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Topic: Binance stable coin - page 3. (Read 660 times)

legendary
Activity: 1302
Merit: 1001
June 08, 2019, 06:23:30 AM
#32
I keep more than half of my deposit in bnb and do not worry. This exchange has a very good business model, which is aimed at the years ahead.
member
Activity: 341
Merit: 10
June 08, 2019, 06:07:22 AM
#31
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.

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
I still do not understand why they do not use the dollar to protect, right? Will using GBP be more profitable than USD? And what is the real benefit?
sr. member
Activity: 826
Merit: 330
June 08, 2019, 04:19:40 AM
#31
This is great news for all users of this exchange!
I like the fact that Binance intends to launch other stablecoins that will be tied to foreign currencies, since in terms of users the dollar is used only in certain parts of the another world. Most users use different currencies, and I think that this should also be reflected in the exchanges.
hero member
Activity: 3108
Merit: 577
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June 08, 2019, 05:52:13 AM
#30
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.

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
Yes it won't be backed up by dollar because it will be British pounds. Binance just never stops of innovating, they have many ideas that gives excitement to the market. First, it was their exchange backed up coin, next the IEOs and then there's DEX. And now, they have this idea of having their own stable coin that will be backed up by another currency and it's first of its kind again. Most of the stable coins has been backed up by US dollar, I won't say this is huge but most of their ideas are unique.
member
Activity: 93
Merit: 11
June 08, 2019, 04:12:54 AM
#29
Binance stable coin is a piece to fill up Binance ecosystem, including exchange, decentralized exchange and Binance chain. With Binance's fame and reliability, the stable coin will have huge advantages to compete again Tether, Pax or any other stable coins. I'd love to see how Binance will launche their GBP backed stable coin.
full member
Activity: 644
Merit: 100
June 08, 2019, 04:06:38 AM
#28
Yes, stable,especially over the last year it showed its result that while there was a correction of 1.5 years,it did not lose a drop in price at all,but only increased its value,so that investors who invested in BINANS did not lose during the correction not a penny,who holds tokens

sr. member
Activity: 994
Merit: 250
June 08, 2019, 04:04:27 AM
#27
Yes, I heard about this news about the launch of its own stable coin and I believe that Binance had to do this for a long time as this is a very promising exchange that will be in the top with time and having a stable coin should help this exchange to secure its assets. As far as I know that many projects are now thinking of this.
member
Activity: 264
Merit: 11
June 08, 2019, 02:35:57 AM
#26
yeah this is agood information, if Binance (BNB) be a stable coin that mean it will never get affect by market condition.
i hope with this stable BNB will grow up and up so on and be the bigger coin in cryptocurrency.
so i think like that, because the progress of BNB is really good.
hero member
Activity: 2604
Merit: 816
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June 08, 2019, 02:32:24 AM
#25
Guys what do you all think about the most stable coin vs Binance stable coin.

The more competition there is to Tether, which operates untransparently, the better. So I fully support Binance stablecoins. However, it seems the Facebook stablecoin will be a force to reckon with.

I see the chance for binance to grow will be wide open than Facebook stable coin because they never try cryptocurrency before, and that will their first time to involve in the cryptocurrency. So Facebook stable coin needs time before they can compete with the other stable coins. But for Binance, I think it doesn't need a long time to compete with the other coins because Binance already has the experience in the cryptocurrency.
sr. member
Activity: 854
Merit: 281
June 08, 2019, 01:40:50 AM
#24
Guys what do you all think about the most stable coin vs Binance stable coin.

The more competition there is to Tether, which operates untransparently, the better. So I fully support Binance stablecoins. However, it seems the Facebook stablecoin will be a force to reckon with.
sr. member
Activity: 656
Merit: 251
www.fintropy.io
June 08, 2019, 01:31:35 AM
#23
Binance wants to control most of the crypto sphere. You have to decide how to treat this. In my opinion there should be no crypto monopoly.
hero member
Activity: 2184
Merit: 531
June 07, 2019, 03:23:16 PM
#22
I'll say it again. We don't need stablecoins. As USDt proved stablecoins can be easily manipulated and they have no real value like known altcoins because they have no trusted issuer and no limited supply.

Buying stablecoins is like investing in a shitcoin without doing any research. You trust that this company that is promising you value will deliver.
hero member
Activity: 2464
Merit: 519
June 07, 2019, 03:03:52 PM
#21
I think binance is exploiting every downside of cryptocurrency to build his empire for trade, they should have enough fund in the bank to support the coin. The focus will be from Europe to the largest crypto market in Asia and its blockchain platform will grow to match Ethereum in a shorter time. The stable coin is in its right time towards the bull market to encourage store of value
full member
Activity: 672
Merit: 100
June 07, 2019, 02:52:53 PM
#20
I think binance stable coin will serve as a big challenge and a strong competitor of the existing stablecoin such as Tether, Gemini Dollar and TrueUSD. Binance stablecoin will attract a lot of cryto traders and with the outstanding performance of binance so far then I think the stablecoin may displace the existing ones.
hero member
Activity: 1162
Merit: 516
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June 07, 2019, 02:39:49 PM
#19
After big efforts to create the decentralized exchange for their future goals. Now these kind of comparison are bumping in the marketplace. I do not know is there any stable coin from the binance platform? BNB is their official crypto I do not other coin called binance stable coin or something.
There are many stable coins already in the market, USDT, USDC, TUSD, PAX and etc...
sr. member
Activity: 1988
Merit: 275
June 07, 2019, 02:32:37 PM
#18
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.

They might be up to something and will be testing how the crypto market behaves towards brit pounds. Most wanted to be USD-backed but this time, it is pounds. So let's see how this new bnb stable coin will perform in the trading market...
hero member
Activity: 1820
Merit: 515
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June 07, 2019, 02:23:54 PM
#17
Guys what do you all think about the most stable coin vs Binance stable coin.
Stable coin is not cryptocurrency it's just meant for the trading purpose, from the about posts I find that binance stable coin is going to be launched soon back up by pounds which might create a hyip for that but still it is stable coin and centralised so think twice before holding it.
member
Activity: 684
Merit: 10
June 07, 2019, 02:13:01 PM
#16
Binance seems to want to have all products on the market of cryptocurrencies under their control, but I hope they will have competitors.
hero member
Activity: 938
Merit: 500
https://youengine.io/
June 07, 2019, 02:01:10 PM
#15
Binance is going to list first stable coin based on Binance blockchain, but they are also planning to launch their own stable coin.
How many stablecoins we really need?
This is definitely positive news and the course of the Binance coin itself will continue to grow. I invest in Binance because I am waiting for the price at the level of 50-70 dollars.
full member
Activity: 896
Merit: 102
June 07, 2019, 11:55:33 AM
#14
Binance is going to list first stable coin based on Binance blockchain, but they are also planning to launch their own stable coin.
How many stablecoins we really need?
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