Altcoin tied to USD?

[jackflag]

It is great to know that even 6 7 years ago people were so interested in fiat backed coins and now itis a reality with so many fiat backed to tokens most are backed by usd. I think next phase will bring fiat backed tokens representing other currencies like euro, gbp, dinar etc.

I like cash more. And I exchange Bitcoins for cash. So I feel calmer and more confident.

[playboy654]

It is great to know that even 6 7 years ago people were so interested in fiat backed coins and now itis a reality with so many fiat backed to tokens most are backed by usd. I think next phase will bring fiat backed tokens representing other currencies like euro, gbp, dinar etc.

Yes you are right the next thing to be followed by us will be most crucial for all of the nearest altcoins to tied up with some of them good currencies and we can definitely say this will be a right move for the next generation.

[upsidedown75]

Seriously? USDT? I mean what is the tether if not an altcoin that is tied to usd ?
It is basically your money all in dollar but in crypto shape. You are getting dollars no matter what but with this way you can trade your coins from and to dollars anytime you want in multiple exchanges and its all tied to dollar. Do you want it in a different shape, do you want it to go up or down somehow ?

Because, dollar is not going up or down, inflation is something else, if you want an altcoin that is pegged to dollar but with inflation in mind that is not really that much acceptable, how are you going to make people trade on the inflation prices ?

The current tether is already chasing couple percent every single day, it is impossible to calculate inflation on top of the current system tether has.

[ceetoo224]

I've never looked into altcoins, it seems like most of them aren't really offering anything new.  However, I am wondering if anyone has proposed an altcoin that was purely based upon the dollar/euro?

I understand that many people may hate this idea because the "dollar is going to DIE DIE DIE!!" but bear with me and just forget about that for a minute.

What would be the challenges of an altcoin being entirely based on the dollar?  

I can see a future where bitcoin fails, but the technology behind it implemented into a nations currency.  

Well, they just keep on creating altcoins that is Dollar based, meaning to say that they still care about the value of dollars and not about the value of cryptocurrency that might even replaced our fiats.

[sssergy]

There will be some problem if every coin support USD or Euro but this will be great if altcoins based on USD. Now all top coin directly directly can convert to the USD.

[Shatterlean22]

This is an old topic from 2012 well if you don't know bitcoin is still alive and kicking ass, this is 2019 and everything seem normal ,bitcoin won't die easily ,about the altcoins that are tied to USD are usdc and haven ,there are still many more

[Strotman]

However, I am wondering if anyone has proposed an altcoin that was purely based upon the dollar/euro?

If you believe the white paper of the ROCKZ project, the cost of their token is supported by the Swiss franc. As an option for investment is suitable?

[kumar jabodah]

The need to convert to the proper coin and navigate through multiple exchanges can make cashing out a confusing process. However, the middle of the week saw the market plummet nearly five percent in six hours before regaining that loss nearly as quick about a day later.

[Luke NY]

Altcoin if it is tied to the dollar, this will have a positive effect on the cryptocurrency as a whole, because you and I will be able to have cash in the first currency in the world, the US dollar. In this way we will become more confident.

[biznes35]

I do not understand the meaning of such cryptocurrency. Why base something on the dollar ? A large amount of dollars is produced and this is bypassing state standards. If you tie an altcoin to the dollar, such a coin will not be in demand.