Im big fan of stable coins and this is what I think - page 5.

AIF

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Quote from: so98nn on February 07, 2021, 04:31:53 PM

It’s not that attractive scheme though. If you love stable coin so much and think about it as investment opportunity for example, lending, give aways, easy to transact etc then why not choose Fiat itself? It makes no such sense except the fact they are in crypto space. Personally I never liked the idea of stable coin to make income out of it. One way or other it’s just safe house for you when other crypto currency’s are falling apart during apocalyptic events. Lolz

But, won’t comment on other who states that it’s way of passive income. It’s good in theory but in practical approach it’s waste of time.

The only difference from Fiat is the possibility of cross-border transfers bypassing banks

so98nn

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It’s not that attractive scheme though. If you love stable coin so much and think about it as investment opportunity for example, lending, give aways, easy to transact etc then why not choose Fiat itself? It makes no such sense except the fact they are in crypto space. Personally I never liked the idea of stable coin to make income out of it. One way or other it’s just safe house for you when other crypto currency’s are falling apart during apocalyptic events. Lolz

But, won’t comment on other who states that it’s way of passive income. It’s good in theory but in practical approach it’s waste of time.

AIF

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Quote from: cryptoboss2020 on February 07, 2021, 12:16:34 PM

Quote from: Argoo on February 07, 2021, 11:56:03 AM

Quote from: Darker45 on December 10, 2020, 10:03:32 PM

I guess governments may indeed shift to the use of CBDCs, so that's roughly the equivalent of stable coins. They'd be unlike the existing stable coins because they're not backed by fiat currencies; they're the fiat currencies themselves.

However, if this happens it is impossible that governments will issue their digital coins on a platform they do not own themselves. I don't think governments will make use as their official currencies coins which are built on Ethereum and other private or, if there are any, decentralized and independent blockchains.

So I still don't know how you would possibly earn from hodling stable coins.

Governments certainly do not need private and commercial stablecoins, so they will not use them in their activities. They will issue their own digitized central bank currencies and in some cases will use the same digitized currencies of other countries. Using existing non-government stablecoins increases their risk, so they will not risk it.

They can put regulations on USDT

I wonder how they can do it

cryptoboss2020

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Quote from: Argoo on February 07, 2021, 11:56:03 AM

Quote from: Darker45 on December 10, 2020, 10:03:32 PM

I guess governments may indeed shift to the use of CBDCs, so that's roughly the equivalent of stable coins. They'd be unlike the existing stable coins because they're not backed by fiat currencies; they're the fiat currencies themselves.

However, if this happens it is impossible that governments will issue their digital coins on a platform they do not own themselves. I don't think governments will make use as their official currencies coins which are built on Ethereum and other private or, if there are any, decentralized and independent blockchains.

So I still don't know how you would possibly earn from hodling stable coins.

Governments certainly do not need private and commercial stablecoins, so they will not use them in their activities. They will issue their own digitized central bank currencies and in some cases will use the same digitized currencies of other countries. Using existing non-government stablecoins increases their risk, so they will not risk it.

They can put regulations on USDT

Argoo

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Quote from: Darker45 on December 10, 2020, 10:03:32 PM

I guess governments may indeed shift to the use of CBDCs, so that's roughly the equivalent of stable coins. They'd be unlike the existing stable coins because they're not backed by fiat currencies; they're the fiat currencies themselves.

However, if this happens it is impossible that governments will issue their digital coins on a platform they do not own themselves. I don't think governments will make use as their official currencies coins which are built on Ethereum and other private or, if there are any, decentralized and independent blockchains.

So I still don't know how you would possibly earn from hodling stable coins.

Governments certainly do not need private and commercial stablecoins, so they will not use them in their activities. They will issue their own digitized central bank currencies and in some cases will use the same digitized currencies of other countries. Using existing non-government stablecoins increases their risk, so they will not risk it.

AIF

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Quote from: cryptoboss2020 on December 09, 2020, 12:11:37 PM

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins

And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.

Quote

So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

I have already seen such a bank project

https://bitcointalksearch.org/topic/m.55567675

BuNga_cute

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I believe many countries will make their own stablecoins, just like China created the digital yuan. Because in the future financial
transactions will be completely cashless, so everyone will switch to using digital currencies. It's no wonder Facebook is trying so
hard to launch Libra / Diem, because Facebook sees that the future is bright for stablecoins. But investing in stablecoins such as
USDT or USDC is not profitable, because the price is stable like fiat so it is difficult to get profit if we are holding stablecoins.

sapnu

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I'm not really a big fan of stable coins because if you invest in that kind of coin the movement of you money is constant since the price of the token you have chosen is not rising at all. While investing on some altcoin, you can really make your own money grow by buying some token on a low price and selling it on a high price. Just make some portfolio that is solid to follow, that will be your guide to trade. In terms of china's stable coin, I dont think it can best bitcoin's dominance. I've been seeing some topics like that.

asriloni

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It will be the same case that's happening in china when the government was distributing its CBDC to the some of its citizens. You still need a platform to did it. Do you mean about you can lend your money without received the collateral as guarantee for your money? that's crazy lol
This time you can be a banker too through use the lending service to get the annual interest from your stable coin. If that will be working like what you have said and stable coin will be useless.
There should always be requirements for the party to be able to borrow the stable coin from a platform or bank.

bayu7adi

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dont be greedy

Quote from: Dragonfund on December 11, 2020, 02:16:48 PM

I know right, considering the amount of ROI banks give to users is so small compare to what OP is said, but borrowing and lending with a 7% APR will not be a good profit especially when one is holding a little amount for almost a year. Imagine holding $100 stablecoins for a year to gain $7, that's ridiculous Grin

Except if OP is having thousands to invest in stable coins
Why not invest that little amount into a good altcoins and have good returns in short or mid term.

The two methods that you describe have different risks and also only investors with certain characters will be interested in this investment method method. One's playing style in investing is different

Lending is perfect for fertile investors who have untouched money who can still live to buy burgers and drinks even though the money is burned. Let's just say someone has $ 1 million, he can use 500k for lending and the rest for trading Altcoin, besides he can survive, he can also enjoy the risk

Darker45

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Quote from: DooMAD on December 11, 2020, 08:47:27 AM

Quote from: Darker45 on December 10, 2020, 10:03:32 PM

~snip~

Exactly. Stablecoins are private or corporate wealth, whereas CBDCs (if they happen) will be national wealth. The two will compete with each other for market share (but it's a different market share to that of Bitcoin and other non-backed crypto, because those serve an altogether different purpose), so holding corporate stablecoins could potentially cause you to lose money if CBDCs achieve dominance in that market. And if any given nation does launch a CBDC, they have the notable advantage of being able to legislate against stablecoins, so it probably wouldn't be a fair fight.

By the time CBDCs are out, stable coins would have to contend very hardly for that tiniest of spot under the sun. They would surely and most probably very quickly lose relevance. I assume CBDCs of leading countries and regions such as the US, UK, EU, and so on would be truly global which means they could easily and smoothly cross borders just like stable coins. Furthermore, they would easily be embraced and supported by all kinds of infrastructures which accept stable coins as they are owned and issued by governments themselves.

Every stable coin user would be posed with a question, why use a privately-owned, shady, questionable, and fiat-backed stable coin when you can opt for non-backed and fully legal and compliant fiat coin itself?

Which brings me back to my point, OP, that hodling stablecoins is utterly pointless!

Dragonfund

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Quote from: Strongkored on December 10, 2020, 11:42:38 PM

I don't think that stablecoins are good for investment, because stablecoins are equal to fiat and so are their value will same, so there will be no ROI because the value goes up but like what OP said the ROI is when lend the stablecoin and get interest from borrower.

I know right, considering the amount of ROI banks give to users is so small compare to what OP is said, but borrowing and lending with a 7% APR will not be a good profit especially when one is holding a little amount for almost a year. Imagine holding $100 stablecoins for a year to gain $7, that's ridiculous Grin

Except if OP is having thousands to invest in stable coins
Why not invest that little amount into a good altcoins and have good returns in short or mid term.

fullhdpixel

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Quote from: Strongkored on December 10, 2020, 11:42:38 PM

I don't think that stablecoins are good for investment, because stablecoins are equal to fiat and so are their value will same, so there will be no ROI because the value goes up but like what OP said the ROI is when lend the stablecoin and get interest from borrower.

Stable coins are only good until legal restrictions are not applied on them because a cryptocurrency that is being regulated is more like digital fiat and because it is stable coin it serves no purpose really.

I agree that stable coins are not the best option for investment but they are good for people who want to stake coins and earn money, lending is different and staking is different because with lending you have a chance that you might lose your coins but staking happens smooth and without any risk unless the exchange or service where you stake the coins scams.

Leviathan.007

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The first and most important thing after you see stablecoins is how stable it is. There many companies and many decentralized groups of people clam to have stablecoins thy also claim to have a big liquidity. One famous stablecoin we know is USDT they claimed you have a huge amount of liquidity but the people understood they were laying and the price of each USDT fallen down to 8 cents. Still, many famous exchanges like Binance and Bitmex are using USDT. In my own idea the USDC project seems more promising and stable than USDT. However, we should see the reacts in long-term.

DooMAD

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Quote from: Darker45 on December 10, 2020, 10:03:32 PM

I guess governments may indeed shift to the use of CBDCs, so that's roughly the equivalent of stable coins. They'd be unlike the existing stable coins because they're not backed by fiat currencies; they're the fiat currencies themselves.

However, if this happens it is impossible that governments will issue their digital coins on a platform they do not own themselves. I don't think governments will make use as their official currencies coins which are built on Ethereum and other private or, if there are any, decentralized and independent blockchains.

So I still don't know how you would possibly earn from hodling stable coins.

Exactly. Stablecoins are private or corporate wealth, whereas CBDCs (if they happen) will be national wealth. The two will compete with each other for market share (but it's a different market share to that of Bitcoin and other non-backed crypto, because those serve an altogether different purpose), so holding corporate stablecoins could potentially cause you to lose money if CBDCs achieve dominance in that market. And if any given nation does launch a CBDC, they have the notable advantage of being able to legislate against stablecoins, so it probably wouldn't be a fair fight.

Strongkored

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I don't think that stablecoins are good for investment, because stablecoins are equal to fiat and so are their value will same, so there will be no ROI because the value goes up but like what OP said the ROI is when lend the stablecoin and get interest from borrower.

Darker45

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I guess governments may indeed shift to the use of CBDCs, so that's roughly the equivalent of stable coins. They'd be unlike the existing stable coins because they're not backed by fiat currencies; they're the fiat currencies themselves.

However, if this happens it is impossible that governments will issue their digital coins on a platform they do not own themselves. I don't think governments will make use as their official currencies coins which are built on Ethereum and other private or, if there are any, decentralized and independent blockchains.

So I still don't know how you would possibly earn from hodling stable coins.

cryptoboss2020

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Quote from: batang_bitcoin on December 10, 2020, 06:44:02 PM

I don't get the returns part of it. There's no ROI with stable coins, you only save it just as you're saving your cash in the bank. There's not that much volatility with it but there's a possibility that it would lose its value over time if you want to hold it. If you haven't seen some failed stable coins even if the government will intervene with those issuers, no point in holding it. Thus, there were also incidents in that USDT has frozen some funds and thru government, they're capable of doing that randomly.

They froze becouse they can not meet the demand of liqutity I guess so its protecting the USDT ponzi I guess so

batang_bitcoin

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I don't get the returns part of it. There's no ROI with stable coins, you only save it just as you're saving your cash in the bank. There's not that much volatility with it but there's a possibility that it would lose its value over time if you want to hold it. If you haven't seen some failed stable coins even if the government will intervene with those issuers, no point in holding it. Thus, there were also incidents in that USDT has frozen some funds and thru government, they're capable of doing that randomly.

cryptoboss2020

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Quote from: Silberman on December 10, 2020, 05:20:05 PM

Quote from: cryptoboss2020 on December 09, 2020, 12:11:37 PM

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins

And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

Governments have fought to get complete control of the money supply and you think they are going to use a stable coin willingly instead of just creating their own tokens themselves? I do not see it, they will create their own coins and in many cases I see them attacking stable coins since they will be a direct competition against their coins and also because it is easy to attack them, as those coins are controlled by centralized entities unlike what happens in the case of bitcoin.

so .... they can take over the stable coins just

Topic: Im big fan of stable coins and this is what I think - page 5. (Read 1131 times)