Anyone working on any ideas for stable coins?

[VSYNC_]

Anyone trying to develop new kinds of stable coins?  Was thinking of setting a group up to discuss ideas, learn collectively and pool resources.  Any interest?

[fuer44]

why develop a stable coin? as an online payment function? then it's not much different from a credit card or paypal, then is this the purpose of crypto? I do not think so. people need assets to continue to grow and be unstable.

[BigBoy89]

Anyone trying to develop new kinds of stable coins?  Was thinking of setting a group up to discuss ideas, learn collectively and pool resources.  Any interest?

Not really.

Stablecoins requires huge real-world finance backups, not extensive development. And the market is already flooded with enough, with only stableDollar coins being successful. I don't see any volume on any stable Euro/GBP, so even these are not valid niches.

[joshua123]

Anyone trying to develop new kinds of stable coins?  Was thinking of setting a group up to discuss ideas, learn collectively and pool resources.  Any interest?

It's not like its same kind of token like erc20 which can be easily set up and develop using eth smart contract. Of course you needed some arrangement with some huge finance and even institution to launch it. CNY  Rubble, and other new stablecoins has been set up with large group. Though there are some stablecoins that are launched by private entity which does not have any permission or even relation to any country.

[BeManga]

Anyone trying to develop new kinds of stable coins?  Was thinking of setting a group up to discuss ideas, learn collectively and pool resources.  Any interest?

stable coin is good if backed by a whole country or fiat currency because the demand is the key for the price to be stable
if the demand cant support the supply there is a high chance that holder will just lose some money because price will always drop
so if the stable coin cant support the demand is not good idea to hold some of it

[Malam90]

Anyone trying to develop new kinds of stable coins?  Was thinking of setting a group up to discuss ideas, learn collectively and pool resources.  Any interest?

A stable coin needs huge financial backed up, popularity and acceptance in the cryptoworld even in the few countries. Development is not very vital here. You can find more then 3000 coins are already in the market but stable coins are only handful turn.

[passwordnow]

What's your idea? do you think that the stable coins we have currently isn't enough for the features that you want to be satisfied with? I'm not a developer but if there are developers out there and wants to improve the current stable coins we have, what that could be?
The company backed up stable coins are already there and they have invested to back up the coin with real assets. So, having an idea without sufficient fund to execute it, I think it will be waste of time.

[mrdeposit]

Anyone trying to develop new kinds of stable coins?  Was thinking of setting a group up to discuss ideas, learn collectively and pool resources.  Any interest?

Do not we have enough stable coins on the market? Will you be able to create an innovative stable coin that will be useful for the market? I do not want to launch this kind of coin, maybe it is useful in trade, but I do not trust them. Best of all, let's leave it to the developers so that shitcoins will not increase.

[alrose]

USDT is currently the best stable coin.It is included in many currency pairs and is secured by $.Why reinvent the wheel if it already exists!).There are enough stablecoins now, so it seems to me there is no point in creating a new stable coin.

[Metall303]

why do we need more new stable coins? Now people don’t even need those that are now we have. Only a few stable coins should remain on the market and no new ones should appear.

[btcdie]

I think stable coins are only to help traders fully, although they can also use stable coins as a transaction tool. Stable coins require community and there must be a specific benchmark like 1 Tether = 1 USD (fiat money) or behind that there must be something real and something like that. so if to do development like this one thing to note, how to build one's popularity and trust. the popularity of crypto only requires coins like BTC, ETH, XRP or others, so stable coins are no different from paypal, credit cards or the like.

[crwth]

Just like what others said, why do we even need more stable coins? I think those who are trying to create more coins should stop; it's just diluting the market, and more people would see as cryptocurrency is just a joke or something. The effort takes to create one is not that hard, and scammers are taking advantage of that.

The main effort should go to the adoption phase for different countries. Mainly, the most accepted ”stable” coin would be the start Currency for any country, and hopefully, people won't see cryptocurrencies as a joke just because of the scams.

[tiang_tower]

Making stable coins is not easy, because now there is a lot of competition, after all stable coins that have already been born are also adopted through the value of the original currency, so it is very difficult to reduce prices in the market, and if you can be able to make new stable coins , then you are very extraordinary.

[Eternad]

Making stable coins is not easy, because now there is a lot of competition, after all stable coins that have already been born are also adopted through the value of the original currency, so it is very difficult to reduce prices in the market, and if you can be able to make new stable coins , then you are very extraordinary.

Those developers who will be able to create stable coin that can benefit or be use by the government is a good idea like government having their way to show transparency. In our company there is a developer whose also in crypto whose suggesting it as way of buying merchandise in our company as its related in merchandising.

[tsaroz]

Stablecoins needs to be backed by equal amount of fiat as collateral and audited by independent auditor. i.e. you need a huge capital to start with. It's not like the crypto project you could start with a 2 members team. The primary focus of stablecoins is the adoption and trust. A starting stablecoin should have a partnership with at least a good exchange or a few.

[Furious 7]

Stablecoins needs to be backed by equal amount of fiat as collateral and audited by independent auditor. i.e. you need a huge capital to start with. It's not like the crypto project you could start with a 2 members team. The primary focus of stablecoins is the adoption and trust. A starting stablecoin should have a partnership with at least a good exchange or a few.

Yes Stablecoin must be strong from the support of fiat or gold and others, after that it is audited for the truth and the choice of the developers, and I think trying to develop a stable coin is not easy. There are several processes that must be passed for many to believe in the community.

[bahlulfahrul]

trying to develop new types of stable coins must have a huge real-world financial reserve to back up the coins to be stable and not dump.

[acdc]

I think the current amount of stable coins is enough for the entire cryptocurrency market, and new stable coins are not necessary. USDT is a very reputable currency and it is doing very well its job.
Besides creating a new stable coins project costs a lot of money and legal procedures, investing in a new stable coins project is not feasible.

[nancy]

For what? There are already too many of them

[tinyteapot]

Anyone trying to develop new kinds of stable coins?  Was thinking of setting a group up to discuss ideas, learn collectively and pool resources.  Any interest?

Can you share more information about your stable coin group, it might motivate pore people to go into it if your ideas are great and impressive.

Anyone trying to develop new kinds of stable coins?  Was thinking of setting a group up to discuss ideas, learn collectively and pool resources.  Any interest?

A stable coin needs huge financial backed up, popularity and acceptance in the cryptoworld even in the few countries. Development is not very vital here. You can find more then 3000 coins are already in the market but stable coins are only handful turn.

I do not support this opinion about the financial position of stable coin owners, any stable coin can be successful if it has a good and demanding product.