do we really need stable coin?

[Francis Freeman]

If you are a trader who wants volatility you may think that stable coins aren't needed in crypto but for crypto to be used as a form of exchange for the broader audience we definitely need something less volatile which means that stable coins are an absolute must going forward.

[reliable]

Stable coins are useful when we are experiencing a bear market because we can use it as a safe asset that it will help us to avoid and stop from getting our losses and protect our investments. Stable coins are also like fiat currency that is good for making transaction in online because it is fast and cheaper.

With the current market situation, it is good to have the top coins as those are the ones which are moving up quickly and bitcoin and ETH are the ones which should exist along with some other coins. Stable coins are fine, but the proper allocation balance should exist and again it depends upon user profile risk.

[irsada]

think if we should look back in 4 years back in cryptocurrency industry, crypto do very well to be stable in the price value, but is very difficult this days to see crypto that's actually valueable, not until we started seen stable coins in the crypto market but there's no change in the value, Do you think we need stable coins?

4 years ago nothing was really stable in any cryptocurrency except stable coins, everything was fluctuating until it reached its current point.
There are many stable coin functions, it can be a safety deposit for your assets when the bear market comes.

[Iyeman]

Stable coins have already been created, they are already there and will be with us until the end, nothing will change, I think it was necessary.

Some people use this coin to avoid the volatility and that's really needed by anyone. The total supply of stable coins will increase with the grow of demand at the same time and that make USDT or anyother stable coins will exist forever.

[slashz9]

of course we need it to exchange our coins when the market goes down or when we don't want to trade.
because the price of each coin fluctuates over time which can result in the rise and fall of the value of a coin very quickly.
I am sure that everyone with a stable mind is still needed.

[Squezzi55]

Traders needs stable coin and holders need stable coins too, usdt for example has big marketcap for a reason, it's because many are using usdt to keep dollars or to trade on exchanges, every top crypto exchanges supports USDT

[Bitcoin Miners]

think if we should look back in 4 years back in cryptocurrency industry, crypto do very well to be stable in the price value, but is very difficult this days to see crypto that's actually valueable, not until we started seen stable coins in the crypto market but there's no change in the value, Do you think we need stable coins?

Stable coins act as intermediaries in this market as the way that USDT and other stable coins are doing and after in the future, maybe they will usually be used in daily life, replace to cash.

[bangkecol]

For Traders, stable coin is very helpfull to avoid pump and dump price suddenly.
Because crypto market is very high moving. Sometimes it can moving down drastically in only one day.

[Reid]

It's difficult to stop the creation of new coins.
You will see more of that as time goes by.

Why? They saw a profit in this industry. They won't mind spending some money if it will come back tenfold.
Traders can now easily do their hobbies or jobs because of stable coins.
Although it is not necessary to make a lot. Just 1 should suffice.
There is still the mindset of conversion for a lot of crypto enthusiasts and as long as that happens, it may be difficult for them to view it as a real currency.

[lienfaye]

Stable coin is useful for us if you know how to take advantage it. Like if the market is in bearish trend and you are hesitant to buy a coin, stable coin is perfect to store your money.

To avoid losing further you can also switch your assets to stable coin then buy back once the market is recovering.

Its just depends on your strategy, we need a stable coin in crypto because it has uses that favor to us.

[DarkTrix]

In my memory, only one stable coin disappeared, but they returned money to everyone

[Inkdull]

Stable coins is the best option to keep your fund at a stable price, it works so well and that's why USDT is so popular today and still adding more money into crypto haven, very useful asset for crypto traders

[robattfield]

In my memory, only one stable coin disappeared, but they returned money to everyone

There are many stablecoins that are scam in this market, so be really careful with it. Scammer is always present in this market and if we are not careful, they will fall into their trap. And choose the largest stablecoins in this market to use, it's safe and has much greater liquidity.

[Bezobraznike]

Stable coins is the best option to keep your fund at a stable price, it works so well and that's why USDT is so popular today and still adding more money into crypto haven, very useful asset for crypto traders

   You can keep your fund at a stable price by holding cash, or just leave the money in the bank, it's the same. But over time
because inflation your stable coins are losing value.
   I think that stable coins are good for traders who are exchanging crypto-currencies all the time, I don't have stable coins
and I don't use them. If you ask me we don't need stable coins!

[wack slacker]

Stable currencies are a solution to prevent asset loss but the liquidity of such currencies is unstable and the exchange rate difference with FIAT currencies is too great. 1 USDT is equivalent to 1 USD but in some cases, 1 USDT is lower and higher than 1 USD. I think this is not good and stable. A better solution is needed to bring stability to the market.

[r32godzilla]

Yes, it is very powerful tool for trading, lending, and all financial superstructure built on blockchain and decentralized finances. The problem is again with regulators because all of these coins are money, not like a Bitcoin that is considered as a form of digital asset. So who knows how regulators will deal with it.  

[bitkanu]

In my memory, only one stable coin disappeared, but they returned money to everyone

I remember that but mostly stable coins still exist these days and I think it's really needed by all of the people. it's not only some people were using it right now but we must remember if all of the people have been using this alternative coin for the fiat money.

[Rafiqul]

The volatility in the cryptocurrency market is very high so I think a stable currency is very important in cryptocurrency. Because cryptocurrencies are very volatile so the right choice to avoid losses when a dump occurs is to convert to stable coins. The market must have a stable currency to control market volatility. This will reduce the fear of investors in the market and will be confident.

[Shreek]

in my opinion, we need new innovations and new technology to help create stable coins that can be trusted to always minimize fraud in the crypto world as well as minimize the creation of junk coins that only benefit developers and then disappear

[helloinox]

Yes, we do need stable coins, and the best answer I could tell you why is to look at how stable coins help in the bearish market. What do you think will happen in that time if we don't have it? Where to escape from or save our bag's worth if there are no stable coins? Ask yourself those questions and you will finally see it usefulness.