DO WE REALLY NEED MORE STABLE COINS?

[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