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Topic: 💲💲 Stable Coins?? 💲💲 - page 7. (Read 1812 times)

full member
Activity: 756
Merit: 101
Oikos.cash | Decentralized Finance on Tron
July 19, 2019, 07:59:30 AM
#22
I would never use stable coin because those are backed by centralized parties. Those projects may have a huge deflation within a day if something wrong goes on. I don't like any of the stable coin you listed above.
but the use of stable coins is necessary if you are trading on the exchange. you can avoid using them only if you are a long-term investor
legendary
Activity: 2450
Merit: 1140
duelbits.com
July 19, 2019, 05:27:19 PM
#22
I am not holding any stable coins right now. But when I have a plan to hold one of the stable coins, I prefer to choose Tether or True USD. I am quite familiar with those stable coins even if I am not holding them. They are the most famous stable coins and listed on my local exchange, indodax.

~snip~ What do you think about facebook's Libra coin? ~snip~

You are better to post it on a new thread, mate. Because it is a new topic and no correlation with the title.
legendary
Activity: 2212
Merit: 7064
July 19, 2019, 05:08:36 PM
#21
Thank you guys for your feedback!

What do you think about facebook's Libra coin?

We know it is 100% centralised and backed with all the big players.


I am posting part of CoinGecko report.
Full link here:
https://assets.coingecko.com/reports/2019-Q2-Report/CoinGecko-2019-Q2-Report.pdf








Dont forget to VOTE
hero member
Activity: 1274
Merit: 500
Proof-of-Stake Blockchain Network
July 19, 2019, 06:55:48 AM
#20
I have only traded in usdt but due to some transparency issues now im thinking to use usdc more because it is backed by reputed firms like coinbase etc. While Libra can become first choice but we will have to wait and see how they launch and what will be the level of compliance.
I do not think that LIbra will be launched very soon. I think it will take a few years to implement this coin. but at that moment you can use USDT / USDC
legendary
Activity: 3052
Merit: 1188
July 19, 2019, 11:25:56 AM
#20
I honestly use USDT but unwillingly. I need to cash out time to time and I do not want to put them all into cash in my bank account, I want them to be cash but also stay on the exchange as well and that can only happen with USDT for now, there are some other ones but the biggest volume is on the USDT so if I use that it makes my life easier.

Even though I hate them and even though I want them to fail and everyone to show how crooked those tether dudes are, I also really need them. I hope one day something a lot more legit is created and used everywhere, there are plenty of stable coins out there but none of them have the volume of USDT and that seems to be the issue for me, I wish other stuff like USDC would get more attention and volume so we can all switch to that instead.
sr. member
Activity: 1624
Merit: 250
July 19, 2019, 06:33:51 AM
#19
I do not think stable coins are as good as they sound. I may have used it 1-2 times already, but I have decided not to use it for a long time, and I am still keeping my promise. Compared to paper money, stable coins so risky. Even some of them have gained value from the air, and not based on anything.
sr. member
Activity: 1176
Merit: 265
July 19, 2019, 09:24:18 AM
#19
As you can see, crypto backed stable assets are not pretty stable or trustworthy in time of bear market because you need more and more cryptocurrencies, but they will be again very popular in bull market and I would not be surprised if they surpasse fiat backed stable assets.  Cool
copper member
Activity: 714
Merit: 5
July 19, 2019, 09:20:46 AM
#18
I am currently using USDT, although this currency is in constant trouble but it is currently used by many trading platforms and has the largest trading volume.
sr. member
Activity: 1162
Merit: 252
July 19, 2019, 09:15:23 AM
#17
for now I use usdc more often because the problem of fees that are quite affordable for tether can also be that I only use tether if I make a large amount of transactions because the transfer fee can be said to be quite expensive
full member
Activity: 770
Merit: 101
July 19, 2019, 05:56:27 AM
#16
I think I will be loyal to Tether and do not want to use other stablecoins. Because in my country, intermediary exchange only accepts Tether, Bitcoin, ETH, Bitcoin Cash, Litecoin exchanges.
I have very few choices. What I don't like about Tether is that it hasn't updated the ERC-20 platform at some exchanges and the transaction fee is still very high.
member
Activity: 308
Merit: 10
Bitcoin is the future
July 19, 2019, 08:01:50 AM
#16
I use tether, maybe because it is the first stable coin I heard of. I'll try using others too, stable coin have been a life saver for me during downtrend
legendary
Activity: 2268
Merit: 2327
Marketing Campaign Manager |Telegram ID- @LT_Mouse
July 19, 2019, 07:48:01 AM
#15
I would never use stable coin because those are backed by centralized parties. Those projects may have a huge deflation within a day if something wrong goes on. I don't like any of the stable coin you listed above.
sr. member
Activity: 1442
Merit: 265
July 19, 2019, 06:20:15 AM
#14
I have only traded in usdt but due to some transparency issues now im thinking to use usdc more because it is backed by reputed firms like coinbase etc. While Libra can become first choice but we will have to wait and see how they launch and what will be the level of compliance.
full member
Activity: 794
Merit: 100
July 19, 2019, 05:05:49 AM
#13
I try not to deal with any stable coin. USDT do not trust because there are so many scanners. I am looking for an exchange where the USD is traded and it retains a part of the profit. Feeling that PAX coins are really backed up by the dollar. But I can not say whether this is true or not.
member
Activity: 742
Merit: 19
July 19, 2019, 06:17:35 AM
#13
I use Tether because it is the popular stable in the crypto market and every exchange has USDT trading pairs. Another thing is most coins have USDT trading pairs in the exchange. It will be helped to trading coins.
sr. member
Activity: 1428
Merit: 250
July 19, 2019, 05:17:37 AM
#12
I think cryptocurrency not can stablecoin, because it's always vulnerable, some of major coins used by many ways as a payment gateway or buy/sell other cryptocurrencies! but bitcoin ethereum is most powerful and demanded coin in market for their popularity publicity and contacts.
jr. member
Activity: 256
Merit: 2
July 19, 2019, 05:13:54 AM
#11
What Stable coins you like and use?

Please write your experiences, advantages and reasons you use or don't use them.







I chose to use USDT because it was created 5 years ago. In terms of technology, it has been extended to ERC20 platform. Transaction fees are low, transaction speed is fast and that's what I need in this currency.
full member
Activity: 868
Merit: 106
July 19, 2019, 05:02:28 AM
#10
coin stable has its own uniqueness, which can be a long-term investment in the form of crypto. I see Tusd has very high stability with USD, I think now we can switch to saving money in the bank in the form of Crypto.
sr. member
Activity: 516
Merit: 250
MoonDeFi
July 19, 2019, 02:21:35 AM
#9
tether has always used, never failed, though they say that it is connected with the bittrex exchange and some investigation is underway
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
July 19, 2019, 04:48:49 AM
#9
I prefer to use TrueUSD and Tether although I don't use it to sending the coins, and I only use it for temporary and saving the funds in the exchange. If I save both coins TrueUSD and Tether, I always convert it back to bitcoin when bitcoin price is down so I can get more bitcoin and I can hold it for a while until the bitcoin price increases.
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