Im big fan of stable coins and this is what I think

[cryptoboss2020]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

[1714754168]

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[amishmanish]

Stablecoins from trusted third parties like Tether etc. have been great for bitcoin and crypto in general because of the easy ramp-on and ramp-off from fiat. Yet, there workings aren't really transparent and there is as much "proof" and "backing" to these stablecoins as any other fiat currency can have in the time of central banks and fractional reserve. So Governments leaving their own systems and using any of these existing stablecoins is out of the question.

If you or someone else actually wants to be a "lender", you can do it way more easily with BTC. BTC is tradeable to every imaginable alt-coin. There are multiple Alt-coins that allow you to earn from lending or providing liquidity. Using Stablecoins for that same purpose is just lazy.

[thesmallgod]

I am just curious to know where you get such believe that the government will mint stablecoin which we all know that stablecoin are being developed by individuals just like other crypto asset. And even if this is possible, how do you earn by holding stablecoin that has values that is pegged to USD. Maybe you think you will lend the government your coin and earn return in profit when you already stated that that can mint the stablecoin. In as much as i like stablecoin because it provide means through which we can minimize our lost when crypto market goes down. It also has it own cons since they are centralized asset which mean they can be subject to regulation easily which might even result on loss of asset in case it is being ban by the government

[cryptoboss2020]

I am just curious to know where you get such believe that the government will mint stablecoin which we all know that stablecoin are being developed by individuals just like other crypto asset. And even if this is possible, how do you earn by holding stablecoin that has values that is pegged to USD. Maybe you think you will lend the government your coin and earn return in profit when you already stated that that can mint the stablecoin. In as much as i like stablecoin because it provide means through which we can minimize our lost when crypto market goes down. It also has it own cons since they are centralized asset which mean they can be subject to regulation easily which might even result on loss of asset in case it is being ban by the government

Becouse this is what i would do if im government.
And i belive its a best move on the chess board as life is like game of chess.

Stable coins are the next move this what i think
I also try think logically wich is my strenght

[bitbollo]

if not emitted by a central bank authority a stable coins is just a private token.
Actually there is not any stable coin emitted by central bank.. and 1 usd = 1 usd even if virtual or in paper. I am not sure that your strategy can really work...

[DooMAD]

I also try think logically wich is my strenght

That's certainly one way of saying "my ideas make sense to me, even if they make zero sense to anyone else".   

Just because you can envision a fantasy scenario where governments adopt stablecoins, that means nothing to the cold, hard light of reality.  Stating that you think your dreams will come true without providing any evidence to substantiate such an assertion isn't generally considered logical.

this is what i would do if im government.

Okay, but you're not.  At least, I hope you're not.  What you are proposing could easily ruin an entire nation.  Stablecoins are COMPANIES.  Private wealth.  Meaning someone controls that wealth.  If you effectively place that person in a position of major influence over your national economy, some might say that would be an incredibly foolish thing to do.

Please take a break from posting opinions based on nothing more than a vivid imagination.  Instead, try asking questions.  You'll learn more that way.

[Sterbens]

Becouse this is what i would do if im government.
And i belive its a best move on the chess board as life is like game of chess.

yes if you are a government official, if not?
unless you are in the ministerial line and the Biden cabinet, maybe that could happen. It is not enough to just hope for a stable coin, if you only live at home and have no influence in any government.

[cryptoboss2020]

Becouse this is what i would do if im government.
And i belive its a best move on the chess board as life is like game of chess.

yes if you are a government official, if not?
unless you are in the ministerial line and the Biden cabinet, maybe that could happen. It is not enough to just hope for a stable coin, if you only live at home and have no influence in any government.

lol

[logicrypto]

I don't know why you think that Stable coins are a good investment...
If Fiat currencies collapse then stable coins will also have a problem are they are backed by fiat currencies.
It is a great instrument if you are active in trading but personally I don't think that it is a good investment tool...

[dothebeats]

Stable coins are pretty much fiat currencies with limited use-cases today, much of which revolves around exchanges and that’s about it. I don’t think it’s a good investment per se as it’s pretty much something that you use other crypto and not other things. The future you are envisioning is far from happening considering that governments themselves can mint their own stable coins and not rely from these established ones already. Simply put, don’t go all in on stablecoins. Your options are pretty limited honestly.

[bekti3]

do you think this will work? yeah, I think go ahead if you insist on this being enacted en masse by the banks.
I am personally not interested in your strategy, maybe you will be fantasizing a lot lately. just try it, it might have a point, if in your own country. not for other countries

[Princejebs]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

Why would you invest in stable, it's just like holding your normal physical money or lending it to a friend so in future you get some little interest.
I believe visa will be rolling out usdc fiat to united state citizens since they are back by famous coinbase, making purchase as fiat through their platform would be nice but holding it in form of staking for long time or lending it is waste of time and resources. Hold Bitcoin, it wouldn't bite you.

[Silberman]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

Governments have fought to get complete control of the money supply and you think they are going to use a stable coin willingly instead of just creating their own tokens themselves? I do not see it, they will create their own coins and in many cases I see them attacking stable coins since they will be a direct competition against their coins and also because it is easy to attack them, as those coins are controlled by centralized entities unlike what happens in the case of bitcoin.

[cryptoboss2020]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

Governments have fought to get complete control of the money supply and you think they are going to use a stable coin willingly instead of just creating their own tokens themselves? I do not see it, they will create their own coins and in many cases I see them attacking stable coins since they will be a direct competition against their coins and also because it is easy to attack them, as those coins are controlled by centralized entities unlike what happens in the case of bitcoin.

so .... they can take over the stable coins just

[batang_bitcoin]

I don't get the returns part of it. There's no ROI with stable coins, you only save it just as you're saving your cash in the bank. There's not that much volatility with it but there's a possibility that it would lose its value over time if you want to hold it. If you haven't seen some failed stable coins even if the government will intervene with those issuers, no point in holding it. Thus, there were also incidents in that USDT has frozen some funds and thru government, they're capable of doing that randomly.

[cryptoboss2020]

I don't get the returns part of it. There's no ROI with stable coins, you only save it just as you're saving your cash in the bank. There's not that much volatility with it but there's a possibility that it would lose its value over time if you want to hold it. If you haven't seen some failed stable coins even if the government will intervene with those issuers, no point in holding it. Thus, there were also incidents in that USDT has frozen some funds and thru government, they're capable of doing that randomly.

They froze becouse they can not meet the demand of liqutity I guess so its protecting the USDT ponzi I guess so

[Darker45]

I guess governments may indeed shift to the use of CBDCs, so that's roughly the equivalent of stable coins. They'd be unlike the existing stable coins because they're not backed by fiat currencies; they're the fiat currencies themselves.

However, if this happens it is impossible that governments will issue their digital coins on a platform they do not own themselves. I don't think governments will make use as their official currencies coins which are built on Ethereum and other private or, if there are any, decentralized and independent blockchains.   

So I still don't know how you would possibly earn from hodling stable coins.

[Strongkored]

I don't think that stablecoins are good for investment, because stablecoins are equal to fiat and so are their value will same, so there will be no ROI because the value goes up but like what OP said the ROI is when lend the stablecoin and get interest from borrower.

[DooMAD]

I guess governments may indeed shift to the use of CBDCs, so that's roughly the equivalent of stable coins. They'd be unlike the existing stable coins because they're not backed by fiat currencies; they're the fiat currencies themselves.

However, if this happens it is impossible that governments will issue their digital coins on a platform they do not own themselves. I don't think governments will make use as their official currencies coins which are built on Ethereum and other private or, if there are any, decentralized and independent blockchains. 

So I still don't know how you would possibly earn from hodling stable coins.

Exactly.  Stablecoins are private or corporate wealth, whereas CBDCs (if they happen) will be national wealth.  The two will compete with each other for market share (but it's a different market share to that of Bitcoin and other non-backed crypto, because those serve an altogether different purpose), so holding corporate stablecoins could potentially cause you to lose money if CBDCs achieve dominance in that market.  And if any given nation does launch a CBDC, they have the notable advantage of being able to legislate against stablecoins, so it probably wouldn't be a fair fight.

[Leviathan.007]

The first and most important thing after you see stablecoins is how stable it is. There many companies and many decentralized groups of people clam to have stablecoins thy also claim to have a big liquidity. One famous stablecoin we know is USDT they claimed you have a huge amount of liquidity but the people understood they were laying and the price of each USDT fallen down to 8 cents. Still, many famous exchanges like Binance and Bitmex are using USDT. In my own idea the USDC project seems more promising and stable than USDT. However, we should see the reacts in long-term.

[fullhdpixel]

I don't think that stablecoins are good for investment, because stablecoins are equal to fiat and so are their value will same, so there will be no ROI because the value goes up but like what OP said the ROI is when lend the stablecoin and get interest from borrower.

Stable coins are only good until legal restrictions are not applied on them because a cryptocurrency that is being regulated is more like digital fiat and because it is stable coin it serves no purpose really.

I agree that stable coins are not the best option for investment but they are good for people who want to stake coins and earn money, lending is different and staking is different because with lending you have a chance that you might lose your coins but staking happens smooth and without any risk unless the exchange or service where you stake the coins scams.

[Dragonfund]

I don't think that stablecoins are good for investment, because stablecoins are equal to fiat and so are their value will same, so there will be no ROI because the value goes up but like what OP said the ROI is when lend the stablecoin and get interest from borrower.

I know right, considering the amount of ROI banks give to users is so small compare to what OP is said, but borrowing and lending with a 7% APR will not be a good profit especially when one is holding a little amount for almost a year. Imagine holding $100 stablecoins for a year to gain $7, that's ridiculous 
Except if OP is having thousands to invest in stable coins
Why not invest that little amount into a good altcoins and have good returns in short or mid term.

[Darker45]

~snip~

Exactly.  Stablecoins are private or corporate wealth, whereas CBDCs (if they happen) will be national wealth.  The two will compete with each other for market share (but it's a different market share to that of Bitcoin and other non-backed crypto, because those serve an altogether different purpose), so holding corporate stablecoins could potentially cause you to lose money if CBDCs achieve dominance in that market.  And if any given nation does launch a CBDC, they have the notable advantage of being able to legislate against stablecoins, so it probably wouldn't be a fair fight.

By the time CBDCs are out, stable coins would have to contend very hardly for that tiniest of spot under the sun. They would surely and most probably very quickly lose relevance. I assume CBDCs of leading countries and regions such as the US, UK, EU, and so on would be truly global which means they could easily and smoothly cross borders just like stable coins. Furthermore, they would easily be embraced and supported by all kinds of infrastructures which accept stable coins as they are owned and issued by governments themselves.

Every stable coin user would be posed with a question, why use a privately-owned, shady, questionable, and fiat-backed stable coin when you can opt for non-backed and fully legal and compliant fiat coin itself?

Which brings me back to my point, OP, that hodling stablecoins is utterly pointless!

[bayu7adi]

I know right, considering the amount of ROI banks give to users is so small compare to what OP is said, but borrowing and lending with a 7% APR will not be a good profit especially when one is holding a little amount for almost a year. Imagine holding $100 stablecoins for a year to gain $7, that's ridiculous 
Except if OP is having thousands to invest in stable coins
Why not invest that little amount into a good altcoins and have good returns in short or mid term.

The two methods that you describe have different risks and also only investors with certain characters will be interested in this investment method method. One's playing style in investing is different

Lending is perfect for fertile investors who have untouched money who can still live to buy burgers and drinks even though the money is burned. Let's just say someone has $ 1 million, he can use 500k for lending and the rest for trading Altcoin, besides he can survive, he can also enjoy the risk

[asriloni]

It will be the same case that's happening in china when the government was distributing its CBDC to the some of its citizens. You still need a platform to did it. Do you mean about you can lend your money without received the collateral as guarantee for your money? that's crazy lol
This time you can be a banker too through use the lending service to get the annual interest from your stable coin. If that will be working like what you have said and stable coin will be useless.
There should always be requirements for the party to be able to borrow the stable coin from a platform or bank.

[sapnu]

I'm not really a big fan of stable coins because if you invest in that kind of coin the movement of you money is constant since the price of the token you have chosen is not rising at all. While investing on some altcoin, you can really make your own money grow by buying some token on a low price and selling it on a high price. Just make some portfolio that is solid to follow, that will be your guide to trade. In terms of china's stable coin, I dont think it can best bitcoin's dominance. I've been seeing some topics like that.

[BuNga_cute]

I believe many countries will make their own stablecoins, just like China created the digital yuan. Because in the future financial
transactions will be completely cashless, so everyone will switch to using digital currencies. It's no wonder Facebook is trying so
hard to launch Libra / Diem, because Facebook sees that the future is bright for stablecoins. But investing in stablecoins such as
USDT or USDC is not profitable, because the price is stable like fiat so it is difficult to get profit if we are holding stablecoins.

[AIF]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.

So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

I have already seen such a bank project

https://bitcointalk.org/index.php?topic=5264440.msg55567675#msg55567675

[Argoo]

I guess governments may indeed shift to the use of CBDCs, so that's roughly the equivalent of stable coins. They'd be unlike the existing stable coins because they're not backed by fiat currencies; they're the fiat currencies themselves.

However, if this happens it is impossible that governments will issue their digital coins on a platform they do not own themselves. I don't think governments will make use as their official currencies coins which are built on Ethereum and other private or, if there are any, decentralized and independent blockchains.   

So I still don't know how you would possibly earn from hodling stable coins.

Governments certainly do not need private and commercial stablecoins, so they will not use them in their activities. They will issue their own digitized central bank currencies and in some cases will use the same digitized currencies of other countries. Using existing non-government stablecoins increases their risk, so they will not risk it.

[cryptoboss2020]

I guess governments may indeed shift to the use of CBDCs, so that's roughly the equivalent of stable coins. They'd be unlike the existing stable coins because they're not backed by fiat currencies; they're the fiat currencies themselves.

However, if this happens it is impossible that governments will issue their digital coins on a platform they do not own themselves. I don't think governments will make use as their official currencies coins which are built on Ethereum and other private or, if there are any, decentralized and independent blockchains.   

So I still don't know how you would possibly earn from hodling stable coins.

Governments certainly do not need private and commercial stablecoins, so they will not use them in their activities. They will issue their own digitized central bank currencies and in some cases will use the same digitized currencies of other countries. Using existing non-government stablecoins increases their risk, so they will not risk it.

They can put regulations on USDT

[AIF]

I guess governments may indeed shift to the use of CBDCs, so that's roughly the equivalent of stable coins. They'd be unlike the existing stable coins because they're not backed by fiat currencies; they're the fiat currencies themselves.

However, if this happens it is impossible that governments will issue their digital coins on a platform they do not own themselves. I don't think governments will make use as their official currencies coins which are built on Ethereum and other private or, if there are any, decentralized and independent blockchains.   

So I still don't know how you would possibly earn from hodling stable coins.

Governments certainly do not need private and commercial stablecoins, so they will not use them in their activities. They will issue their own digitized central bank currencies and in some cases will use the same digitized currencies of other countries. Using existing non-government stablecoins increases their risk, so they will not risk it.

They can put regulations on USDT

I wonder how they can do it

[so98nn]

It’s not that attractive scheme though. If you love stable coin so much and think about it as investment opportunity for example, lending, give aways, easy to transact etc then why not choose Fiat itself? It makes no such sense except the fact they are in crypto space. Personally I never liked the idea of stable coin to make income out of it. One way or other it’s just safe house for you when other crypto currency’s are falling apart during apocalyptic events. Lolz

But, won’t comment on other who states that it’s way of passive income. It’s good in theory but in practical approach it’s waste of time. 

[AIF]

It’s not that attractive scheme though. If you love stable coin so much and think about it as investment opportunity for example, lending, give aways, easy to transact etc then why not choose Fiat itself? It makes no such sense except the fact they are in crypto space. Personally I never liked the idea of stable coin to make income out of it. One way or other it’s just safe house for you when other crypto currency’s are falling apart during apocalyptic events. Lolz

But, won’t comment on other who states that it’s way of passive income. It’s good in theory but in practical approach it’s waste of time. 

The only difference from Fiat is the possibility of cross-border transfers bypassing banks

[JollyGood]

There has been a lot negative press with USDT because of the secrecy surrounding their claim to exactly have $1 value in swap with Tether. I think stable coins have a lot going for them if managed correctly. USDC seems to be limiting itself by concentrating on core customers of Coinbase and associated/involved companies but they seem to have little or no negative press whereas Tether really has had bad press.

Stable coins are without doubt a handy innovation but there fear of them not truly holding their stable price in USD$ is what pushes investors away as much as it pulls them towards it.

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

[CarnagexD]

Stablecoins are not as profitable as you're trying to make it out to be. They are definitely good store of value coins and a great start to educate people on how to use cryptocurrencies but that's about where their usability ends honestly. And in your post you mentioned government being involved in thsi scheme which is always a recipe for disaster if ever I saw one.

It’s not that attractive scheme though. If you love stable coin so much and think about it as investment opportunity for example, lending, give aways, easy to transact etc then why not choose Fiat itself? It makes no such sense except the fact they are in crypto space. Personally I never liked the idea of stable coin to make income out of it. One way or other it’s just safe house for you when other crypto currency’s are falling apart during apocalyptic events. Lolz

But, won’t comment on other who states that it’s way of passive income. It’s good in theory but in practical approach it’s waste of time.  

Exactly. It's good as a form of passive income because there is literally no risk involved in stablecoins, but the low rewards counteract this.

[GideonGono]

Same thing could be said in Decentralized coin like BTC if we hold it for a long time we could also get a good ROI,
Actually we could say the same thing to some crypto since they had shown us that they have grown over the past years.
But we must choose what we think would be most profitable for us and suited to our trading skills.

[kotajikikox]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

if does then why does the USDT capitalization remains as lowest as 3rd position ? if government are accumulating this then this must have break ETH cap?

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

Lol instead of USDT or stable coin they should have lend BTC instead because of the volatility that may favor them for long term.

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

Sure?you HODL USDC? common , How much ?1000 USDC?

[Novatech8]

Stable coins aren't really like fiat, they just work like fiat in the digital world, USDT for example have nothing to sure the world that they ate really backed by real world assets or reserve, all we hear from them are nothing but words only, but I don't mind, we can't expect them to show us their reserves or can we?

[ololajulo]

I don't know of any stable coin in this market created by government. Mere holding stable coin especially not for taking from the bull market rewarding. However, more use have been coming as staking and Defi that could fetch more money while money sit in a wallet. Similar to bank fixed money but produce more reward.

[DooMAD]

There are only two possibilities when it comes to stablecoins and savings.  Either:

a) they're not designed for that purpose, or
b) whoever designed them did a terrible job on fulfilling that particular aspect

Anyone who thinks they're going to strike it rich by hodling an IOU that's pegged to fiat is setting themselves up for a fall.  The only useful purpose of stablecoins is to daytrade with other coins in an attempt to turn a profit.

[cryptoboss2020]

There are only two possibilities when it comes to stablecoins and savings.  Either:

a) they're not designed for that purpose, or
b) whoever designed them did a terrible job on fulfilling that particular aspect

Anyone who thinks they're going to strike it rich by hodling an IOU that's pegged to fiat is setting themselves up for a fall.  The only useful purpose of stablecoins is to daytrade with other coins in an attempt to turn a profit.

Its always easy to critizise other ideas and plans but do you have any better? 
If not go along with this dont fight  its only matter of time once the stable coins becomes approved by government as accepted currency world wide.
If would be something different then it would be ready model all ready somewhere so USDC will be First one.

[DooMAD]

Its always easy to critizise other ideas and plans but do you have any better?

Yes, I'm going to keep accumulating bitcoins.  Unlike stablecoins, the number of advantages gained from hodling BTC appears to outweigh the disadvantages.  

All I can see for hoarding stablecoins is a long list of negatives:

• Your wealth isn't actually yours
• May not be backed 1:1
• Weak to regulatory shutdown
• Would be in direct competition with CBDCs if they launch
• Won't increase in value versus the underlying fiat currency

Now, please, either come up with some ideas that aren't as easy to criticise, because you've actually put some thought and understanding into them, or stop complaining.  If you sincerely believe that all ideas are worthy of praise, regardless of substance, then I'm going to assume I'm talking to a child here.  It's a simple fact of life that you need to demonstrate at least some basic competence in your chosen subject in order for your ideas to be taken seriously.  Anyone who has been around crypto for a while can tell right away that you don't understand what you're saying.

its only matter of time once the stable coins becomes approved by government as accepted currency world wide.

Again, no government or central bank in their right mind is going to give a private company that much influence over their economy.  Also, the underlying US Dollar isn't "accepted worldwide".  I can't spend American cash in any shop in my country.  So there's no point in pretending the token that (supposedly) represents US Dollars would be accepted in retail stores by the general public anywhere other than America either.

Enough with the flights of fancy and wishful thinking.  Stop dreaming.  It's time to get real and show some common sense now.

[cryptoboss2020]

Its always easy to critizise other ideas and plans but do you have any better?

Yes, I'm going to keep accumulating bitcoins.  Unlike stablecoins, the number of advantages gained from hodling BTC appears to outweigh the disadvantages.  

All I can see for hoarding stablecoins is a long list of negatives:

• Your wealth isn't actually yours
• May not be backed 1:1
• Weak to regulatory shutdown
• Would be in direct competition with CBDCs if they launch
• Won't increase in value versus the underlying fiat currency

Now, please, either come up with some ideas that aren't as easy to criticise, because you've actually put some thought and understanding into them, or stop complaining.  If you sincerely believe that all ideas are worthy of praise, regardless of substance, then I'm going to assume I'm talking to a child here.  It's a simple fact of life that you need to demonstrate at least some basic competence in your chosen subject in order for your ideas to be taken seriously.  Anyone who has been around crypto for a while can tell right away that you don't understand what you're saying.

its only matter of time once the stable coins becomes approved by government as accepted currency world wide.

Again, no government or central bank in their right mind is going to give a private company that much influence over their economy.  Also, the underlying US Dollar isn't "accepted worldwide".  I can't spend American cash in any shop in my country.  So there's no point in pretending the token that (supposedly) represents US Dollars would be accepted in retail stores by the general public anywhere other than America either.

Enough with the flights of fancy and wishful thinking.  Stop dreaming.  It's time to get real and show some common sense now.

Well the btc is Good only until Economic crash  
But stable coins are Good and stable always. 
And government trust stable coins more government officials are very realistic people. 
I trust guys on federeal reserve and IMF  they know what is Good for money.

[whyrqa]

so that who does not say, but stablecoins have always been in demand in the cryptocurrency market and helped users to minimize their losses during the fall in cryptocurrency rates. It is possible to compare the indicators of 2016, 2017 and 2018, when the cryptocurrency grew and fell very low, but stablecoins remained at their level and gave many cryptocurrency users the opportunity to preserve their capital.

[Imran232]

I like stable coins soo much. My most preferred coin is usdt. It is in all blockchain supported coin. In my opinion it is a must needed coin for all who is interested to do a safe spot trade. We all know that spot trade is much more easy in trading industry. It is quite same as swap. And we use usdt like crypto cash. As an example, if we buy bitcoin at $30k price it might be we buy through usdt. Then we saw a huge pump and bitcoin reach $40k. If we don't exchange it right now then we can loss this $10k profit. What should we do in this case we use usdt. Now we got $40k. $10k profit now there is no chance to loss because its price is stable. So if bitcoin gose again $30k now we cam buy more than 1 bitcoin. This is why stable coin is must needed. And usdt is my favourite.

[adzino]

I don't think government will be using USDT or any other currently available stable coins. They highly likely will make their own stable currencies if they wish to go mainstream. Mined/minted and controlled by the central bank, giving the government full power while making good use of crypto currencies.
I think haven't heard about the horror stories linked to USDT. People say that your USDT can be frozen on your own wallet by tether. I have read about various wallets getting frozen. Even USDC wallets can be blacklisted. So, are you still a big fan?

[cryptoboss2020]

I like stable coins soo much. My most preferred coin is usdt. It is in all blockchain supported coin. In my opinion it is a must needed coin for all who is interested to do a safe spot trade. We all know that spot trade is much more easy in trading industry. It is quite same as swap. And we use usdt like crypto cash. As an example, if we buy bitcoin at $30k price it might be we buy through usdt. Then we saw a huge pump and bitcoin reach $40k. If we don't exchange it right now then we can loss this $10k profit. What should we do in this case we use usdt. Now we got $40k. $10k profit now there is no chance to loss because its price is stable. So if bitcoin gose again $30k now we cam buy more than 1 bitcoin. This is why stable coin is must needed. And usdt is my favourite.

Yes thats true stable coins are serious and bitcoin is funny business up and down up and down.
Stable is stable.
USDT is best Yes
USDT is king of the crypto!

[AndySt]

I don't think government will be using USDT or any other currently available stable coins. They highly likely will make their own stable currencies if they wish to go mainstream. Mined/minted and controlled by the central bank, giving the government full power while making good use of crypto currencies.
I think haven't heard about the horror stories linked to USDT. People say that your USDT can be frozen on your own wallet by tether. I have read about various wallets getting frozen. Even USDC wallets can be blacklisted. So, are you still a big fan?

Governments can, with some reservations, quite calmly treat cryptocurrencies and even try to use them, but of course they will not in any case compete with their own fiat currencies, because this resembles the introduction of a parallel monetary printing press, which violates the state's monopoly on such things. But still, it seems that before the widespread introduction of state-owned cryptocurrencies, you can not worry much about stablecoins yet.

[VanDeinsberg12]

Bruh, the government will definitely create their own stablecoin that they could fully control instead of relying on third parties owned stablecoin. Moreover if the government trying to create CBDC it could turns out as how has happened in India which is the government banning cryptocurrencies.
They surely have the resource to do so and could also align with their idea of preventing money laundering even in crypto. Not to mention creating ERC20 token is easy af if they don't want to create their own blockchain, that idea is not realistic at all.

[jerry0]

In terms of most popular and safest....


I assume


popular


usdt
usdc
gemini dollar



safest


usdc
gemini dollar
usdt



Would you say this is right?  Well i know there is also busd as well and also DAI and pax.

[cryptoboss2020]

In terms of most popular and safest....


I assume


popular


usdt
usdc
gemini dollar



safest


usdc
gemini dollar
usdt



Would you say this is right?  Well i know there is also busd as well and also DAI and pax.

Yes you are correct

[Majharul Saiif]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

In my point of view, I am also a big fan of Stable coin like USDT. Because every time when I go for trade purposes, I choose USDT pair because the price get stable there. When I use Btc or Eth pair then I convert it to USDT then the amount become stable and it is a way of making more amount. This is why, I like most to stable coin.

[cryptoboss2020]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

In my point of view, I am also a big fan of Stable coin like USDT. Because every time when I go for trade purposes, I choose USDT pair because the price get stable there. When I use Btc or Eth pair then I convert it to USDT then the amount become stable and it is a way of making more amount. This is why, I like most to stable coin.

Yes my most trading pair are also USDT.
Well the USA dollar is weak should be eur pairs most Common

[darewaller]

so that who does not say, but stablecoins have always been in demand in the cryptocurrency market and helped users to minimize their losses during the fall in cryptocurrency rates. It is possible to compare the indicators of 2016, 2017 and 2018, when the cryptocurrency grew and fell very low, but stablecoins remained at their level and gave many cryptocurrency users the opportunity to preserve their capital.

That is the reason why there is massive trading volume for USDT in the market because people have found something to rely on during a swinging market and actually earlier we had to trade the BTC/ETH market because USDT was not there, now with the introduction of Tether or lets say stablecoins we get a good pair and some stability even in the highly volatile crypto market.

I remember years back once when BTC was falling down, I had to pay a 10% fees and convert my bitcoins into my fiat currency because I was afraid the price might go down even further by the next morning and this problem is now solved with the introduction of stable coins. I wish I had not sold my coins years back, feels bad everytime I think about it.

[kram31]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

This is your own opinion only dude, but just like what I had read in the other forums where we don't know what will happen tomorrow.
Your understanding about stable coins might be happen or maybe not. But so far Stable coin and digital currency are both giving profit
at the present time now, that's the truth now.

[Renampun]

a stablecoin is great for payment but not for investment IMO...
And yes, we are seeing changes continue, and also the interest in cryptocurrencies is increasing so it is very important for the government to make new rules about stablecoin. *stablecoins are a future payment alternative

[MCobian]

It's no coincidence that USDT is the third most popular coin until now, because indeed most people need stable coins. Therefore the demand for stable
coins is very high, because stable coins are not affected by the highly volatile crypto market. So it is very good to save the capital we have,
I like you, including the big fan of stable coins. Because it is very useful for stable coins for this cryptocurrency environment. But making stable coins
for investment is a wrong decision, because the price of stable coins that is too stable is very difficult to make profit. But stable coins can be used to
secure the profit we get from crypto trading.

[TedMosby]

so what's the point of having stablecoin? because stablecoin is a coin to represent the fiat in a stable way 1:1.
I only use stablecoin like USDT TRC20 to transfer my money from one exchange to another exchange market.
even if stablecoin is in high demand (for example, it can be used for lending service), it will be still 1:1 to its fiat representation.
CMIIW.

[jasonjm]

Stable coin is called stable because it can not fluctuate with the market and if someone is looking to save there investment profit, they provide a very good option in digital form. Always use USDT or other stable coin as a trading pair.

[suzanne5223]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

This is an unacceptable investment decision because the government's aim was to regulated centralized stable coin and also create their own Central Bank Digital Currency why would they choose to collect and mint stablecoin which was not owned by the Fed?
The last time I checked, they will rather create their own centralized stablecoin coin than collecting USDT or USDC.

Stable coin is called stable because it can not fluctuate with the market and if someone is looking to save there investment profit, they provide a very good option in digital form. Always use USDT or other stable coin as a trading pair.

That's totally wrong buddy, Stablecoins are not totally stable in price, they also fluctuate in price and the same thing goes to fiat currency when it devalues. I think people overestimated the concept of stablecoins, USDT is not better stablecoin and it better to choose stablecoin that are honest about their reserve funds.

[vintages]

I am just curious to know where you get such believe that the government will mint stablecoin which we all know that stablecoin are being developed by individuals just like other crypto asset. And even if this is possible, how do you earn by holding stablecoin that has values that is pegged to USD. Maybe you think you will lend the government your coin and earn return in profit when you already stated that that can mint the stablecoin. In as much as i like stablecoin because it provide means through which we can minimize our lost when crypto market goes down. It also has it own cons since they are centralized asset which mean they can be subject to regulation easily which might even result on loss of asset in case it is being ban by the government

You said it all.
No matter how fancy it may look, purchasing or having any stable coin or even any cryptocurrency from the government is way too risky.
They have absolute control over it and one day you can just wake up and see they ban it. And there is nothing anyone can do. Also, I don't see anyone gaining from it, they will make sure the price remain insanely static.

[Samayuki]

It doesn't make sense because the government already have a plan to release their own CBDC, why would they put CBDC aside and allow USDT? I only use USDT to store some dollars that's the only use i have for the project, if you invest on USDT you aren't getting anything back, a stable coin is a stable coin

[AndySt]

It doesn't make sense because the government already have a plan to release their own CBDC, why would they put CBDC aside and allow USDT? I only use USDT to store some dollars that's the only use i have for the project, if you invest on USDT you aren't getting anything back, a stable coin is a stable coin

If you start talking about investing, then you should immediately make a reservation that stablecoins, due to their binding to the exchange rate of fiat currencies, do not have anything to invest in. Also, you should immediately keep in mind that all stablecoins have no direct relationship to fiat currencies and no one can give any guarantee of the safety of funds, so if you want to increase your funds through cryptocurrencies, then stablecoins will not be able to help in any way.

[Webetcoins]

I don't think government will be using USDT or any other currently available stable coins. They highly likely will make their own stable currencies if they wish to go mainstream.

Definitely because they would never adopt something they cannot control and I even heard some countries are building their own crypto. Its not going to be worth much though because its like just digital money since the government controls it. I don't even understand why governments are jumping into crypto when earlier they were looking to ban it.

They surely have the resource to do so and could also align with their idea of preventing money laundering even in crypto. Not to mention creating ERC20 token is easy af if they don't want to create their own blockchain, that idea is not realistic at all.

But, why would someone use government made crypto if they are controlling it so hard and there is going to be no opportunity of growth because they are going to make stable-coins. Also the PoS rewards are going to be more like the standard interest we get from the banks.

[SaShiRaJaVu]

It doesn't make sense because the government already have a plan to release their own CBDC, why would they put CBDC aside and allow USDT? I only use USDT to store some dollars that's the only use i have for the project, if you invest on USDT you aren't getting anything back, a stable coin is a stable coin

The OP always has insane theories as i have seen some of the threads he created  . Might be he is confused with all these private stable coins and why would a government mint them when they can come up with their stable coin. Everyone use these stable coins just to hold our profit and i do not even trust to hold USDT for a much longer period because i do not trust them to hold my valuation for the long haul.

[cryptoboss2020]

It doesn't make sense because the government already have a plan to release their own CBDC, why would they put CBDC aside and allow USDT? I only use USDT to store some dollars that's the only use i have for the project, if you invest on USDT you aren't getting anything back, a stable coin is a stable coin

The OP always has insane theories as i have seen some of the threads he created  . Might be he is confused with all these private stable coins and why would a government mint them when they can come up with their stable coin. Everyone use these stable coins just to hold our profit and i do not even trust to hold USDT for a much longer period because i do not trust them to hold my valuation for the long haul.

Well world is about business and profit.
The Private sector offers services to government.

[Shasha80]

I'm not a fan of stable coins, but I'm not a stable coins hater either. So I use stable coins only to store the profit I make from crypto trading.
So it is wrong if someone expects a profit from investing in stable coins. Because the stable coins price is pegged to USD which makes stable coins
cannot be used as an asset to generate profit. Therefore, many people save trading capital in stable coins, to avoid volatile markets.

[cryptoboss2020]

I'm not a fan of stable coins, but I'm not a stable coins hater either. So I use stable coins only to store the profit I make from crypto trading.
So it is wrong if someone expects a profit from investing in stable coins. Because the stable coins price is pegged to USD which makes stable coins
cannot be used as an asset to generate profit. Therefore, many people save trading capital in stable coins, to avoid volatile markets.

I support what good for me!
If 2023 will be huge market crash then we know fiat currency value will go up.
If by then in USA have official currency USDT then its good to collect USDT now to smile later  
Also there is predictions your USDT value will double in 4 years.
In economy crash even Gold all the risk assets will fall down.

Thats Why its good to be ready for USDT

[Webetcoins]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

You’re a big fan of stable coins? That shows why you’re having this kind of thought that the government will abandon the fiat which is our conventional currency and start making use of stable coins by third parties, you’re not serious. If you simply said that stable coins will be a trend, then I would have agreed.

In case you don’t know ,if government wants to go into stable coins they will be creating their own stable coins and not making use of the ones by third parties. And moreover, stable coins don’t get you profit, it stays the same amount unless you lend it as you said.

[nicecrypto]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

Quite frankly I don't think any government will mint any stable coin as the already existing stable coins are not from any government but from individual crypto projects and also thinking or having the idea of HODLing stable coins and making good ROI from them really don't make sense to me cos the little I know about using stable coins in crypto space is for you not to lose the value of your another crypto assets when the price is in a downward trend.

[lixer]

Quite frankly I don't think any government will mint any stable coin as the already existing stable coins are not from any government but from individual crypto projects and also thinking or having the idea of HODLing stable coins and making good ROI from them really don't make sense to me cos the little I know about using stable coins in crypto space is for you not to lose the value of your another crypto assets when the price is in a downward trend.

Well, there are some places that does pay you interest for your USDT or anything like that, which is really not that bad, I think it is quite good and I honestly think if you could find a way to make that more trustworthy, or get it from a place that is profitable, that could end up with a great amount of profit in the future for you.

I have invested a lot in them, I am a bit afraid because if it crashes that means I am going to lose all my money that I put aside, of course this is money I can afford to lose but I still think that I would rather not lose them .

However making money via crypto currency by putting dollars into something and making a huge return all thanks to system representing a ponzi like scheme where you do not lose money as long as people do not withdraw a lot is actually quite good. I do not think that people all would withdraw together and I think we are going to keep making this interest.

[Webetcoins]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

Proper reserve is a difficult question to answer for most of the satblecoin, how are they exactly backed, do they have billions of dollars on some bank account, do they have the paper for it on some vault? Do they have some digital numbers moving around from one place to another saying they are backed? Do they have bonds or gold or anything else worth that much? Do they have crypto that they bought with USDT which allowed them to be backed now but with a crash become not backed? There are a billion questions that could be asked about how they are backed even if they are backed.

Hence, I think it is not wise to use stuff like USDT, if you want fiat, go with fiat, if you want crypto, go with crypto, never trust your money with some stranger telling you that they have your money and will give it to you whenever you want, thats a shady business model from the start anyway.

[justdimin]

I think it is not wise to use stuff like USDT, if you want fiat, go with fiat, if you want crypto, go with crypto, never trust your money with some stranger telling you that they have your money and will give it to you whenever you want, thats a shady business model from the start anyway.

Go fiat is easy to say but actually its not as easy. I mean you would have to transfer money to banks and then withdraw again when you want to buy Bitcoins. With USDT or any other stable coin you save a lot of time and transactions because you can immediately use them. I myself don't like the idea of holding a crypto which is centralized and the reserves are unknown but then there are other stable coins like Binance stable coin BUSD which I think the people who use Binance can trust. If you trust Binance as an exchange there is no problem trusting the stable coin they introduced.

Also forgot to mention there is a coinbase stable coin which has continuous audits and is way better than Tether in terms of legality and transparency so one can use it if trust and transparency is an issue.

[GeorgeJohn]

I am just curious to know where you get such believe that the government will mint stablecoin which we all know that stablecoin are being developed by individuals just like other crypto asset. And even if this is possible, how do you earn by holding stablecoin that has values that is pegged to USD. Maybe you think you will lend the government your coin and earn return in profit when you already stated that that can mint the stablecoin. In as much as i like stablecoin because it provide means through which we can minimize our lost when crypto market goes down. It also has it own cons since they are centralized asset which mean they can be subject to regulation easily which might even result on loss of asset in case it is being ban by the government

The problem is that you won't blame op much because blaming op will discourage he/her to research again, because I noticed that this is one of the factors that makes beginner's to run out of the community, what them really needs from my perspective is direction, encouragement and correction so that they will follow the fool.steps of the forum and senior colleagues.

[Twentyonepaylots]

Stablecoins have been receiving some notice way recently most likely because of Elon shilling Dogecoin on his twitter account. And personally I think that the framework of the new currency system which will happen once cryptocurrency takes in charge of the world, will be set in stablecoins whilst the volatile ones will continue to be used for asset and investment.

[Amejoaquim]

I'm one of the fans for the big coins and I don't care about other coins that are outside of the Top 10 MarketCap.

The main reason why I love coins that are in the top 10 is very simple because almost all of that coins has a good development and has a real working product and one more thing they had a lot of fans who really support and loyal with that coin.

[tygeade]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

The government will create their own stablecoins and it has nothing to do with USDT or whatever other stablecoins you have mentioned here. And for now we don’t know which blockchain they are going to use, but I’m very sure that they will like to create their own blockchain for the project.

And in case you don’t know, you’re not getting any profit from stablecoins, they are just stable and are pegged to fiat, so holding them is basically holding fiat. Unless you’re going to be lending them out, but that’s a normal thing that you will get profit when you lend out, no matter what you lend with.

[cryptoboss2020]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

The government will create their own stablecoins and it has nothing to do with USDT or whatever other stablecoins you have mentioned here. And for now we don’t know which blockchain they are going to use, but I’m very sure that they will like to create their own blockchain for the project.

And in case you don’t know, you’re not getting any profit from stablecoins, they are just stable and are pegged to fiat, so holding them is basically holding fiat. Unless you’re going to be lending them out, but that’s a normal thing that you will get profit when you lend out, no matter what you lend with.

The gov can create  if no body dont get profit out of it no body dont move.

[jrrsparkles]

The gov can create  if no body dont get profit out of it no body dont move.

CBDC, government will built their tokens on their own blockchain not on ethereum network as you mentioned so the profits will be made by government by simply minting more tokens when the demand increase so people are not going to make any ROI with government issued centralized tokens.

[cryptoboss2020]

The gov can create  if no body dont get profit out of it no body dont move.

CBDC, government will built their tokens on their own blockchain not on ethereum network as you mentioned so the profits will be made by government by simply minting more tokens when the demand increase so people are not going to make any ROI with government issued centralized tokens.

Lol 
We can mint Our own erc20 token s lol
Why I should trust them lol

[cryptoboss2020]

Hello, I still do not understand the mechanism by which bitcoin or ethereum, or any other virtual currency, increases or decreases the price / value

Its sell and buy orders on Exchangers.
Thats how
Bigger demand bigger price.
But if people who got a lot cash they Control

[SquallLeonhart]

Proper reserve is a difficult question to answer for most of the satblecoin, how are they exactly backed, do they have billions of dollars on some bank account, do they have the paper for it on some vault? Do they have some digital numbers moving around from one place to another saying they are backed? Do they have bonds or gold or anything else worth that much? Do they have crypto that they bought with USDT which allowed them to be backed now but with a crash become not backed? There are a billion questions that could be asked about how they are backed even if they are backed.

Hence, I think it is not wise to use stuff like USDT, if you want fiat, go with fiat, if you want crypto, go with crypto, never trust your money with some stranger telling you that they have your money and will give it to you whenever you want, thats a shady business model from the start anyway.

Agree, USDT is not something I would be fine with. DAI on that fron is really a better version, not like I have any dai neither but I think it is at least a bit better because it is working towards becoming a bit more decentralized, and even though there are still things that are lacking there, it is a step taken in the right direction.

What USDT has is literally a company behind it working with a Bahamas bank in order to get away from regulations of USA and be free to do whatever they want with the money they have, is that really reasonable to say that they are legit? I know that they will screw people over and scam them as soon as they find a way to get out without anything bad happen to them. However DAI is not like that, it is decentralized and nobody at the top could steal it.

[jrrsparkles]

The gov can create  if no body dont get profit out of it no body dont move.

CBDC, government will built their tokens on their own blockchain not on ethereum network as you mentioned so the profits will be made by government by simply minting more tokens when the demand increase so people are not going to make any ROI with government issued centralized tokens.

Lol 
We can mint Our own erc20 token s lol
Why I should trust them lol

Who told you trust those coins which are premined.

Tokens created for profits to the developers and the investors also knows that but all they want to do is to take advantage of the initial sale discounts and will dump it once they hit the exchanges.

[Arkann]

It doesn't make sense because the government already have a plan to release their own CBDC, why would they put CBDC aside and allow USDT? I only use USDT to store some dollars that's the only use i have for the project, if you invest on USDT you aren't getting anything back, a stable coin is a stable coin

If you start talking about investing, then you should immediately make a reservation that stablecoins, due to their binding to the exchange rate of fiat currencies, do not have anything to invest in. Also, you should immediately keep in mind that all stablecoins have no direct relationship to fiat currencies and no one can give any guarantee of the safety of funds, so if you want to increase your funds through cryptocurrencies, then stablecoins will not be able to help in any way.

Anyway, a person will be wrong if he plans to increase his capital thanks to his investments in stablecoins. The very essence of the stablecoin is a practical fixed rate.
  It is beneficial to use a stablecoin at a specific time when the market falls in order to minimize your loss, or to store your funds on the blockchain, and not in the bank.

[Ozero]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

I'm not sure if governments will issue their stablecoins based on the ethereum platform, or even blockchain at all. China, as it turned out, is not issuing its digitized yuan on blockchain technology, they will have something of their own and they have been creating their stablecoin since 2014. Apparently, by that time they simply did not pay attention to this technology.
I think it would be nice if most of the stablecoins of the central banks of the states are issued on the ethereum platform. This means that their wallets must be compatible with ethereum and its tokens.
It should also be borne in mind that governments may further prohibit individuals and various businesses from using their currency to provide other stablecoins.

[Taskford]

It doesn't make sense because the government already have a plan to release their own CBDC, why would they put CBDC aside and allow USDT? I only use USDT to store some dollars that's the only use i have for the project, if you invest on USDT you aren't getting anything back, a stable coin is a stable coin

If you start talking about investing, then you should immediately make a reservation that stablecoins, due to their binding to the exchange rate of fiat currencies, do not have anything to invest in. Also, you should immediately keep in mind that all stablecoins have no direct relationship to fiat currencies and no one can give any guarantee of the safety of funds, so if you want to increase your funds through cryptocurrencies, then stablecoins will not be able to help in any way.

Anyway, a person will be wrong if he plans to increase his capital thanks to his investments in stablecoins. The very essence of the stablecoin is a practical fixed rate.
  It is beneficial to use a stablecoin at a specific time when the market falls in order to minimize your loss, or to store your funds on the blockchain, and not in the bank.

The only good thing we can get on stable coin is that reasons about being safe from the dump if market crash but what happen if we are bullish the same what happen these year? We are left out and doesn't earn anything for staking stable coins. This is one of the reason why I choose to use this sometimes just only for my trades since I want to earn by volatility and good market strikes for using volatile coins like bitcoin also with ethereum.

[Darkelf11]

Stable coins are just the same as the dollar like the usdt this is part of the stable coin, also with DAI there is nothing wrong if they tried to adopt this kind of currencies because it's the same and depends on the fiat currency at the same time supported with the cryptocurrency platform there is no trouble may get if they want to commit a transaction. So far in my countryside have not any idea if they would like to support this or not. Hoping sooner or later.

[iv4n]

OP lives in some imaginary world! To say that before anything else!

Stable coins are just the same as the dollar like the usdt this is part of the stable coin, also with DAI there is nothing wrong if they tried to adopt this kind of currencies because it's the same and depends on the fiat currency at the same time supported with the cryptocurrency platform there is no trouble may get if they want to commit a transaction. So far in my countryside have not any idea if they would like to support this or not. Hoping sooner or later.

They are not the same as the dollar, stable coins just have the same value as some fiat currencies... but they are far from the same!

Stable coins are good for getting in and out from the trades... at least for now! To be honest, I don't see stable coins or fiat in some far future, they will become obsolete! But that's my opinion!

And don't mix governments and stable coins, one has no connections with the other!

[satsmainman]

Stable coins have a very strong benefit in the cryptospace, particularly to everyone in the space as it bring fiat into the cryptospace. When the supply is manage by a trusted provider, there's no cause for alarm. USDT and the rest are a good hedge for traders when the market is going south.

[LUCKMCFLY]

Having stablecoin is not bad, tether, usdt for me , are the most reliable, some are now preferring BUSD, I don't know what the reason is, but owning stablecoin to become a lender is good when you live in a country with a totally inflationary economy , since the local currency is devalued depending on the country.

If we take into account countries such as Venezuela, Argentina, having stablecoins is a luxury business, because if you sell stablecoin and exchange local currency, you are gaining with a large advantage due to the large arbitrage window that exists. Although to have everything under a good balance it is better to have half in Stablecoin and the other in Bitcoin or cryptocurrency. Although to have everything in good balance it is better to have half in Stablecoin and the other in Bitcoin or cryptocurrency, this just in case a rise in the price of the cryptocurrency occurs.

[cyriljundos]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

USDC is stable coin i agree but there are lot of coins that are more profitable than buying a stable coins like USDC. buying alternative altcoins in binance ,bittrex and other exchanges and trade it in order to gain profit in a short period of time. holding USDC is  also good  if you have high capital and holding it in months .

[arwin100]

your going to feel sorry if you traded all your volatile cryptos unto stable coins when the market pumps because you are not going to earn even a single cents but unless if you follow what the op advices which is your going to lend out your stable coins to the people that are in need  .

That's what the major disadvantage for holding stable coins so you will miss out the opportunity brought  up by the bullish market but on the other it hand it can make us safe also from high dumps if that scenario happen and if your holder or a fan of stable coins you can still earn by using it on your trades since this is good option to use to avoid unnecessary losses brought by volatility.

lending is a nice business tho indeed but you should be careful from lending your coins and lend only to those who you think are trusted and has a nice collateral  . if your a trader stable coins are still uselful with you if you know how to use them wisely .

This is the lender needs to be careful on who they are dealing with since the risk for barrower to default their loan is high so ask something good collateral is really good if you want to start a lending business by using those stable coins as your main currency.

[cryptoboss2020]

The only good thing we can get on stable coin is that reasons about being safe from the dump if market crash but what happen if we are bullish the same what happen these year? We are left out and doesn't earn anything for staking stable coins. This is one of the reason why I choose to use this sometimes just only for my trades since I want to earn by volatility and good market strikes for using volatile coins like bitcoin also with ethereum.

your going to feel sorry if you traded all your volatile cryptos unto stable coins when the market pumps because you are not going to earn even a single cents but unless if you follow what the op advices which is your going to lend out your stable coins to the people that are in need  .

 lending is a nice business tho indeed but you should be careful from lending your coins and lend only to those who you think are trusted and has a nice collateral  . if your a trader stable coins are still uselful with you if you know how to use them wisely .

Lol...  What You Think??
Im Going to lend only with guarnties.
I lend to governments and to make sure they back the governments have rulers who will either gives Land or other valueble assets.
Thats how it works men!

[jrrsparkles]

The only good thing we can get on stable coin is that reasons about being safe from the dump if market crash but what happen if we are bullish the same what happen these year? We are left out and doesn't earn anything for staking stable coins. This is one of the reason why I choose to use this sometimes just only for my trades since I want to earn by volatility and good market strikes for using volatile coins like bitcoin also with ethereum.

your going to feel sorry if you traded all your volatile cryptos unto stable coins when the market pumps because you are not going to earn even a single cents but unless if you follow what the op advices which is your going to lend out your stable coins to the people that are in need  .

 lending is a nice business tho indeed but you should be careful from lending your coins and lend only to those who you think are trusted and has a nice collateral  . if your a trader stable coins are still uselful with you if you know how to use them wisely .

Lol...  What You Think??
Im Going to lend only with guarnties.
I lend to governments and to make sure they back the governments have rulers who will either gives Land or other valueble assets.
Thats how it works men!

Government don't need our money, they can print their own because you are talking about a stable centralized crypto which is having the same value as the fiat money is having.

[Taskford]

The only good thing we can get on stable coin is that reasons about being safe from the dump if market crash but what happen if we are bullish the same what happen these year? We are left out and doesn't earn anything for staking stable coins. This is one of the reason why I choose to use this sometimes just only for my trades since I want to earn by volatility and good market strikes for using volatile coins like bitcoin also with ethereum.

your going to feel sorry if you traded all your volatile cryptos unto stable coins when the market pumps because you are not going to earn even a single cents but unless if you follow what the op advices which is your going to lend out your stable coins to the people that are in need  .

 lending is a nice business tho indeed but you should be careful from lending your coins and lend only to those who you think are trusted and has a nice collateral  . if your a trader stable coins are still uselful with you if you know how to use them wisely .

Lol...  What You Think??
Im Going to lend only with guarnties.
I lend to governments and to make sure they back the governments have rulers who will either gives Land or other valueble assets.
Thats how it works men!

Government don't need our money, they can print their own because you are talking about a stable centralized crypto which is having the same value as the fiat money is having.

They cannot print money easily as the value of their currency will go low, Try to research it and you will know more answer about what you said. And also governmemt need our money thats why they ask for tax so that they have money to use for certain planned projects.

I wonder how @cryptoboss could ask government to lend his money to them 😀. World Bank is already there and other big countries who are willing to give loan to small countries.

[Betwrong]

Hello, I still do not understand the mechanism by which bitcoin or ethereum, or any other virtual currency, increases or decreases the price / value

Its sell and buy orders on Exchangers.
Thats how
Bigger demand bigger price.
But if people who got a lot cash they Control

At this point too much "cash" is needed to control BTC price, and even Elon Musk, who can buy 100M troy ounces of gold with his net worth, can't control the price of Bitcoin. While with stable coins, well, it's a bit easier.

[jrrsparkles]

They cannot print money easily as the value of their currency will go low, Try to research it and you will know more answer about what you said. And also governmemt need our money thats why they ask for tax so that they have money to use for certain planned projects.

I wonder how @cryptoboss could ask government to lend his money to them 😀. World Bank is already there and other big countries who are willing to give loan to small countries.

They cannot print easily because they need a reason, last year US printed more money than how much fiat was printed for the whole two decades. But they cannot keep printing which will result into hyperinflation that is why government keeps the inflation rate under 6% for a normal year.

[Emitdama]

They cannot print money easily as the value of their currency will go low, Try to research it and you will know more answer about what you said. And also governmemt need our money thats why they ask for tax so that they have money to use for certain planned projects.

I wonder how @cryptoboss could ask government to lend his money to them 😀. World Bank is already there and other big countries who are willing to give loan to small countries.

They cannot print easily because they need a reason, last year US printed more money than how much fiat was printed for the whole two decades. But they cannot keep printing which will result into hyperinflation that is why government keeps the inflation rate under 6% for a normal year.

You might think like that, but people were worried about these printings as well and yet they did it and there is no hyperinflation. Hyperinflation would happen if the money you spend would become useless and just saved at the banks of the people, reality is that we have a lot of people spending that, as long as the money is in the circulation there is no problem, if there is a "need" for the money there is no problem at all.

This is why I think there is nothing wrong with this. There is a big deal about this, who knows what will happen with the money printed there, but I do not think that USDT or others are nearly there, they are capable of printing much more, look how much they grew from last year, BUSD wasn't even a thing people considered and now it is in billions and USDT was under 10 billion if I am not wrong whereas now it is God knows how much.

[cryptoboss2020]

They cannot print money easily as the value of their currency will go low, Try to research it and you will know more answer about what you said. And also governmemt need our money thats why they ask for tax so that they have money to use for certain planned projects.

I wonder how @cryptoboss could ask government to lend his money to them 😀. World Bank is already there and other big countries who are willing to give loan to small countries.

They cannot print easily because they need a reason, last year US printed more money than how much fiat was printed for the whole two decades. But they cannot keep printing which will result into hyperinflation that is why government keeps the inflation rate under 6% for a normal year.

You might think like that, but people were worried about these printings as well and yet they did it and there is no hyperinflation. Hyperinflation would happen if the money you spend would become useless and just saved at the banks of the people, reality is that we have a lot of people spending that, as long as the money is in the circulation there is no problem, if there is a "need" for the money there is no problem at all.

This is why I think there is nothing wrong with this. There is a big deal about this, who knows what will happen with the money printed there, but I do not think that USDT or others are nearly there, they are capable of printing much more, look how much they grew from last year, BUSD wasn't even a thing people considered and now it is in billions and USDT was under 10 billion if I am not wrong whereas now it is God knows how much.

Usdt is money! 
Until its in wallet.

[goldade]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

I do not understand how you came about your idea but I cannot help wonder how possible this is. I do not think it is possible to hold stable coins like the USDT and expect to have it increase in value in hopes of making profits.
Stable coins are called stable coins because they are pegged to the value of a dollar and do not have the potential to lose or increase in value. They are only necessary to protect your money in case of a bearish trend.

[DarkIT]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

Even you brought of stable coin, you need to keep patience in all spere.Even though the stable coin will no make a huge changes. You can inverse at the dump of the coin.Many coin was pumped up and dump in a short period. So don't think for long, just inverse your money to earn from it.

[jrrsparkles]

They cannot print money easily as the value of their currency will go low, Try to research it and you will know more answer about what you said. And also governmemt need our money thats why they ask for tax so that they have money to use for certain planned projects.

I wonder how @cryptoboss could ask government to lend his money to them 😀. World Bank is already there and other big countries who are willing to give loan to small countries.

They cannot print easily because they need a reason, last year US printed more money than how much fiat was printed for the whole two decades. But they cannot keep printing which will result into hyperinflation that is why government keeps the inflation rate under 6% for a normal year.

You might think like that, but people were worried about these printings as well and yet they did it and there is no hyperinflation. Hyperinflation would happen if the money you spend would become useless and just saved at the banks of the people, reality is that we have a lot of people spending that, as long as the money is in the circulation there is no problem, if there is a "need" for the money there is no problem at all.

This is why I think there is nothing wrong with this. There is a big deal about this, who knows what will happen with the money printed there, but I do not think that USDT or others are nearly there, they are capable of printing much more, look how much they grew from last year, BUSD wasn't even a thing people considered and now it is in billions and USDT was under 10 billion if I am not wrong whereas now it is God knows how much.

Actually governments are supposed to prints money only if they have equal amount on their reserve but it was changed later. Maybe you don't see the hyperinflation even though they printed a lot but surely the inflation increases and the purchasing power decreases which means the price of good are on the rise from 2020.

[matchi2011]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

Even you brought of stable coin, you need to keep patience in all spere.Even though the stable coin will no make a huge changes. You can inverse at the dump of the coin.Many coin was pumped up and dump in a short period. So don't think for long, just inverse your money to earn from it.

You can use it this way and earn with the volatile market like this, buy stable coin then find good assets that have very solid
fundamentals, wait for the dump then buy.

After some weeks or months the project will pump and your money will bring you decent profits, sell it back to stable coin
and keep repeating this setup you'll see much better outcome..

[doomloop]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

What you have just said now is something you can do with fiat, you can lend the money and get a percentage later, it’s just like a normal thing that people does. But, as for the government making use of the Ethereum platform and adopting stablecoins here, that’s not going to happen and you know that right? It’s never going to happen.

If the government has plans of creating a cryptocurrency (stablecoins) they are going to do so by making use of their own blockchain and not the ones that are available and decentralized. The government will prefer to make use of a platform that they have full control over it.

[Betwrong]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

What you have just said now is something you can do with fiat, you can lend the money and get a percentage later, it’s just like a normal thing that people does. But, as for the government making use of the Ethereum platform and adopting stablecoins here, that’s not going to happen and you know that right? It’s never going to happen.

If the government has plans of creating a cryptocurrency (stablecoins) they are going to do so by making use of their own blockchain and not the ones that are available and decentralized. The government will prefer to make use of a platform that they have full control over it.

In that case how it will be different from fiat money? Will people trust it? I think in the future people are going to trust decentralized platforms only, and the governments that aren't okay with their people's demands won't survive.

[cryptoboss2020]

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

What you have just said now is something you can do with fiat, you can lend the money and get a percentage later, it’s just like a normal thing that people does. But, as for the government making use of the Ethereum platform and adopting stablecoins here, that’s not going to happen and you know that right? It’s never going to happen.

If the government has plans of creating a cryptocurrency (stablecoins) they are going to do so by making use of their own blockchain and not the ones that are available and decentralized. The government will prefer to make use of a platform that they have full control over it.

In that case how it will be different from fiat money? Will people trust it? I think in the future people are going to trust decentralized platforms only, and the governments that aren't okay with their people's demands won't survive.

Government dont their own!!
All they need to do is to regulate USDT.
So Simple!! 
They can Say USDT is legit now we accept it.
It seems to me that most of you have not understood how the life works.

[WatchMaker]

For me, I'm not a big fan of stablecoins because they are dollar-pegged coins. I don't think the government will ever support any of the available Stablecoins because the government wants total control over its own cryptocurrency. Unless if they can fork one of the available stablecoins based on certain agreements. I'll only use the stablecoin to get out of the market when I feel like the market is not looking healthy.    

[cryptoboss2020]

For me, I'm not a big fan of stablecoins because they are dollar-pegged coins. I don't think the government will ever support any of the available Stablecoins because the government wants total control over its own cryptocurrency. Unless if they can fork one of the available stablecoins based on certain agreements. I'll only use the stablecoin to get out of the market when I feel like the market is not looking healthy.    

Government dont want Control, Government serve People who are wealthy Government are protecting wealthy People just.
If you be right time on  right place with right actions sure you want to stay wealthy.
So you the first adopter of stable coin will be successful.
You need to be Financial well then no matter what Government does it.

[DooMAD]

Government dont want Control, Government serve People who are wealthy Government are protecting wealthy People just.
If you be right time on  right place with right actions sure you want to stay wealthy.
So you the first adopter of stable coin will be successful.
You need to be Financial well then no matter what Government does it.

That doesn't make rational sense.  You don't get wealthy by merely adopting stablecoins.  You could only potentially increase your wealth by gambling with them by attempting to buy other coins with them that might increase versus the value of the stablecoin.  But at the same token, you can also lose wealth doing that.  Simply holding stablecoins doesn't do squat.

[cryptoboss2020]

Government dont want Control, Government serve People who are wealthy Government are protecting wealthy People just.
If you be right time on  right place with right actions sure you want to stay wealthy.
So you the first adopter of stable coin will be successful.
You need to be Financial well then no matter what Government does it.

That doesn't make rational sense.  You don't get wealthy by merely adopting stablecoins.  You could only potentially increase your wealth by gambling with them by attempting to buy other coins with them that might increase versus the value of the stablecoin.  But at the same token, you can also lose wealth doing that.  Simply holding stablecoins doesn't do squat.

We as you know you get stable coins when btc or alts going up and you sell it.

[Jemzx00]

Government dont want Control, Government serve People who are wealthy Government are protecting wealthy People just.
If you be right time on  right place with right actions sure you want to stay wealthy.
So you the first adopter of stable coin will be successful.
You need to be Financial well then no matter what Government does it.

That doesn't make rational sense.  You don't get wealthy by merely adopting stablecoins.  You could only potentially increase your wealth by gambling with them by attempting to buy other coins with them that might increase versus the value of the stablecoin.  But at the same token, you can also lose wealth doing that.  Simply holding stablecoins doesn't do squat.

We as you know you get stable coins when btc or alts going up and you sell it.

What do you mean? Holding other crypto doesn't entitle you to receive or get any stable coin. Also, holding stable coins won't produce any profit in the long run as the name states already, they are stable coins.

The only thing that I agree about you is the potential of stable coins to be adopted by the government and banks. Bitcoin and other crypto volatility is one of the reason why I don't see them to be use or adopted by the government unlike stable coins. For me, stable coins are like fiat currency that has been made into a digital currency.

[nicecrypto]

For me, I'm not a big fan of stablecoins because they are dollar-pegged coins. I don't think the government will ever support any of the available Stablecoins because the government wants total control over its own cryptocurrency. Unless if they can fork one of the available stablecoins based on certain agreements. I'll only use the stablecoin to get out of the market when I feel like the market is not looking healthy.    

Agreed. That is the only reason I deal with stable Coins to get out of the market or save my investment when the market is going down. I don't understand how some investors will thin that the government will support stable coins because for now we know most government don't want cryptocurrency because they don't have full control over it and I believe until they do, crypto will continue to be an anomaly to them.

[Betwrong]

~ I think in the future people are going to trust decentralized platforms only, and the governments that aren't okay with their people's demands won't survive.

Government dont their own!!
All they need to do is to regulate USDT.
So Simple!! 
They can Say USDT is legit now we accept it.
It seems to me that most of you have not understood how the life works.

Well, maybe life works differently in different countries. Governments can't do anything they want in countries with high Democracy Index, and there will be more and more such countries in the future.

~ For me, stable coins are like fiat currency that has been made into a digital currency.

That's what I think too. But I don't mind reading a good text showing the difference, or at least trying to show it.