However if Libra happened, you could put money from your bank account to facebook and use libra, get crypto if you want, basically do whatever you can, and reverse it by getting libra back and withdrawing to your bank account. We need a stablecoin that has connections with banks so we could make it easier. THAT would make adoption mass and very fast as well.
We need a stable coin that can be trusted and for that we need a legal coin with regulation and insurance that it will maintain the valuation, the current stable coins in the market especially USDT cannot be trusted and you never know when the entire market vanishes, they had their fair share of legal troubles in the past and how long they will survive is to be seen.
Topic: Can Stablecoins Promote the Mass Adoption of Cryptocurrencies? - page 2. (Read 740 times)
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January 25, 2020, 12:04:17 PM
January 25, 2020, 11:49:47 AM
Stable coins have the high interest by the crypto investors but there is no concrete reasons why the mass adoption will start with the stable cryptocurrencies. Maybe the latest decision of Pornhub will affect this industry and everything can happen after this.
we really won't know to what extent stable coins will develop, maybe what happened to pornhub is one of the good developments and we have to support it. maybe there will be a time where stable coins will be widely adopted in the settlement of transactions with this technology, I hope other crypto can also be used elsewhere mass. January 25, 2020, 11:43:21 AM
However if Libra happened, you could put money from your bank account to facebook and use libra, get crypto if you want, basically do whatever you can, and reverse it by getting libra back and withdrawing to your bank account. We need a stablecoin that has connections with banks so we could make it easier. THAT would make adoption mass and very fast as well.
We need a stable coin that can be trusted and for that we need a legal coin with regulation and insurance that it will maintain the valuation, the current stable coins in the market especially USDT cannot be trusted and you never know when the entire market vanishes, they had their fair share of legal troubles in the past and how long they will survive is to be seen. 
January 25, 2020, 07:37:59 AM
Well of course can help promote crypto currency this is needed for institutional investors and big companies to not get scared of crypto because it is also some the as fiat but better in many ways.
Stablecoins is proof that you can customize your own crypto currency as you like this will also benefit the adoption of Bitcoin and other altcoins.
Stablecoins is proof that you can customize your own crypto currency as you like this will also benefit the adoption of Bitcoin and other altcoins.
January 25, 2020, 07:36:10 AM
Indeed a lot of stable coins that is in the cryptocurrency but everything is not really stable because there are some problems exchange a quiet Buy and sell orders make selling it so hard and far from the stable estimate of the coin. But a good stable coin is also a lot so we can make a solution if the bear market occurs because of the stable price that makes our money remain intact.
January 25, 2020, 07:33:05 AM
I think they can. Indeed, if stable coins gain popularity as a type of fiat currency asset only in digital format, this will in any case direct the attention of stable coins users to cryptocurrencies,
because buying them will become an extremely simple task for them. Add to this the crypto market growth spurt, and we get the second full-scale bull run.
because buying them will become an extremely simple task for them. Add to this the crypto market growth spurt, and we get the second full-scale bull run.
That is an "if" situation. People tends to know stablecoins after knowing about cryptocurrency. Since people who are into cryptocurrency wanted a less volatile crypto asset then they convert their volatile crypto into a stablecoins. Then after sometimes people will then convert the stablecoin back to that volatile crypto to get profit. It is just a tool to preserve the value of cryptocurrency in fiat money, and normal people will just hold fiat money than stablecoin if that is their purpose. So I still think stablecoin will not promote mass adoption of cryptocurrencies.
January 25, 2020, 07:27:20 AM
Honestly it is hard to talk about adoption and acceptance because all we know that even bitcoin had a acceptance and adoption problem and issue from the start. And I think as of now bitcoin experience that problem. But the advantage of stable is as a new project it is very flexible like tether that can be used even in pornhub. But I hope it will happen because all of us can have benefits.
Maybe at least stablecoin have something that people afraid in bitcoin, volatile. With stable coins, people don't need to be afraid if be seller or buyer so they not afraid to lose when price down. Because with stablecoin, at least price will be stable and it can really be used as payment. January 25, 2020, 06:36:03 AM
Honestly it is hard to talk about adoption and acceptance because all we know that even bitcoin had a acceptance and adoption problem and issue from the start. And I think as of now bitcoin experience that problem. But the advantage of stable is as a new project it is very flexible like tether that can be used even in pornhub. But I hope it will happen because all of us can have benefits.
January 25, 2020, 04:00:28 AM
At least they are moving in this direction. I saw the news that Pornhub launches payments in the stable Tether coin and I think this is a big step forward.
That might be possible. Tether is an stable coin and has price equal to the US dollar so starting to accept payments in such coin would not be an difficult task for the firms like pornhub, etc. I think, more firms might also start USDT as a mean of payment on their platform if in the coming future, cryptocurrencies are been considered to enter the main payment streamline. This might be a huge step for cryptocurrencies and hence we can expect a brighter future in these markets.Pornhub is an global company with a lot of users. They have premium accounts which can now be bought with USDT which would really increase their sale as there are a lot of peoples who like to pay with cryptocurrencies due to the ease of payments.
January 25, 2020, 03:59:17 AM
Of course, in addition to that Stablecoin can also help people who do daily trading activities or short-term, where they exchange their coins when not trading or waiting for the right time to sell / buy.
I recently also heard that one of the largest adult pornhub sites accept payments using Tether (USDT). I think this will soon begin to do mass adoption.
I recently also heard that one of the largest adult pornhub sites accept payments using Tether (USDT). I think this will soon begin to do mass adoption.
January 24, 2020, 04:19:44 PM
I still don't understand with stable coin because I only see who's behind the project and they only guarantee about supply not the value. If only to promote the answer is " YES " but to make people stay is difficult, crypto already pass the golden moment. Investor will think twice before replace money, market is not helping right now. Promotion and adoption can be doing by anyone who know the system but for powerful position need regulation, only government can do that not us.
regulation for stable coins is still open but for the current trend still coins must come from the government, China is almost implementing them in real terms and their coins are planned to take effect in 2020. For coins like Tether, if adopted for new investors it is indeed difficult because there are no cases in real use, but at least they will learn that it is an important asset that is often used in the crypto world, and will automatically open their minds better. January 24, 2020, 03:42:47 PM
Well, sable coins build on ethereum or btc blockchain can't really attain mass adoption. However if governments and top organization create sable coins, true mass adoption is possible. Libra will be a good example. with the Calibra wallet connected to various social applications used by billions of people mass adoption will happen soon and quick.
January 24, 2020, 01:18:23 PM
I still don't understand with stable coin because I only see who's behind the project and they only guarantee about supply not the value. If only to promote the answer is " YES " but to make people stay is difficult, crypto already pass the golden moment. Investor will think twice before replace money, market is not helping right now. Promotion and adoption can be doing by anyone who know the system but for powerful position need regulation, only government can do that not us.
January 24, 2020, 07:16:15 AM
At least they are moving in this direction. I saw the news that Pornhub launches payments in the stable Tether coin and I think this is a big step forward.
January 24, 2020, 06:58:51 AM
I wasn´t a big fan of stablecoins because I didn´t understand it. But now, I can´t imagine the crypto-wrold without them. Thanks to stablecoins you can survive the bearmarket without leaving the crypto-world. You can stake your stable coins on NEXO platform and get interest. You can take a loan and back it with stablecoins. You can easily transfer stablecoins around the world with almost zero fees and with incredible speed comparing to bank transfers. 
January 24, 2020, 06:29:29 AM
I think they can. Indeed, if stable coins gain popularity as a type of fiat currency asset only in digital format, this will in any case direct the attention of stable coins users to cryptocurrencies,
because buying them will become an extremely simple task for them. Add to this the crypto market growth spurt, and we get the second full-scale bull run.
because buying them will become an extremely simple task for them. Add to this the crypto market growth spurt, and we get the second full-scale bull run.
January 23, 2020, 11:34:48 AM
I don't think it will.
Common people won't get used to these stablecoins like USDT even if it gets adopted.
It's like that everyone uses credit card as well as debit card in some sense.
We're getting slow adoption of Bitcoin anyway, so I don't think we need to look into the other side anymore.
Common people won't get used to these stablecoins like USDT even if it gets adopted.
It's like that everyone uses credit card as well as debit card in some sense.
We're getting slow adoption of Bitcoin anyway, so I don't think we need to look into the other side anymore.
January 23, 2020, 11:32:33 AM
Look, if all what crypto is all about is stable coin people won't have much interest in them, yes they can be used by traders but its not life changing like bitcoin and other coins that aren't stable coins, the rise and fall of value is a huge advantage over stable coins
January 23, 2020, 11:20:54 AM
Over the hundred stablecoins still in the market but there is no real use case except the 5 top stable coins. The mass adoption can be realized after the full release of Libra projects but I doubt the alternative stable coins will be able to compete with the Libra project. This time everything is different from 2017 when there was a demand by newcomers.
January 23, 2020, 08:55:12 AM
Stablecoins have existed in the cryptocurrency space for a few years, but only gained prominence in the last year or so. Stablecoins are cryptocurrencies that are backed by other assets or benchmarks, such as the US Dollar, and, as the name suggests, they are stable in nature — or are at least intended to be so. Bitcoin is known for its volatility and that has led some people to believe that, while it is a good store of value, it may not be the most convenient form of payment. Stablecoins that gained a lot of popularity, thanks to Tether’s USDT, are now flooding the cryptocurrency market. There are over one hundred different stablecoin projects that exist in the market today with several more still to be launched in the coming year. Cryptocurrencies are gaining traction not only from retail investors, but also from institutional investors, which makes it the most apposite time to discuss their role in mass adoption.
Read more here: https://www.etoro.com/blog/market-insights/what-role-will-stablecoins-play-in-crypto-mass-adoption/
Read more here: https://www.etoro.com/blog/market-insights/what-role-will-stablecoins-play-in-crypto-mass-adoption/
All i can see them to be good for is swing trading against cryptos. There were times when you could avoid regulatory oversight with them, but that i think is long past now. If they aren't already considered as fiat currency by regulators, they will be soon.
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