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Author Topic: Will stablecoins be the future of cryptocurrency?  (Read 1342 times)
Jancuki
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June 13, 2020, 08:04:31 PM
 #121

It is undeniable that stable coins, for the time being, are the main attraction for Crypto investors. Although it can not be separated from the advantages and disadvantages, which is one of the advantages is the price movement is not fluctuating, but the drawback is that it might be very little when getting profit because of stable price movements.
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June 13, 2020, 08:51:28 PM
 #122


StableCoin is often used for payments because they are not much different from the dollar and also different from other crypto currencies. as we see when the market situation deteriorates but some stable coins can still maintain their value. but I don't think stable coins will be the future of cryptoqurrency.

And now tell me where are stable coins accepted as a means of payment? If cryptocurrencies accepted, then you will find shops and e-shops that accept BTC only, in some cases, they accept also LTC or BCH, but surely not USDT.  Cheesy

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June 14, 2020, 07:23:15 AM
 #123

People use stable coins for sure only to maintain their value. And for payment it is certainly very suitable, because the value is not volatile like bitcoin. So that for payment it is suitable for payment. Actually coins are stable in crypto as well as fiat $$$.

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July 12, 2020, 11:05:02 AM
 #124

It's hard to say at this moment. But surely stable coins are a very important part of this whole market. Normally at this moment people use stable coins to hold value when market is volatile and for trade also. Other that that normally those who accept crypto go for bitcoin. But in near future maybe some organization or individual start to take stable coins also.

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July 12, 2020, 01:22:36 PM
 #125

Yes, Stablecoin is a legal and safe digital currency, because it can be used like other currencies for trading. simplify international payments, because there is no need to convert different fiat currencies. for example Japanese people can receive USD-backed stable without needing to convert to Yen. and cheap cost

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July 12, 2020, 04:04:52 PM
 #126

People use stable coins for sure only to maintain their value. And for payment it is certainly very suitable, because the value is not volatile like bitcoin. So that for payment it is suitable for payment. Actually coins are stable in crypto as well as fiat $$$.
When the market crashes, investors or traders will keep their assets on a stable coin because this is a safe way to save assets from slumping, therefore stablecoin becomes much sought after when the market is down and indeed in terms of payment many use stablecoin.

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July 12, 2020, 04:05:02 PM
 #127

People use stable coins for sure only to maintain their value. And for payment it is certainly very suitable, because the value is not volatile like bitcoin. So that for payment it is suitable for payment. Actually coins are stable in crypto as well as fiat $$$.
That means the merchant that used stable coin can avoid the volatility in the market and this is the main role of stable coin. The creation of stable has already dedicated to be an alternative coin that has stable value.
FYI stable coin and fiat are not 100% the same as we have seen tether can go down even it was a stable coin.

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July 12, 2020, 04:18:42 PM
 #128

People use stable coins for sure only to maintain their value. And for payment it is certainly very suitable, because the value is not volatile like bitcoin. So that for payment it is suitable for payment. Actually coins are stable in crypto as well as fiat $$$.
When the market crashes, investors or traders will keep their assets on a stable coin because this is a safe way to save assets from slumping, therefore stablecoin becomes much sought after when the market is down and indeed in terms of payment many use stablecoin.

Exactly, that's the strategy of a safe and secure option to avoid loss. And yes stable coins are mainly to minimize the volatility of the price, when crypto market goes bad stable coin is a safe haven.

And yes you can transfer funds between wallets and exchanges if you invest in stable coins. And the most important thing is the profit of any investment is depend only on the popularity and adaptability of coin.









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