DO WE REALLY NEED MORE STABLE COINS?

[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.