Cost to develop stable coin

[ProIdiots]

What is the standard range to develop a good stable coin?

[ryzaadit]

What standard range?

I think we all know, you must sure the value of the coin is stable with the asset you are pegged. For example, you pegged with "FIAT" then your stable coin must have the same value and you can exchange the crypto stable coin with the asset you are pegged.

I think, stable-coin is the most easy concept.

[Bitcoin_Arena]

Why do you think there are few stablecoins out there?
Because it's a hard thing to do. Leave that for chaps who have a lot of money to peg the coin against, like exchanges. For example, have you noticed almost all the popular stablecoins are related to exchanges?

[wheelz1200]

What is the standard range to develop a good stable coin?

What do you mean.  I mean you can "develop" a stable coin for next to nothing.  It's the value that you can't buy.  Any coin can literally be created for next to nothing at this point.  That's why there are so many copy/paste coins that are literally worthless.

[poodle63]

surely millions of dollars, you definitely not gonna make a stablecoin where the total supply is below a million, let alone just few thousand just because your reserved fund isn't sufficient for the redeems.
considering the fact that stablecoins require you to have the same amount of reserve fund with the supply of your coins, as many have mentioned there is reason why not so many people could make stablecoin and mostly are being created by wealthy companies.

[X-ray]

What is the standard range to develop a good stable coin?

No standard range. Basically creating the smartcontract was so cheap but the problem is how many funds that already owned to backed your stable token. If you own nothing and im sure that your stable token was just another useless token. There shall be a fund to backed your stable token. This will be using the fiat money as a way for you to create stable token. In my opinion that if there was no standard for this. The range was random but this is also totally depend with the reputation of yours.

[dagrailzfor]

What is the standard range to develop a good stable coin?
https://t.me/s/cryptograil1

It depends, Algorithmic stablecoins should be virtually zero. There are other models like collateralized, partially etc

[makishart]

It depends, Algorithmic stablecoins should be virtually zero. There are other models like collateralized, partially etc

Yes but that was a failed model of stable token. UST has proven it. There was no reason to use it again rather than getting sued by so many people if your stable coin become zero like UST.

The stable token mechanism backed by the fiat currency was the best model in this case. It's more reliable compared with the algorithmic stable token model and it can sustain during the dump and defend its peg easily. BUSD, USDC. These stable tokens are reliable stable tokens.

Algorithmic stable token was a failed experiment.

[Beparanf]

What is the standard range to develop a good stable coin?

You need billions of dollars of funds to have a real stable coin. You need a huge budget for the asset that backed it and also for the developers of your smart contract and security plus blockchain if you want your stable coin to become unique since most of the blockchain has their own native stable coin so you can't barge in on random blockchain and build you stable coin there.

Most of the mediocre stable coins didn't have any trading volume since no one will trust to use your coin if you have no proof of funds to back the supply of your token for their face value.

[Fundamentals Of]

I cannot give you reliable figures because I don't have any first-hand experience in developing a stablecoin but it must be huge. In the first place you need to have 1:1 reserve with whichever fiat currency you will peg your stablecoin on. So if you are planning to mint even a million stablecoins that means you will also have a million of the fiat your coins is based. That does not include development yet. You will definitely hire programmers and security experts for this project to get started.

[Godday]

Are you trying to ask what a standard range for creating a good stable coin is? Stable coins are not a form of something but it is a system where there is a coin that was created with the mechanism of maintaining price stability by using other collateral assets such as FIAT or gold to keep the price of the coin stable.

[yazher]

It's not that easy to create one unless you are known to reach and popular if you came out of nowhere and introduce your stablecoins to the public without having anything to prove your legibility then it would be wasted because no one will entrust their money to your coins. There are lots of coins out there has been created to make things complicated for the investors when they converted their money to those coins but in the end, it's not sellable whether it is stable coins or not people should really take care and do serious research about the developers because if they don't do so they just wasting their money and getting nothing in return.

[Blowon]

What is the standard range to develop a good stable coin?

The development cost of creating a token will probably be the same based on the network you are using, ethereum is usually more expensive but others are cheaper. But the difficult thing about being stable a coin is that there has to be a guarantee for the coin to be stable in order to keep its price constant. Examples like USDT are said to be backed up by fiat USD. Building a stable coin must be collateralized by a tangible asset, such as a company, land, gold, silver, or anything that can produce real and sustainable.

[JeffBrad12]

Just issue the token based on how many reserved funds that available in the hot wallet of your company. The stable token like USDC and BUSD were issuing the new tokens when new funds being added into the reserved funds. It will be burned when some funds are gone from the hot wallet or bank account to store the reserved funds to backed it. Even if you have 100k USD and you can start your stable token.

[CryptoWebDirectory]

I have no idea, but what be curious to know the answer to this as well. Stable coins have to be backed by hard assets (cash, gold, silver..etc), don't they? I think that's what technically makes them "stable"...My guess is that it would have to be in the millions at least!

[mindrust]

What is the standard range to develop a good stable coin?

High amounts of money, probably a few hundred million dollars and that's not going to be enough because you'll have to spend most of it to buy corrupt officers/lawyers/bureaucrats and other rats to support your ponzi scheme. To be on the safer side, a billion dollar hard cash would do the trick. Ask Bitfinex's customer support about your idea maybe they'll teach you a thing or two but don't get your hopes too high.