Topic: Im big fan of stable coins and this is what I think - page 4. (Read 1156 times)

Yes my most trading pair are also USDT.
Well the USA dollar is weak should be eur pairs most Common

In my point of view, I am also a big fan of Stable coin like USDT. Because every time when I go for trade purposes, I choose USDT pair because the price get stable there. When I use Btc or Eth pair then I convert it to USDT then the amount become stable and it is a way of making more amount. This is why, I like most to stable coin.

Yes you are correct

In terms of most popular and safest....


I assume


popular


usdt
usdc
gemini dollar



safest


usdc
gemini dollar
usdt



Would you say this is right?  Well i know there is also busd as well and also DAI and pax.

Bruh, the government will definitely create their own stablecoin that they could fully control instead of relying on third parties owned stablecoin. Moreover if the government trying to create CBDC it could turns out as how has happened in India which is the government banning cryptocurrencies.
They surely have the resource to do so and could also align with their idea of preventing money laundering even in crypto. Not to mention creating ERC20 token is easy af if they don't want to create their own blockchain, that idea is not realistic at all.

Governments can, with some reservations, quite calmly treat cryptocurrencies and even try to use them, but of course they will not in any case compete with their own fiat currencies, because this resembles the introduction of a parallel monetary printing press, which violates the state's monopoly on such things. But still, it seems that before the widespread introduction of state-owned cryptocurrencies, you can not worry much about stablecoins yet.

Yes thats true stable coins are serious and bitcoin is funny business up and down up and down.
Stable is stable.
USDT is best Yes
USDT is king of the crypto!

I don't think government will be using USDT or any other currently available stable coins. They highly likely will make their own stable currencies if they wish to go mainstream. Mined/minted and controlled by the central bank, giving the government full power while making good use of crypto currencies.
I think haven't heard about the horror stories linked to USDT. People say that your USDT can be frozen on your own wallet by tether. I have read about various wallets getting frozen. Even USDC wallets can be blacklisted. So, are you still a big fan?

I like stable coins soo much. My most preferred coin is usdt. It is in all blockchain supported coin. In my opinion it is a must needed coin for all who is interested to do a safe spot trade. We all know that spot trade is much more easy in trading industry. It is quite same as swap. And we use usdt like crypto cash. As an example, if we buy bitcoin at $30k price it might be we buy through usdt. Then we saw a huge pump and bitcoin reach $40k. If we don't exchange it right now then we can loss this $10k profit. What should we do in this case we use usdt. Now we got $40k. $10k profit now there is no chance to loss because its price is stable. So if bitcoin gose again $30k now we cam buy more than 1 bitcoin. This is why stable coin is must needed. And usdt is my favourite.

so that who does not say, but stablecoins have always been in demand in the cryptocurrency market and helped users to minimize their losses during the fall in cryptocurrency rates. It is possible to compare the indicators of 2016, 2017 and 2018, when the cryptocurrency grew and fell very low, but stablecoins remained at their level and gave many cryptocurrency users the opportunity to preserve their capital.

Well the btc is Good only until Economic crash  
But stable coins are Good and stable always. 
And government trust stable coins more government officials are very realistic people. 
I trust guys on federeal reserve and IMF  they know what is Good for money.

Yes, I'm going to keep accumulating bitcoins.  Unlike stablecoins, the number of advantages gained from hodling BTC appears to outweigh the disadvantages.  

All I can see for hoarding stablecoins is a long list of negatives:

• Your wealth isn't actually yours
• May not be backed 1:1
• Weak to regulatory shutdown
• Would be in direct competition with CBDCs if they launch
• Won't increase in value versus the underlying fiat currency

Now, please, either come up with some ideas that aren't as easy to criticise, because you've actually put some thought and understanding into them, or stop complaining.  If you sincerely believe that all ideas are worthy of praise, regardless of substance, then I'm going to assume I'm talking to a child here.  It's a simple fact of life that you need to demonstrate at least some basic competence in your chosen subject in order for your ideas to be taken seriously.  Anyone who has been around crypto for a while can tell right away that you don't understand what you're saying.



Again, no government or central bank in their right mind is going to give a private company that much influence over their economy.  Also, the underlying US Dollar isn't "accepted worldwide".  I can't spend American cash in any shop in my country.  So there's no point in pretending the token that (supposedly) represents US Dollars would be accepted in retail stores by the general public anywhere other than America either.

Enough with the flights of fancy and wishful thinking.  Stop dreaming.  It's time to get real and show some common sense now.

Its always easy to critizise other ideas and plans but do you have any better? 
If not go along with this dont fight  its only matter of time once the stable coins becomes approved by government as accepted currency world wide.
If would be something different then it would be ready model all ready somewhere so USDC will be First one.

There are only two possibilities when it comes to stablecoins and savings.  Either:

a) they're not designed for that purpose, or
b) whoever designed them did a terrible job on fulfilling that particular aspect

Anyone who thinks they're going to strike it rich by hodling an IOU that's pegged to fiat is setting themselves up for a fall.  The only useful purpose of stablecoins is to daytrade with other coins in an attempt to turn a profit.

I don't know of any stable coin in this market created by government. Mere holding stable coin especially not for taking from the bull market rewarding. However, more use have been coming as staking and Defi that could fetch more money while money sit in a wallet. Similar to bank fixed money but produce more reward.

Stable coins aren't really like fiat, they just work like fiat in the digital world, USDT for example have nothing to sure the world that they ate really backed by real world assets or reserve, all we hear from them are nothing but words only, but I don't mind, we can't expect them to show us their reserves or can we?

if does then why does the USDT capitalization remains as lowest as 3rd position ? if government are accumulating this then this must have break ETH cap?
Lol instead of USDT or stable coin they should have lend BTC instead because of the volatility that may favor them for long term.
Sure?you HODL USDC? common , How much ?1000 USDC?

Same thing could be said in Decentralized coin like BTC if we hold it for a long time we could also get a good ROI,
Actually we could say the same thing to some crypto since they had shown us that they have grown over the past years.
But we must choose what we think would be most profitable for us and suited to our trading skills.

Stablecoins are not as profitable as you're trying to make it out to be. They are definitely good store of value coins and a great start to educate people on how to use cryptocurrencies but that's about where their usability ends honestly. And in your post you mentioned government being involved in thsi scheme which is always a recipe for disaster if ever I saw one. Exactly. It's good as a form of passive income because there is literally no risk involved in stablecoins, but the low rewards counteract this.

There has been a lot negative press with USDT because of the secrecy surrounding their claim to exactly have $1 value in swap with Tether. I think stable coins have a lot going for them if managed correctly. USDC seems to be limiting itself by concentrating on core customers of Coinbase and associated/involved companies but they seem to have little or no negative press whereas Tether really has had bad press.

Stable coins are without doubt a handy innovation but there fear of them not truly holding their stable price in USD$ is what pushes investors away as much as it pulls them towards it.