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

[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.