Will stablecoin be the next flashpoint In the cryptocurrency world?

[Argoo]

Stablecoin is not only a means of payment in cryptocurrency, but also a bridge between the financial property and the use property of the token.

The biggest stablecoin is the USDT for Tether, but I'm not bullish on it because it doesn't have a real entity.
The most successful one in my opinion so far is DAI, but it still has a lot of problems. I expect to see stablecoin with different solutions.

Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.

How can someone be bullish on a stablecoin? I mean you don't use them as an investment and hope that they increase in value because as their names already say their price is stable. So their main use is, at least for me, to store you value safely, if you don't want to use it for a while and still don't want it to transfer into real FIAT yet.
As for which stable coins is the best. USDT is still the biggest so far but it has always this rumours surrounding it, that i may be not backed by real USD 1to1 anymore because the company made irritating statements a while ago, so many think that USDC is more secure for example.

With current private and other commercial stablecoins, it's pretty straightforward. But what the stablecoins of the central banks of states will be like and what their relationship with the cryptocurrency will be is not yet so clear. Moreover, in fact, one of the largest and first of them - the digitized Chinese yuan will not be based on blockchain technology. When stablecoins of states appear en masse, they may conflict with current stablecoins, and in this case, states can restrict their circulation up to a complete ban. Therefore, the story of stablecoins will still continue.

[1714772799]

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[X-ray]

but now they extend to 19th/April, officail announcement said the reason to delay is because of excessive participant. you could find them on Polksastarter.

Is it 19 may or april? There are lots of people wanna get into the POLKA IDO. Myfriend was able joining in the polka ido and he was getting more than 50x in short time.
I don't know why people are putting very big expectation to the standard protocol even that's was another stable coin? if that was fully backed by USD and is not it the price will be equally with the fiat money.
It's pretty interesting to see where this project will be going on.

[Kemileye]

but now they extend to 19th/April, officail announcement said the reason to delay is because of excessive participant. you could find them on Polksastarter.

Is it 19 may or april? There are lots of people wanna get into the POLKA IDO. Myfriend was able joining in the polka ido and he was getting more than 50x in short time.
I don't know why people are putting very big expectation to the standard protocol even that's was another stable coin? if that was fully backed by USD and is not it the price will be equally with the fiat money.
It's pretty interesting to see where this project will be going on.

Will happends on 29th , which is tomorrow.
BTW they have IEO today on Gate.io, opening price is 0.25U, i think the price will be reach 3U when secondary markets opened. 

[dzonikg28]

but now they extend to 19th/April, officail announcement said the reason to delay is because of excessive participant. you could find them on Polksastarter.

Is it 19 may or april? There are lots of people wanna get into the POLKA IDO. Myfriend was able joining in the polka ido and he was getting more than 50x in short time.
I don't know why people are putting very big expectation to the standard protocol even that's was another stable coin? if that was fully backed by USD and is not it the price will be equally with the fiat money.
It's pretty interesting to see where this project will be going on.

Will happends on 29th , which is tomorrow.
BTW they have IEO today on Gate.io, opening price is 0.25U, i think the price will be reach 3U when secondary markets opened. 

I don't know how big this will become. Stablecoins are an important part of the ecosystem, but it depends on the specific stable coin. I prefer algorithmic stablecoins which are decentralized. It is harder to implement them and keep them stable, but they can become very robust if they achieve a reasonable scale. You don't ned collateral and you are not dependent on a centralized organization.

[tygeade]

Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.

What kind of innovation that you have observed with standard protocol? I am continuously seeing many of this forum members lately started shilling for standard protocol but unfortunately I could not find time to do my due diligence on this yet.

I am not seeing any possible innovation for a stablecoin but most devs are forgetting how a stablecoin should be. It needs to be having proper reserve back up; it means it should be easily liquidated at any time on demand. This way I am seeing tether is already performing well and I am not seeing it is heavily fluctuating hence I guess there cannot be any more innovation on stablecoin sector possible.

[semobo]

Stablecoin is not only a means of payment in cryptocurrency, but also a bridge between the financial property and the use property of the token.

The biggest stablecoin is the USDT for Tether, but I'm not bullish on it because it doesn't have a real entity.
The most successful one in my opinion so far is DAI, but it still has a lot of problems. I expect to see stablecoin with different solutions.

Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.

Stable coins can be never bullish, because the name itself has reason for it, the price will be stable all the time but it has the risk of losing its value to zero at any time. Digital fiat money is better than stable coins.

[tvplus006]

The best solution for the market would be to use decentralized stablecoins such as DAI and USDJ. But if you look at the capitalization of these coins, it becomes obvious that decentralized stablecoins are still little used. And this is due to the fact that many do not understand the advantages of using decentralized stablecoins over centralized ones.

[isaac_clarke22]

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This too. I am quite confused what OP meant "bullish" in stablecoins.
I mean I can use that when I trade, but I don't think it is worth the hodl because it is, of course, stable. There's no price movement. Just your US Dollar in crypto terminology.

[airdata]

We know that BUSD, USDC, DAI and USDT this all is Stablecoin on Crypto Market. But USDT is most useful stable coin on market. I think 90% Crypto worker use usdt as a stable coin and also USDT available on all crypo exchange.    

[ethereumhunter]

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This too. I am quite confused what OP meant "bullish" in stablecoins.
I mean I can use that when I trade, but I don't think it is worth the hodl because it is, of course, stable. There's no price movement. Just your US Dollar in crypto terminology.

Maybe usdt can be a way to prevent the losing value for the coin that we hold so when the price starts going down, you can convert your coin into usdt for a while, and if the price is really down deep, you can buy back with your usdt. In that way, you can save your funds and you can also have a chance to buy back the coin. I think that is the function of a stable coin for now but maybe in the future, the stable coin can be something different than what we use for now.

[dzonikg28]

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This too. I am quite confused what OP meant "bullish" in stablecoins.
I mean I can use that when I trade, but I don't think it is worth the hodl because it is, of course, stable. There's no price movement. Just your US Dollar in crypto terminology.

Maybe usdt can be a way to prevent the losing value for the coin that we hold so when the price starts going down, you can convert your coin into usdt for a while, and if the price is really down deep, you can buy back with your usdt. In that way, you can save your funds and you can also have a chance to buy back the coin. I think that is the function of a stable coin for now but maybe in the future, the stable coin can be something different than what we use for now.

USDT is a way to prevent losing value if and only if the price of that coin drops that it is denominated in. There is only one way to say I am bullish on stable coins: that is when you are the provider of stable coins and take a cut, but I doubt he is a provider of a stable coin that is accepted widely in the market.

I am not sure if Tether charges a tiny cut for the usage of their USDT? Or if exchanges share their trading cut with Tether provider.

[tabas]

Whether you're bullish or not with a stable coin, that doesn't make sense. The price is stable and whether there's a high liquidity on it, the price remains the same and stable.
CBDC will be the rival of stable coins but the government will introduce it for people to trust it rather than the stable coins.