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Topic: Do you think that STABLECOINS are needed in the future of crypto payments? - page 2. (Read 1651 times)

jr. member
Activity: 252
Merit: 1
We just published introductory piece to our review series - HOW STABLECOINS WORK

Check it out - https://medium.com/cp-processor/how-stable-coins-work-35301e98c210
jr. member
Activity: 252
Merit: 1
Yet another report on ongoing Stable coin projects! Big thanks to Konfid.io and Kintaro Capital for including us in this article!
https://medium.com/konfid-io-blockchain-reports/what-stablecoins-are-out-there-7082b78a36f9
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
Do you think that STABLECOINS are needed in the future of crypto payments?
If you have an opinion on this subject, leave a comment, or follow this link and cast your vote Wink https://twitter.com/CP_Processor/status/993797972860301312
Why do we need so many stable coins in the market? Currently we have Tether, TrueUSD, GUSD, Dai, Binance was going to create its own stable coin. But what if it turns out that one of the stable coins has no value?
That's impossible because every stablecoin provider or creator will always giving back up equal to the total supply so that the coin can be bought back anytime with enough resource. They are taking the profit from the fee generated in every transaction. If the stablecoin turns out to be zero, that means the company is scamming.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
Do you think that STABLECOINS are needed in the future of crypto payments?
If you have an opinion on this subject, leave a comment, or follow this link and cast your vote Wink https://twitter.com/CP_Processor/status/993797972860301312
Why do we need so many stable coins in the market? Currently we have Tether, TrueUSD, GUSD, Dai, Binance was going to create its own stable coin. But what if it turns out that one of the stable coins has no value?

Then the other stable coins will replace the position, so we still have another chance to use in the double life. Don't forget that now USDC is available in the poloniex and they claim that this coin is one of the stable coins too. So we need more option for the stable coins, and I think if this can be used for the real life and online life, then we don't have a problem to pay with the cryptocurrency.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
The mere fact this thread has still not incorporated bitbay is strange

It is clearly the best of the stable coins it's rolling democratic fully transparent and decentralised approach  is in the true spirit of crypto currency

I suggested this early on in this thread.



Thank you for your suggestion. It will be added in the next update of our StableCoin report


Thank you that would be a very sensible addition.



full member
Activity: 325
Merit: 100
Do you think that STABLECOINS are needed in the future of crypto payments?
If you have an opinion on this subject, leave a comment, or follow this link and cast your vote Wink https://twitter.com/CP_Processor/status/993797972860301312
Why do we need so many stable coins in the market? Currently we have Tether, TrueUSD, GUSD, Dai, Binance was going to create its own stable coin. But what if it turns out that one of the stable coins has no value?
jr. member
Activity: 252
Merit: 1
The mere fact this thread has still not incorporated bitbay is strange

It is clearly the best of the stable coins it's rolling democratic fully transparent and decentralised approach  is in the true spirit of crypto currency

I suggested this early on in this thread.



Thank you for your suggestion. It will be added in the next update of our StableCoin report
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
The mere fact this thread has still not incorporated bitbay is strange

It is clearly the best of the stable coins it's rolling democratic fully transparent and decentralised approach  is in the true spirit of crypto currency

I suggested this early on in this thread.

jr. member
Activity: 252
Merit: 1
Yeah, I strongly believe that stable coins are needed. Just imagine you have 1000 btc and there is a bull run. You predict bearish market soon and need to fix your profit. Cashing out isn't a good idea, so you need stable coin with liquidity to convert 1000 BTC. Next year will be a year of stable coins!

Definitely! Community needs to start using stablecoins more. Good think is that now more and more people are raising awareness on stablecoins. The main question next year will be which one is going to prove its worth in the market, and which one will truly hold its peg and manage to stay stable in all market conditions
sr. member
Activity: 672
Merit: 251
Yeah, I strongly believe that stable coins are needed. Just imagine you have 1000 btc and there is a bull run. You predict bearish market soon and need to fix your profit. Cashing out isn't a good idea, so you need stable coin with liquidity to convert 1000 BTC. Next year will be a year of stable coins!
sr. member
Activity: 616
Merit: 250
I think that is an absolute necessary to have a stable coin if we wish to use it as a payment system, cause if it isn't stable, then every merchant or people who used the coins for payment will meet hard time to utilize it.
jr. member
Activity: 252
Merit: 1
Hey guys, here is an update of our StableCoin Overview Report!

https://docs.google.com/spreadsheets/d/e/2PACX-1vTf2gZZJrpSXCxcx_pE4Sjta2lDnDXWbK0ARgoIw_HkYGoIdFtfi0QRJs3DFMnoaQm47cOxeS-0gSiI/pubhtml#


Special thanks to @Globcoin_io for sharing their exciting news with us - their GLX is now live on blockchain 👏
jr. member
Activity: 252
Merit: 1
Here, you will find everything about the current state of all Stablecoin projects!
https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-819d183f6ac7

I think it could be a wise idea for people that accept payments in crypto. For example I get paid in bitcoin for the work I do but if I am going to get payments in more stablecoins like usdt or similar that could be wiser for me in investment sense. Right now sometimes the money I make gets bigger because the price goes higher but sometimes it gets less because the price is going lower.

However if I start to accept the stable coins such as usdt or usdc than the money I make stays the same no matter what, if you believe a future in bitcoin that is a bad move but if you believe it will go down that it is a smart move.

That is one smart use case for stablecoins  Wink
full member
Activity: 602
Merit: 100
I think that yes, because it seems to me that stable coins need to be very strong in order to finally fix your deposit, but on the other hand, they can worsen the situation very much for traders if the project is scam
hero member
Activity: 1148
Merit: 528
Here, you will find everything about the current state of all Stablecoin projects!
https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-819d183f6ac7

I think it could be a wise idea for people that accept payments in crypto. For example I get paid in bitcoin for the work I do but if I am going to get payments in more stablecoins like usdt or similar that could be wiser for me in investment sense. Right now sometimes the money I make gets bigger because the price goes higher but sometimes it gets less because the price is going lower.

However if I start to accept the stable coins such as usdt or usdc than the money I make stays the same no matter what, if you believe a future in bitcoin that is a bad move but if you believe it will go down that it is a smart move.
jr. member
Activity: 252
Merit: 1
📯TETHER GOES DOWN
The next wave of USD-backed stablecoins have begun to make their way onto high-volume cryptocurrency exchanges, and early indications suggest that traders may trust them more than tether (USDT)...
https://cryptoinvest.tech/new-crop-of-regulated-stablecoins-are-trading-at-a-premium-to-tether/
jr. member
Activity: 252
Merit: 1
The crypto world is going wild for 'stablecoins' — here's everything you need to know about them ℹ️📖
https://blog.blockchain.com/…/…/26/the-state-of-stablecoins/
jr. member
Activity: 252
Merit: 1
Proud to be included in http://Blockhain.com  State of Stablecoins, comprehensive report on current strengths, trade-offs and concerns associated with stablecoin problems! 😃https://www.blockchain.com/research
jr. member
Activity: 252
Merit: 1
jr. member
Activity: 252
Merit: 1
As part of our efforts to educate community about the importance of stablecoins, we have made a public spreadsheet with relevant information on stablecoin projects. Feel free to share it - https://docs.google.com/spreadsheets/d/17giG2v5I7CrtiftvXooTFWoHqA0NKnHyOoy5fE8Tfms/edit#gid=0
If you wish to add something about your project, please contact us!
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