Actually the goal is to create stable coins to avoid the volatile crypto market. So stable coins can be used to save our trading capital and also save
the profit that we get from trading. The existence of stable coins really helps me when trading, but I can't trust 100% of stable coins. Because at
any time, stable coins can end in scams, and my funds can be frozen. Therefore, the solution is not to save all the money I have in stable coins.
I only keep money in stable coins which I only use for trading purposes.
Topic: Should we trust Stablecoin ? (Read 284 times)
Stable is important if you want to park your investment without fearing that the value of your asset will fall, it's a tool to take advantage of the situation, each time the market drives down, you can convert your asset to stable coin and wait for a good sign before buying back whatever coin you are supporting.
There are traders who use this as channel for quick trade, since this assets is stable you can assume that the value of your fund
will stay as long as you are not buying any other crypto asset it will remain the same.
yes brother i will trust of stablecoin. because stablecoin are mostly stable not down and up when i trade of the other one and i make a profite from it. then the profite i will change in the stablecoin because stablecoin are not going down direaction he is always stable
A stable coin is always stable and there are a lot of stable coins on the market. l prefer using USDT, that is why USDT is most popular among stable coins and more unbelievable for me. That is true there will not be any price changing, but l think the USDT team is making something better than others and they are really successful.Stable is important if you want to park your investment without fearing that the value of your asset will fall, it's a tool to take advantage of the situation, each time the market drives down, you can convert your asset to stable coin and wait for a good sign before buying back whatever coin you are supporting.
There are traders who use this as channel for quick trade, since this assets is stable you can assume that the value of your fund
will stay as long as you are not buying any other crypto asset it will remain the same.
yes brother i will trust of stablecoin. because stablecoin are mostly stable not down and up when i trade of the other one and i make a profite from it. then the profite i will change in the stablecoin because stablecoin are not going down direaction he is always stable
A stable coin is always stable and there are a lot of stable coins on the market. l prefer using USDT, that is why USDT is most popular among stable coins and more unbelievable for me. That is true there will not be any price changing, but l think the USDT team is making something better than others and they are really successful. 
In general, the idea of a Stablecoin is very good and extremely useful for people in crypto circles, but it still remains a crypto coin. I think there is always a chance that something will go wrong and the Stablecoin will depreciate (to be lawsuits against the project or something like that).
one thing that may go wrong here for example is like USDT, remember last 2019 when they admitted they were not 100% backed by USD . this is one of my worries with stable coin pegged to fiat. how sure are we that they are telling the absolute truth here? so yeah, you need to be careful with stablecoin like USDT. what we are seeing right now may not be the truth and we will be surprised that one day, it will collapse.
I'm already trying find out about what is Stablecoins like USD,EURO,YEN and other fiat name. In short things they community said "the assets" were back up nor not by real asset(Fiat,Gold,Oil) to guarantee.
They had build / creates Smart Contract with many of network Blockchain. Doesn't team has no "profits" inside right? 1:1, even if we want to spend out assets they have no "benefits nor profits" cause we pay the fees/gas for those miners of network.
Creators Smart Contract can frozen the supply or tokens as they want. Other side things, as we know they had spend money, power, things for build a regulations (its not easy), what is exactly they trying to reach ?
Helping community to swap crypto instantly like unbanked ? Am not sure about that.
In the worst case, the Private Key is lost, or may be those creators passed, what the expectation will be happen?
I don't want to talk about any stable coin prices. Stable coin prices are equal to USA dollars. To freeze our portfolio, we can use usdt, dai and Binance USD. Binance USD is a very good project from binance exchange. If you don't separate your profit into USDT, your profit will be lose one day They had build / creates Smart Contract with many of network Blockchain. Doesn't team has no "profits" inside right? 1:1, even if we want to spend out assets they have no "benefits nor profits" cause we pay the fees/gas for those miners of network.
Creators Smart Contract can frozen the supply or tokens as they want. Other side things, as we know they had spend money, power, things for build a regulations (its not easy), what is exactly they trying to reach ?
Helping community to swap crypto instantly like unbanked ? Am not sure about that.
In the worst case, the Private Key is lost, or may be those creators passed, what the expectation will be happen?
In general, the idea of a Stablecoin is very good and extremely useful for people in crypto circles, but it still remains a crypto coin. I think there is always a chance that something will go wrong and the Stablecoin will depreciate (to be lawsuits against the project or something like that).
Depreciation might really happen for stable coins because they're pegged in US dollars. And if the US dollars go into inflation or drops in value then logically speaking, its value has dropped as well but remains 1:1.There might be others that won't understand what does depreciation means in terms of value, not in price.
Don't store too large amount of money using USDT, if USDT is the best stable coin for you then open different USDT address for your assets, I believe that USDT team are freezing address that looks like illegal funding, even if they have no 100% clean proof or not we can't know for sure.
We have no other choice, stable coins provide at least some guarantee of stability. This type of digital currency is resistant to hacker attacks. All assets are held by the central authority, which is a reliable financial institution, attacks by fraudsters become almost impossible.
It goes without saying that fiat money is subject to inflation, and if a stable coins is backed by an unstable currency, its price may change depending on the exchange rate. But despite numerous rumors, stable coins continue to exist and are in great demand.
In general, the idea of a Stablecoin is very good and extremely useful for people in crypto circles, but it still remains a crypto coin. I think there is always a chance that something will go wrong and the Stablecoin will depreciate (to be lawsuits against the project or something like that).
yes brother i will trust of stablecoin. because stablecoin are mostly stable not down and up when i trade of the other one and i make a profite from it. then the profite i will change in the stablecoin because stablecoin are not going down direaction he is always stable
That is clear, but USDT tokens are included in stable tokens whose value often fluctuates even though in very small numbers, but some people use USDT stable tokens when there is a market correction like at this time to store their assets.Long story short USDT is managed by Tether company that lied to people and now have to pay 18.5 million dollars in punishment just to New York AG, think about how much they would own if every city would do that just in USA, if we go global it is insane. So in short, stablecoins are not trustworthy because they are managed by people and those people may want to make insane returns from your investments and fail and your money could be gone.
Why not? Stable coin is the fastest safe haven nearer that crypto investors can run to if bull season start going bear season, its the easiest way of avoiding price volatility, I trust stable coin because of their usefulness in trading and in investments
yes brother i will trust of stablecoin. because stablecoin are mostly stable not down and up when i trade of the other one and i make a profite from it. then the profite i will change in the stablecoin because stablecoin are not going down direaction he is always stable
Don't store too large amount of money using USDT, if USDT is the best stable coin for you then open different USDT address for your assets, I believe that USDT team are freezing address that looks like illegal funding, even if they have no 100% clean proof or not we can't know for sure.
They've been several accusations in the past about the validity of stablecoin, especially USDT. Certain people are of the opinion that stablecoin does not have the required back up amount as envisaged and that could undermine their potential, but I'm personally not worried about this issue because everything that has to do with crypto is risky. I'm willing to take the risk that the industry offers and hopefully no matter where the issue goes, I'll survive.
I advise you to read a few topics
Stablecoins and Blacklists
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581
Algorithmic stablecoins
https://bitcointalksearch.org/topic/--5280287
And here is a very useful site for analytics
https://usdonethereum.com/
USDT is now the leader in coin count and trading volume, but I would recommend looking into the DAI.
Stablecoins and Blacklists
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581
Algorithmic stablecoins
https://bitcointalksearch.org/topic/--5280287
And here is a very useful site for analytics
https://usdonethereum.com/
USDT is now the leader in coin count and trading volume, but I would recommend looking into the DAI.
We should trust but carefully choose them. We already have decentralized stablecoins. When I see this I mean that price is regulated through smart contracts.
I'm already trying find out about what is Stablecoins like USD,EURO,YEN and other fiat name. In short things they community said "the assets" were back up nor not by real asset(Fiat,Gold,Oil) to guarantee.
They had build / creates Smart Contract with many of network Blockchain. Doesn't team has no "profits" inside right? 1:1, even if we want to spend out assets they have no "benefits nor profits" cause we pay the fees/gas for those miners of network.
Creators Smart Contract can frozen the supply or tokens as they want. Other side things, as we know they had spend money, power, things for build a regulations (its not easy), what is exactly they trying to reach ?
Helping community to swap crypto instantly like unbanked ? Am not sure about that.
In the worst case, the Private Key is lost, or may be those creators passed, what the expectation will be happen?
You only have to be worried about USDT freezing assets part if you are into scamming or illegal fundings, hope you aren't one of them They had build / creates Smart Contract with many of network Blockchain. Doesn't team has no "profits" inside right? 1:1, even if we want to spend out assets they have no "benefits nor profits" cause we pay the fees/gas for those miners of network.
Creators Smart Contract can frozen the supply or tokens as they want. Other side things, as we know they had spend money, power, things for build a regulations (its not easy), what is exactly they trying to reach ?
Helping community to swap crypto instantly like unbanked ? Am not sure about that.
In the worst case, the Private Key is lost, or may be those creators passed, what the expectation will be happen?
? If yes then you have nothing to worry about when using USDT but if you are then find other way, DAI is more reliable in this part, no assets can be freeze or track, it's total decentralized 
Stable coin isn't just an empty word like most new altcoin projects, they work as intended so I'm in confidence using stable coin either decentralized stable coin or centralized stable coin, I've use USDT to store thousands of dollars before and it went all well, I won't recommend using stable coins to store your funds for years, it's better to shot term only because we can't be so sure
Exactly! As even USDT team last year admitted that they are not fully backed by USD assets. So not really advisable if you will hold it for long term. There is no 100% assurance that they will keep they word for what they claim about their assets. I trust btc more than stablecoin here.
Even if you don't understand how stable coin became this useful try asking yourself why all crypto exchanges trust USDT? I haven't seen an exchange where there is no USDT paired with other major crypto coins, If USDT for example can't be trusted why would all top exchanges trust it? Why would USDT has the biggest volume among other stable coins, the idea of 1:1 Fiat pegging works
Stable coin isn't just an empty word like most new altcoin projects, they work as intended so I'm in confidence using stable coin either decentralized stable coin or centralized stable coin, I've use USDT to store thousands of dollars before and it went all well, I won't recommend using stable coins to store your funds for years, it's better to shot term only because we can't be so sure
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