Topic: New stable coins will help altcoins (Read 151 times)

Unfortunately, bitcoin price is the main reason why alt coins go down and I can't imagine how it can be avoided.

The first thing we need understand what is stable coin?

Stable coin is a token, which in essence is also an encoding currency such as Bitcoin, Eth or other coin in the market. However, its main purpose is to mediate transactions with all other coin types with stable and secure features. It is not as volatile as other coin, which is a risky place to enter the crypto market for investors.

The second: Market need for stable coins

The price of codecs like Bitcoin, Ethereum, Neo ... is very unstable, it depends very much on the market, it can increase or decrease from 5% to more than 50% in one day. This interferes quite a lot with payments and exchanges in the real world. As such, the payment or valuation of other items based on coding currencies will be difficult to obtain or difficult to obtain. Derived from this demand, the coin stable coin was born, in order to create stable coin for valuation and exchange in the crypto market.

The third: Applications of stable coin

Currently, in many countries around the world, we can not directly buy pre-coded denominated Dolla or legal money, but only through stable stable coin. It enables investors to trade and exchange a wide variety of coding currencies on the exchange.

CONCLUDE
Thus, in this article we know what stable coin is and how important it is in today's crypto market.

At the moment,I do not see stable coins,everything depends on the fluctuations of the dollar,so the emergence of new stable crypto-currencies will have a positive impact on the entire market and not only crypto-currencies, but in General.

All new altcoins will have independent prices when they are listed, as most new altcoins can attract investors in a short time! But this situation will not last too long!

Altcoin will grow, but it will still follow with bitcoin movements. I think the stable coins is needed in the market because all traders want to convert to the stable coins so they will not see the decrease in their money. Although they still trade with various coin, in the end, they will be back to the stable coins to make another profit. But I don't know much about the stable coins, and I only know about usdt and don't forget that poloniex right now have a new coin and they said it is a stable coin (if I am not wrong) and you can take a looks about SDC in the poloniex.

yes, the coin is good because its course does not change. but it is a long time ago, and altcoyins still depend on bitcoin. so with the new arrivals of such coins nothing will change

Is this altcoins will grow with more stable coins as what cryptocurrencies market needs is stability.  We are not going to have a bad days if the market is generally stable and one thing that can bring this stability is for good projects that has governments backing to be introduce into the market.

I don't think stable coins can help altcoins because stable coins have appeared a long time ago, Tether (USDT) was born in 2015, but altcoins price still depend on Bitcoin price. Bitcoin-Altcoins is still the favorite trading pair of most traders and it seems that they don't like stable coins trading pair so much.

New Stable coins are not helping altcoins at all
They are only breeding unhealthy competition in the crypto space

Yes, New stable coins will help the whole market at large not just Altcoins, there is no need to move profit in and out of the crypto ecosystem when never one wants and also increases trading appetitie since one is having the money one the exchange but in a stable currency. I think we need more but must be done right and backed by true Fiat not algorithim

yes, that is the function of stable coins and there are no other advantages other than the uses that you have said above. indeed stable coins have an active role to help trader or investors, but if all exchanges have supported the fiat pair, then the use of stable coins will begin to decrease.

Op doesn't even understand about the fact that the stable coin has been used by the traders to secure their profit. in fact that the stable coin has a very important role to these traders. They will try to use it to secure their profit through convert them all into the stable coin and then just try to buy it when there will be the next bearish trend again.

the independence of an altcoin should indeed occur for a change in crypto in the future, but now the nature of Altcoin's dependence on bitcoin is still closely seen and the possibility of being independent is still far in the plan

Regulated stable coins like Gemini $ will definitely help with crypto adoption. Having a way to move out of volatile cryptocurrencies is a must for all serious traders and investors. But there really needs to be more pairs with stable coins on exchanges, so you won't have to do double conversions from less popular alts.

The presentation was held on October 25-26, the coin recognition was stable and this made the team busy preparing everything.
Indeed, this introduction must be done to get the attention of many investors. Hopefully, the presentation can run smoothly and work well.

I don't know about stable coins, they look good but it does not look like they are the best thing right now. There are two ways to look at this, if you are looking to use cryptocurrencies as currencies then stable coins would be the best thing that could happen but if you are using the coins as an investment then you would not be able to make any money with stable coins.

What a brilliant genius idea this coin, just the coin that needed to enter the market, not sure why it was not created before to be honest, but yeah that's the only coin I can think of with a stable price on the market.

I'm not sure what you mean by stable altcoins? What is it like? I know only one altcoin, which does not change the price - it's USB (Tether). But there are reasons

I would like to draw your attention to our upcoming event, the World’s first blockchain and crypto event on the topic of stable coins. Stableconf will be held in London 25-26th October. Bringing together stablecoin entrepreneurs, regulatory experts and general stakeholders from the public and private sector to hear and share their solutions and lessons so we can build together the bridges to a decentralized internet/economy.
Check out https://stableconf.com/

We have witnessed the introduction of several stable coins into the market, the latest being the Gemini dollar and Pax, both of which have a good reputation with the government.I think they will have a good effect on altcoins in general as they can serve as trading pairs, causing less dependence on bitcoins.
Could this mean altcoins will grow independently of the price of bitcoin?