Binance stable coin

[vanjava]

in my opinion BNB is very suitable for investment for beginners, besides that I also invest in the long term. for me bnb is a fairly stable coin compared to other altcoins like ethereum and bitcoin especially. the increase is also quite interesting for us to see.

[Rapidgator]

Ohh, I thought that you are joking about Binance's stable coin but I just looked at the news and it's recent.
https://www.coindesk.com/binance-confirms-stablecoin-offerings-coming-soon-report
https://www.ccn.com/binance-stablecoin-first-hurt-tethers-dominance
Their coin will be backed by British pound, so it won't rely to dollars I think they're up into something just to change the game of the market.

I'm interested what is going on with that stable coin? Is it going to be something new or just another stable coin but backed by British national currency?

[Kiefner]

I don't consider it a stable coin. It seems to me that it has a good future and I keep it in my portfolio. I think it will grow in price.

[bittick]

Looking forward to this. Curious why cz have an idea to create his own stable coin since there are lot stable coin out there is already using by so many exchange and community. Let's wait for the usability and the advantages compared to other stable coin.

Stable coin is the same, all of them backed up by real money in certain ratio if theres something that makes it different that must be the reliability of the comappny that issues the coin, so basically you dont need to worry about anything else because it is the same thing.

[thunderbitz2717]

Somehow a stablecoin backed by british pound would be less volatile compared to existing stablecoins backed by usd. One main reason is that british pound is less volatile than usd. Thus, bnb stablecoin might lead to mass adoption once created and released.

[Iykecollins]

Binance is going to list first stable coin based on Binance blockchain, but they are also planning to launch their own stable coin.
How many stablecoins we really need?

Exactly the same question I am asking and there haven't been any reasonable explanations to that, so far we have had USDT, Pax, usdc, and Tusd all serving relatively similar purpose of providing a stable coin for hedging, creating another pair is very unnecessary

[dataispower]

What do you imply when you say most stable coin ? Binance stable coin is not yet available, why the comparison with what you termed most stable coin? There are many stable coins pegged to FIAT currencies like USDT, USDC, TUSD, PAX which still maintain their value approximately 1$ for instance.

[bitstalker]

in my opinion it will be the same as the other stable but there is a possibility that stable coin binance will be popular quickly and may have a fairly good volume compared to other stable volume.

[ali115112]

As you know most of stable coin maintain their value and almost little changes but Binance Coin is not stable coin, the price is fluctuated every day.

[fvb]

There is a high probability that by the end of the year this coin will cost more than 80 dollars.  Some analysts' forecasts are encouraging.  Judging by the Binance team, how quickly they develop their plans, that's how it will happen.

[TheHas]

If Binance stable coin is backed by BNB in any way I will sell any residual BNB and pull out all my coins.

Not saying they would try something like that, but Binance has been known to have a bit of 'god' syndrome.

Anything is better than Tether, so Binance should do better.

[Flor1982]

Put your investments in Bitcoin and Etheteum as these are currently the best stable coin in the Crypto market. You may try your luck investing in some ICO too for an affordable starting with bonuses but make sure the projects are legit and the commodity are feasible to the masses.

[knuckey]

I think this is another plan from Binance to dominate its crypto business which goals to monopolize the crypto industry. After success with its IEO platform, Binance Dex and now want to launch its stable coin. What's next? platform provider, Binance smart contract?

[Samboo]

I do not think binance coin is a stable one. To my knowledge, stable coin is stable in price. I mean price will not fall despite a market meltdown or increment. However, I am always believer and supporter of BNB, and I think investment in the coin will be a good and wise idea. So do not get delay to invest in it.

[rosezionjohn]

Binance seems to want to have all products on the market of cryptocurrencies under their control, but I hope they will have competitors.

Not really under their control and they are the competitor here. CZ brought a lot of things into Binance like IEO launchpad, DEX, Margin Trading, and now stable coin but he's not the one who created all these.

[@baoli]

I think this is a kick promotion for bnb by cz. Cz controls happenings of bnb and that gives him leverage toske or mar bnb be it stable or not. If the stable coin is kept stable by the pounds I see it gaining more grounds

[Herbert2020]

just trade to bitcoin and do not think to trade to other altcoins. your goal should be to increase the amount of BTC in your portfolio

^^this.

what i would like to add is what people are missing most of the times about the risks of using other altcoins specially those coins that are fully centralized like this new coin or the old stable coins such as Tether.
not only they are shady but also they can disappear in a matter of minutes if the company goes down. and an exchange issued stable coin is that much riskier since exchanges are inherently unsafe and are going to scam and go down eventually like the dozens of huge exchanges that came before Binance and went down eventually.

[jcarlo]

Binance seems to want to have all products on the market of cryptocurrencies under their control, but I hope they will have competitors.

Not really under their control and they are the competitor here. CZ brought a lot of things into Binance like IEO launchpad, DEX, Margin Trading, and now stable coin but he's not the one who created all these.

Its because binance always make innovation and always want improve their product. If stablecoin launch in DEX, it will increase daily transaction volume in DEX and i think its good company and for daily trader. Trader can make profits daily from their trade by using stablecoin

[cahbagus555]

Guys what do you all think about the most stable coin vs Binance stable coin.

I think stable coin like USDT and Stablecoin from binance is just the same thing. The different perhaps stablecoin from binance run in binance chain and perhaps use for binance DEX. If stable coin in binance chain use for DEX, i think its good news for trader

[amonymous]

I can not give more ideas about it because it is known to everyone that the crypto market is unstable. Therefore, in this crypto market no currency can hold its value steadily. But it can be said that BNB coin is always increasing its price trend. Even their future development plans are being extended, so here are more investors and holders.