Libra May kill all stable coins and may be best trading pair for bitcoin

[danherbias07]

You mean an escape route for whales? 
That might happen. The good thing is the coin is not USD name but still I think they will equal it to USD if converted.
There is no way Mark Zuckerberg will have another bitcoin like or ethereum like coin which is too volatile.
His company will be questioned a lot if that happens.
AML and other stuff will be glued to him if he doesnt follow the rules of the government he is in.

[Fredomago]

Its too soon to said libra is going to be a good coin, as I know Libra is a new coin that got huge popularity but the usage and implementation still not yet determined, from the speculation and prediction this coin us going to be a huge success and become the popular stable and centralised coin, but we still don't know how will the market react

Still too early to give assumptions with this coin if it's going to be a good stable coin after it's been introduced inside the market, it will depends on how much support it will get from the end users Itself and how it will perform after being listed inside the exchanges, we can only speculate but nothing is certain.

[romanij]

No, I deny that this could happen. Libra is likely to be a nominal coin for reporting but no more. Old cryptocurrencies will not lose their positions and strengthen them. Due to the fact that Libra will give the market a good popularization but she will remain underutilized.

[mikelsmith2020]

We'll see about it but do you have some supporting information or any opinion of yours why do you think Libra might kill USDT and other stable coins and be the best trading pair for bitcoin? I've read somewhere in the forum that they are not supporting Libra since it's centralized and handled by a company or a government I think?

[disconnectme]

Libra May kill all stable coins and may be best trading pair for bitcoin

Can you imagine moving Million of USD and the Facebook team stopped the transaction because it was deemed illegal of flagged, Libra is centralised and people won't trust it, just wait and see and this coin would end before it even started

[poodle63]

Libra May kill all stable coins and may be best trading pair for bitcoin

Can you imagine moving Million of USD and the Facebook team stopped the transaction because it was deemed illegal of flagged, Libra is centralised and people won't trust it, just wait and see and this coin would end before it even started

That'd be a huge pain in the ass but I'm pretty sure that people who have used USDT will still stick to it anyway. I just got used to the saying that if it ain't broken dont fix it, moreover so many peolpe put their eyes to Libra seems to find any smallest mistake exist for sole reason to take it down.

[RealMalatesta]

You mean an escape route for whales? 
That might happen. The good thing is the coin is not USD name but still I think they will equal it to USD if converted.
There is no way Mark Zuckerberg will have another bitcoin like or ethereum like coin which is too volatile.
His company will be questioned a lot if that happens.
AML and other stuff will be glued to him if he doesnt follow the rules of the government he is in.

I think this would really not matter to Facebook gain, because Facebook has a userbase of over 2 billion people, and the people that may pick interest in Facebook coin are still within this figure, in which they already have their KYC done already on Facebook while they were registering on the Facebook platform, so there is nothing new about the KYC to tem again.

I think people will still prefer to use Facebook coin even when they are fully aware that it will run on centralization platform, Most stable coin they are using already like tether and the rest are also centralized coin, which I do not think that they have had issue with, other than the issue with bitfiniex, and for this reason, people may prefer to use Facebook stable coin over them.

[Tylev]

The popularity of the Libra coin will be shaped by the users themselves by this coin. It is hardly to be expected that everyone will rush to use Libra, leaving their former stable coins. Therefore, I do not believe that this new stable coin can have a strong negative impact on other traditional types of stable coins.
Already, with regard to Libra, there are great concerns about the possible collection of information about its users and their transfer to government agencies. People are unlikely to risk their privacy.