DO WE REALLY NEED MORE STABLE COINS?

[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.