dingo25 (OP)
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April 07, 2020, 06:21:33 AM
Last edit: April 07, 2020, 09:43:38 AM by dingo25 |
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Everyday more and more payment providers accept stablecoins like USDT and USDC as payment. Will they be the future of crypto? Yesterday PolisPay just added 3 stablecoins as payment for the first time. https://twitter.com/PolisPayApp/status/1247319714130546689 |
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adamistraybar
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April 07, 2020, 06:24:41 AM |
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I like them because there a good way to hold coins in crazy times for example in the crazy crash that happened due to the corona virus recently..
I converted all my bitcoin to tether and It saved me thousands of dollars
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shinratensei_
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April 07, 2020, 06:33:57 AM |
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Why not? it can be an alternative payment system too that will be fully transparent and it's not even controlled by a single entity like another model on the payment system too. Im feeling so good to see that caused by we will see the real adoption that will be happening in the crypto. Stable coin becomes the next online stable currency that will be much better than fiat especially to be used in this pandemic. |
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Lhaine
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April 07, 2020, 06:37:53 AM |
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Future stable crypto ,not a future crypto this coins is only use as alternative to usd so people can trade normally without the need of having it in fiat money. The good thing about usdt is if you have that amount in a moment that the market crash you can easily buy back the coins you want to buy. Without the needs of deposting your fiat money traders like it because in time like unexpected crash there is always a problem depositing using bank transfer and other method. |
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itsv
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April 07, 2020, 06:47:08 AM |
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Yes as if some cryptocurrencies do not support a fiat transaction, stable coins will become the solution. And Also in times of volatile market stable coins are the choice of every trader in uncertain times. I think In future we may see government backed stable coins on blockchain unlike petro dollar which isn't widely accepted.
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Mighty_crypt
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April 07, 2020, 06:56:02 AM |
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Stable coins can't be the future of crypto, it will always be side by side with volatile coins because of its usefulness but to say the truth people prefer volatile coins because of gains, you can't make profits from stable coins, you can't mine table coins either
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akhjob
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April 07, 2020, 07:21:01 AM |
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Just because Polishpay and other payment providers accept stablecoins like USDT and USDC as payment doesn't mean that Stateblecoins are going to be the future of Crypto. The reason why payment providers opt for stablecoins is that Stablecoins are almost non-volatile and holding them doesn't incur any loss. The only purpose stablecoins serve is avoiding severe loss during market crashes/dumps in the volatile market, apart from that I don't see any use-case. We already have quite a handful of Stablecoins and Crypto market doesn't want anymore Stablecoin to serve the same purpose.
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jessyj48
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April 07, 2020, 07:26:50 AM |
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What makes crypto interesting for investors is the ability to buy low and sell high, this doesn't happen with usdc, usdt, TUSD and others, it doesn't make sense to keep stable coins, they are only useful if you are a trader
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trauchot
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April 07, 2020, 07:58:52 AM |
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It is difficult to say, but stablecoins are gradually becoming very popular and many investors like to keep their investments in stablecoins, therefore, I think that a lot of companies will create stablecoins, and in my opinion this is very correct and reliable.
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cahbagus555
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April 07, 2020, 08:17:21 AM |
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In my opinion, stablecoin is not the future of cryptocurrency because stablecoin is no different from fiat money or digital money. In contrast to fiat, cryptocurrency should be used as an asset and stable in my opinion is not an investment because it is no different from the money we hold |
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jossiel
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April 07, 2020, 08:37:18 AM |
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Just like the other altcoins, they can accept any altcoins of their choice. But it's nothing different just like the fiat money that we're using.
It's not decentralized and it's up to the people what we'd be choosing to use. The governments are in their plans of making CBDC which means their own cryptocurrency backed by real money.
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dingo25 (OP)
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April 07, 2020, 09:13:33 AM |
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What makes crypto interesting for investors is the ability to buy low and sell high, this doesn't happen with usdc, usdt, TUSD and others, it doesn't make sense to keep stable coins, they are only useful if you are a trader
Quite the opposite. I think if you want to use crypto in your daily life you need a coin that is as stable as possible. That's why i think stablecoins will slowly become more and more popular and coins like Bitcoin, Litecoin etc will become digital gold. |
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Strongkored
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April 07, 2020, 09:17:23 AM |
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Stablecoin is not the future, it is the same as Fiat or it can also be said that is Online Fiat, as far as I know the use is limited in the crypto world, not yet in the real world which means merchants receive stablecoin as a payment.
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Farma
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April 07, 2020, 09:19:01 AM |
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I think that coin stability is contrary to the crypto principle that we support, which is decentralized crypto. but, many people use stable coins to secure their assets. so far, stable coins have shown so many benefits, so whether it will be the future, or not, I will continue to support it.
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Yudhisthir
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April 07, 2020, 09:22:58 AM |
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Stablecoins are a type of cryptocurrency. They can be the future of our day to day transaction but we can't call them the future of all of cryptocurrency as they would just represent a genre.
They can surely be the cryptocurrency with largest volume and use as they'd be much closer to how we use fiat.
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michellee
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April 07, 2020, 09:31:02 AM |
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The volatility of the stable coins is not too high or low, and fiat money is work as the way we know. But the cryptocurrency has the volatility that will be different than the stable coins, and I think the other coins besides of stable coins will be the future because each coin will have potential to develop and grow more than the stable coins.
When the merchant wants to add stable coins for the payment systems, that means, they allow their customer to pay to use those coins because that coin is not too volatile. Their customer doesn't have to worry if the value will increase or decrease or adjust with the fiat money.
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tbterryboy
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April 07, 2020, 09:38:15 AM |
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I like the concept of stable coins but none of the such coins are seeming legit as per my study. Here I am really afraid of most of the stablecoins currently in the market may end up like how liberty reserve was seized by US governments. So far all the stable coins in crypto space are just corporate coin which may plan up exit scam unlike most other decentralized coins are doing. Yes, I look for decentralized stable coins which only can survive beyond government regulations.
We cannot assume all the stablecoins are future of this cryptocurrency space; only very few may sustain along with us to serve us. But we cannot predict which is going to stay and it is going to die because we are still in the early stages of stablecoins era. But, I am expecting the decentralized stablecoins to be launched soon.
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rdewilde
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April 07, 2020, 09:47:56 AM |
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No it won't. Although it is stable in price thus a good one during bear market but it can hardly be the future of cryptocurrency. Remember it's usefulness is reduced when there is a bull market, that is, during bull market everyone tends to be in their desired coins to be part of the growth and vice versa. In my own opinion, they are serving their purpose and same is other coins, in some platforms as well they use BTC, ETH, name them and it all depends on what the platform wants for their users.
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Pffrt
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April 07, 2020, 10:08:59 AM |
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There is no difference between stable coin and the fiat currency, they both are centralized and they both can create currency our of thin air. So, I wouldn't call stablecoin as the future of cryptocurrency. They are only another form of fiat and no more use of them. No crypto enthusiast would be interested in stablecoin ever because of their cebtralized nature.
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enhu
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April 07, 2020, 12:57:22 PM |
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Yes they are the future of payments. USDT were being used to pay in one of the campaigns here in the forum that should say a lot for what stablecoin's use. Stablecoin has many use, hedging is just one which you as a trader will really find it very much of a relief when you move your money to it before the bear starts rallying. There is no difference between stable coin and the fiat currency, they both are centralized and they both can create currency our of thin air. So, I wouldn't call stablecoin as the future of cryptocurrency. They are only another form of fiat and no more use of them. No crypto enthusiast would be interested in stablecoin ever because of their cebtralized nature.
Its exactly what is should a fiat currency which is why Polispay accepted it. |
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