Topic: Anyone working on any ideas for stable coins? - page 2. (Read 459 times)

For sure partnerships are one important facet of bus dev.

There's are about 140 stable coins in total that have either been launched or are being developed currently.  I think that the crypto community is just one component of the total market for an anti-volatile crypto-asset that isn't centralized and that can scale comfortably to a marketcap of trillions.

Saying that, the crypto community is the most important segment of the market, because we are the early adopters that dictate the trajectory that adoption will take to begin with.

There are few stablecoins that is available in the market and I don't think that we need another one but if the stablecoin you were creating has some useful and unique features then the crypto community might give you their full support but never forget that you must have a financial backup for your stablecoin and also established lots of partnership with different merchants so your coin will be more useful for paying goods and services.

What stable do you mean? Stable price or stable development?
Because the price is not always stable, it shows good development because we know that there are many big players who are able to play the market.
Because basically nothing is really stable, they only develop from their competitors.

I think the way of looking at it, which you've hit on the head, is that the volatility within most cryptocurrency markets is desirable to many people.  It makes trading potentially more profitable, and it distinguishes crypto markets from traditional markets.

But volatility is obviously a problem for traders that would like to avoid large losses at certain times, hence why Tether has a marketcap of $4B - it's proof that there is a large demand for the ability to use stable coins with regards to trading.

As well as this, though, volatility is huge detractor against adoption into areas like ecommerce in any kind of significant way.  You can say that a lot of websites accept Bitcoin, alot more than a few years ago for sure.  But most people can't just convert their funds into Bitcoin and hope that it doesn't lose a good percentage of its value while they're holding it.

The implications for decentralized anti-volatile crypto-assets is huge.  Bitcoin is not, and I don't think ever will be, decentralized money.  It's a decentralized tradable assets that can be used inefficiently for payments, but no-one's getting their paychecks paid in Bitcoin any time soon, if at all.

I think Fiat is enough to be a stable exchange. I think people now prefer crypto decentralized money over stable prices. it can make the price of a token worth of what can be utilized from it. if the coin is useful, the price will be higher. Well, people prefer something that is always developing, and if it doesn't develop, the coin will disappear or become a dead coin.

Are you sure all stablecoin are in backup by real money in the real world with equal or even bigger amount, tether USDT has a great daily volumu which is even the greatest volume today in the CMC (17billion $)
So does the project have real money backups?

Yes and I'm actually considering methods of mining that don't include PoW and PoS as a way to optimize the system and allow for novel demand mechanisms to be incorporated.

My Telegram is @VESYX and I'm open to discussing forming a group of likeminded people for anyone that is interested.

Thanks for your thought out and constructive reply.

Because what we have right now is insufficient.  The stable coins on the market today are not scalable, and are insanely centralized.

It seems like in 2019 that centralization isn't something that cryptocurrency should be working to solve anymore.  There are much better solutions available than holding huge amounts of USD.

Besides, I'm only asking if people have an interest in discussing and exploring ideas in a group.  That's how all good ideas start out I think.


At this point it's just a thought.  I've been privately working on some ideas myself, and it struck me that others might be working on exploring similar spaces and it could be worthwhile discussing and bouncing ideas back and forth.

Next year there are dozens of new stable coins being launched, and I've looked through a lot of their models and think that there's some interesting ideas that can be tested.

Every stable coin that is live or in development today have drawbacks in one way or another, but launching a successful non-volatile crypto could have more potential for growth than launching any other type at this point.  It seems worth my time, and I'd be interested to speak with others that feel the same.


Not necessarily.  It's like going back to 2010 and saying that using neural networks would never be an effective form of AI.  Two years later because of new developments neural networks destroyed the existing models and now are obviously fairly ubiquitous throughout tech and business.

I don't believe that absolute statements are the best way to find real truth, it requires more nuance.


Again, no they don't.  Stable coins are just cryptocurrencies that are anti-volatile, and just because Tether, TUSD and USDC all use a fiat-collateralized model doesn't mean that that's the only way to achieve price stability.

There are already a small handful of projects that have received millions in VC backing that use algorithms to stabilise price and not collateralization (see Basis, Ampleforth, Reserve.org and others).

And if you wanted to think about this problem in the most correct way, who's to even say that algorithmic solutions are optimal.  Maybe there's a whole other branch besides collaterialization and algorithms that may be ideal for providing stable currencies.  It takes some time and effort to explore this, which is more efficient with several people's focus instead of one.


It's not easy, but I'm not looking for easy I'm looking for important.  Creating a stable currency that could be widely adopted holds much more weight than 95% of the goals of most cryptocurrencies.  Competition also isn't the issue.  If you create a non-volatile currency that solves these problems in a uniquely effective way that is widely-beneficial to all participants then competition won't matter at all.

To be honest I'm surprised by how collectively people have responded that everyone should just avoid trying to solve maybe the most important goal in cryptocurrency today in favour of letting systems persist that are objectively substandard if you assess them critically.

Already lot of stable coins were existing so I don't find any reason for a new stable coin.

Even need of new decentralized cryptos is none since we already have 3000 more coins which will be good enough even if everyone in this world starts using cryptos.

In the recent times, I have seen some per-announcement for stablecoin which claimed like first decentralized stablecoin or something relevant to that. I believe all the altcoins in the market are just corporate coins; it means purely centralized coins with fixed value.

If you people work in a way to create mineable stable coins to ensure decentralization that might attract interest among this crypto community.

I see you are not including any quick contact information in OP, it would be good if you add any skype of telegram contact details which will help anyone to get in touch with you in more quicker way. Also, you may try posting this in technical development discussion board so that you may get responds from real crypto developers.

Can you share more information about your stable coin group, it might motivate pore people to go into it if your ideas are great and impressive.


I do not support this opinion about the financial position of stable coin owners, any stable coin can be successful if it has a good and demanding product.

For what? There are already too many of them

I think the current amount of stable coins is enough for the entire cryptocurrency market, and new stable coins are not necessary. USDT is a very reputable currency and it is doing very well its job.
Besides creating a new stable coins project costs a lot of money and legal procedures, investing in a new stable coins project is not feasible.

trying to develop new types of stable coins must have a huge real-world financial reserve to back up the coins to be stable and not dump.

Yes Stablecoin must be strong from the support of fiat or gold and others, after that it is audited for the truth and the choice of the developers, and I think trying to develop a stable coin is not easy. There are several processes that must be passed for many to believe in the community.

Stablecoins needs to be backed by equal amount of fiat as collateral and audited by independent auditor. i.e. you need a huge capital to start with. It's not like the crypto project you could start with a 2 members team. The primary focus of stablecoins is the adoption and trust. A starting stablecoin should have a partnership with at least a good exchange or a few.

Those developers who will be able to create stable coin that can benefit or be use by the government is a good idea like government having their way to show transparency. In our company there is a developer whose also in crypto whose suggesting it as way of buying merchandise in our company as its related in merchandising.

Making stable coins is not easy, because now there is a lot of competition, after all stable coins that have already been born are also adopted through the value of the original currency, so it is very difficult to reduce prices in the market, and if you can be able to make new stable coins , then you are very extraordinary.

Just like what others said, why do we even need more stable coins? I think those who are trying to create more coins should stop; it's just diluting the market, and more people would see as cryptocurrency is just a joke or something. The effort takes to create one is not that hard, and scammers are taking advantage of that.

The main effort should go to the adoption phase for different countries. Mainly, the most accepted ”stable” coin would be the start Currency for any country, and hopefully, people won't see cryptocurrencies as a joke just because of the scams.

I think stable coins are only to help traders fully, although they can also use stable coins as a transaction tool. Stable coins require community and there must be a specific benchmark like 1 Tether = 1 USD (fiat money) or behind that there must be something real and something like that. so if to do development like this one thing to note, how to build one's popularity and trust. the popularity of crypto only requires coins like BTC, ETH, XRP or others, so stable coins are no different from paypal, credit cards or the like.