Will stablecoins be the future of cryptocurrency?

[BlackFor3st]

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

This is what I saw also as most of the countries that will likely to create their own stable currencies in order to preserve the value of their digital money. There are few countries already that are planning or have launch their own local currency that will be use in their country so we can expect that in the future we will be using a stable currency if in case majority of the governments will not favor in using the existing crypto currencies out there.

But all of it will depend to the decision of every government and with regards to usdt and other stable currencies, there is a very less chance that they will be adapted by any country as their main payment system as most of the countries will likely to create their own in order to have a control of the said currency.

[LbtalkL]

For me, Stablecoin will still exist in the future it will play a part in crypto space but I am not saying that stablecoin is the only future of cryptocurrency it is only a part of it. What do you think will happen if only stablecoin are left on the market? You can't trade anymore, you can't gain profits. Like trade USDT to BUSD with the same value not gonna happen. I believe bitcoin is the beginning and the future of cryptocurrency and also major altcoins.

[SyndicateLabs]

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

Why do you think stablecoins are the future of cryptocurrencies? I think Bitcoin and the leading altcoin in this market are the future of crypto. Stablecoins are accepted by many companies because they are stable like the USD, and companies will not suffer losses if the market collapsed when accepting payments

[thiscomm]

no, in my opinion stablecoin will only be used a lot when the economic downturn is as much as it is today. because the red line down has destroyed the market price, so to overcome this many choose to sell their volatile coins into stable coins. so many are forced to provide payment and receipt of stable accounts.

[masterrex]

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

Stablecoin as the future of cryptocurrency? I don't see it that way, but what I believe is that stable-coin and crypto-currency are both useful in the industry because it gives the market more liquidity and more choices like trading in different pairs such as USDT, DAI, etc stable-coin was created for a reason, purpose, and function to make the cryptocurrency industry more attractive.

[Captain Corporate]

 Depends if a decent company actually does this, maybe a company that is already big enough. For example Libra was seen as the big deal, there was so much attention towards it, was said to change the crypto future all by itself, but it didn't happen and now that there is corona I am sure not that many people work on it and its on standby for sure and not many governmental stuff going on neither so I suppose it will be postponed at least a year or so.

 If Libra or anything like that happens from a company that is huge and known by everyone and has a huge legal standing, than stablecoins could actually become insanely high and could be just full on amazing to use as well, all around the world for everything basically.

[Slow death]

stablecoins will be government targets in the future, besides what is the point of people using stablecoins as a means of payment if altcoins exist? what was the purpose of creating altcoins? I see them talking about decentralization, so I ask again what is the point of using stablecoins as a means of payment? and what will be the use of altcoins in the future if stablecoins are used as a means of payment?

[shaydinblue]

what if there was a decentralized coin where the circulating supply was controlled by the users/stakers through voting in an attempt to stabilize the price but still allow for growth...

[eaLiTy]

Everyday more and more payment providers accept stablecoins like USDT and USDC as payment. Will they be the future of crypto?

It is hard to claim that stable coin will be the future of crypto as there is no guarantee that it will not fail, we have already seen failed stable coins in the market for example, NuBits and Basis and the reason for failure are different in both these cases and we all know about the issues for USDT and their transparency issues and their legal troubles, so to consider stable coins as the future you need to think about how you are going to trust the audits and how different countries will be regulating them.

[Vishnu.Reang]

Stablecoins doesn't have any independent existence as such. They are only used in those countries, where it is illegal to use fiat currency to trade crypto. And most of these stablecoins doesn't have much volumes outside the exchanges. They are being used as an intermediary, before the trader can convert his coins to fiat cash (or vice versa). Once the restrictions on the usage of fiat currency is lifted, the stablecoins may become obsolete.

[ScamViruS]

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

Stablecoin traders prefer when they think the market will go down. Stablecoin one kind of crypto currency but it's like fiat. Its price is stable and easy to use as payment. But that doesn't mean it will be the currency of the future. I have doubts about the number of stablecoin currently available. There are many reasons why I doubt them.

[FanEagle]

Well, they do have some sort of advantage honestly because they are literally the bridge between crypto world and fiat world. Think about any seller, they are working for fiat usually, they have a shop or a cafe or a grocery store whatever you can think of, if they accept bitcoin they may get richer due to volatility or they may get poorer, they can't risk their whole income on it so many of them do not start accepting bitcoin right away, however if you offer them an option to use USDT instead, and accept bitcoin which can be turned into USDT automatically and can than be withdrawn to fiat whenever they want, they may start to see it as an option to get more and more customers from the crypto world as well. It is definitely going to be a huge part of crypto world for sure.

[South Park]

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

Of course not, stable coins are a useful tool for traders and investors alike but they will not exist at all if it was not for bitcoin and the attention it got thanks to its innovative technology, stable coins are our connection the the old system and they allows us to get out of the market without actually really doing it and have to go through all kind of KYC policies, but make no mistake the future of this market is bitcoin and if a currency crisis begins to impact the world you will see bitcoin outperforming almost any other asset class with ease.

[ampere]

Stable coins are indeed very good, saves traders from imminent loss, and also lets keep fiat in digital form. But i do not think it is the future of crypto currency.
The future of crypto currency to me is to be an alternative mode of payment digitally, and then globally, bitcoin is very prominent amongsts all countries, and is the face and future of crypto currency.

[holly.ball8]

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.

Agree, because of the decentralized and high violates that make cryptocurrency look attractive in investor's eyes. Remove that and we have stable coins which in the end, just like fiats. Then the question is clear, why use fiat or stable coins when we have cryptocurrency?

[shakerbitcoin]

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

Not actually the future, but maybe it will be the trend instead. More like a way for countries to safely give crypto a try and see where things go from there. Either way, a stable coin is nothing more than a glorified alternate form of fiat (disguised as cryptocurrency) isn't?

[Sirait]

the future of cryptocurrencies? I do not think so. payment services in the future may receive a lot of stable coins in their company, but that does not mean stable coins are the future of cryptocurrencies

stable coins are not much different from fiat currencies because the price changes are not wild like Bitcoin and other cryptocurrencies

[tippytoes]

the future of crypto currencies? I do not think so. payment services in the future may receive a lot of stable coins in their company, but that does not mean stable coins are the future of cryptocurrencies

stable coins are not much different from fiat currencies because the price changes are not wild like Bitcoin and other cryptocurrencies

That's why payment services are favouring stable coins right now because of less volatility in the market. But one problem that I am seeing with stable coins are the owners of this project. Are they really truthful about their back up reserves for their coin? If the company managing that stable coin collapses, what will happen now to this stable coin? They will collapse also, right? So I don't think stable coins are the future of crypto. I still prefer crypto that is not manipulated by a group of people or few individuals. And that I think is still bitcoin. Maybe one day, price volatility will not be an issue anymore. Transaction fee/speed is already addressed by lightning network. In this regard, maybe we need to promote more of LN.

[Rakul]

Stable coins will not be a future cryptocurrency . However , stable coins play a very important role in the cryptocurrency market . The most useful coins that help stabilized coins are  USDT or USD . Since we all know that crypto currency market is a lot of volatile markets, So stable coins plays a very important role in that regard. 

[CHENIEN]

its yes because it is also a digital currency with a potential to minimize the volatility as a safebox of cryptocurrency which is commonly known as pegged, due to COVID-19 I think many investors also dive into stable coins use for digital payment for their daily needs.