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

[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.