volatile and people will start using crypto currency for other things it meant to be used for like payment and so on, it will also make cryptocurrency to be qualified for store of value.

Many people will be confident in holding it as digital asset they can rely on for storing for future and as saving. Many of us against stable coins now is because of what we are benefiting from the volatile market and probably because we see it as investment alone.

[Kiweikoo]

I personally don't think we need more stable coin for now in the market because the truth is that all of them has one purpose which is to look like fiat but yet still be a cryptocurrency that don't need KYC in order for one to make use of it, I think only one stable coin is very much okay for the market though as we all know that the crypto market is a free market and everyone has the power to come up with any kind of project they want without being questioned since the blockchain is owned by no individual or government.

[pixie85]

for now the community does not need stable coins. the reason is because the market still needs growth to be coins that have volatility preferred. stable coins it's hard to make a profit.

We do need stablecoins and their popularity proves it. They are being used every day by thousands of people. The problem with them is that we can't trust some of them and if one shows that it's vulnerable or shady people would have something to turn to.

USDT is still very popular even after they admitted to not having all the money to back up their coins. Who knows how much they are making out of nothing.

[Golstrim]

Yes, we do need more stable coins and from my point of view there is a reason to create euro coin as long as a lot of people use this kind of currency.

[CryptoKush]

I think that stablecoins are useful and improve the interaction of cryptocurrencies with fiat currency. By this, I think that in the future there will be a lot of new stablecoins/

[Indrawan77]

I think we got enough stable coin, tether already really useful, we do need some but we don't need a lot, volatility is the part of crypto, investors and traders like crypto because the price fluctuate a lot, so they can make profit and when the market situation is not supportive they can put the money into tether to avoid huge lost

[crenfrosck]

It depends on your definiton of a "stablecoin." It can be backed by fiat, other currencies or precious metals. However, a "stablecoin" is a myth. Nothing is stable in comparison with other commodities or assets as the free market decides what is more valuable at the current point. We can look back in the past when silver was a payment unit: its price decreased unbelievable even though it can not be created from a thin air: supply is limited and price fell down. Demand is to blame for this. In conclusion, I do not want to look like I am against them: in fact, I am in for as many of them as customers will demand. Freedom of choice is the best answer in a fast-changing environment of a modern world  .

[VanDeinsberg12]

It depends on your definiton of a "stablecoin." It can be backed by fiat, other currencies or precious metals. However, a "stablecoin" is a myth. Nothing is stable in comparison with other commodities or assets as the free market decides what is more valuable at the current point. We can look back in the past when silver was a payment unit: its price decreased unbelievable even though it can not be created from a thin air: supply is limited and price fell down. Demand is to blame for this. In conclusion, I do not want to look like I am against them: in fact, I am in for as many of them as customers will demand. Freedom of choice is the best answer in a fast-changing environment of a modern world  .

Well it is true that stablecoin itself actually is not stable but atleast it has fixed value to the commodities or real currency so that the volatility is not too much. That alone already helps alot of people saving their wealth rather than having the uncertainty of the market fluctiation.
it is always better than nothing right? the existence of stablecoin itself actually doesnt hurt the overall cryptocurrency market.

[daniel2023]

Competition bring the best in the market. When you know that someone want to overtake you; you will sit up. Mores stable coins will be a welcome development.

[kevinex]

Competition bring the best in the market. When you know that someone want to overtake you; you will sit up. Mores stable coins will be a welcome development.

I'm not sure there will be a stable coin. the crypto market may be very fast moving, compared to other investment markets. if you want to invest in a stable asset, maybe gold is the best choice for those of you who don't like risk.

[jakelyson]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

I am sure we do. It will invite people to trust cryptocurrency if they see that there are a number of coins that is stable and not fluctuating all the time. It can also mean that those coins have real value because of their technology and more people are trusting them. It is just like mob mentality, they see a lot of people trusting crypto so more will be attracted to trust it. This will further stabilize the market for crypto.

[yakushev]

We certainly need stable coins, high-quality, fast, with a strong team, but in a large number of such projects, I do not see much sense, 5-10 pieces would be enough in full

[Litzki1990]

If we want the cryptocurrency being more popular in crypto industry we do not need stable coins it is because the traders and investors they will not getting any profit from stable coins, we need the market volatility so that we can buy cheap and sell high.

[10BTCaDay]

If we want the cryptocurrency being more popular in crypto industry we do not need stable coins it is because the traders and investors they will not getting any profit from stable coins, we need the market volatility so that we can buy cheap and sell high.

sounds like a cryptocurrency trader's dream. And so it sounds very easy, but in fact it is not easy

[UniversityCoin]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

Not. We do not need stable coins, because they all turn out to be not stable, but some kind of shit. They cost exactly a dollar so long as you don’t need it, and as soon as you buy them in order to save your money, they immediately begin to fall in price. I already got into this situation, so I do not believe them.

[kkaroul4]

if the coin is stable I don't think but what I need is a stable market because if the coin is stable it will make it difficult for us to get the price of a coin at a low price and also difficult we get a big profit if the coin is always stable

[puremage111]

I think the purpose of stable coin is mainly for hedging purpose
Do we need more? No
But we do need a more transparent stable coin with great policies to protect investors

Is USDT good? imo no, from most of the news i read, seems like their coin is not backed by enough of real USD
One of the good stablecoin i seen recently shall be TrueUSD
It seems to offer more transparency

[Stavri]

i dont think so. stability is not a feature of crypto market. if someone needs stable currency, he can buy gold or keep usd. but in crypto volatility is so high that is why many people invest in crypto market.

[chanc3r]

i dont think so. stability is not a feature of crypto market. if someone needs stable currency, he can buy gold or keep usd. but in crypto volatility is so high that is why many people invest in crypto market.

Your statement is exactly why stablecoin exist its main function is to provide you a digital version of USD or GOLD because USD and GOLD are not digital things so exchanging from crypto to USD or GOLD will be a pain in the ass.
Stablecoin exist to fill that gap and they seem to be really succesfull at that.

[hell_slayer]

I think that the phrase “the more the better” is not applicable , when talking about the stablecoins. The market would have had one or two 100% reliable coins. The main thing is that the coin is stable, and does not fluctuate in price by 10-20% as it sometimes happens with the usdt.

[vixcious]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

I think there will be no more stablecoin in the market. This is a general model and it should only have 1-3 such businesses. Our market does not have much demand for holding a variety of stablecoins because it is not profitable for them.

[jackblacksparrow]

It seems to me that if all the coins are stable, there will be no interest in investing in them. And now it’s interesting because any coin can now jump to the skies.

[rezakurnia66]

if for now I think if you want to have a stable coin for the price it is very difficult especially with the low market conditions like this really sad, of course, can only wait for the market to return to normal so that the coin will also have a favorable price, maybe now for coins that we have held can only be saved first until the price is truly profitable.

[Cellerex]

I do not think that stable coins are the future of cryptocurrencies. Otherwise, the crypto market will not differ from the Forex market. All the same, cryptocurrency is a wild volatility, risk, and crazy profit. That's why people come here. That is why, for example, I now invest all my money in Sound Money Coin.

[Adunni6758]

We already have enough stable coins in the market, except hat the ones available at the moment are not effective enough, not serving the purpose for which they were released or that any of them is seen as scam. Then if there is any that will be added, it should be more effective than the ones already in the market.

[Buzhou]

The current amount of these coins is already saturated, but acceptable.
If they continue in this rate of emission there won't be much for this here to become stock market or even forex.
This situation is a group of people who have an interest in deceiving people and getting the best projects at minimum prices.
Of course it's just my opinion, but I don't know it's hard to imagine anything other than this conspiracy to get good cheap cryptocurrencies.

[Eildosa]

I think we're moving in that direction. The appearance in the future of a large number of stable coins it is what awaits us. But it's good or bad for you to decide.

[kangkilokang]

I think we're moving in that direction. The appearance in the future of a large number of stable coins it is what awaits us. But it's good or bad for you to decide.

A stable coin is a coin that is sought after by many people, because stable coins in the future will help you make a profit.
so in a market like this, many people are looking for stable coins. but it also depends on each person's taste, and which one you think is a good coin that can be profitable.

[CoinCollect]

If we talk about the fact that crypto in the future should be used to pay for various goods and services, in this case, stability is indispensable. I think that to fully stabilize crypto does not work, then some steel coins will still be.

[mcTether]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

We shouldn't have too many. Maybe one or two will be just fine. The top stable coin should be generally adopted while the rest should be discontinued.

[Vaculin]

I think we're moving in that direction. The appearance in the future of a large number of stable coins it is what awaits us. But it's good or bad for you to decide.

A stable coin is a coin that is sought after by many people, because stable coins in the future will help you make a profit.
so in a market like this, many people are looking for stable coins. but it also depends on each person's taste, and which one you think is a good coin that can be profitable.

This is the reason why investors should be more wise in choosing potential coins to invest because these will give them good profits once the market will become stable or a bull run will occur. But if an investors have invested in a wrong coin, or a shitcoin, they might only end up losing their capital because the coins have become valueless in the future.

[akungagal]

I think we're moving in that direction. The appearance in the future of a large number of stable coins it is what awaits us. But it's good or bad for you to decide.

yeah, it depends on each choice.
but i do not like stable coins, because in my opinion the coins will not provide much profit. indeed it's good enough to avoid the risk of losing money, but it's also not very profitable.

[ranman09]

For me, more coins mean a more stable market place for crypto. This doesn't mean that I support crap coins. It's just better for most of us that there are more choices in the market. Its all up to us how are we going to scrutinize them.

[fuer44]

between need and no. if there is a stable coin, it will not be worth the investment anymore because the value cannot rise. but the coin can be used for payment methods because it is stable and easy to balance prices in the market. it can make crypto more widely known.

[Tylev]

if the coin is stable I don't think but what I need is a stable market because if the coin is stable it will make it difficult for us to get the price of a coin at a low price and also difficult we get a big profit if the coin is always stable

This position is erroneous. Stable coins can not stabilize the price in the cryptocurrency market. They do not affect the stability of the market. Stable coins only serve the work of cryptocurrency, increase the degree of convenience when working with it. By their nature, a stable coin in price must always correspond to a unit of currency, a digital copy of which they represent and should not differ much in price from this number. Stable coins can not be profitable, and therefore can not directly affect the price of the cryptocurrency market. I do not think that the increase in the number of stable coins can adversely affect the cryptocurrency. The more stable coins there are, the easier it will be to work on the cryptocurrency market.

[bonker]

between need and no. if there is a stable coin, it will not be worth the investment anymore because the value cannot rise. but the coin can be used for payment methods because it is stable and easy to balance prices in the market. it can make crypto more widely known.

It is just like the electronic payment but not a crypto currency since stable coins were decentralized so the value also will get deteriorates with the inflation of fiat money.We are here for something new or we can use dollar instead of stable cryptos.

[Activitycoin]

For me, more coins mean a more stable market place for crypto. This doesn't mean that I support crap coins. It's just better for most of us that there are more choices in the market. Its all up to us how are we going to scrutinize them.

Yes it could be good for us but if we have more than one option to invest our money I am sure it will cause some complications, but good to some extent as when the price of one coin rises you can sell buy the other if it is low in price, but stability permanently is not possible because price of crypto coin use to change always.

[SwiggHeart]

I dont think that we need more stable coins to get released since there are so many coins which is available for now.

[CoinsOrDie]

Having more stable coins may make the market redundant because the wheels of supply and demand may not be effective as it is required to drive the profit and loss margins. The market has enough stable coins already. It should rather push for more informed participants through crypto education

[leetcoiner]

I dont think that we need more stable coins to get released since there are so many coins which is available for now.

I agree with you, we have enough strong coins anyway. I believe in the growth of the price of the Top 50 coins by 50% on the cryptocurrency market this year.

[cchub]

As more people come to this ecossystem there will be a need for more stablecoins, for sure.

[jpnl0005]

knowing that stable coin are actually spurred by certain types of events including communities and currencies and cryptocurrency then i think it will not be satisfactory to say that we do not need more stable coins as we still have communities coming up and also more cryptocurrencies are being created on a daily basis.

[Moeda]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

If you see Tether and USDC coins, these two coins are very stable. Even the price is the same as USD. But I think a coin like this is not suitable for trading, because it will be difficult to make a profit.

[Gandapas]

I have always used USDT. This is really a very useful token at a time when the cryptocurrency market is sharply down. But I do not think that there should be a lot of such stable coins.

[kevinzxz]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.

yes, I agree with you, investors invest in cryptocurrency because only cryptocurrency can provide profits of more than 1000%, therefore I think stable coin is not too important for cryptocurrency and in my opinion USDT is enough to be stable coin in cryptocurrency, so we no need for stable coins anymore, but all we need is a coin that has a great project in the future, so investors can make a big profit from investing in cryptocurrency.

[mrdeposit]

I have always used USDT. This is really a very useful token at a time when the cryptocurrency market is sharply down. But I do not think that there should be a lot of such stable coins.

Already there are dozens of unnecessary coin belonging to one section. Stable money like them. On the other hand, we have more choices and we can choose the appropriate one.

[Enzo05]

I think its already enough to only have one crypto that has stable price like usdt and additional to that there is already a new crypto which stable as usdt and i think thats really too much.

[Yemolou]

I think USDT and USDC would be more than enough for me. I literally do not see the reason why do we need so much stable coins, because they have no difference and were created for the same purpose and in my opinion only bringing a lot of money to their creators.

[valek.bruno]

The security of these tokens is always at the level of obscurity, you understand that today it is nothing more than just another portion of empty tokens, which are in fact not provided with anything.

[HabiebRiziq]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

I think people will argue to need stable coins because they suffer losses from the coins they have before or their coins keep falling and falling. But, in my opinion, the uncertain market price that can go up and down anytime is very necessary for investors to determine when the point where they will buy the coin when it's cheap and sell it when it's expensive, if the coin is more stable I think it will be a little difficult to get a big profit.

[ronwewee]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

For the volatility of the top cryptocurrency increases, stable coins are the heroes that we can rely our investment into. Just thinking about a sailing boat, these stable coins are just a floating barrels, yet small, but a life saver when the big ships sinks. That is an analogy of how we can use these stable coins in the market in an efficient way.

[Pamadar]

I think USDT and USDC would be more than enough for me. I literally do not see the reason why do we need so much stable coins, because they have no difference and were created for the same purpose and in my opinion only bringing a lot of money to their creators.

Same purpose and no other uses so why need to add more, it's more than enough and having more will just confused people around this industry, stable coins will stay on how they been used right now and nothing else will add them up, like what you've said only the developers will gained and nothing else.

[Invigorated]

I totally agree that the crypto space needs more stable coins. Stable coins bring in more stability and also boost investor confidence in the system. I am of the opinion that more stable coins will finally give the crypto industry much more recognition as people will most definitely think about investing more in the market.

[Alohadanc3]

Ok if you checked some history you will see that there was not that much stable coins. But there were some but most of them are not so popular. Tether was the most used stable coin in that time. But after tether FUD or news we see many stable project comes in this market and people not properly trusted tether. So they used to use other stable coins. I think we need stable coin in this market but that not mean we need many types of stable coin. But somehow they not harm the market. So it's fine if there is many kind of stable coin atleast for me.

[jerrison]

stablecoins are ideally thought to solve challenges associated with certain challenges with depreciation in some certain currencies as the case maybe. they are either created by a cryptocurrency community, a cryptocurrency or a fiat currency and other factors that maybe deemed needed by the creators

[pandanaran]

Everyone would want to hold a stable coin and the price keeps increasing but it is quite difficult to find it, especially every coin has its own weaknesses which are not always strong in every condition. When I choose coins there are many important things that need to be considered, one of which is the quality and prospect of the coin. I am sure that many developers are serious about building projects and improving the quality of their systems in the future.

[Impaler]

I think the idea of stable coin is great. Cause it is always good to have something stable in this market. Cause this market is full of volatility. But I also think that we have enough stable coin in the market. So we don't need more. And if you search some history you will notice that there is not as much stable coin as we have now. The problem created with usdt fud. Normally a stable coin backed by something but there is a news or fud that usdt is not properly backed. So people were scared even binance announced something related to that. And then most of the exchanges list alternative stable coins. And not it's like a ritual many project comes with new stable coins even exchanges launched their stable coin to. But I don't think we really need that much stable coins.

[CryptoGosu]

I think that we do not need a lot of stablecoins. I think that we need stablecoins that we can trust and that have good liquidity. Many people don’t trust Tether.

[axel2078]

What led to the creation of many platforms thus many cryptocurrencies is the fact they aim to solve one issue or the other (although most aren't living up to that). So if a new stable coin is coming into the crypto space aiming to solve an issue the current existing stable coins fails to solve, it will be welcomed.

[mrdeposit]

I think that we do not need a lot of stablecoins. I think that we need stablecoins that we can trust and that have good liquidity. Many people don’t trust Tether.

Yes, most people think stable coins are scam. But, volume is several times more than supply. But I guess it was useful if it would be reliable. It can protect from more fee.

[Sundaey]

Stable shouldn't be the case for cryptocurrency, because it's not meant to be. Imagine the whole thing is stable and you as a trader trying to earn some percentage increases, which means you will probably have to wait for as long as you ever think of. Let continue what we already started

[Astvile]

We dont need stable coins on cryptocurrency,why? because if you read carefully stable coins are so easy to manipulate compared to volatile coins,plus the fact that if the volatility is reduced i think more people will pull out from this industry because volatilty is one of the main reasons why they enter this type of industry

[Ezenwanyi]

When the factors surrounding the present stable coins like tether are critically examined , you will understand why some crypto enthusiasts are calling for the creation of more  stable coins.
It is estimated that the  daily market  volume off tether alone is in billions if this is not a pointer to the fact that more stable coins are needed , I don't know what is.
Again, there are some transparency issues with tether , more stable coins are needed to improve upon these areas.

[cryptoknightt]

When the factors surrounding the present stable coins like tether are critically examined , you will understand why some crypto enthusiasts are calling for the creation of more  stable coins.
It is estimated that the  daily market  volume off tether alone is in billions if this is not a pointer to the fact that more stable coins are needed , I don't know what is.
Again, there are some transparency issues with tether , more stable coins are needed to improve upon these areas.

It is true that the volume of the exchange can be an influence on the price movements of the tokens, but you must know that the projects and platforms are also the most important thing for the future token prices so they can be better than the previous price.

[Mikcik]

There are many stablecoin that help the market not be dependent on a single stablecoin like USDT before. Leads to a healthier and unaffected market or dumped by an individual or organization. However, until now, USDT is still the brightest star

[JuliaJi]

I think that we have enough stable coins and also crypto currency it is not about stable, the main idea in big volatility for  trading

[Chrystora123]

we really need stable coins, the more stable coins, the more chance the cryptocurrency will be accepted by the public.  We all know that many people are afraid to invest in Bitcoin because of the speculation the price is very high, so with the presence of stable coins, common people will know other cryptocurrencies not only know Bitcoin.

[bakermaker123]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

I am not quite sure what you mean by stable coins, if you mean BTC, ETH, XRP, etc, then I think we do not need more stable coins. Cryptocurrency is volatile, nothing is stable, in a day, the price can go down and in a day the price can go up tremendously because of a bull run. That's why we don't need more stable coins.

[Opnsrc]

I think that we do not need a lot of stablecoins. I think that we need stablecoins that we can trust and that have good liquidity. Many people don’t trust Tether.

Probably, Tether cannot be considered as real altcoin. Its stability is artificial. Real cryptocurrencies cannot be stable ever. Their price will always change: the demand will affect it. Additionally, this flexibility lets traders earn.

[Huntler1993]

For now I think yes, this will bring some form of hope and belief for many people out there to join the digital world. Trust is what drives people without it, there is likelihood to failure or diminished success. Stable coins could perform the magic and bring many people into it.

[distr@yopmail.com]

Probably, Tether cannot be considered as real altcoin. Its stability is artificial. Real cryptocurrencies cannot be stable ever. Their price will always change: the demand will affect it. Additionally, this flexibility lets traders earn.

tether is only an alternative to storing assets in a short time, such as saving assets after daily trading. or after selling assets from a bounty. it will help control the value of the assets we have. especially in poor market conditions or in a downtrend.

[Cosbycoin]

We have enough stable coins. Suffice it to say, if you take coins from the top ten of the rating, they have huge trading volumes on the exchanges. Most likely, we lack new investments that will raise the market from the bottom.

Better keep these people away from USDT. Investing in anything prone to sudden changes in policies could be the worst investment decision of you life. I like Bitcoin because it is now stable and that means that your money will stay out of the risk and the gradual lazy rise in the cryptocurrency could accelerate its pace anytime so yeah, that is what you need to focus on.

[Judge-Dredd]

We dont need more. We need RELIABLE stable coins with real backing.

[TrevorS]

As well as most of the Altcoins, it has not yet been able to find a place for itself in the market due to its uselessness, it can also happen with part of the stable coins.

[manismanja]

As well as most of the Altcoins, it has not yet been able to find a place for itself in the market due to its uselessness, it can also happen with part of the stable coins.

but at least the coins stable are better and he will help you more when the market is in bad condition.
Stable coins are often sought after by many people because they want stable coins.
indeed not everything can be profitable but stable coins have more opportunities, so many people need them.

[Twinkledoe]

In my opinion, we don't need a lot of them bragging to be stable coins. Now, there are several projects that are out claiming to be stable coin backed by particular precious metal, etc. but in reality, it's all empty. Most of them will just use the front of being stable coin but they don't have the capability to back up their claims. It's all about marketing, right?

[faceoff97]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

I don't see the need since Bitcoin and other established coins are already available. It's better we could just promote this coin so it would reached it stability once it gain large community back up. This is why I just hold coins that is well established, I have them in my secure open source wallet called Hodler, they have listed stable and established coin in their wallet here is the link: Hodler.tech

[Vaculin]

In my opinion, we don't need a lot of them bragging to be stable coins. Now, there are several projects that are out claiming to be stable coin backed by particular precious metal, etc. but in reality, it's all empty. Most of them will just use the front of being stable coin but they don't have the capability to back up their claims. It's all about marketing, right?

I agree. There's no need to have stable coins onhand because the reality is there's no such stable coins in this crypto community due to its high volatility. All crypto coins are subjected to price pump or dump any time of the day. And this will happen continuously as long as there is still volatility.

[2tang]

if I have to invest, I will not choose stable coins because I think it will be difficult to get big profits from stable coins because actually fluctuations are things we can use to make a lot of profits, even though many people don't like the cryptic nature that fluctuates because the risk is very high but actually they say that only when the price drops, but when prices soar, they forget that it is the advantage of crypto properties that are very fluctuating

[Amalker]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

Big platforms like Tron and EOS already announced their own stable coins. I think they want to cut a piece of Tether capitalization and control it by own. But as for me, we need more projects like Maker DAO with their autonomous decentralization stable coin DAI. This platform already works great and this a future.

[asriloni]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

Big platforms like Tron and EOS already announced their own stable coins. I think they want to cut a piece of Tether capitalization and control it by own. But as for me, we need more projects like Maker DAO with their autonomous decentralization stable coin DAI. This platform already works great and this a future.

It looks like you never watched the latest news that happened in the crypto. Tether officially migrated to the tron network and tether will be a part of the tron network. I never heard EOS has created its own stable coin because it doesn't popular as tether. stable coin can be manipulated so easily.

[Dr.Sponge]

Tether is stable because it was settled up. So the price will always on the range of 0.98$-1.02$, but sometimes a coin like this can get dumped due to some reasons.

[lavara]

Now is a very good time - there are really good and useful coins. You can see that the world has long accepted the idea of digital coins - a virtual payment for services and now also virtual money. This direction will be greatly developed every year and there will be leaders in this market. The wonderful TRON and NEO coins .This is for example - now the best bureaux are introducing their own cryptocurrency: BINANCE and others.The coin should be supported by good business, utility and large distribution in the trade, bargaining on many exchanges. I recommend the project MiracleTele - here the business idea is already working and the coin is very promising, the price is $ 0.2 - this is still at the start.

[Yamifoud]

Tether is stable because it was settled up. So the price will always on the range of 0.98$-1.02$, but sometimes a coin like this can get dumped due to some reasons.

Prices may can't be in stable at all,  fluctuations may rises as long as there is a market demand.  A zigzag line will be in common to all and must tankful to that cause in every ups and downs it will give us chances to get profits.  
I don't want to invest a coin which prices as its straight line,  I'll be preferred to buy those who are in a zigzag and seems to be more profitable.

[Ifychuks]

In the first place, my question is, which coins do we even refer to as stable coins? All the coins we have in the space now are prone to volatility. Non can maintain a particular price for a long and reasonable period.

[MakeMoneyBtc]

In the first place, my question is, which coins do we even refer to as stable coins? All the coins we have in the space now are prone to volatility. Non can maintain a particular price for a long and reasonable period.

He is probably referring to coins that are not disappearing from the market a few weeks after they are launched and they successfully maintain themselves there for a long time. I think there already are enough coins on the market that are stable and there is one coin to solve almost every problem we have so there is no need for more.

[jan.nicolas]

The only plus is probably competition, although what exactly will it manifest if, in general, these projects are backed by dollars, that is, fiat money. I do not understand why then we need more projects? Probably let them just increase their deposit.

[MirclIX]

We need stable coins that will give hope for the future.
These coins show us that the market is not dead and that its future will be brilliant, like all of its participants who are wisely investing in very promising coins.

[Serve20]

I think we don't need more of them again because we have already have many of them in the market and they are sufficient for the entire industry. But if a project comes out with its platform stablecoin for edging, I think it's a right thing to do.

[Akoldi_ibk]

The two major ecosystems that many projects are focusing on are exchange platforms and stable coins. 1 in every 3 new projects is either an exchange or a stable coin and to factual, these two ecosystems are saturated and becoming over-saturated. I think we don't need more of this two in the space for now.

[fosco333]

Not at all, stable coins are enough in cryptocurrency , no need to create more stable coin.
You cannot gain profit just by holding a stable coin because the price is stable. So, it will be better to not creating more of it.

[BlackPanda]

In the first place, my question is, which coins do we even refer to as stable coins? All the coins we have in the space now are prone to volatility. Non can maintain a particular price for a long and reasonable period.

He is probably referring to coins that are not disappearing from the market a few weeks after they are launched and they successfully maintain themselves there for a long time. I think there already are enough coins on the market that are stable and there is one coin to solve almost every problem we have so there is no need for more.

we can pay attention to all existing data, see coinmarketcap and coin analysis whichever has a fairly stable range. There is no coin that has perfect stability. But I personally prefer coins that have a high potential of increase, so I can gain a number of benefits and for me it is a good opportunity. The investment we make certainly has a purpose and that is why we have to choose the right coin.

[Galantin]

Yes, we need 3-5 stable coins that work with all currencies and exchanges. Their main feature should be the price to simplify transactions. If the USD is $ 1, then the other coin should have a price of say $ 100.

Also, a stable coin will be needed if we want to introduce cryptocurrency for ordinary people. Because they will not play with the cruise and risk money.

[Falgorn]

The usual currency, to be stable in price, is regulated by the central bank of the country. Cryptocurrency exists precisely on the principles of non-intervention of any authorities in the formation of its price and therefore is considered decentralized. Therefore, we can have either a relatively stable regulated cryptocurrency, or unregulated and with high price volatility.
If we choose a decentralized cryptocurrency, then it will always have very high price volatility, because its price is formed only on the basis of the supply-demand ratio.

[Averim]

Stable coins brings with them trust, this is the reason why we need more stable coins, this way the blockchain technology will be sustained and used by big financial companies in a public way (not just as secret investors).

[Fammosh82]

Whether it’s stable coins or regulation on the international level, digital currency still holds promise for improving the way we conduct real-life financial transactions. We merely have to open up the discussion and begin to consider digital currency as a viable (potentially stable) option not just for our personal transactions but also our banking infrastructure. The more people get involved in the discussion, the sooner we can overcome the challenges to using cryptocurrency.

[MOProgress]

I don't think we need more stable coin, what we should be look at should fighting for how cryptocurreny can be fully accepted by all the government of the earth.

[shesheboy]

I don't think we need more stable coin, what we should be look at should fighting for how cryptocurreny can be fully accepted by all the government of the earth.

Agree  . crypto acceptance is more of a problem than creating more stable coins  although i know and we all know that stable coins is also important because it protects our money from going down due to the unstableness of cryptos .

Why do we need more stable coins, I do not understand. If two or three coins and that's enough. Still, people will not invest in stable coins because they have no development. Stable coins come from crypto when the market is in a fever.

We need more stable coins because there is only a small number of stable coins on the market and thier supply is also limited  . its better if people have a different varieties to choose from  . stable coins do also have a development , there are several news about stable coins lately  . arent you aware with that ?

[pleci]

We all want a coin that is stable in its ecosystem, but sometimes the Crypto Room moves quickly so it's easy to go up and down. There are a lot of Altcoin that have great quality and potential so there must be some who are stable, must buy coins to be careful and analyze as well as possible.

[minersday]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

In my opinion, I think having more stable crypto coins in the crypto market and the crypto space will help people who are new to this ecosystem  to get involved using cryptocurrencies for their daily online transactions.  The volatile nature of most crypto coins makes  it difficult for people new to cryptocurrency to use it due to the fact that, majority of these people have some belief that they can easily lose some percent of the value of the coin they have.  I have this ideology that, if all cryptocurrencies have a stable value, people will see cryptocurrencies as the easiest and fastest payment system in the financial space.

[XbladedThanos]

Sticking to one will be the best bet to maintain its price and ensure proper development Look at the end of the day there will be banks, Companies coming up with various stable coins what i think is that crypto community should maintain one stable coin to maintain some dominance there

[Dark Ripper]

Do we really need come stable coins for now? Of course if the coin is a good coin in which have a higher value we all wish that it may became stable always so that our hodlings will not be go low the value of our coins, but when the coin is really a shit coin in which the value will never rise up and would be a stable low it must not because if you are hodling those coin we can not earn money of that so it must not be a stable. So if you've got some coin that is not stable and have a very low price you can used it to deposit or play some games in order to make some enhancements or earnings in your wallet or money.

[Tipstar]

Stable coins are a good tool for day traders. They can be used to mitigate loss for investors and they can also act as the preferred coins for transferring between wallets as they are nearly universal nowadays. With their stabler nature, they are also readily accepted by merchants and can act as a day to day utility coin.

[Vektrum]

I think that a lot of stablecoin will be created and most of them will be created by central banks of different countries and they will be tied to national currencies. The central banks of many countries have already begun to work on creating national digital currencies.

[Docbee]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

There are many stable coin already in the market, adding more stable coin will make stable coin look messy left to me i would prefer just two in order to avoid monopoly in the market.

[CryptoLing]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

There are many stable coin already in the market, adding more stable coin will make stable coin look messy left to me i would prefer just two in order to avoid monopoly in the market.

Yeah two or three stable coin is enough for me too. Stable coin could push the adoption of cryptocurrency by helping people purchase Bitcoin easily, but if there are too many stable coin newbies can get confuse when they enter this market.

[corrado25]

I still do not trust any stable coin and do not keep my savings in them. I believe that we do not need many stable coins, but we really need one stable cois that will pass all audits that will really be backed up by the dollar and which will not have any claims regulating law enforcement agencies

[Rtalk]

I agree that stable coins are necessary and important.It is very important that they are provided with real assets and it does not matter what it will be for the asset-dollar,Euro,gold or something else.
The reality is that the market is not regulated , accordingly, major players , including top exchanges can deceive us and manipulate the rate of such coins...take the same Tether-a very questionable stable coin.

[Teawhalee]

one of the things that makes cryptocurrency tiring is unending creation of coins which causes a lot of confusion and makes many people lazy because everyone is doing almost the same thing. now its the turn of stable coin , we will soon have them in a very large number without any impact and what will be lacking will be lacking. lets adopt and use what we have.

[lizaangel321]

Yes, we really need stable coins, just not a lot. But until Ether and Bitcoin becomes stable and with a high rate, you can not talk about other coins

[Garry_1]

Now in market situation many altcoins are best Coins for investments though my preference ethereum and ripple these Coins are top altcoins and strongest platforms now invest in this Coins will get high profits.

[Mr-pja]

I would say that more aren't really necessary unless they have new methods of guaranteeing stability. On the other hand, the more stable coins available means less chance of one becoming insolvent like tether.

[madfox11]

I have no doubt that we need more stable coins, but not like Tether. All stable coins should be fiat-backed, trustworthy. More competition among stable coins means more responsibility to their holders.

[sorrros]

We also need a competition among stable coins. If there not be more stable coins we all would have to use Tether even we know that it is not fully backed by dollars.

[dEjAvOU]

I have no doubt that we need more stable coins, but not like Tether. All stable coins should be fiat-backed, trustworthy. More competition among stable coins means more responsibility to their holders.

Yes right, the stable presence of coins is very much needed and I'm glad now there are some coins that have stable values which are usually converted to USD, this certainly guarantees investors not to lose when the market is dropping.

[makerst]

The main thing is not the number of such projects that we have not yet verified. As far as I know, an independent audit of the company has not been conducted, so for the time being I do not think that there will be any new stable tokens or coins.

[OptimusPrime_3]

Your question really does not make any sense. Why wouldn't we need more stable Coin if that will help us fight the high volatility in the market?  This is actually an irrelevant question because even a novice in cryto knows that we need more stable coin

[Goodvin]

If we get more stable coins on the crypto market, this will not reduce volatility. In my opinion  Tether is quite enough. Only an improvement in the cryptocurrency market can change volatility.

[TobiasVR]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

it is an advantage for us if we have a more stable coin, we can make it as a profit producer. and if I speak of volaitility, I don't think it's influential and most importantly, stable coins don't pose a big risk.

[[btc]YSG]

Stablecoins shouldn't even exist at first. It is a hypocrisy to what crypto currency represent. If it is important for stablecoins to exist, just one is enough to serve the purpose.

[matej451]

Where there is money there is always some tools on how to hide and launder money.
Although we all would like to see stable coins in every exchange to remove from the cryprto easy way in case of another pump. balloon. I think the main case of stable coin is to hide and launder money.

[unbotak]

Where there is money there is always some tools on how to hide and launder money.
Although we all would like to see stable coins in every exchange to remove from the cryprto easy way in case of another pump. balloon. I think the main case of stable coin is to hide and launder money.

I also do not like stablecoin because I think that is what makes the market difficult to rise because currently there are many investors who store their assets at stable prices so that market growth is stalled because there are not many buying and selling transactions.

[Rtalk]

Investors keep their funds in stable coins because they doubt the prospects of the market.Many investors are taught by the bitter experience of last year,and therefore prefer to keep money in stable coins, so that at the right time,with a strong fall for example-quickly buy the same bitcoin.

[whaawh]

Investors keep their funds in stable coins because they doubt the prospects of the market.Many investors are taught by the bitter experience of last year,and therefore prefer to keep money in stable coins, so that at the right time,with a strong fall for example-quickly buy the same bitcoin.

It seems to me that those stable coins that are already on the cryptocurrency market today are quite enough.  It does not fully satisfy the requests of those users of cryptocurrency, Who wants to minimize the risks in case of market instability .

[mattadc]

It seems to me that now there are so many coins that you can choose for every taste and color.  Therefore, it is not worth making noise about stability.

[wenwen]

In today's market, it is very difficult for projects to keep the price of a coin. The coin can become stable if the project is constantly developing and improving itself. For example Binance. BNB has recently been a very stable cryptocurrency due to the fact that the organizers delight the community with updates.

[MMA Rats]

It seems to me that now there are so many coins that you can choose for every taste and color.  Therefore, it is not worth making noise about stability.

Totally agree with you.  Coins are enough.  Only here is too much scam.  If he had not been at all, everything would be perfect.  Because many people just lose money on bad projects and do not want to continue to continue.

[integrity42]

As for me, there are plenty of stable coins on the market, so why create them more if there is USDT, USDC, TUSD, etc. There are actually a lot of them and you can choose any one, although all of them are the same

[Impaler]

I don't think that we need more stable coin. Cause at this time we have enough stable coin in the market. And if you saw the past you will saw that there were not many stable coin in the market but after  usdt problem many stable coin came to the market. A stable coin must be backed by something and for tether or usdt there were some problem. That's why people started to find alternative. And at this moment many big companies started to offer stable coins. But now a days the count is growing so on. And it's fine to have some stable coin in the market but it's not necessary to have all the stable coins.

[mahibul49]

i dont think we need more stable coins but the more stable coins in crypto ecosystem the more crypto become safe!as you dont have to depends on only specific stable coins.so its good but already enough stable coins made .

[trash321]

Opinions of people can change, because the most important and most important thing is that today you need to understand that cryptocurrency gives each of us a chance to make money and this opportunity is really good and successful stable projects that can fix our deposits.

[Zythiphill]

There are a lot of stable coins now , I think now for me the favorite is the usdc , since this token has been audited in the us and it inspires confidence

[dark1234]

stable coints are very good for mass transactions like USDT but do we still need more stable coins ...
I think that can happen if the need for real transactions in the community between countries happens, maybe ...
but basically the main goal of cryptocurrency is not to make stable coins or just a business opportunity to earn money, but more than that ... for the future

[concitta]

stable coints are very good for mass transactions like USDT but do we still need more stable coins ...
I think that can happen if the need for real transactions in the community between countries happens, maybe ...
but basically the main goal of cryptocurrency is not to make stable coins or just a business opportunity to earn money, but more than that ... for the future

stable coins are very good indeed because they will help and he is so valuable that many people need stable coins.
stable coin movements with unstable coins are also different and stable coins will increase better so the chances will be even greater.
but not everyone needs a coin stable.

[Rufsilf]

stable coints are very good for mass transactions like USDT but do we still need more stable coins ...
I think that can happen if the need for real transactions in the community between countries happens, maybe ...
but basically the main goal of cryptocurrency is not to make stable coins or just a business opportunity to earn money, but more than that ... for the future

Of being the state of instability for all crypto coins makes a reason why we still here and get profited. Due to its price fluctuations make everyone feel better than being in a stable market. 
I really don't know and I don't believe that everyone wanting to have a stable coin, maybe everyone wants to have a stable market than of prices.

[Chinsmokers]

Altcoins that are stable is good for day traders and for those who hold. This way of action is a part of crypto that can benefit anyone who has a stable coin.

[Malamok101]

That's the important thing for those coins to become stable to attract some investors and people to invest on other coins need some stable not always in dropping and in bad condition.

[Sithara007]

We have several different stable coins right now, but none of them are 100% reliable. Everyone used to think that USDT was fully backed up. But as per the latest statements by the Tether team, it is only 74% backed up by Cash and cash equivalents. Even if some new stable coin comes in to existence, how we'll come to know that it is 100% backed up or not?

[zauna35]

stability and cryptocurrency are two satellites that will never meet) all attempts to create a stable environment for coins break about reality, which is this: all coins follow the course of bitcoin ... however stability is always boring, that is why I am in cryptocurrency, her stability never will be)

[george_hured]

I think that there is not much sense in these projects. The most important thing is that there is one project that would be fully tested and completely transparent, I don’t really like everything else, because everyone can make such a stable project.

[Snaic]

stable coints are very good for mass transactions like USDT but do we still need more stable coins ...
I think that can happen if the need for real transactions in the community between countries happens, maybe ...
but basically the main goal of cryptocurrency is not to make stable coins or just a business opportunity to earn money, but more than that ... for the future

Of being the state of instability for all crypto coins makes a reason why we still here and get profited. Due to its price fluctuations make everyone feel better than being in a stable market. 
I really don't know and I don't believe that everyone wanting to have a stable coin, maybe everyone wants to have a stable market than of prices.

A stable cryptocurrency market and stable coins are completely different things. A stable market for decentralized cryptocurrency is not possible. At the same time, stable coins are not full-fledged cryptocurrency, because they are not created in order to bring us profit. Their task is to provide convenience when working with cryptocurrency. Therefore, indeed, the more stable coins there are, the easier it will be to use a cryptocurrency. For example, I want my state to issue its stable coin, which would correspond to the price of the national currency. It would be easier to use and transfer national money to a cryptocurrency and vice versa.

[baigreen]

Stable coins stabilize the market well. I don't think there should be a lot of them. But their presence gives investors more tools. Let's say protection from the fall of the market. Transferring money to stable coins. Well, there will be stable coins open new unknown ways for their use.

[pant-79]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

Volatile coin, in general, is of greater interest in terms of investment.
Stable coins have led to the creation of competition among those who can best organize the issuance of money. Each of the categories of stable coins differ in the method of providing value and has its own advantages. It:
- coins with cryptographic security;
- coins with a fixed interest rate in Fiat;
- algorithmic stable coins.
In the short term, models that support Fiat will dominate. But over time, as the open financial system grows, DEXs increase market share and dApps are increasingly accepted by the public, it is possible that crypto-secured stable coins will slowly overshadow fiat centralized “reserve currencies”.

[davit putra]

Depends on what you want, and if you want a higher pump with a bigger result then the coin has better volatility, but the risk is too big. It would be better if you are too afraid of the risk that a stable coin can be an option.

[Inosend]

Would it cost us anything if we see more stable coins in the market?  We need more trusted stablecoin in the market  and it will not cause any harm to the market

[Wyndesam]

Depends on what you want, and if you want a higher pump with a bigger result then the coin has better volatility, but the risk is too big. It would be better if you are too afraid of the risk that a stable coin can be an option.

Have you read all the topic?
the topic is not about coins on the market , but about stablecoin , not about eth and other coins.
I think now there are enough coins that are supported by the Fiat dollar , especially I like the usdc

[airdropan]

stable coin is good when we want to save money. market not always on good condition like price dump. and trade our asset to stable coin is best choice, we not going to loose any penny because this is stable coin.

[ringgo96]

Would it cost us anything if we see more stable coins in the market?  We need more trusted stablecoin in the market  and it will not cause any harm to the market

yes, it might cost you money, but I'm not sure if there are coins that are constantly stable in price. surely there will be fluctuations in prices and stability and even then it will not last long. usually if in the real world the currency of a country is determined by the dollar. if the dollar rises surely all will follow it and vice versa.

[asbak66]

My answer is no, why we need another stable coin if we already have so many stable coin such as usdt tusd gusd pax dai and usdc?
It's too much now and not really needed this time.
I don't see the urgency to see another stable coin again.

[dark1234]

stable coints are very good for mass transactions like USDT but do we still need more stable coins ...
I think that can happen if the need for real transactions in the community between countries happens, maybe ...
but basically the main goal of cryptocurrency is not to make stable coins or just a business opportunity to earn money, but more than that ... for the future

Of being the state of instability for all crypto coins makes a reason why we still here and get profited. Due to its price fluctuations make everyone feel better than being in a stable market. 
I really don't know and I don't believe that everyone wanting to have a stable coin, maybe everyone wants to have a stable market than of prices.

A stable cryptocurrency market and stable coins are completely different things. A stable market for decentralized cryptocurrency is not possible. At the same time, stable coins are not full-fledged cryptocurrency, because they are not created in order to bring us profit. Their task is to provide convenience when working with cryptocurrency. Therefore, indeed, the more stable coins there are, the easier it will be to use a cryptocurrency. For example, I want my state to issue its stable coin, which would correspond to the price of the national currency. It would be easier to use and transfer national money to a cryptocurrency and vice versa.

regardless of whether the coin is stable or not, both have the same goal in the development of crypto and will complement each other in the needs of individuals and society and perhaps only traders and investors prefer coins that are not stable due to price movements in the exchanges they see

[haufranco]

Yup. no need to follow trends and buy new coins where owners freeze funds

Altcoins that are stable is good for day traders and for those who hold. This way of action is a part of crypto that can benefit anyone who has a stable coin.

[Waltermeks]

Yes, we need more stable coin in this space because most of the coins in the market now tend to be shit. It's better to halt ICOs and develop on the already existing projects.

[novy]

Actually, 2018 was the year of the stablecoins. My opinion that we are having enough coins right now, we can go ahead with that we have. I would like to mark the betters ones from my point of view - makerDAO and USDC.

[lyks15]

If you want a stable coin I think you are in a wrong way. You are here in crypto industry and the main characteristic of crypto currency is not stable. So you don't have to find a stable coin. And how will you perform an trading activity if coin is stable? Make sense. Even you invest in real state or in gold jewelries nothing is stable.

[TheClownSong]

My answer is no, why we need another stable coin if we already have so many stable coin such as usdt tusd gusd pax dai and usdc?
It's too much now and not really needed this time.
I don't see the urgency to see another stable coin again.

Stable coin like USDT needed if we are trade in market. If we are trade in market, USDT very useful when market looks bearish and to safe our portfolio value in USD. Most crypto investor still need fiat to withdraw their profits and i think stable coin like USDT always needed

[Irina1999]

Now there is simply no stable coin on the market, any drop in the rate and all new altcoins are also falling automatically. Now it's best to either take part in bounty programs or invest in work projects, i want to give you an example http://gexan.io/

[asus09]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

if it's only stable but not profitable it's just as useless, I don't think that in this crypto market there is nothing really stable.
I agree that tether is an altcoin that is more stable than other altcoins, but in the industry there is no guarantee because its fluctuating value is different from the real stock market.

[Kattoweymo]

Now there is simply no stable coin on the market, any drop in the rate and all new altcoins are also falling automatically. Now it's best to either take part in bounty programs or invest in work projects, i want to give you an example http://gexan.io/

And what a project, is there any more detailed information about it?

[Irina1999]

Now there is simply no stable coin on the market, any drop in the rate and all new altcoins are also falling automatically. Now it's best to either take part in bounty programs or invest in work projects, i want to give you an example http://gexan.io/

And what a project, is there any more detailed information about it?

I gave them the official website, there is more detailed information. I will leave the information about their IEO, because now it is relevant and it is a finished product https://p2pb2b.io/token-sale/GEX

[Aryleeto]

My answer is no, why we need another stable coin if we already have so many stable coin such as usdt tusd gusd pax dai and usdc?
It's too much now and not really needed this time.
I don't see the urgency to see another stable coin again.

Stable coin like USDT needed if we are trade in market. If we are trade in market, USDT very useful when market looks bearish and to safe our portfolio value in USD. Most crypto investor still need fiat to withdraw their profits and i think stable coin like USDT always needed

In usd about 70% can confirm with Fiat money , the remaining 30 drawn , I think usdc is a good replacement for usdt since usdc has been audited which speaks in favor of the project

[Jhonyjon]

I think that stabecoin is only to put when our assets are decreasing, and that it is also quite stable in the cryptosphere because the goal is nothing more than the same

[Permabull]

The more stable coins, the better, as with more options available on major exchanges, you can diversify your portfolio and you don't need to put everything in Tether. So it's very convenient.

[welchome]

In terms of needing stable coins, I do not think that there is a need for it. What I mean is, even with the current volatility that cypto currency has, it is still able to attract the attention of investors. We have seen this growth because of how unpredictable the crypto market is. The same way with playing games, it is a rule of thumb to realize that the higher the risk there is, the higher return you will also receive. This has always been the appeal of crypto.

[jabrix]

If you want a stable coin I think you are in a wrong way. You are here in crypto industry and the main characteristic of crypto currency is not stable. So you don't have to find a stable coin. And how will you perform an trading activity if coin is stable? Make sense. Even you invest in real state or in gold jewelries nothing is stable.

I see that there are two interests here, the government wants stable crypto coins like paper currency with a reason to protect its citizens who are crypto investors. While the speculators as the biggest crypto traders want crypto prices to fluctuate, because from there they expect profits.
So the crypto price will always fluctuate for smooth trading, because with the busy price of crypto trading it can fluctuate rapidly where money is circulating during large transactions. With trade, crypto will last forever.

[uneng]

Why do we need more than ONE stable coin? I don't understand why there are some of these.
I know it's good for who wants to store their money escaping from the high volatility of crypto market and also espaping from a possible high inflation over their local currencies that depreciates their savings too fast, but I see no reason to have lots of stablecoins.

[mirakal]

Why do we need more than ONE stable coin? I don't understand why there are some of these.

Why not?

More stable coins gives more option to traders and I see it a positive thing for the market, more competitors is a sign of a growing market.

[uneng]

Why do we need more than ONE stable coin? I don't understand why there are some of these.

Why not?

More stable coins gives more option to traders and I see it a positive thing for the market, more competitors is a sign of a growing market.

But won't all of them be the same thing? Many options that are exactly the same and do the same?
It's like saying: choose an ice cream flavor, then you ask what are the options, and I tell you: there are 5 different options, but they are all chocolate.

[infarterr]

The more stable coins, the better, as with more options available on major exchanges, you can diversify your portfolio and you don't need to put everything in Tether. So it's very convenient.

Yes, stable coins are not just tether so if you want to choose a stable one, it's better to look at some of the other coins first even though tether is also a stable coin in the market.

[deodivine1]

Yes, we need more stable coins pegged to other currencies especially, not just the USD all the time. Most stable coins I know (USDT, TUST, USDC)  are all pegged to USD, so why not mate? We need more stable coins. They help traders to reduce volatility of the market.

[dipeco]

I am pretty happy with USDC. The problem is that Tether has a pretty bad image and there was absolutely no alternative to this stable coin. But one day, there were 10 new stable coins on the market, which I think is definitely too much.

[sergei1703]

No, we do not need a lot of stable coins. It is enough to have tether, trueusd and some other coins as an alternative, but not much.

[gensol]

Truth be told no coin is really stable everything fluctuates in prices. The question that keeps pickling my mind is what is backing most of these stable coins or people just print them or mint them?

[Felisk99]

In my opinion, the bigger amount of cryptos, the higher chances for making something good from it. If there wasn't competition between cryptocurrencies, we wouldn't witness rise of many fantastic projects.

[BryanK]

If regulators are not introduced into the cryptocurrency market, prices will remain dynamic. We need BUKKT and controllers solution to stabilize prices.

[gensol]

In my opinion, the bigger amount of cryptos, the higher chances for making something good from it. If there wasn't competition between cryptocurrencies, we wouldn't witness rise of many fantastic projects.

It's not the way it works. These cryptocurrencies we have today are being used as utility tokens to fuel many Daps and other platforms. The already existing ones should work on being better not continuous proliferation.

[MMA Rats]

I think that there are enough coins on the market.  You just need to not be lazy and carefully check every project and then choose from all the best that you really need and should invest.

[Felic43]

The truth is that we don't have stable coin they all fluctuate and it good for a trader, now stable coin will soon be eliminated

[harsi123]

The truth is that we don't have stable coin they all fluctuate and it good for a trader, now stable coin will soon be eliminated

totally agree with you really stable coins in the cryptocurrency market very little I would say they are not.  the only one I really hope for is Bitcoin, but as always it’s very unpredictable.

[senin]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

If you are talking about a stable coin among decentralized cryptocurrency, then such a stable coin can not be in nature. No decentralized cryptocurrency can be stable. The number of these coins will change, some coins and tokens will leave the cryptocurrency market forever, others will appear. This is a good way to improve it.
If we talk about stable coins as digital copies of national currencies, then I see no reason to resent their appearance. They are not intended for profit and are only an aid to the convenient use of conventional cryptocurrency. Therefore, let their number grow, if someone does not like them, their right not to use them.

[Mia44]

why do we need more than one stable coin. A stable coin is used for currencies that do not make a loss, so having one coin stable is good. Because the coin stable cannot be invested

[zachyboy090118]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

The more stable coins the more gaining of more profit. So we really need more stable coin to gain  at the same time the crypto will continue to grow and more visible in the world to be legalize soon in the near future .

[roadwell890]

why do we need more than one stable coin. A stable coin is used for currencies that do not make a loss, so having one coin stable is good. Because the coin stable cannot be invested

If you have 1 stable coin it won't make you profit quickly and will continue to wait long to see prices going up. I prefer anxiety and happiness nowadays about prices that cannot be predicted anytime and anywhere. See some people very happy with the coins they have kept for quite a long time and make multiple profits.

stable coins will help you when the market is erratic so he will survive.
it is indeed not easy to get a profit so it takes a long process to get big profits.
the market cannot be predicted so that no movement knows, waiting a long time but profit is not a problem because it will get big profits.

[H1N1]

We need stable coins, but not too many. There are enough stable coins in cryptocurrency now.
Creating more stable coins will only spreading the volume of the usage of stable coins, not inviting new comers into cryptocurrency.
We can make some cryptocurrency awareness by using the existing stable coins, and more peoples will know crypto.

[magicrypto]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

We already has a lot of stable coins, not only USDT. Some of them are good like USDC, PAX, DAI, TUSD. So if you dont like tether those will be your choice, but in my opinion - USDT is good, there are a lot of FUD was around it, but it still in top-10 cmc. And the last Bitfinex IEO (LEO) showing us that if Bitfinex needs money to solve the problems, it can raise it very fast and it is good.

[Krislaw]

If regulators are not introduced into the cryptocurrency market, prices will remain dynamic. We need BUKKT and controllers solution to stabilize prices.

It's not important thing.

We don't need Controler who can handle all about Pricing and dynamic market. Centralization only change what Cryptocurrency suport for global payment and decentralization without controler by other.

[Iceblast]

We need stable coins, but not too many. There are enough stable coins in cryptocurrency now.
Creating more stable coins will only spreading the volume of the usage of stable coins, not inviting new comers into cryptocurrency.
We can make some cryptocurrency awareness by using the existing stable coins, and more peoples will know crypto.

if a lot of coins are stable, there will be many people who choose it and there will be no new coin updates popping up. so I agree with you if new coins are better, only a few are listed in crypto.

[Grishanya1234]

I believe that we do not need a lot of stable coins so most of them are tied to the dollar on the market already fairly stable tokens and let's see why we need stable tokens? The answer is simply to simply fix your assets and just store them, and for this purpose a pair of stable tokens is enough.

[lizaangel321]

But we did not receive them, it’s impossible to consider that bitcoin and ether is a stable coin, as the price constantly jumps and not like ordinary currencies and maybe several times. This makes it impossible to set a price for alcoins.

[Docbee]

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

Stable coins have been in the space for quite sometime and in the year 2018 more were launched in the crypto spaece, at that it hasn't reduce the volatility of cryptocurrency, adding more stable coins will not make cryptocurrency stable so more stable coins is not needed.