Will Stablecoins have a future?

[bakulgarem]

in my opinion, for USDT, it should continue to be stable following the USD price because this is a benchmark for the USDT price, if it experiences a decline far from that it will not last long in the market.

[Artemis3]

Why do we need these stablecoins, when we already have similar currencies in the form of Paypal and Skrill? A stable coin is just a digital version of the United States dollar. It has nothing to do with the original crypto-coin invented by Satoshi. It's exchange rate will be determined by the central banks of the United States.

This is because you haven't lived in the other side of the fence, in a country where you can't just buy USD. And even if you do it in the black market, you end with physical money you can't use online. Paypal, no credit card? Too bad, can't use it; and hope they don't chargeback scam you... Skrill also has obnoxious rules, like Neteller and others hostility against crypto. There is AirTM trying bridge them all but their fees are outrageous.

Not all stablecoins are pegged to the USD, some are pegged to the EUR, or some other fiat or asset.

[Abiky]

People are using stable coins and they are pretty useful. I have no doubts that stablecoins have a great future, but the only question is if we really need so much stable coins that are on the market now. We can easily handle our transactions with only several stablecoins. I do not need 20 of them.

Stablecoins may be useful to protect against the dreaded volatility of crypto. However, their stability may be questioned as they're traded on the free market. Not to mention, most stablecoins are not backed by governments which gives a higher risk than regular Fiat. Some are backed by the issuer's holdings at a bank account, while others are backed by algorithms. Which means, that their peg could fail in the future if anything goes wrong. It happened once with Tether and it could happen again in the future.

Nubits on the other hand, is another stablecoin which promised a 1:1 peg to the USD but now it's history. While I agree with you that there's too many stablecoins in the market, sometimes this is good as it brings people with a variety of options to choose from.

Nonetheless, the future of stablecoins will greatly depend on investor interest across the crypto market. Just my thoughts

[Beldon]

I am sure that stablecoins will have a good future if the team involved can make it grow better, all coins will surely have a good future if the team is able to make it grow well and can make it more widely known

[demonz666]

in my opinion stablecoin will have a future. because this coin is created anti-volatility and aims to be used for everyday transactions. like to pay bills and buy daily necessities. As cryptocurrency stablecoin grows, it will be needed as a counterweight to crypto coins that have high volatility.

[soramon]

From my perspective stable coin will have a good future. Investor more like stable coins instead "hype" coins. If it grows bigger it might be a oppurtinity to get a big profits. Also cryptocurrency will be a favourite investment for investor.

[Viper_Unleashed]

During last bull run the prices of alts rose because there were not enough pairing to buy bitcoin and ethereum and thus the market makers and investors were looking for stable coins which needed to be backed up by something and can be easily bought directly without being forced to make their fiat converted to ethereum or bitcoin to buy any altcoins.Also introduction of stable coins will also help in making the market bit stable,which is one prime concern for big investors.

[darkangel]

Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past.

NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.

Nonetheless, do you believe that stablecoins will have a future? If not, why?

Stable coins are a necessity in the highly volatile market. It may not entirely solve the problem but it helps in managing risks. I believe stable coins will hang around for a while because its obvious that this market thrives on volatility which influences profits and loss

[Bitfling]

Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past.

NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.

Nonetheless, do you believe that stablecoins will have a future? If not, why?

Stable coins are a necessity in the highly volatile market. It may not entirely solve the problem but it helps in managing risks. I believe stable coins will hang around for a while because its obvious that this market thrives on volatility which influences profits and loss

Stablecoin needed for people who trade in market. I am agree stablecoin help in managing risk. More stablecoin i think its good because its give more supply fresh money in market and it will increase the price. I think stablecoin have a future but for trade to manage risk

[fosco333]

Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past.

NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.

Nonetheless, do you believe that stablecoins will have a future? If not, why?

Stable coins will have future if they the value keep stable in the future.
Many peoples will using stable coins for investing or trading in cryptocurrency exchanges.
Or many peoples can avoid the volatility of cryptocurrency by converting their coins to stable coin.

[anggaem]

Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past.

NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.

Nonetheless, do you believe that stablecoins will have a future? If not, why?

we can predict anything, but i think we dont need stable coin at all.
it's useless for me because im only trading BTC-ALT.

[alt-fire]

Stable coins was a hype. But some of them, surely - has a future. Tether, USDT, USDC, Gemini dollar - all this already has a good reputation and a real stable. But I know another kind of dtable coins - they not connected with dollar or any fiat currency. Take a look at WPP energy. They planed to becaome a stable token but their price have a connection with hydrogen cost.

[raghovsing34]

Of course stable coin has a great future. Cause it’s very important part of volatile cryptocurrency. We Can't take much risk by investing our all finds in volatile crypto coins. We need some stable coin too. So in my opinion stable coin have bright future.

[Abiky]

Stable coins are a necessity in the highly volatile market. It may not entirely solve the problem but it helps in managing risks. I believe stable coins will hang around for a while because its obvious that this market thrives on volatility which influences profits and loss

Agree. If Stablecoins wouldn't had been invented in the first place, investors and traders would've been troubled with the volatility inherent within the crypto market. With the inception of Tether (and now several other Stablecoins), investors can rest assured that their investment is always worth the price of a USD. Of course, this approach is not perfect, as we've seen that sometimes prices fluctuate below the $1 mark. But, it's the best alternative out there for those who don't want to cash out their crypto into the Bank.

Knowing that Stablecoins provide ease-of-use for the unbanked people, makes mainstream adoption widely possible. If Stablecoins always manage to remain pegged to the USD, then there shouldn't be nothing to worry about. Otherwise, there would be no sense of acquiring Stablecoins if they turn out to be as volatile as other cryptocurrencies. This situation happened with NuBits where now it's still struggling to go back to its original price of $1 USD per coin.

Nonetheless, it's hoped that Stablecoins would change our world for the better as they merge the good stuff from crypto and Fiat within a single currency. Just my opinion

[dicaprio]

Stable tokens will have a future anyway. This is normal because stable tokens must retain their value. I hope that cryptocurrency will have such an opportunity, especially if we use it with you today.

[nutriagrigia]

Stable tokens will have a future anyway. This is normal because stable tokens must retain their value. I hope that cryptocurrency will have such an opportunity, especially if we use it with you today.

You are right that the stable of coins has a future, but it is important to understand that only a few coins have it. I think that in 3-4-5 years there will be only 2 stablecoins.

[shinratensei_]

Stable tokens will have a future anyway. This is normal because stable tokens must retain their value. I hope that cryptocurrency will have such an opportunity, especially if we use it with you today.

You are right that the stable of coins has a future, but it is important to understand that only a few coins have it. I think that in 3-4-5 years there will be only 2 stablecoins.

It has a future when it's backed by a real dollar but it has no future when it was avoiding any audit just like tether when it has stated if the company maybe didn't have enough dollar funds to back the total USDT that already available in the market.

[leetcoiner]

I would very much like to reduce the number of scam coins.  Then the investment in really working coins that bring profit will increase.  And when these coins will be up to 20 pieces then there will be growth and stability.  And now there will be nothing.

[andreizver]

For now have a future only old stablecoins like USDT, etc. New coins in this market is only want tocatch the hype, but hype already passed and we got a new trend - IEO. So new project prefer mention this trend now.

[Ochakemaput]

I would very much like to reduce the number of scam coins.  Then the investment in really working coins that bring profit will increase.  And when these coins will be up to 20 pieces then there will be growth and stability.  And now there will be nothing.

to now reduce fraudulent coins that make investment in the market reduced very difficult. we can see until now we still see new projects and scam projects continue to exist, it is annoying. but we can only do personal analysis.