Topic: Stable coin - page 3. (Read 749 times)
Stable coins can be used only for trading, right now I don't know any other ways to use stable coins
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??
I trade crypto coins every day. By utilizing price changes in a coin that every day happens to generate profit. But if this coin of Facebook will be a stable coin will certainly be very difficult to generate profit. And it will be difficult to attract the attention of investors because of the absence of developments in the coin.
Stable coins are not exposed to price volatility like other coins such as Bitcoin and Ethereum. Therefore the price of your stable coin holdings will remain same anytime.
One important use case of stable coins is that you can enjoy to keeping your wealth in the the digital form instead of traditional fiat money in the form of physical cash without exposing to any change of your wealth. This means, you don't have to keep them in a safe locker or bank or any other physical location.
Another use case of stable coins is that it can be used for trading. In a bear market/trend, value of regular cryptocurrency such as Bitcoin goes down against traditional fiat currency. Therefore, keeping your digital currency in the form of stable coin which is pegged to USD or EUR will help you to not to become unprofitable in a bear market.
One important use case of stable coins is that you can enjoy to keeping your wealth in the the digital form instead of traditional fiat money in the form of physical cash without exposing to any change of your wealth. This means, you don't have to keep them in a safe locker or bank or any other physical location.
Another use case of stable coins is that it can be used for trading. In a bear market/trend, value of regular cryptocurrency such as Bitcoin goes down against traditional fiat currency. Therefore, keeping your digital currency in the form of stable coin which is pegged to USD or EUR will help you to not to become unprofitable in a bear 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??
For a business that is very stable in the stock market, they will certainly not want their prices manipulated in the crypto market. That's the first reason.The second reason is that they just want to establish relationships with many businesses and want to pay more easily with advertising costs and many other services.
they will also have their own strategies to earn more revenue in the crypto market. and the US economy has risen again thanks to Facebook.
The advantage of stable coin to me is that price fluctuations do not affect it like it does to the entire market. Stable coins are pegged to FIAT currencies like USDT, TUSD, USDC pegged to USD, so 1USDT for instance is approximately 1usd, there might be slight fluctuations but almost negligible. Facebook coin will be a stable coin to ensure the volatility of crypto market doesn't affect it.
I do not like stable coins it is not usually giving to me a nice good profit because their prices is minimal to increase in the crypto market usually it is using for trading most of the time that stable coins, maybe stable coins was also good for long term.
Stable coins are generally used to hedge your fund. It may be during the bearish or bullish time. Say you think price of a coin will be decreased, you traded that coin for a stable coin. The same when a coin's price increase a little you can hedge your coin with a stable coin.
Based on personal experience, I used it to hedge my self from losing, especially when the price is falling.
We certainly have a lot of stable coins in the market, facebook coin would only be one of the many, but probably the biggest.
It was not launch yet, so we cannot tell what's its purpose really.
I'd like to share this article I just found, you can read it as it exchanges what is stable coin.
https://cryptocurrencyfacts.com/what-is-a-stable-coin/
We certainly have a lot of stable coins in the market, facebook coin would only be one of the many, but probably the biggest.
It was not launch yet, so we cannot tell what's its purpose really.
I'd like to share this article I just found, you can read it as it exchanges what is stable coin.
https://cryptocurrencyfacts.com/what-is-a-stable-coin/
stable coins price are fixed. if you want to invest then stable coins are not a good choice. they can be use in trading but you won't get profit from it.
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??
They are useless, honestly stable coins are just centralized coin that they have a fixed release price that doesn't change, and it is created for the reason to be used on a specific platform, like what is happening with facebook, they are creating the new coin GlobalCoin in 2020 that is going to be used on Instagram, whatsup and Facebook, stable coins are not that popular among the crypto community because they are centralized and have no profit from them.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??
Facebook will not have a stable coin. The course should be linked to: dollar, euro, bitcoin. Ordinary money is also not stable, since it is subject to inflation. The most stable at the moment - bitcoin, although sometimes it falls very low. But you can only earn on it.
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??
In the crypto space, they are useful for exchanges that don't deal with fiat. Also useful when trading, as it can be quicker to send crypto than cash.
As for Facebook, don't know exactly how they plan to use it. I expect to buy something they'll benefit from. There won't really be investment potential with it, unless they institute some sort of rewards system. But then they may be getting into securities territory, so I expect that won't happen.
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??
They are useless, honestly stable coins are just centralized coin that they have a fixed release price that doesn't change, and it is created for the reason to be used on a specific platform, like what is happening with facebook, they are creating the new coin GlobalCoin in 2020 that is going to be used on Instagram, whatsup and Facebook, stable coins are not that popular among the crypto community because they are centralized and have no profit from them. 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??
Use of stable coins? Hmm??? I don't see any use for the stable coin other than for trading purpose.Didn't know much about facebook coin,if it is real then better to avoid on these kind of centralized crypto currency which have stable or volatile value.
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??
Stable coin's price would be fixed with any fiat currency in circulation. It would make it's price highly stable. Being stable in price, users can anytime convert it into fiat of vice versa without have to deal with the exchange rates.
As for why do we need stablecoin, fiat currency is troublesome to transact digitally and moreover troublesome to transact internationally. One of the reasons facebook is having trouble getting advertisement is the payment processor integrated in it are not supported worldwide.
The current basic use of most stable coins in the crypto ecosystem is trading them against other cryptocurrencies like Ethereum and Bitcoin. Due to how stable they are, most crypto traders prefer trading other coins with stable coins.
Well, for example, traders use stable coins as a tool for trading. It is one of the possible applications of stable coins.
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??
I just see stable coin as the name implies, coins that are stable at a particular price, apart from this I don't think there is any investment attachment to any stable coin in existence since the price is static and doesn't fluctuate like that of Bitcoin and other cryptocurrency, the only good thing about stable coins is that you can use them in place of fiat and not get monitored by any government body or individual making it easier to use in any part of the world, no kyc is required for any reason whatsoever.
Stablecoins is a coin where they were not pretended to pump or dump the coins, so it would be more stable for its price just like usdt and usds and much others.
Stable coins in my opinion are none investment coins, because they are said to have fixed prices and are just used to fix the price of one's portfolio without increase or decrease in value of price.
It has t's own advantages as well as disadvantages. You should not expect profit by investing in a stable coin. expect in special cases where dividends are given to its holders.
It has t's own advantages as well as disadvantages. You should not expect profit by investing in a stable coin. expect in special cases where dividends are given to its holders.
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