DO WE REALLY NEED MORE STABLE COINS?

[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