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

[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.

[1715544202]

1715544202

[1715544202]

1715544202

[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