Kucoin adds two stablecoins today | Bitcointalksearch.org

Raja_MBZ

legendary

Activity: 1834

Merit: 1520

Quote from: bitChipper on October 15, 2018, 10:18:58 AM

Its good news, I think that more stable coins will bring a more stability in the crypto currency ecosystem. Think about december 2017 when we really only had 1 stablecoin....Tether.

Think about how much FUD was around tether, I believe that back then it was the single most systemic risk to crypto, if it would have imploded it would have affected so many exchanges across several jurisdictions.

So with all these new stable coins out there and being added to many exchanges it really mitigates that risk.

I completely agree. The scenario would've been completely different in December if we had Gemini Dollar, Bittrex Dollar, True USD, PAX, etc. along with Tether. The next bull run, IMO, will be fueled with all these new (but more reliable) stable coins.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: bitChipper on October 15, 2018, 10:18:58 AM

Its good news, I think that more stable coins will bring a more stability in the crypto currency ecosystem. Think about december 2017 when we really only had 1 stablecoin....Tether.

Think about how much FUD was around tether, I believe that back then it was the single most systemic risk to crypto, if it would have imploded it would have affected so many exchanges across several jurisdictions.

So with all these new stable coins out there and being added to many exchanges it really mitigates that risk.

I don't share your optimistic view on stablecoins. The only thing they do is keep adding single points of failure to an ecosystem that was meant to combat corporate influences.

People might not care because they are here to book short term gains only, but I do care about this ecosystem, and I want to see it succeed in every possible way, with the main goal being that we finally no longer depend on fiat currencies only.

How do you know that corporate entities don't print unbacked stablecoins out of thin air and buy up as much circulating crypto supply as possible?

bitChipper

sr. member

Activity: 896

Merit: 290

Quote from: Raja_MBZ on October 15, 2018, 08:57:10 AM

The drama of Tether is definitely creating chaos everywhere (and it's sort of making way for new stablecoins with better transparency). Kucoin just listed USDC and TUSD (two new stablecoins):

USDC: https://news.kucoin.com/en/kucoin-will-add-usd-coin-usdc-market/

TUSD: https://news.kucoin.com/en/kucoin-will-add-trueusd-tusd-market/

Its good news, I think that more stable coins will bring a more stability in the crypto currency ecosystem. Think about december 2017 when we really only had 1 stablecoin....Tether.

Think about how much FUD was around tether, I believe that back then it was the single most systemic risk to crypto, if it would have imploded it would have affected so many exchanges across several jurisdictions.

So with all these new stable coins out there and being added to many exchanges it really mitigates that risk.

Raja_MBZ

legendary

Activity: 1834

Merit: 1520

The drama of Tether is definitely creating chaos everywhere (and it's sort of making way for new stablecoins with better transparency). Kucoin just listed USDC and TUSD (two new stablecoins):

USDC: https://news.kucoin.com/en/kucoin-will-add-usd-coin-usdc-market/

TUSD: https://news.kucoin.com/en/kucoin-will-add-trueusd-tusd-market/

Topic: Kucoin adds two stablecoins today (Read 155 times)