Will stablecoins be the future of cryptocurrency?

[slackovic]

Stablecoins aren't giving us anything new or better than cryptocurrencies. They are only used by people who want to go around fiat exchange laws in their countries and/or not go through full KYC, as exchanging into a stable coin is like doing a crypto-crypto transaction that gives you a feeling of escaping into fiat. In reality, you are not really getting fiat and you are not escaping volatility as you're exchanging a real useful coin like BTC into a coin that mimmics fiat stability, but at the cost of centralization and lack of privacy.

I'm not sure if I understood your post correctly, but not all stablecoins are centralized. Have you heard of DAI? It's decentralized stablecoin. True, it has it's own problems but centralization is not one of them. But I don't think that centralization is the biggest problem with stablecoins. I think the biggest problem is when companies behind a stablecoin starts to act like banks and issuing stablecoins out of thin air. Of course, this is hard to prove but a rumor is sometimes enough for people to stop trusting them. That's why I like USDC. It's centralized (Coinbase is the company behind USDC) but they have monthly audits that checks if every USDC is really backed by a real $.

[kindbtc]

I will kind of agree that stablecoins will be the future but i am quite sure that they will not be in the form of usdt or usdc rather the upcoming govt back stable coins like digital Euro, Chinese coin and digital dollar would be bigger than anything we have seen and they will have the capability to completely eliminate paper money.

[meanwords]

I don't think stablecoin will be the future of cryptocurrency because what does it offer except from the fact that you can use it to exchange fiat to crypto? I don't think it has any useful feature besides from that, also they are backed by real world fiat which is pretty different from Bitcoin that is backed by the law of supply and demand.

Though I believe that stablecoin would be the sidekick of cryptocurrency forever. It helps us exchange crypto to fiat and vise versa so easily that it will be pretty hard to just remove it. It is used by almost all exchanges now and it is by far one of the best crypto created out there. Not only that, there's also different kinds of stablecoin aside from USDT, there's also GOLD.

[oscarftw]

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

Only special something cool features will help a coin to control our future. Online payment methods already exists in several ways, like Google and Facebook (upcoming) also same. What is different in cryptocurrency stablecoin to send money? I didn't see any future to gain anything from this stablecoin without frozen your whole money.

[miklesm]

Stablecoins are very popular already as they are much more convinient than traditional money, so I am sure they will play an important role in the future of cryptocurrencies.

[tbterryboy]

Stablecoins are very popular already as they are much more convinient than traditional money, so I am sure they will play an important role in the future of cryptocurrencies.

Honestly stable coins are here as an replacement of traditional money because for moving your local money you need bank accounts or at least paypal kind of highly restricted payment processor but these are completely eliminated by using stable coins. This means we are having stable coins on blockchain. If I remember correctly when tether was first introduced with the tagline of "enjoy the power of both fiats and blockchain", and that must be really true.

At the same time like many people have already mentioned here, governments may take action against stable coins at any time which means they may get shut down when governments start think about stablecoins as a threat to their banking system. So, it must be too early to conclude like stablecoins are the future.

[Tylev]

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

Stable coins are an independent branch of cryptocurrency. They are completely different from a decentralized cryptocurrency, however, it is very necessary for it, since they actually perform an auxiliary role. A special position among stable coins will be represented by national stable coins of states. It will be the digitized ordinary currency of these states and it will most likely be in demand, especially within this state. Many governments have already noted the positive aspects and advantages of stable state coins over conventional paper currencies. Therefore, stable coins will exist along with a decentralized cryptocurrency and will complement each other.

[suryapro]

The situation at this time is stablecoin needed as a form of real money. because people are competing to withdraw the assets they have to exchange for real money, so they can be used as their current transaction tool

[crustycrab666]

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

I only see this as an effective way to overcome cryptocurrency volatility as a means of payment, by using stable coins, this is more effective. So this is not entirely the future of cryptocurrency, imo, because there are things better than just as a means of payment, other functions such as promising and high-value investments dominate. There is no difference between fiat and stable coins, only the shapes are different.

[TopT3ns]

I really like stable coins you can make good profits by putting them in stakes and with this crisis for the virus they are an excellent safe haven alternative to cash / fiat

indeed only stable coins can still survive when there is an outbreak of this corona virus, but I am sure stable coins will not be able to provide much profit like bitcoin and other altcoins because the price increase depends on fiat price movements.

[flagpara]

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

I'm just little bit curious to know about future. Tether already listed several exchange and this journey was began from 2013-2014. Any stablecoin listed exchange means this coin has future. This three stable coin already listed top top exchange what is the big matter if listed Polishpay exchange or wallet.

[mahilchii]

I really like stable coins you can make good profits by putting them in stakes and with this crisis for the virus they are an excellent safe haven alternative to cash / fiat

indeed only stable coins can still survive when there is an outbreak of this corona virus, but I am sure stable coins will not be able to provide much profit like bitcoin and other altcoins because the price increase depends on fiat price movements.

Yes stable coin is immune from market fluctuations as its value depends on fiat i.e USD, but I don't think fiat will ever be used for investment purpose as it's just used to store value during uncertain market situations to avoid losing money or while trading stable coin can be used but it can never gain status of other crypto coins.

[rathaha10]

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

Well, with the current developments seen today as the central bank suggests a ban or heavy regulations to be imposed on the use of stablecoins, i doubt if there's much of a future for the emerging industry of stablecoins, i personally hope the ban proposal won't pull through though  becuse stablecoins have help traders and investors in getting an edge against the volatility of the cryptocurrency market,  just imagine how risky the whole market would be without the presence of stablecoins, one will see his asset getting burn down without much of a thing to do to stop it as virtually every cryptocurrency will be going downward during a strong bearish market period

[MCobian]

I strongly agree with the opinion that stablecoins will be the future of cryptocurrency. Can be seen on the coinmarketcap site the USDT has
the largest volume, even exceeding the volume of bitcoin. This is proof that demand for stablecoins is very large, I also really like stablecoins
because it can protect our funds from the influence of volatile cryptocurrency markets. So it's no wonder that many companies have adopted
stablecoins, some countries also legalize stablecoins as payment. With all this evidence, I'm sure stablecoins will be the future of cryptocurrency.

[imstillthebest]

I really like stable coins you can make good profits by putting them in stakes and with this crisis for the virus they are an excellent safe haven alternative to cash / fiat

indeed only stable coins can still survive when there is an outbreak of this corona virus, but I am sure stable coins will not be able to provide much profit like bitcoin and other altcoins because the price increase depends on fiat price movements.

Yes stable coin is immune from market fluctuations as its value depends on fiat i.e USD, but I don't think fiat will ever be used for investment purpose as it's just used to store value during uncertain market situations to avoid losing money or while trading stable coin can be used but it can never gain status of other crypto coins.

still an investment as long as you start purchasing and hodling them but not a kind of a profitable investment due to thier stability  .

stable coins  can withdstand any crisis even the toughest ones like corona  , thats why they can be a future aside from that  . they are also stable and as good as fiat money that is best for purchasing items and for paying/recieveing money .  still other unstable cryptos are a good option if we want to earn

[Eclipse26]

Evreyday 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

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.

Well, yes there is a tendency for both stable cryptos and fiat to co-exist in the future. But the bottomline is that those stable coins are more likely to be used as a currency and those which are having volatile market value, could remain more of an investment.

I really like stable coins you can make good profits by putting them in stakes and with this crisis for the virus they are an excellent safe haven alternative to cash / fiat

indeed only stable coins can still survive when there is an outbreak of this corona virus, but I am sure stable coins will not be able to provide much profit like bitcoin and other altcoins because the price increase depends on fiat price movements.

Yes stable coin is immune from market fluctuations as its value depends on fiat i.e USD, but I don't think fiat will ever be used for investment purpose as it's just used to store value during uncertain market situations to avoid losing money or while trading stable coin can be used but it can never gain status of other crypto coins.

Fiat will more likely remain as a currency being used by countries wherein cryptos and other digital currencies are not yet being accepted. There are still governments as of this moment, who are not yet trusting digital method of payments as well as services being offered. But as development continues, chances are high that massive adaptation will happen.

[dingo25]

I strongly agree with the opinion that stablecoins will be the future of cryptocurrency. Can be seen on the coinmarketcap site the USDT has
the largest volume, even exceeding the volume of bitcoin. This is proof that demand for stablecoins is very large, I also really like stablecoins
because it can protect our funds from the influence of volatile cryptocurrency markets. So it's no wonder that many companies have adopted
stablecoins, some countries also legalize stablecoins as payment. With all this evidence, I'm sure stablecoins will be the future of cryptocurrency.

Right now Bitcoin has a volume of $43,446,508,860 and USDT has $57,618,099,365. That's saying something...

[TastyChillySauce00]

I strongly agree with the opinion that stablecoins will be the future of cryptocurrency. Can be seen on the coinmarketcap site the USDT has
the largest volume, even exceeding the volume of bitcoin. This is proof that demand for stablecoins is very large, I also really like stablecoins
because it can protect our funds from the influence of volatile cryptocurrency markets. So it's no wonder that many companies have adopted
stablecoins, some countries also legalize stablecoins as payment. With all this evidence, I'm sure stablecoins will be the future of cryptocurrency.

Right now Bitcoin has a volume of $43,446,508,860 and USDT has $57,618,099,365. That's saying something...

doesn't mean a thing if all those USDT are used for buying bitcoin or the other way around anyawy. Though stablecoin might indeed dominate the market but without the regular cryptocurrency it's just kinda pointless. the same as using paypal although the benefit of using stablecoin to save wealth amid to volatile market really helps a lot.

[$anounimus$]

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

The name is also stable coins, if the others show red color when the weak condition of the coint does not have a big effect on market pressure. It means that investors are more comfortable investing their investment in conditions that are affordable. A safe choice in my opinion.

[Japinat]

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

The name is also stable coins, if the others show red color when the weak condition of the coint does not have a big effect on market pressure. It means that investors are more comfortable investing their investment in conditions that are affordable. A safe choice in my opinion.

For payment system, stable coin is really better since it's not volatile, no everyone who transact online can take the risk of volatility so we are seeing this happens. Actually I am happy with this kind of development because these stable coins are still just part of the crypto market, when they get popular and grow, the effect would result on the entire market.

in addition, we have Libra coming, not sure when but they are a big thing in the market.