Increase in stable coins adoption might just be the key to crpyto dominance.

[slapper]

that I feel somehow true, it even good for remmittances, the fact that its available in various blockchain means it can get better utilized than using paypal for remmitances because the cheap fees required.
its not like using ordinary cryptocurrency where the prices also fluctuates as well its just overall good at some specific things.
but of course it kinda sucked for investment even the staking aren't really great at making the profits.
there are also many controversies surrounding this coin though.
I personally when it comes to investment i will invest in crypto like bitcoin and ethereum and consider stablecoin just a tool.

Remittances, yes? Sending money internationally without costs is a game-changer. The utility appears to outperform PayPal due to its availability on several blockchains. Cheap costs are a major benefit

As for investment, you're right again. While stablecoins are useful, they may not be good investments. Stability is their strength and weakness. Since prices don't move much, there's no chance of enormous gains like with Bitcoin or Ethereum. And staking? Well, returns aren't as good as some hope

Now, the controversies surrounding certain coins are indeed a concern. Thorough research is crucial before starting. Bitcoin and Ethereum are proved, as you said. Should stablecoins be tools? Perhaps. Isn't it amazing how crypto offers so many options? A great moment to be in finance

[justdimin]

Maybe they only think about more safer option to choose for since price cannot possibly go down since they only know that price of this coins is stable and they are not afraid to let it rot on their wallets. But they forget the certain aspect on why cryptocurrency became famous and one reason for that is due to its volatility. Many people love to see that since its more profitable than any other asset. So if they choose stable coins over than that for sure they cannot enjoy crypto and other people might choose fiat since its more convenient to use.

I like the current state of stable coin and I think there's nothing to change with it as I don't really trust them since they could still go down if they are affected on some big issues that can question there existence especially if government will take a look at them and declare them as illegal.

I would guess that it wouldn't be all that bad, I mean it looks like it could be something good to increase the adoption. I do agree that it is not all that bad, and I agree that it will definitely go to a level where it could benefit everyone, but that doesn't mean that we are not going to end up with something that would be greater for adoption, it will definitely help.

All those people who want to get into crypto, or start accepting crypto but fear the volatility could end up using this one and they would do a lot better. It is still fiat in a sense and the price is still just dollars, so nothing changes, yo udo not get any volatility at all. This allows them to get into crypto world without risking anything at all. This should be the most important part because there are tons of companies who do not get into crypto at all fearing that they will do a lot worse, and I believe that we are going to end up with something that would benefit the adoption rate.

[vv181]

Would be ironic if cryptocurrency dominance is led and caused by stablecoins. As others already suggest, this is misleading when we try to compare card network settlement rate with stablecoins volume and transaction rate since the metrics are somewhat unclear.

However, we must note that indeed stablecoins do offer more flexibility and transparency, for example, the fact many people can easily exposed to them and utilise them directly is convenient. In some countries where you said it developed one, this exposure surely makes the alternative payment/currency within the market viable to be used. But, cryptocurrency dominance isn't likely to be specifically caused by significant stablecoins adoptions.

Maybe they only think about more safer option to choose for since price cannot possibly go down since they only know that price of this coins is stable and they are not afraid to let it rot on their wallets. But they forget the certain aspect on why cryptocurrency became famous and one reason for that is due to its volatility. Many people love to see that since its more profitable than any other asset. So if they choose stable coins over than that for sure they cannot enjoy crypto and other people might choose fiat since its more convenient to use.

The main usage of stablecoins is, indeed, to escape volatility. Nevertheless, specifically, cryptocurrency is famous because volatility is quite untrue. It does not gain popularity merely because it is volatile, but there are other aspects. Volatilities are rather an inherent aspect in its current form, so it cannot be the aspect of the cause in which it leads to popularity.

People do not need to experience volatility to "enjoy" or use cryptocurrency. It is also true, that in some countries, stablecoins are utilized because simply there are use cases, so you see fiat is not always convenient.

[Ozero]

I stumbled upon a captivating news piece online titled 'Stablecoins Settled as Much Value as Visa in 2022.' It's quite intriguing. Lately, I've been engaged in discussions with my friends about the implications of the growing adoption of stablecoins as a payment option in the current global landscape. To me, it appears to be a positive trend for the world of cryptocurrenciesand us crypto users. More individuals are becoming acquainted with crypto, and it's increasingly becoming a preferred choice for many.

Stablecoins are a buffer connecting fiat and cryptocurrency. At its core, it is fiat, but in the world of cryptocurrency. Therefore, although stablecoins are a great help for participants in the cryptocurrency market, they are not cryptocurrency. The proliferation of stablecoins cannot increase their value. But since they make it easier to work with cryptocurrency, people's trust in cryptocurrency should increase. But stablecoins cannot dominate over cryptocurrencies. These are completely different financial assets.

[GeorgeJohn]

What value stablecoins settle? Go to any supermarket in the world and you'll see people paying with Visa or Mastecard every single minute. But where are the stablecoin payments?  I never encountered a business, even a small one, that accepts stablecoins.

My guess is that most of the activity on stablecoin network is speculative trading, especially by bots. If someone shut down stablecoins tomorrow, the world wouldn't notice. If someone shut down Visa tomorrow, that would be Armageddon.

There is some certain thing that what arguing but based on your own explanation you are right, based on your theory so what I want to let us know you that a stable coin have not been considered in any way for buying and Selling of goods and services, so those Mastecard  and  Visa card you listed can be issued from Bank why stable coin from Bank, so it is not possible for using a stablecoin for payment especially in a supermarket or any other place except that it is person that knows or demanded to trade with stablecoin

[shinratensei_]

I stumbled upon a captivating news piece online titled 'Stablecoins Settled as Much Value as Visa in 2022.' It's quite intriguing. Lately, I've been engaged in discussions with my friends about the implications of the growing adoption of stablecoins as a payment option in the current global landscape. To me, it appears to be a positive trend for the world of cryptocurrenciesand us crypto users. More individuals are becoming acquainted with crypto, and it's increasingly becoming a preferred choice for many.

Stablecoins are a buffer connecting fiat and cryptocurrency. At its core, it is fiat, but in the world of cryptocurrency. Therefore, although stablecoins are a great help for participants in the cryptocurrency market, they are not cryptocurrency. The proliferation of stablecoins cannot increase their value. But since they make it easier to work with cryptocurrency, people's trust in cryptocurrency should increase. But stablecoins cannot dominate over cryptocurrencies. These are completely different financial assets.

stablecoin exist just to give convenience of bridging fiat to cryptocurrency and thats fine also most of these stablecoin are either transparent or audited anyway.
I think they are good for people that tries to trades or invest after all we need some form of asset that doesn't have as much volatility as cryptocurrency in general and stablecoin just works for that.
the fact that tether USDT so popular and even has that big of a market cap thanks to the fact that people keep using it across various exchanges whether its cex or dex its the same stablecoin are still being used widely for those that tries to avoid the volatility, it utilizes cryptocurrency at its core so its fine I guess it goes to demonstrate that the technology of a blockchain could definitely be used for digitalizing current conventional and traditional fiat's paper money.
considering that many countries are preparing their own CBDC i think i can see the future where many governments are trying to go that way also to reduce carbon footprints.
it indeed cannot dominate even if it has big market cap its just digitized fiat at the end of the day.

[Wakate]

I stumbled upon a captivating news piece online titled 'Stablecoins Settled as Much Value as Visa in 2022.' It's quite intriguing. Lately, I've been engaged in discussions with my friends about the implications of the growing adoption of stablecoins as a payment option in the current global landscape. To me, it appears to be a positive trend for the world of cryptocurrenciesand us crypto users. More individuals are becoming acquainted with crypto, and it's increasingly becoming a preferred choice for many.

Stablecoins are a buffer connecting fiat and cryptocurrency. At its core, it is fiat, but in the world of cryptocurrency. Therefore, although stablecoins are a great help for participants in the cryptocurrency market, they are not cryptocurrency. The proliferation of stablecoins cannot increase their value. But since they make it easier to work with cryptocurrency, people's trust in cryptocurrency should increase. But stablecoins cannot dominate over cryptocurrencies. These are completely different financial assets.

I don't see anything wrong with holding stable coins because this is pegged to the USD and it does add any much value to the crypto market. We need to focus on Bitcoin which is the major in the market and we could make something profitable from it. Since the emergence of stable coins, people have been having options on swapping their coins to it so that the market volatility would not affect any of our holdings after we have decided to stay off volatile tokens. Stable coins like USDT are good to hold and they have a strong network based that keep investors on a more safer arena with excess fund been invested in Bitcoin.