Topic: BTC Pegged Altcoins? Are that useful? - page 2. (Read 193 times)
It is a tough question really. USDT showed a lot of potential initially, but now it is not doing so well. Its a bit early to tell. Lets just see how LBTC works out.
Stable coins, asset backed tokens, lambo backed coins...it's the fashion of the moment.
I was trying to find out if there are tokens/coins pegged to BTC. And I know there are some "single purpose" BTC pegged coins like LBTC (Liquid Sidechain). Added value BTC pegged token could be a nice product?
I was trying to find out if there are tokens/coins pegged to BTC. And I know there are some "single purpose" BTC pegged coins like LBTC (Liquid Sidechain). Added value BTC pegged token could be a nice product?
People are maybe looking for more value and stability but still in the framework of cryptocurrency and this can be the big reason why we have stablecoins taking the spotlight. And i think this is going to be a good development for the whole cryptocurrency market...we need more projects pegged to things we know can be valuable or solid like gold, diamonds, fiat money or as what you are stating here to Bitcoin which I find really interesting. Let's see how this trend can be influencing the whole market in days to come. Personally, though, I welcome this development with open arms which is showing us that we are now evolving.
The purpose of the stable coins are to tackle the volatility in the market and give assistance or relief to investors on stability of their investment. That is why stable coins are pegged with another stable assets like US dollar, gold etc. In terms Bitcoin, IMO Bitcoin and most of the altcoins are volatile and are not stable they can go higher or lower in price as per the market conditions, so chances are very very low that we will be able to see stable coins pegged to BTC in future.
crypto is a land where all digital financial developments are always well received, BTC as the most popular cryptocurrency is now the largest developer and largest distributor in the world of crypto, so if BTC experiences good development, it is an improvement in the world of crypto itself, so it's not a bad idea if the value of BTC tokens increases, it can certainly be a very good product
The crypto is the coin of the future so any idea which will help it to evolve will be welcomed. Also, btc pegged coins would stick to the bitcoin and it might not fall back, so this would be better for crypto exchange too.
An system where you can buy and sell without the need of exchange is something that is we are not going to very soon. even then how much that system will attract the incestor or how mch reliable it will be is aburning question, Hopefully it will be helpful for us in the long run.
Stable coins, asset backed tokens, lambo backed coins...it's the fashion of the moment.
I was trying to find out if there are tokens/coins pegged to BTC. And I know there are some "single purpose" BTC pegged coins like LBTC (Liquid Sidechain).
Added value BTC pegged token could be a nice product?
I was trying to find out if there are tokens/coins pegged to BTC. And I know there are some "single purpose" BTC pegged coins like LBTC (Liquid Sidechain).
Added value BTC pegged token could be a nice product?
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