💲💲 Stable Coins?? 💲💲

[Bitcoin Seller]

Ofcourse the most useful is Tether USDT and I use it often. But I heared that also good is PAX. Many new coins also arrives. Some interesting is USDQ. You can check - it have a good future.

Learning more and more about Libra, the new stable FB coin, I think, it will be supposed to be the best one in 2020. This stable coin will be provided with several national currencies and other financial assets. This will create a digital currency with a stable price, or at least with very low volatility. Everyone can make money transfers and pay for goods and services in Libra tokens, without fear that their money will simply be taken and depreciated.

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[dkbit98]

Binance Launches Dollar Backed Stablecoin BUSD in cooperation with PAXOS,
and it is even approved by NYDFS New York Department of Financial Services.

It will be 1:1 backed by US dollar $

source:
https://www.coindesk.com/binance-launches-dollar-backed-stablecoin-with-nydfs-blessing

[landoffaucets]

I hope that the future belongs to decentralized stable coins and decentralized exchanges. Because then we will not have to be subject to any regulations, there will be no limits for cryptocurrencies. 

[dkbit98]

More news regarding EURO stable coin and LIBRA
https://www.reuters.com/article/us-facebook-cryptocurrency-france/spooked-by-facebooks-libra-euro-zone-to-step-up-work-on-public-cryptocurrency-idUSKCN1VY0H3

[Shadidalam1111]

I use Tether more often. To like, I think all altcoins are good. But Paxos uses the ethereum platform, different from Tether.

[pawanjain]

I am not much of a stable coin user but I kinda use it when I need to make some trades whee I need to buy back the particular coin after some time.
I use USDT to hold the amount and then buy back the crypto when the price goes low. I am not use about Libra and whether it will be globally used but if it does then I will surely use it.
Atleast that way I will be using cryptocurrency regularly.

[illnino]

I use Tether more often. To like, I think all altcoins are good. But Paxos uses the ethereum platform, different from Tether.

Tether is provided with real currencies, and it is a good stable coin. At the moment, there are already coins secured by US dollars (USDT), euros (EURT), and in the near future, it is planned to add the Japanese yen (JPYT). One Tether is equal to one fiat unit and, according to the issuer's statements, it is fully secured by the monetary reserve of the Tether platform. Due to this, this cryptocurrency is not subject to volatility like other cryptocurrencie

[aristecounos]

What Stable coins you like and use?

Please write your experiences, advantages and reasons you use or don't use them.


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Hi
I like counoscoin because It's a powerful project
It has a completely separate network.
It is not based on ethereum

[Pelana vreo]

the more stable coins that support conventional currencies, Binance now has its own stable coin and I see there are already 3 stable coins in the Binance exchange.
the more stable coins I think will make it easier for everyone to be able to make crypto investments easily

[dkbit98]

Hi
I like counoscoin because It's a powerful project
It has a completely separate network.
It is not based on ethereum

First time I ever heard of this coin, and it has no volume at all... that makes it unusable

We are 'Bakkt'

Bitcoin price is going down...
Anyone used any stable coin for this Bitcoin dump, and what exchanges you prefer when using them?

[Fesatmas]

A stable coin is good for the long term, like the GOLD Token, it follows the world gold exchange rate, so within 2 years we will get a good profit.

[jorenpo]

I've been using USDT for a long time now. because it is the one that is listed on an exchange to trade my bitcoin. Not a good investment though because the price did not move even a little. Its good for protecting dump.

[glendall]

Stable coin is like life of cryptocurrency. You can protect your investment from bear market. In this stable coin I don't find the name of Binance USD. Binance USD is another service from Changpeng Zhao.

That was a long post before Binance made a stable coin, that's why it's not on the list.
Stable coins actually will only make money out of control if the project owner does not have a back up,
actually only 2 or 3 stable coins are enough, this is even more than 15 and continues to grow each year.

[lolgato1]

I trust only in Paxos and Gemini Dollar, both of them are regularly audited, fully backed by dollars, but are they really stable? Stable in a time? Dollar is loosing its value, so it is not the best way how to store your money for a long time.

[ned.ryerson]

Stable coin is like life of cryptocurrency. You can protect your investment from bear market. In this stable coin I don't find the name of Binance USD. Binance USD is another service from Changpeng Zhao.

That was a long post before Binance made a stable coin, that's why it's not on the list.
Stable coins actually will only make money out of control if the project owner does not have a back up,
actually only 2 or 3 stable coins are enough, this is even more than 15 and continues to grow each year.

of course, 2-3 coins are enough, but now the situation is not so stable that we cannot know which of the 20 existing stablecoins will stay with us in a few years

[plast555]

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.

[kramchers]

Stable coins are being use just to take easy on the market.
If you think cryptocurrency will go low at that day then you can buy any stable coin on that exchange.
but dont stay long you should buy back cryptocurrency after few hours or resting.

[poodle63]

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.

[Chrystora123]

Stable coins are being use just to take easy on the market.
If you think cryptocurrency will go low at that day then you can buy any stable coin on that exchange.
but dont stay long you should buy back cryptocurrency after few hours or resting.

I currently use this method on my Blockchain.info account, this afternoon I saw the price of Bitcoin go down by 10% then I quickly swap it to USD PAX so that my assets are maintained.  I continue to monitor the market and news, so I can decide when to swap my USD PAX to Bitcoin again.  Stable coins are really useful.

[plast555]

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.