Topic: The IRONY of Stable coins (Read 169 times)

I don't think that stable coin is in cryptocurrency.
We can see DOGE, RDD, NPXS which has billions of tokens but it's not stable.
Every day there is always an up and down for the price on the Exchange.

There are not really a lot of stable coins in the market but the only thing that they are good for is to hold your money through a bad market, the reason that so many people do not invest in them is because they do not possess the volatility required for investors to make a good amount of money from buying when the price of the coins are down and selling when they are up again.

Actually the coins are created merely to benefit the both sides from the fluctuations of the market prices the economy make it stable but for me it is likely impossible to become stable  the price through its dependence.

But some expert says that there are obvious high percentage of shitcoins than the stable one. So it means, this is a part of high risk business of course than you've expected. Be more accurate on searching a good one, there's still have a possibility of having a good profit if you got one.

Currently, around 2 billion people are living in countries that have inflation higher than 5% and/ or have political instability. Individuals living in these countries are seeing the money they have put aside to plan for their and their children’s future eaten away by inflation or taken away by untrusted counterparties.
 
This is the main reason to avoid "all-in" procedure due of high risk around this table ( crypto currency ). Its better to divide all your asset and do invest some here, but remember everything is possible it's either good or bad, sometimes both parties is present. Just don't fall again on those traps of untrusted damn project.

Actually the coins in the cryptocurrency are not stable
because it always fluctuates in the a market since it is dependent on the response of the demands of the public in the world market.

Actually coins are not stable all the time because of the sudden change of the number of the demand in the market
because the value of the coins is still depends to the law of the demand.

Hi Ghebung Masam,
Thanks for your comment.
AAA Reserve coin is available now from our website at www.AAAreserve.com and the price is displayed at all times on the net asset value (NAV) page. https://www.aaareserve.com/arc-nav
The coin will also soon be available on a number of exchanges with both ETH and BTC pairs but have held off on listing the coin too quickly to build up its user base to ensure liquidity.

On the tether comparison, while it is the most adopted and has the highest mkap there are major concerns within the crypto community in terms of its credibility and substantial lack of transparency. There has been a roller coaster of external audits being conducted and then not publicised or denied outside audits and conducting internal audits. Any centralised stable coins first priority should be trust and when consumers realise there is a reason tether is not releasing these audits, adoption should  fall. AAA conversally has the asset value regularly externally audited and all information is published on our website on the net asset value page.

Furthermore, as per the topic of the article AAA reserve is a totally different currency: USDT is pegged to USD and is supposedly (if what they are saying is true) is backed by USD 1-1 and AAA reserve as mentioned is backed by a basket of currencies and fixed income investments. Since AAA launched in January 2018 it has been 3 x more stable than USD.  https://medium.com/arc-blog/aaa-reserve-is-3x-more-stable-than-usd-5264ecaa4ea9

Both AAA reserve and USDT do have some different use cases and their own benefits and disadvantages, it's likely that there are 4 or 5 stable coin cryptocurrencies that achieve mass adoption.

Currently the market needs more stable coins for getting stability and mass adoption. AAA reserve provide provides a wide range of benefits to its customers. The AAA reserve stable coins has less volatility and will enable to accept fiat money.

Maximum coin of the crypto are fluctuated and recently almost all of them are decreasing their market value and that's why stable crypto are being popular recently.

It's the adoption that matters the most rather than technology while talking about a fiat fixed currency.
Where Tether is undoubtedly leading. True USD is also getting some attention.
When it comes to fiat based currency, they actually are supplement of each other and makes no sense to use different fiat based currency on the same exchange.

where can I buy AAA coins and what is the price?
I think the stable coin at the moment is tether or USDT, so is AAA better than USDT?

Stable crypto coin gain it's market because other fluctuated crypto are declining their market value.

There are many stable coin available in crypto world and recently they are become more popular and useful.

This is exciting news. The whole crypto market is too volatile right now. It’s high time we need a reliable and trust worthy stable coin for transactions. Besides, there is already a stable coin which is tether and recently they have launched more coins into the market worth $50 million. I hope adoption of AAA coin would be a suitable solution to the inflation.

There is currently massive excitement around stable coins and their application. With stable coins having the potential of performing the solutions that cryptocurrency was originally purposed with – an alternative store of value and medium of exchange.

In the case of most stable coins pegged to a single currency this is inherently ironic, these coins remain reliant on the central bank of said pegged currency and are still vulnerable to FX risk and inflation. So, in fact these coins values are not stable at all they are just as stable as the fiat they are pegged to- not quite the true manifest of crypto by taking the power back from the central banks through decentralization.

While these coins do have a large range of use-cases and will always have prominence in crypto they are not quite the world changers they are billed, by some, as.

However, some stable coins do deserve the hype. For instance, AAA Reserve coin is not pegged to any single currency. It is backed by a basket of the 6 largest currencies as per the tri-annual report from the Bank of international settlements and AAA rated fixed income investments making it the first real value stable coin, where inflation from the G10 countries over the past 10 years is tracked (plus a premium) and over the medium to long term the nominal value of the coin is manipulated via investment return to perform at (and slightly above) inflation, further detail can be located on the white papers on www.aaareserve.com.  

This will enable people to insulate themselves from the effects of inflation of their national currencies and in doing so gives it incomparable potential benefits.

Currently, around 2 billion people are living in countries that have inflation higher than 5% and/ or have political instability. Individuals living in these countries are seeing the money they have put aside to plan for their and their children’s future eaten away by inflation or taken away by untrusted counterparties.

Without a reliable currency and somewhere safe for people to store their savings, it is very difficult for people to provide for their families. Very often, individuals are suffering the consequences of the actions of others. AAA can enable people to have access to a stable, safe, transparent currency that can help them plan for their future and provide for their family.

The AAA reserve coin is live now and ready to both bridge the gap between fiat and cryptos and provide solutions to the most needy or anyone who doesn't like inflation!