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

[Lagonda]

So many topics with "Libra king of crypto" or something like that already and now at least there's a meaningful topic. Since USDT is flawed while other stable coins are too small in market cap, Libra may be the stable king with its huge supply and big investors' fame. Yes it maybe used as a base trading coin then.

[vladimirhf]

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

it's a possibility. but with partners like paypal and coinbase I think they will make much easier for new users start buying crypto.
They target a much larger user base compared to the number of crypto traders.

[perla]

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

it's a possibility. but with partners like paypal and coinbase I think they will make much easier for new users start buying crypto.
They target a much larger user base compared to the number of crypto traders.

If paypal can fully support or maybe partner with crypto, maybe it will be something that really good. Until now, from what i see is people compare bitcoin/crypto and paypal and not see yet if 2 of that kind of currency support each other.

[halpi]

lol.
Libra is not a stable coin, it is like a classical stock exchange with lo growth/fall.
Also, it is not for trading, it is for using, dont think that crypto traders will use Libra

[Leyss]

Scales will be one of the stable coins, and no more. It is unlikely that this stable coin will greatly affect other stable coins. So far, there’s nothing to talk about. Let the scales first show their functionality, and then everyone will decide which stable coin to use. So far I only see a fuss about the scales. Time will tell what it will be in practice. In general, I appreciate her appearance. This creates good competition for stable coins.

[lohladex]

I quite agreed with that statement . Libra will  be Globally embraced and it will have effects on most stable coin though it will never stop their existence but most people will prefer to exchange their crypt assets into Libra. Besides, Libra i partnering with some payment processing giant which will facilitate direct conversion into fiat. This is indeed a a very positive development in Crypto Space but nevertheless , it will never stop the existence of all other stable coins .

[Kulkhan]

Libra Will come  it is not sure . Because ist Has many obastragal. But if Libra came it will kill stable coins and will be a best trading pair for Bitcoin , i think it.

[tippytoes]

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

it's a possibility. but with partners like paypal and coinbase I think they will make much easier for new users start buying crypto.
They target a much larger user base compared to the number of crypto traders.

If paypal can fully support or maybe partner with crypto, maybe it will be something that really good. Until now, from what i see is people compare bitcoin/crypto and paypal and not see yet if 2 of that kind of currency support each other.

They have large fan base already when you talk fb alone. So what they can do is how to attract those users to use their coin. There will be hesitations at first because most of them have no idea how to use crypto. But later on, once everybody is using it within their platform, adoption will come easy. But we are all speculating things here. And Libra is not even listed in the market. 

[Olatunjex]

Every opinion now is a mere speculation, the success of Libra is not stamped, it could flop if something go wrong with it, i can't say yet if libra will kill available stable coins.

[asbak66]

Well I'm gonna wait till it's already available on trading floor. Of course people very excited and gonna look it soon. But still we must wait till already happen.
Libra have big potential to become the biggest stable coin cause it's Facebook, but I'm gonna wait till already available.

[yvesp110]

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

The times for centralized stable coins are now limited. It would highly depend on how decentralized would the Libra stable coin would be.
On comparison, Libra would surely be a instant hit as the current most used stable coin is a shady token from a shady exchange.

There is no doubt that it is going to be a killer coin and the hype already been created is going to be something that will make millions of people invest in the crypto with billions of dollars pooling into the account of the management. About the performance, I am not sure yet if it would be able to kick out the rest of the stable coins but it looks like it is going to be big.

[Xardasim]

Libra's creator has a big role in this regard. Even the "bigger"s that he already agreed on are extra. But I do not think that the main goal of Libra is to create just a stable coin, it is something much bigger and different.

[Nivia1st]

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

this is just speculation and I'm not sure about this yet. I even doubt whether later Libra can be traded freely. You know that US regulations are very strict about crypto. so it's difficult to make the libra develop. so I think the first step is to make how libra can be accepted by that country.

[mr_random]

Libra is the biggest war against the crypto ecosystem and it will be a stable backup of the main cryptos with time. I don't see any clear reason why it is not pegged to top cryptocurrencies. Stable coins will suit more than enough.

[styca]

I agree that it may become the main stablecoin. We are all a bit wary of Tether I think. But I hope the Facebook coin is not a success. It's big business trying to muscle their way in and take over crypto, and I don't like Facebook at all. I think their target here may be the US dollar. I would not be surprised to learn that Facebook wants to become the new world currency.

[logicgate]

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

it's a possibility. but with partners like paypal and coinbase I think they will make much easier for new users start buying crypto.
They target a much larger user base compared to the number of crypto traders.

  It is going to be more easier for the people around the world to buy and hold crypto after Libra is in the market. You do not need to have a credit card to do the payments etc. Libra in this regard would be heavily demanded and I am expecting some good financial gains for the investors and for the company as well. How efficient it would be is still a question.

[FLHippy]

I do not see any reason why Libra should be more trusted than Tether. Both are centralized, both will have a problem with transparency of pegged dollars.

[thehulkk]

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

I disagree with your thoughts, Libra can be a great currency but it is difficult for it to kill stable currencies. Stable currencies like USDT have a great reputation in the market, I will personally choose USDT instead of Libra.

[katerina5643]

tbh its a very controversial news. on the one hand Global coin will be really easy to get, retain & use it. But on the other hand we dont know exactly about its safety and real purpose.
however, it seems to be good payment system.also u can read more information here https://finance.yahoo.com/news/facebook-inc-fb-wants-more-220415665.html

[bitcon]

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

Why do you think so? Libra will be something new, and people are not always ready to trust new currencies. Stable coins exist already, but still, Bitcoin is a trading pair with a dollar, not with other currencies.