Topic: Stablecoins and why the ecosystem needs them - page 2. (Read 355 times)
Stable coins is more on like USDT is probably the most stable coins in times where cryptocurrency is down. I learn that converting fiat currency to USDT is an ideal for it does not going to fall down where market price is stable. The best thing that we have this kind of crypto for next time market price fluctuation we can keep safe our money in a crypto like USDT.
actually, stable coin is not really needed, there are still many people who want coins to remain vulnerable and can also be used as a money-making tool, even though they eliminate the real function of the currency
if indeed the coin label is very valuable in the community, the adoption of USDT should exceed the adoption of BTC, because we know, the USDT moves based on the FIAT USD currency graph, which is a famous fiat currency with high stability
if indeed the coin label is very valuable in the community, the adoption of USDT should exceed the adoption of BTC, because we know, the USDT moves based on the FIAT USD currency graph, which is a famous fiat currency with high stability
I think this article brings up a good point about stablecoins and their position next to bitcoin: https://www.strictlycrypto.com/stablecoins-why-does-the-ecosystem-needs-them/
Thoughts?
I only find these stable coins as a safe haven for investors in times of market bloodbath. During the BCH fork, bitcoin and other alt coins were experiencing tremendous downfall good thing there are those stable coins that we could use to cut off our loss during market dips. Thoughts?
There are also professionals who are working online receiving crypto payments and it would be a benefit to both sides (the employer and the employee) to be using a stable coin as payment method.
I think stablecoins are good for investors in fonds, but we need some regulations of stablecoins.
all "stablecoins" are in the end just a form of banked coins with the goal to fail the 1:1 ratio without the holders noticing,
all stable coin issuers have secretly the goal to move slowly towards fractional reserve backing they dont admit it but thats how they all work
its today even sure that tether is not 1:1 Backed because the market isn't testing it out consequentially.
all stable coin issuers have secretly the goal to move slowly towards fractional reserve backing they dont admit it but thats how they all work
its today even sure that tether is not 1:1 Backed because the market isn't testing it out consequentially.
I don't think that stablecoins like tether can be 2nd in coinmarketcap they only use for trading purposes and it is not decentralized so there is a big chance if the tether is compromised it can be hack again just like what happened before.
Many investors and traders choose coins which I think that they can make a profit so if it's stable how could they make a profit? and honestly, I don't trust centralized coins because it's regulated and there is a big chance that all investors can be affected if the whole system is compromised compared to decentralized coins.
Stablecoins is only good for trading purposes since it's stable if the bitcoin is in the bear market we can safely store your money in stablecoins for the meantime while the price of crypto is in the bear market.
Many investors and traders choose coins which I think that they can make a profit so if it's stable how could they make a profit? and honestly, I don't trust centralized coins because it's regulated and there is a big chance that all investors can be affected if the whole system is compromised compared to decentralized coins.
Stablecoins is only good for trading purposes since it's stable if the bitcoin is in the bear market we can safely store your money in stablecoins for the meantime while the price of crypto is in the bear market.
I think this article brings up a good point about stablecoins and their position next to bitcoin: https://www.strictlycrypto.com/stablecoins-why-does-the-ecosystem-needs-them/
Thoughts?
Thoughts?
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