💲💲 Stable Coins?? 💲💲

[campusnet]

The use of stable coins often damages unstable cryptocurrencies. But they are also a good opportunity to escape to a safe harbour in any panic environment.

I'm usually using USDT as a stable coin, though I'm not sure whether theoretically, all stable coins have different infrastructures, as a result, there is really a difference between them. All I know is that all cryptocurrencies, including stable coins, need to be have a decentralized structure.

How it could damage unstable cryptos if the use of stablecoin such as USDT is basically the same as pairing your crypto to dollar I just don't get the logic behind your saying. Also you need to know that the word stablecoin and decentralization couldn't coexist. stablecoin still rely on cash.

Because traders can escape to USDT at any time and sell their products. This causes the price of the product to fall. If there were no stable coins, the price of both Bitcoin and other altcoins would probably be much higher now.

I also think like that, maybe the effect of having stable assets is also to save assets from big traders after trading. different from the past, traders save their money in BTC or large assets in other markets. it makes BTC and other altcoin requests very strong.
but this is an update from crypto. we must follow it and this could be a strong reason not to be afraid anymore for new people to invest and trade crypto.

[Impaler]

I mostly use usdt/tether. Cause its available in almost all exchanges. And after that I use tusd/trueusd. Its also fine. I don't like to hold my my in one coin that's why I use 2 stable coin too.

[Roidz]

Among the options, I think the usdt and dogecoin are the most stable altcoins in recent years, and perhaps this is due to the support of large exchanges, but they are not big volume movers. Most of the volume is driven by smaller exchanges and this keeps usdt price stability, and also dogecoin can maintained even though several other altcoins are experiencing pressure from falling bitcoin prices.

[sangjoewara]

Among the options, I think the usdt and dogecoin are the most stable altcoins in recent years, and perhaps this is due to the support of large exchanges, but they are not big volume movers. Most of the volume is driven by smaller exchanges and this keeps usdt price stability, and also dogecoin can maintained even though several other altcoins are experiencing pressure from falling bitcoin prices.

Dogecoin is not included in the category of stable coins, although the price of dogecoin always lasts and there is never any pressure from others, but dogecoin is not included in the category of stable coins, I myself also like USDT and dogecoin, and USDT is a stable coin, while Dogecoin not included.

[dkbit98]

Dogecoin is not included in the category of stable coins, although the price of dogecoin always lasts and there is never any pressure from others, but dogecoin is not included in the category of stable coins, I myself also like USDT and dogecoin, and USDT is a stable coin, while Dogecoin not included.

dogecoin chart

Dogecoin will never be included in this voting list...reasons are obvious  

I did add GOLD token

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I see that 56.4% of voters chose USDT coin.

I have one question for all of you who are still using it,
are you ready to witness sinking of USDTitanic ship?

You should not hold any USDT, as they are again under NY investigation

[lolak2]

I did not see USDC, it become more popular this days, most of used to use USDT, and i think still favorite coin  in the market.

[dkbit98]

I did not see USDC, it become more popular this days, most of used to use USDT, and i think still favorite coin  in the market.

I added USDC to the poll
but I would not suggest anyone who hold any stable coin for long time.
We may see some transition from Tether to other stable coins very soon.

[Almasani]

Before I say thank you for telling all the altcoins that are stable in price. Maybe from all the altcoins, I use Tether more often. To like, I think all altcoins are good. But Paxos uses the ethereum platform, different from Tether.

The stable coins you mentioned are not the best option cause USDT had some allegations which lead to some major exchange delist while Paxos is a token created by a regulated company which automatically make the token centralized and USDQ is a decentralized stablecoin pegged to a dollar and backed with BTC.

Yes. USDQ is a stablecoin, but only uses the Ethereum platform, while USDT has two coins with two different smart contracts. That is USD₮ (Omni) and USD₮ (Ethereum).  In terms of price, almost all of these coins have the same value as a conventional USD.

[X-ray]

Before I say thank you for telling all the altcoins that are stable in price. Maybe from all the altcoins, I use Tether more often. To like, I think all altcoins are good. But Paxos uses the ethereum platform, different from Tether.

The stable coins you mentioned are not the best option cause USDT had some allegations which lead to some major exchange delist while Paxos is a token created by a regulated company which automatically make the token centralized and USDQ is a decentralized stablecoin pegged to a dollar and backed with BTC.

Yes. USDQ is a stablecoin, but only uses the Ethereum platform, while USDT has two coins with two different smart contracts. That is USD₮ (Omni) and USD₮ (Ethereum).  In terms of price, almost all of these coins have the same value as a conventional USD.

Despite only using ethereum platform the network itself is quite sufficient for USDQ to keep up. as I see majority of people who uses USDT choose to use the ERC20 version anyway. However if I were to choose a stablecoin I'd definitely choose the one with the most reliable company backing it up rather than comparing the platform they're in.
After all, a stablecoin will depends heavily on the reserved funds and these funds provided by the company behind the coin and if the company gone wrong or making an exit scam it will be nothing but a useless garbage coin.

[mdzahed134]

I don't think a stable coin is profitable than other coins and I never invest in stable coin but I invest in IEO's. Like Moozicore is the best to invest your money for a long time investment.(https://tokensale.moozicore.com/)

But unfortunately you are going with shit project. Moozicore was failed project but team trying to reach softcap. This project IEO launched in several medium exchanges. Still worthless project. People using stable coin specially for the protect their fund from fall market. This is a stable coin so how can be expect profit here. USDT is the highest using coin in every time. I recommend USDT comparatively with all of the satble coin.                          

[Vitamin_52]

I did not see USDC, it become more popular this days, most of used to use USDT, and i think still favorite coin  in the market.

If USDC is the same as USDT then it is good because the Issuer of tokens will become larger, USDT has too few tokens for the market, only 4 billion. If the market goes up it will be a drop in the bucket

[Moeda]

The most often I use is USDT. The exchange pair is almost always on most exchanges, even local ones. The price is stable, I use it when there is a drastic change in market prices, to secure assets.

Stable coins are good for these coins. But if we hold the coin it will not produce anything. We don't lose, and we also don't get profit. Suppose we have $ 100, and we hold for the next two years. The $ 100 will not change to $ 200 and will not decrease. Unlike holding Bitcoin or other altcoins. If we hold 1 BTC, and we hold it for the next 2 years, chances are that if the BTC price rises, we will get a profit, but if the BTC price drops, we will lose. So the point is I don't like stable coins.

Stable coins are less appropriate to be used as investments because prices tend to be stable. One of the goals of making stable coins is to overcome the high volatility of cryptocurrency.

Yes, stable coins are not right for investment. Because it will not bring benefits to the holders. But if market conditions are deteriorating, then a stable coin is the right choice. The condition is we will not bring losses if the price of coins falls.

[kolonel_x]

The most often I use is USDT. The exchange pair is almost always on most exchanges, even local ones. The price is stable, I use it when there is a drastic change in market prices, to secure assets.

Stable coins are good for these coins. But if we hold the coin it will not produce anything. We don't lose, and we also don't get profit. Suppose we have $ 100, and we hold for the next two years. The $ 100 will not change to $ 200 and will not decrease. Unlike holding Bitcoin or other altcoins. If we hold 1 BTC, and we hold it for the next 2 years, chances are that if the BTC price rises, we will get a profit, but if the BTC price drops, we will lose. So the point is I don't like stable coins.

Stable coins are less appropriate to be used as investments because prices tend to be stable. One of the goals of making stable coins is to overcome the high volatility of cryptocurrency.

Yes, stable coins are not right for investment. Because it will not bring benefits to the holders. But if market conditions are deteriorating, then a stable coin is the right choice. The condition is we will not bring losses if the price of coins falls.

I think investing in a good stable coin is in GOLD tokens with a condition that in the long run a maximum of 10 years because as I know the price of GOLD tends to rise every year, if you invest in the long term for more than 10 years I think it will be profitable.

[btcdie]

I chose tether (USDT) just to save my assets. because the first coin I heard with its stability and also its volume was quite large. At this time many new stablecoin have sprung up with collateral has increased, in an effort to take the place of Tether. for now I still use tether, maybe another time I will move also from tether (USDT).

[shushu9977]

Tether USDT is the most stable and trustworthy to hold best for your business. If we see the last one/two years, we can judge easily that usdt is the most stable coin. It has a great market and it is top five position with great market cap.

[Chemcrier]

My favourite stablecoin when I want to send to a personal wallet is USDC for the simple fact that it's in the Ethereum Blockchain and that is one of my favourite Cryptocurrency wallets, but when I am trading, I prefer to use the USDT pair because it tends to have more liquidity in exchanges but when I want to store to my personal wallet, I don't like to use USDT because of the controversy always surrounding it, I prefer storing a stablecoin that would give me rest of mind.

[dkbit98]

source: https://cryptonews.com/coins/dai/

We should all consider using DAI stable coin instead of all alternative options like USDT.
DAI is now multi-collateral. and there are plans to back it with other real world assets like gold and oil in addition to crypto.
There is also option to earn more DAI just by holding it.
https://makerdao.com/

More information about recent update:
https://blog.makerdao.com/multi-collateral-dai-is-live/

[coinary]

DAI, USDC and Paxos are a good alternative to USDT.

IHMO, DAI and Paxos have a good performance right now.

[fuer44]

Stable coins are less profitable for long-term items, but the advantage on the other hand is that the value tends to be stable can be used as the most relevant estimate for buying and selling transactions, and so far I like the USDT and in the future can be an alternative online payment very nice.

[EdvinZ]

I think most use USDT. And this is true, it is a time-tested stable coin. On most major cryptocurrency exchanges, the main cryptocurrencies are traded in pair with USDT. Therefore, I believe that if you need use stable coins, it is only those that have good liquidity and time-tested.