Basically they are assets that have the characteristics of stability in price and are suitable for mid and shorter investment. I have seen a couple of stable coins in the market and more others coming. It's a realky helpful idea for almost all persons in the Crypto world
Topic: What are stable coins? (Read 18286 times)
What are stable coins and why do we need them?
This is one topic that catch my attentions. I have this article about stable coins and they are attracting big league investors. Will quote some part of the article.
"stable coins are designed to keep their price fixed, making them immune to manipulation trading. It could be argued that price stability will help to bring about the mass adoption of cryptocurrencies, as they are seeming more reliable and, therefore, attractive to major financial players. The recent IBM deal — along with other investments mentioned in this article — partly confirm that assumption."
Three types of stable coins can be outlined, depending on the type of collateralization they entail.
1. Fiat-collateralized
2. Non-collateralized
3. Crypto-collateralized
To know more and read the detailed article. Pls chck this link.
https://cointelegraph.com/news/island-of-stability-stable-coins-keep-attracting-big-league-investors/amp
This is one topic that catch my attentions. I have this article about stable coins and they are attracting big league investors. Will quote some part of the article.
"stable coins are designed to keep their price fixed, making them immune to manipulation trading. It could be argued that price stability will help to bring about the mass adoption of cryptocurrencies, as they are seeming more reliable and, therefore, attractive to major financial players. The recent IBM deal — along with other investments mentioned in this article — partly confirm that assumption."
Three types of stable coins can be outlined, depending on the type of collateralization they entail.
1. Fiat-collateralized
2. Non-collateralized
3. Crypto-collateralized
To know more and read the detailed article. Pls chck this link.
https://cointelegraph.com/news/island-of-stability-stable-coins-keep-attracting-big-league-investors/amp
Some currencies offer ideas in their projects such as stability through products
For example, a wpp energy project gives a time schedule to stabilize its wpp token by linking the currency to the value of the product it will produce (HYDROGEN GAS (H2)
if they do, it will be a wonderful step and I will trust.
What are stable coins and why do we need them?
This is one topic that catch my attentions. I have this article about stable coins and they are attracting big league investors. Will quote some part of the article.
"stable coins are designed to keep their price fixed, making them immune to manipulation trading. It could be argued that price stability will help to bring about the mass adoption of cryptocurrencies, as they are seeming more reliable and, therefore, attractive to major financial players. The recent IBM deal — along with other investments mentioned in this article — partly confirm that assumption."
Three types of stable coins can be outlined, depending on the type of collateralization they entail.
1. Fiat-collateralized
2. Non-collateralized
3. Crypto-collateralized
To know more and read the detailed article. Pls chck this link.
https://cointelegraph.com/news/island-of-stability-stable-coins-keep-attracting-big-league-investors/amp
This is one topic that catch my attentions. I have this article about stable coins and they are attracting big league investors. Will quote some part of the article.
"stable coins are designed to keep their price fixed, making them immune to manipulation trading. It could be argued that price stability will help to bring about the mass adoption of cryptocurrencies, as they are seeming more reliable and, therefore, attractive to major financial players. The recent IBM deal — along with other investments mentioned in this article — partly confirm that assumption."
Three types of stable coins can be outlined, depending on the type of collateralization they entail.
1. Fiat-collateralized
2. Non-collateralized
3. Crypto-collateralized
To know more and read the detailed article. Pls chck this link.
https://cointelegraph.com/news/island-of-stability-stable-coins-keep-attracting-big-league-investors/amp
Some currencies offer ideas in their projects such as stability through products
For example, a wpp energy project gives a time schedule to stabilize its wpp token by linking the currency to the value of the product it will produce (HYDROGEN GAS (H2)
if they do, it will be a wonderful step and I will trust.
A “stable coin” is a cryptocurrency that is pegged to another stable asset, like gold or the U.S. dollar. It’s a currency that is global, but is not tied to a central bank and has low volatility. This allows for practical usage of using cryptocurrency like paying for things every single day.
Stable coins are those which are basically zero or a little volatile irrespective of the market price. One of the stable coin is like USDT which is very stable cryptocurrency and it is backed by USD. Also, some more stable coin which are also backed by Gold and their volatile occur in terms of Gold volatility.
Stability in cryptocurrencies is like stability in the stock market. It simply does not exist, there are huge amounts of money in the stock market, which today are trying to sway to make money, but not so much so as not to cripple the economies of countries.
the crypto market is not regulated by anyone and price movements can be said to be very unstable because it can change at any time. Regarding stable coins, there is always an attraction for fans such as altcoin investors, with fixed price movements that allow investors to invest in altcoins that have many users, because they tend not to go down and not go up, or price movements only at fixed
Stable coins are those crypto assets like usdt and dai that have stability and as for me it is something you should keep to buy crypto for lower price/ Don't avoid holding stable coins!
If I should answer to this topic from my understanding, stable coins are coins that have little difference in their price fluctuations, for instance, like Tether USD, it has some level of stability which I can refer to as a stable coin, and there maybe some other ones which I may not have mentioned though.
Closer to say as stable coin inside crypto market, but in some point of time Tether also lose some value against btc, but in most cases this coin is the most relevant in term of being stable while the market situation is still down, you can trade your crypto coin to this if you are planning to stay away for a while then be back after you are ready again to deal with the market.
true, if all coins are stable then we will find it difficult to search for trade too, it looks like coin stabilization will be difficult to develop and may be more suitable to convert
Not all currencies must be stable. It would be enough if two or three of the most powerful on the market. It would certainly have a good effect on the entire market. The rest can be used for speculative purposes until strengthen enough to achieve stabilization.
I don't know for sure, but as far as I know stable coins are coins made for people who prefer to invest more safely if you are good enough to save assets and profits, but in my opinion if everyone does, the transaction volume will be smaller and that can make Bitcoin lower.
If I should answer to this topic from my understanding, stable coins are coins that have little difference in their price fluctuations, for instance, like Tether USD, it has some level of stability which I can refer to as a stable coin, and there maybe some other ones which I may not have mentioned though.
Stable coins are usually tied to something, so they have no problems with growth or decline in the market, but not everyone is interested in such coins!
People are not interested on it as a currency but as a safe place to hide your money from the volatility of other altcoins and to use it to buy those coins whenever their price drop or sell if it rises enough.
Stable coins are usually tied to something, so they have no problems with growth or decline in the market, but not everyone is interested in such coins!
Stable acoins are my very best friend while trading, they help me to keep the value of my coins constant while the market is in a bearish session but once I see an uptrend, I quickly convert to a coin that would moon well, that is how I trade.
Well, for newbies, everyone needs to learn how to correctly determine the trend. This is usually the most common mistake. people think that this is the bull has started but this is false In the cryptocurrency market there are no stable coins, all assets are very unpredictable and their price constantly fluctuates in different directions. Today she can make you rich and tomorrow she can make you poor like you've never been. Invest in the right assets
Unless there is a proper and constant verification and audit of the reserves.
Let's take the example of EURS (euro stablecoin). Each EURS on blockchain is backed by 1 fiat euro. If the price will go down and will be less than one euro, investors will buy and them come to STASIS (stablecoin issuer) and redeem it for 1 euro. So, there will be arbitrage and the price will be pushed backed to 1. In case the price will be more than 1 euro for an EURS token, investors will buy it from STASIS and then sell it to the market and make profit.
In order to assure investors and holders that each EURS is backed by one euro, they provide three streams of verification. You can check them our here: https://stasis.net/transparency/
Stable acoins are my very best friend while trading, they help me to keep the value of my coins constant while the market is in a bearish session but once I see an uptrend, I quickly convert to a coin that would moon well, that is how I trade.
true, if all coins are stable then we will find it difficult to search for trade too, it looks like coin stabilization will be difficult to develop and may be more suitable to convert
There's no point to trade if all coins are stable.Just think of forex, each currency is also moving despite of its use as a local currency.
USDT is a stable coin.. But when do you use USDT coin? You use it only to convert your other coins temporarily, but no one holds USDT..
The number of people not holding USDT just indicates that market doesnt needs a stable coin - not right now atleast
true, if all coins are stable then we will find it difficult to search for trade too, it looks like coin stabilization will be difficult to develop and may be more suitable to convert The number of people not holding USDT just indicates that market doesnt needs a stable coin - not right now atleast
Here's a pretty useful list of all stablecoins with comparison chart:
https://coincodex.com/stablecoins/
https://coincodex.com/stablecoins/
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