DO WE REALLY NEED MORE 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