XRP must be considered a stable coin

[montaga]

It is not a stable coin but Ripple dumping xrp at a rate of over 2% per annum more or less running parallel with fiat
Inflation is purchasing power loss, a hidden tax
Fiat = inflation rate on average 2.3% for usd others way more if hyperinflation like venezuela
Bitcoin = mining emmision rate (this year ~2%, reward halving every 4 years, started at 12.5 to 6.25, 3.2 and currently ~1.6%)
XRP = ripple dumping rate ()


percentages per year, current supply 45,348,221,180, of total 99,992,725,510
54.65% to be dumped waiting for a buyer
last 6 years averages out to 2,4%

[slaman29]

Stablecoins themselves are hardly stable, but okay yes I get it, at least the volatility is kept within a very small range, and in general even the worst of them USDT is always always 97 cents to 1.03 cents. As stable as it gets in crypto.

But whatever you want to say about XRP. A coin that gained 60% in 2 consecutive days is not a stablecoin!

[Japinat]

XRP is centralized but it cannot be considered as a stable coin, it also attract people to invest on the coin, so that alone would already prove that it's not. AFAIK, XRP is targeting the banking industry, and they want some serious adoption from them, but it does not change the fact that its value is still volatile, in fact I have some investment of XRP too.

[lixer]

You need to know how crypto can be considered stabelcoin and XRP has no conditions that are accepted as stabelcoin, especially the stable assets that back it up. Although ripple has won the trust of some of the world's major banks, it is unable to turn this type of coin into a stablecoin.

And the price changes so dynamically that calling it a stable coin doesn't suit it. I like the coin no doubt and I am positive that we might see $1 soon but that does not change the fact that it is not a stable coin instead it has went more ups and downs in recent times than any other coin in the market.

I only use it for gambling because the transactions are lightening fast and also for trading because it is easier to deposit and withdraw but the worst thing about XRP is that you have to block 20 XRP in your address just to activate it and that 20 XRP are blocked and you cannot spend it at all. I think this needs to be worked on because not everyone can afford to block 20 XRP per address and not everyone knows about it either.

[montaga]

You need to know how crypto can be considered stabelcoin and XRP has no conditions that are accepted as stabelcoin, especially the stable assets that back it up. Although ripple has won the trust of some of the world's major banks, it is unable to turn this type of coin into a stablecoin.

And the price changes so dynamically that calling it a stable coin doesn't suit it. I like the coin no doubt and I am positive that we might see $1 soon but that does not change the fact that it is not a stable coin instead it has went more ups and downs in recent times than any other coin in the market.

I only use it for gambling because the transactions are lightening fast and also for trading because it is easier to deposit and withdraw but the worst thing about XRP is that you have to block 20 XRP in your address just to activate it and that 20 XRP are blocked and you cannot spend it at all. I think this needs to be worked on because not everyone can afford to block 20 XRP per address and not everyone knows about it either.

If you use it only for gambling or trading you dont need to lock anything. https://tdxp.app/market/XRP-USD
Minimum trade 1 cent and not limited to crypto, stocks or gold.... available to.
No trading fee only Holding Fee 0.017884% for every 8 hours (less for other markets like commodites... )

[lepbagong]

If you look at the chart from Coingecko, I don't see the XRP as a stable coin, is it because the price is not too high so the% that happens is not very visible.

[AakZaki]

My knowledge about stable coins is a digital currencies created to equal the value of fiat currencies such as dollars or euro. Stablecoins serve as reliable safe haven assets in the midst of an volatile up and down market. So far what I know about Stablecoins is USD Tether (USDT), True USD (TUSD), Paxos Standard (PAX), USD Coin (USDC), and Binance USD (BUSD). There are probably many other stable coins that you can look at https://research.binance.com/analysis/stablecoins-evolution?utm_source=BinanceAcademy. So according to that understanding, if you think of XRP to be a Stable coin, that is wrong. It's easy to see that XRP prices fluctuate and unstable coin.

[2double0]

Why do you need more stablecoins? Isn't the list too big already?

We have many stablecoins available like BUSD, USDT, TUSD, USDC, etc. as many exchanges use their own abbreviations for their dollar. Why do you want to give XRP the name of a stablecoin when it has the volatility that drags it a few percentages up and down quickly?

Why are you so much butthurt that you want to steal a cheap token from traders with the cheapest fee to send a transaction?

[goaldigger]

If you look at the chart from Coingecko, I don't see the XRP as a stable coin, is it because the price is not too high so the% that happens is not very visible.

The price maybe low but you can see that it is still volatile compare to the real stable coin. I don’t think XRP should be considered as an stable coin because its not and it will not become a stable coin, XRP will join the pump and dump trend and the price can be manipulated. There’s no need for XRP to become a stable coin, traders know how to deal with XRP so better to see its real trend as well.

[crzy]

If you look at the chart from Coingecko, I don't see the XRP as a stable coin, is it because the price is not too high so the% that happens is not very visible.

The price maybe low but you can see that it is still volatile compare to the real stable coin. I don’t think XRP should be considered as an stable coin because its not and it will not become a stable coin, XRP will join the pump and dump trend and the price can be manipulated. There’s no need for XRP to become a stable coin, traders know how to deal with XRP so better to see its real trend as well.

XRP was able to rise again and that makes it more volatile after the correction so its too risky to say that XRP is a stable coin because its not. There’s a lot of investors and traders playing around and making sure that the volume is active with XRP, I’m not considering XRP as a stable coin that’s too impossible to happen for now.

[MCobian]

I don't agree with the opinion that XRP is considered a stablecoin, because in fact XRP is not a stablecoin. The opening post must accept
the fact that XRP cannot be considered a stablecoin, because XRP is not like USDT. We can compare the trading chart between USDT and
XRP which is very different, XRP price movements are volatile. Maybe because after reaching all-time high prices, XRP prices do look stable,
but that doesn't mean XRP can be considered a stablecoin.

[militiariko]

XRP must be considered a stable coin

XRP must be considered a stable coin to better understand this project. There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time.

If you truly believe that xrp is a stable coin; then you are merely selling yourself fantasies; you have ignored the basics of blockchain technology which is believe is comprehension and you doing your proper researches. When it comes to stable coin, i know usdt, tusd, busd and i use them. So learn to different stable coins from altcoins.

XRP must be considered a stable coin
I think the much better investments are tezos, neo, eth at this time.

In a nutshell, i believe you are trying to say that you prefer to invest in tezos, neo eth than xrp; it is a normal and mutual thought. Do your own research and invest accordingly

[jaberwock]

Don't be like that, it will endanger the ripple community too, if XRP is a stable coin,
then everything will lose, so it's better that Ripple is not coin stable, ripple is ripple.

Calling it chocolate would mean people will start eating it, right? I mean no matter what one says but it is obvious that ripple is no where close to being a stable coin.

Saying that XRP must be considered a stable coin is like saying that mayonnaise should be considered a musical instrument.

Haha yeah or maybe calling burger as the least selling dish

It is funny how no explanation is given and we are discussing it. I mean I can start calling Bitcoin as stable coin too because I don't have to give any explanation. Ripple has been adopted by some banks, etc and is a good coin but on what grounds it is being called as stable coin baffles me.

[tbterryboy]

There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time.

As such Bitcoin is also used as a payment means right? Then should one stop investing in bitcoins? Obviously not because what purpose a crypto serves has less impact on a traders preference when buying, instead all traders care about is how the price is doing and how the future demand and supply chain looks like.

XRP lists on top 3 in terms of total market cap so this makes investors feel that the coin has some solid interest and the price hasn't done bad either so no way investors are going to stop and yes there might be better projects but everyone has their own choices.

[CaVO32]

I don't agree with the opinion that XRP is considered a stablecoin, because in fact XRP is not a stablecoin. The opening post must accept
the fact that XRP cannot be considered a stablecoin, because XRP is not like USDT. We can compare the trading chart between USDT and
XRP which is very different, XRP price movements are volatile. Maybe because after reaching all-time high prices, XRP prices do look stable,
but that doesn't mean XRP can be considered a stablecoin.

I think the OP is just being sarcastic about it. It was long time that it was in the 20 cents level and only recently that it spike its price in the market. And with the upcoming flare airdrop for XRP holders, I guess the price will go up just before the snapshot and may go down afterwards. But in terms of payment application, XRP coin is really doing good job on that part. Their fee is really cheap as compared to btc.

[Hypnosis00]

NO, it can't be considered but see this coin as less volatile due to its centralized platform. Anytime, the price can be changed depending on the market demand but not like how decentralized coins move up and down.

TBH, I also once investing XRP but the result is different when you are investing Bitcoin. If you are looking to make safe of your money, make a choice to USDT, which is the known stable coin.

[bitzizzix]

NO, it can't be considered but see this coin as less volatile due to its centralized platform. Anytime, the price can be changed depending on the market demand but not like how decentralized coins move up and down.

TBH, I also once investing XRP but the result is different when you are investing Bitcoin. If you are looking to make safe of your money, make a choice to USDT, which is the known stable coin.

Yes, although XRP has great potential and significant development, XRP is not yet a stabilcoin and unlike USDT which in my opinion can be said to be a stabilcoin.
and besides USDT, BUSD, TUSD and USDC which in my opinion are stabilcoin, and it's good to study developments and charts and so on to be sure.

[Xxmodded]

I believe XRP will back to higher price during hardfork again on 12th December and many investor hold XRP to earn spark token, I know how interest many investors with new coin received from holding ripple on two weeks later, maybe any one wanna try to hold ripple during still have lower price now, I think if you wanna get much profit from ripple holding buy now and how until 12th December to earn spark token and support almost all exchange like upbit, binance and have many other exchange could be recommended to hold xrp.

[TheGreatPython]

Do what’s best for you, XRP is not a stablecoin. I know you’re saying this because there has been so many news on institutions/banks that are adopting ripple, but the price is still not going up. Didn’t see what happened two weeks before the end of November? The price was nearly $1, stopped $0.92 and then dropped by half.

Some coins don’t fluctuate all the time, even Bitcoin for long the price stayed stable at some point before it started to go up and down again. That’s the same with this XRP, it stayed stable and then went up. XRP stays a volatile coin, whether you want it or not doesn’t change anything.