Topic: Stable coin - page 2. (Read 749 times)
Stablecoins will surely play an important role in the future. We need them in order to do some serious business in the payment sector.
Excuse a question, Facebook will have a currency or will it be a token?
I think it could not be a stable currency, because many enthusiasts of social networks will certainly acquire the currency,
but if they do it as a cryptocurrency it would be much better, because it gives more
credibility to the technology along with the decentralized economy that can be managed on Facebook.
I think it could not be a stable currency, because many enthusiasts of social networks will certainly acquire the currency,
but if they do it as a cryptocurrency it would be much better, because it gives more
credibility to the technology along with the decentralized economy that can be managed on Facebook.
When it is launched by facebook then it will not be a decetralized crypto because they are not going to give control of their network to the community so it might be a stable coin or not but it is going to be a centralized cryptos like ripple.
Pls I'd like to be enlightened on the importance of stable coin in the crypto space... I hear Facebook coin will be a stable currency... what are the use of stable coins??
A stable cryptocurrency can be used much more widely than the cryptocurrency that exists at the moment.
Now the majority of altcoins remain in the hands of investors who want to earn billions on the growth of their exchange rate.
The emergence of a publicly available decentralized digital currency with a fixed exchange rate can become a welcome alternative to the dollar for residents of countries with unstable economic systems (Venezuela, for instance).
Excuse a question, Facebook will have a currency or will it be a token?
I think it could not be a stable currency, because many enthusiasts of social networks will certainly acquire the currency,
but if they do it as a cryptocurrency it would be much better, because it gives more
credibility to the technology along with the decentralized economy that can be managed on Facebook.
I think it could not be a stable currency, because many enthusiasts of social networks will certainly acquire the currency,
but if they do it as a cryptocurrency it would be much better, because it gives more
credibility to the technology along with the decentralized economy that can be managed on Facebook.
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Once people have earned their profits from crypto, they want to use it for other purposes. For example, to pay for any services. Facebook releases its coin for this purpose.
Is facebook launching a stablecoin? As far as I know it's not a stablecoin but however they will maintain the price movement and will not be volatile. They will controll it. That's why I would definitely not like this kind of coins.
Once people have earned their profits from crypto, they want to use it for other purposes. For example, to pay for any services. Facebook releases its coin for this purpose.
in terms of usage, which is often used by many people is using stablecoin as security assets if there is a decline in the crypto market, so they exchange their bitcoin or altcoin so that the value in $ does not go down and from what I see there is also one of payment. because the price resembles the dollar rate and certainly there are many other uses. perhaps stable coin is also used as collateral to borrow money
The use of coins is stable, usually future coins can be used as legitimate payments and can be accepted by many spaces in all institutions and it is clear that if the coins are stable, prices will continue to be stable like Bitcoin Then stable coins are suitable for investment? of course not if we want prices and profits quickly, so it's better to invest in unstable coins but vice versa if we want a long-term not wrong if we choose a stable coin.
Pls I'd like to be enlightened on the importance of stable coin in the crypto space... I hear Facebook coin will be a stable currency... what are the use of stable coins??
A stable coin is exactly what it sounds like, a coin with stability, whereas stable = an almost static price. If you buy Bitcoin and are afraid the bear might attack (downtrend), you could then lock your balance away with a stable coin and keep relatively the same amount of money you had before the bear attacked.
If a stable coin is worth $1, the price will most likely stay very close to being a dollar, without fear of it crashing to $0, hence it being stable!
Many stable coins are backed by real dollars, or assets in order to achieve stability.
now we have seen too much stabilcoin and will stable coins have an impact on the growth of the cryptocurrency world or vice versa?
I can't imagine if there is a lot of stablecoin on one market and there will be other crypto pairs.
I can't imagine if there is a lot of stablecoin on one market and there will be other crypto pairs.
A stable coin can be used to pay for something and not be afraid that its price can change greatly in a short period of time. That's what Facebook needs. It will be much more convenient for them.
The advantage is that we can use stable coins to hold money on and when we want we can buy crypto coins with, but i think is risky to hold a lot of money on stable coins because if they are not backed up by real money they can drop.
Stablecoin is used for pegging crypto based currency to fiat currencies. So Facebook currency will be pegged to the USD and probably other fiat currencies.
Also stablecoin is mostly used by traders to protect their funds from cryptocurrency volatility.
Also stablecoin is mostly used by traders to protect their funds from cryptocurrency volatility.
I think the primary purpose of stable coins is to protect crypto holders from the effects of high volatility of cryptocurrency and thus making their investments more secure by providing it with a safe haven crypto. Though there has been debated and outstanding issues with regards to its nature, stable coins did have a very important use case in cryptoverse.
Stable coins are used to move crypto assets such as eth and xrp so that the value of fixed assets even though the market is bearish,
and for Facebook coins I don't know whether or not to set a coin or not.
and for Facebook coins I don't know whether or not to set a coin or not.
Perhaps the stability of the cryptocurrency, in the actual use process, more convenient for us to operate, more practical, BTC now slowly feel the replacement of gold status, there are storage functions, I hope that BTC can small transactions, increase operational.
BTC already allows you to make small transactions using the lightning network. in the future, we will all see that bitcoin can be used by a lot of ways and then many cryptocurrencies will simply go away 
Perhaps the stability of the cryptocurrency, in the actual use process, more convenient for us to operate, more practical, BTC now slowly feel the replacement of gold status, there are storage functions, I hope that BTC can small transactions, increase operational.
Honestly, stable coins only becomes useless because these are just centralized coin that they have a fixed release price that doesn't change. Stable coins are not that popular among the crypto community because they are centralized and only gives you a minimal amount of profit. Unlike bitcoin, ETH and Dencoins token that has a highly rate and well known.
Pls I'd like to be enlightened on the importance of stable coin in the crypto space... I hear Facebook coin will be a stable currency... what are the use of stable coins??
It may not be so much pointless for stable coins. We make a profit because the price of the coin has increased price. So the changes that happen to the coin and especially Bitcoin will have an impact on all the coins. If Facebook coins exist, I think the price will be threaded. And if it stabilizes it will be difficult because we see from this long already happening inside the market.
Pls I'd like to be enlightened on the importance of stable coin in the crypto space... I hear Facebook coin will be a stable currency... what are the use of stable coins??
the importance of stable coins for us as investors can to save coins as a safe thing to avoid losses, for example USDT stable coin prices and can be an alternative deposit such as gold.If Facebook coins can be like that, I think it's useful for safe deposit coin choices.
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