Will Stablecoins have a future?

[VIP BTC]

stablecoin has many enthusiasts now, the reason is to facilitate the storage of their assets in the form of crypto, or leave Fiat money, so I think stable coin has a quality that is qualified to survive in cryptocurrency.

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[jrrsparkles]

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 not really for invesotrs,it is used commonly by the traders to save their profits when coin dumps and they will later convert into crypto once the price reached bottom so the stable coins will have future until the cryptos are traded but it is nothing to be considered as an investment since the price is not going to bump and also deflation gets the value of holding to be declining on days passes.

[mcTether]

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?

I believe the stable coins have a future and will just be around cryptocurrency till the end of time. Besides, the price of the stable coins is fixed. People will not purchase them with the motive of making profits. They can't be dumped.

[installer]

They are a pretty good method to stay out of the market and be ready to invest in crypto currencies, so I believe that yes, they are going to have a future. But I also think that we do not need 20 stable coins on our market.

[kodtycoon]

price stability should be thumbs up as a form of future investment and everyone wants a stable reality yeah, crypto investors want the same thing even though in reality the current stable prices are not in sight. long-term investments like that are not profitable for me

[mrdeposit]

Why do people need stable coin that will not bring them profit? Stable coins are useful about keeping money constant and paying less fee. Also, the possibility that it can turn to zero at any moment is the other reason not to use it.

[H1N1]

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?

Well, the coin is stable, i think the future will be stable if they not scamming peoples.
Stable coin means the price won't change, there won't be any profit, or loss when holding that coin.
so, i don't know what will be the advantages of holding stable coins.

[Wexnident]

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?

Well I guess stable coins will be a part of private company's asset since no one will trade a stable coin. Having stable coins is like having a fiat version on digital world, no intrinsic value just a fixed value  on it. Surely, stable coins will be important on paying fees and taxes since it is less volatile.

[blokklanc]

I believe in the future of stable coins because they are needed on the market. Not for traders, but for mass adoption
of cryptocurrencies as  the merchants accepting crypto are not willing to deal with the volatility.
I believe in the future of  decentralized stable coins like DAI without  any backing by $ or any other assets.

[eagleman]

I'm not into stable coins and first time of hearing NuBits and as seen with it's price now, it's below the usual USD price.
$0.006 = 1 nubits
Well, it's true that it's possible that this may happen to some stable coins in the future.

[digit]

Stablecoins are a scam, created by bankers to give themselves access to large bank accounts loaded up with millions and even billions of fiat.  

They are not safe as they are not trustless, and the stablecoin creator can do whatever they want with the fiat they acquire from idiots handing over their dollars.  

Fractional reserve, loans, and use of the fiat for other investments is what will happen, with the risk that the entire thing will collapse, they will lose or steal from themselves all the money they have in bank accounts and the stablecoin is no longer backed 1:1 with money held in bank accounts.

[Artemis3]

I have been checking a few of these stablecoins, and one of the most disappointing things is they use someone else's blockchain. Most are ERC-20 tokens, so they use the Ethereum blockchain, and moving it from your wallet needs gas. Tether does the same with the Bitcoin blockchain (you need satoshis). This is not very user friendly. Is there a wallet that, say, can send Tether using only tether (or at least hide from the user that its using a few satoshis by exchanging the amount required?).

[cchub]

Of course they will have a future. They are unstoppable and they are worth 1 dollar. No matter what.

[Kriptos]

until whenever the stable coin will always be needed at this cryptocurrency. because stable coins are very useful for securing the assets of traders when they decide to stop trading and exchange their coins to fiat currencies.

[wendiar19]

Of course they will have a future. They are unstoppable and they are worth 1 dollar. No matter what.

I think that can happen if stable coin still has a request and can still provide a solution because if there is no development and does not have a good project or platform, the coin price will fall very cheaply even the price can be less than $ 1.

[Viceroy]

Of course, stable coins will have a future. Many traders use stable coins as a trading tool. This will continue as long as the cryptocurrency trade lives.

[Sithara007]

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.

[spadormie]

I think that they have a future only as a safe-haven for all of us in cryptocurrency. For example, if you wanted to protect your money, you will be putting all of it on a stable coin such as USDC, USDT. Here is a list of some of those coins.

[AUruHM]

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.

Fully agreed. Stablecoins are the dead way for crypto. Because they contradict the essence of crypto money. I don't see any benefits from other bank's money. Only new players with new rules on money market. But for what? For trading? It's not a main goal for any crypto

[trashman43]

Stable crypto coins are just like any other cryptocurrency and they have good future in some years to come. Most of these stablecoins are used as a pair to other volatile crypto coins on most exchange platforms to help traders and investors to trade with low tendency of them losing money.