Topic: Binance stable coin (Read 666 times)
For now I've seen nothing so special about the Binance stable coin. Also, I need clarification on something, what's the BTCB Bitcoin Bep2 all about, token pegged to Bitcoin? It sounds weird to me. Binance has been doing great in all ramifications anyway, so hopefully their stable coin won't be left out. CZ has really been hardworking.
It will be similar to BNB. It will be even better, because the stable money market is much smaller. While the mention of Binance's name can affect most coins on the market, consider its own money. It is Binance and whatever they create will attract attention.
Ohh, I thought that you are joking about Binance's stable coin but I just looked at the news and it's recent.
https://www.coindesk.com/binance-confirms-stablecoin-offerings-coming-soon-report
https://www.ccn.com/binance-stablecoin-first-hurt-tethers-dominance
Their coin will be backed by British pound, so it won't rely to dollars I think they're up into something just to change the game of the market.
https://www.coindesk.com/binance-confirms-stablecoin-offerings-coming-soon-report
https://www.ccn.com/binance-stablecoin-first-hurt-tethers-dominance
Their coin will be backed by British pound, so it won't rely to dollars I think they're up into something just to change the game of the market.
Yes, I have read this article, nowadays more and more stable coins and according to the article above Zhou has no plans to make stable coins supported by the US dollar.
At present, Binance looks fast to develop their projects, there are many new tokens exchanging in the Binance chain and I think this situation will increase BNB prices in the future
If compared to USDT, I think that the stable coin of BNB is still challenging to grow as USDT. Because the current demand for USDT is huge, all exchanges have paid separately for it
Capitalization of Bnb are relatively small. 4.9 billion against 28.8 billion Eth, of course, Ethereum will grow more slowly than Bnb. But in the long term Ethereum will bring profit more than once. And Bnb, for example, could hack again, and this hack could do huge damage to the token economy.
Binance is conquering it all, they have BNB that is skyrocketing, they are the biggest exchange in crypto, they have developed their own blockchain, their own decentralized exchange and now with stable coin? And in the meantime they are also preparing for the launch of Binance.US.
I can not give more ideas about it because it is known to everyone that the crypto market is unstable. Therefore, in this crypto market no currency can hold its value steadily. But it can be said that BNB coin is always increasing its price trend. Even their future development plans are being extended, so here are more investors and holders.
Noticed very true, not a single coin can be stable, take for example the strongest, bitcoin and ethereum, as we see, all have a period of rise and fall, so using the word stable in cryptocurrency is not entirely correct.
in my opinion a stable coin is a coin that has a fixed price, meaning that the price of the coin will not be affected by the state of cryptocurrency. in other words it's like fiat money.
Guys what do you all think about the most stable coin vs Binance stable coin.
Never thought of Binance coin as a stable coin, if you're going to take a look at Binance coins price you'll see how the price of it changes and if you're going to compare it to a real stable coin like USDT you'll see how volatile the price of it rather than the price of the USDT on the market.
I can not give more ideas about it because it is known to everyone that the crypto market is unstable. Therefore, in this crypto market no currency can hold its value steadily. But it can be said that BNB coin is always increasing its price trend. Even their future development plans are being extended, so here are more investors and holders.
Noticed very true, not a single coin can be stable, take for example the strongest, bitcoin and ethereum, as we see, all have a period of rise and fall, so using the word stable in cryptocurrency is not entirely correct.
There is a high probability that by the end of the year this coin will cost more than 80 dollars. Some analysts' forecasts are encouraging. Judging by the Binance team, how quickly they develop their plans, that's how it will happen.
I think you are talking of the Binance coin itself and not the stable coin they intend to release. The way Binance coin is really going, I believe truly that they might spike that high and most especially with this new stable coin they are coming out with which I believe will be backed by BNB, which means for them to still have that stable coin, the user must have also bought BNB, Binance is doing everything possible to generate traffic for their coin and they are doing it perfectly. The IEO is already established and people can’t get to invest in any IEO without purchasing BNB, some of the factors like these are what will keep growing Binance. 
A stable coin is a stable coin to the best of my knowledge. Not necessarily to trade against profits and losses but rather balance trades and hedge funds in a market as volatile as cryptocurrency market. It doesn't really matter the ticker or owner of the stable coin because it will still behave as on
I can not give more ideas about it because it is known to everyone that the crypto market is unstable. Therefore, in this crypto market no currency can hold its value steadily. But it can be said that BNB coin is always increasing its price trend. Even their future development plans are being extended, so here are more investors and holders.
Guys what do you all think about the most stable coin vs Binance stable coin.
I think stable coin like USDT and Stablecoin from binance is just the same thing. The different perhaps stablecoin from binance run in binance chain and perhaps use for binance DEX. If stable coin in binance chain use for DEX, i think its good news for trader
Binance seems to want to have all products on the market of cryptocurrencies under their control, but I hope they will have competitors.
Not really under their control and they are the competitor here. CZ brought a lot of things into Binance like IEO launchpad, DEX, Margin Trading, and now stable coin but he's not the one who created all these. Its because binance always make innovation and always want improve their product. If stablecoin launch in DEX, it will increase daily transaction volume in DEX and i think its good company and for daily trader. Trader can make profits daily from their trade by using stablecoin
just trade to bitcoin and do not think to trade to other altcoins. your goal should be to increase the amount of BTC in your portfolio
^^this.
what i would like to add is what people are missing most of the times about the risks of using other altcoins specially those coins that are fully centralized like this new coin or the old stable coins such as Tether.
not only they are shady but also they can disappear in a matter of minutes if the company goes down. and an exchange issued stable coin is that much riskier since exchanges are inherently unsafe and are going to scam and go down eventually like the dozens of huge exchanges that came before Binance and went down eventually.
I think this is a kick promotion for bnb by cz. Cz controls happenings of bnb and that gives him leverage toske or mar bnb be it stable or not. If the stable coin is kept stable by the pounds I see it gaining more grounds
Binance seems to want to have all products on the market of cryptocurrencies under their control, but I hope they will have competitors.
Not really under their control and they are the competitor here. CZ brought a lot of things into Binance like IEO launchpad, DEX, Margin Trading, and now stable coin but he's not the one who created all these.
I do not think binance coin is a stable one. To my knowledge, stable coin is stable in price. I mean price will not fall despite a market meltdown or increment. However, I am always believer and supporter of BNB, and I think investment in the coin will be a good and wise idea. So do not get delay to invest in it.
I think this is another plan from Binance to dominate its crypto business which goals to monopolize the crypto industry. After success with its IEO platform, Binance Dex and now want to launch its stable coin. What's next? platform provider, Binance smart contract?
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