who will be the king of all stable coin

Fivestar4everMVP

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Quote from: kanmo on May 06, 2021, 11:39:03 AM

Stablecoin is not a new idea in the Crypto space. There has been stablecoins such as USDT, USDC, TUSD and the likes but most of the mentioned stablecoins have their own shortcomings. I stumbled on Standard protocol lately and I see that they are here to revolutionalize the stablecoin world by introducing the first rebasable stablecoin. I have the feeling that this coin will become the king of all stablecoins in the future. I would love to see your opinion on this guys.

My first time reading about standard protocol, but speaking of which stablecoin will be the king in the future, better to say the future will tell, but I've always been a fan of usdt, I mean almost everybody uses usdt and it's cross platform which also makes it very flexible, you can find usdt on erc20 network and usdt on tron(TRC20) network, it can also be found on omni network and a host of others, though some people do have one or two reservations on usdt, I believe theres no tech out there that doesn't have one or two shortcomings, like one or two person must complain about one or two things which they don't like.
So for me, usdt is the king for now, the future will tell which will rule over them all.

Tellek Garing

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It doesn't really matter who will be the king of stablecoin because stablecoin are only a bridge when securing assets when there is a bloodbath, USDT is still the king and is still trusted by everyone, that's because USDT is in all exchanges.

rahmathidayat93

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Quote from: DU18 on May 06, 2021, 01:16:57 PM

I personally believe more that currently usdt is the king of the existing stable coins, apart from being one of the first stable coins, of course usdt also has strong fundamentals so that it becomes a bridge between fiat currency and cryptocurrency and offers stability, transparency, and transaction costs minimal to users, and of course usdt is an alternative storage of value because it is based on USD with a 1: 1 ratio for its value.

Yes, and not only that, USDT is also widely used by all exchanges in terms of token and coin pairing, so everyone can see that USDT has multiple pairs with old tokens and new tokens in the cryptocurrency space.

Bilgent

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I like USDT and BUSD both actually and I think they are both the most trustworthy stablecoins. And I keep money in them both. I trust BUSD a little more than USDT though. Grin

Binance exchange is a big factor about my thinking.

Ezravdb

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Quote from: kanmo on May 06, 2021, 11:39:03 AM

Stablecoin is not a new idea in the Crypto space. There has been stablecoins such as USDT, USDC, TUSD and the likes but most of the mentioned stablecoins have their own shortcomings. I stumbled on Standard protocol lately and I see that they are here to revolutionalize the stablecoin world by introducing the first rebasable stablecoin. I have the feeling that this coin will become the king of all stablecoins in the future. I would love to see your opinion on this guys.

USDT / BUSD is a stablecoin that has a large capitalization on Coinmarketcap, usdt is currently the king as the most used stablecoin by crypto users. The main reason that USDT is becoming the king of stablecoins is because almost every exchange has USDT pairs. There are no new stablecoins projects that can compete with the usdt dan busd.

mr.robot8

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let's say that the king of the stable coin is usdt i think it has the greatest diffusion and the highest volumes in the various exchanges and as a catchment area, as a second place i would put dai and busd on an equal footing

ijeb

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There is no chance for any centralized stable coin to rule the future but at this point of time you can trust some.
As you probably remember, USDT was accused not long for issuing assets worth $35.2 billion while liabilities in digital stablecoin issuance was $35 billion and recently they got audited by an independent auditor Moore Cayman that stated:

Tether is backed by “cash and cash equivalents” of more than 100% of its liabilities.

So for now there is some trust in those.

mu_enrico

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The USD FEDERAL RESERVE COIN (abbreviated as UFC) Grin

It's only a matter of time before they will use blockchain technology (or similar tech) to create their own stable coin. Tether et al., is just a money laundering organization IMO, nothing serious.

DaMut

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is it really important to know which one between them will be the king considering their usage as stablecoin?
even if USDC becomes the king it will not be able to stop USDT from minting the coin as their wish, it applies to other stablecoins too.
what is more important is, which one between those that can create a new environment in DeFi, so far none of them though.

hamba laeh

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Quote from: ryzaadit on May 06, 2021, 12:30:33 PM

Off course not Tether ~XD

BUSD now become famous the capitalization growing crazy, with the offer transaction without any fee at all on "BSC" chain this also one of the promotion of Binance products especially backed assets "BUSD". Well, anyway I believe everyone not really care about this type topic because they look stablecoin not really important at all since the asset don't have volatility always 1:1.

yes, I totally agree with you. That BUSD is a stable coin that will be the king of all stable coins. because currently those supported by Binance will get more attention than the use of other platforms among crypto users and investors.Let's see in the future, whether USDT or BUSD are really stable coins that can be the best.

blockman

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Do we need to have such? we have different preferred stable coins and I think the promising one is the one that Binance owns.
It's the BUSD.

Quote from: ILuckyGuyI on May 06, 2021, 01:38:31 PM

I think that the king of all stable coins is already BUSD. It's much more credible because of being backed by Binance. It doesn't have fees also which is one of the factors that makes it attracting.

The same thought but I'd like to remove the title king but instead use and say as preferred.

ILuckyGuyI

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I think that the king of all stable coins is already BUSD. It's much more credible because of being backed by Binance. It doesn't have fees also which is one of the factors that makes it attracting.

mrjoy15

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Fact is, those mentioned coin have their place. Among all others USDT take the first position as a stable coin, it's controversial stable coin in the market. Simple Tether's ability to print USDT will solve the shortage, seems like they don't care any regulatory threats. They have the strong position, thinking about other stable coin make not any sense. Nowadays, BUSD become popular now. I try to use because it has zero fees.

airdata

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Actually i haven’t any idea that which stablecoin is king on the Market. Usdt, Usdc, Busd, Dai etc is Stable coin on the Crypto Market. But we know that USDT is most popular and Useful Crypto currency in the Market. 99% people used Usdt fiat currency for their Portfolio.

Jackl87

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Quote from: kanmo on May 06, 2021, 11:39:03 AM

Stablecoin is not a new idea in the Crypto space. There has been stablecoins such as USDT, USDC, TUSD and the likes but most of the mentioned stablecoins have their own shortcomings. I stumbled on Standard protocol lately and I see that they are here to revolutionalize the stablecoin world by introducing the first rebasable stablecoin. I have the feeling that this coin will become the king of all stablecoins in the future. I would love to see your opinion on this guys.

I have the feeling that USDC is becoming more and more the king of the already established stable coins. Just like USDT you can swap them from the ETH-Network to the BSC-Network and use it there too. USDT has the problem, that users can't be sure that every USDT that is minted is still backed by a real USD because the USDT team made some unclear and evasive statements about that in the recent months and years. USDC on the other hand is part of coinbase and coinbase is audited regularly by the authorities therefore it should be safer.

DU18

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Quote from: kanmo on May 06, 2021, 11:39:03 AM

Stablecoin is not a new idea in the Crypto space. There has been stablecoins such as USDT, USDC, TUSD and the likes but most of the mentioned stablecoins have their own shortcomings. I stumbled on Standard protocol lately and I see that they are here to revolutionalize the stablecoin world by introducing the first rebasable stablecoin. I have the feeling that this coin will become the king of all stablecoins in the future. I would love to see your opinion on this guys.

I personally believe more that currently usdt is the king of the existing stable coins, apart from being one of the first stable coins, of course usdt also has strong fundamentals so that it becomes a bridge between fiat currency and cryptocurrency and offers stability, transparency, and transaction costs minimal to users, and of course usdt is an alternative storage of value because it is based on USD with a 1: 1 ratio for its value.

Princejebs

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Quote from: kanmo on May 06, 2021, 11:39:03 AM

Stablecoin is not a new idea in the Crypto space. There has been stablecoins such as USDT, USDC, TUSD and the likes but most of the mentioned stablecoins have their own shortcomings. I stumbled on Standard protocol lately and I see that they are here to revolutionalize the stablecoin world by introducing the first rebasable stablecoin. I have the feeling that this coin will become the king of all stablecoins in the future. I would love to see your opinion on this guys.

I don't really care about who will be the king or whatsoever. My priority remains security and audit and so far, usdt has claimed to be the most used stable coin globally even in some of the largest exchange by volumes. Binance, Okex, Kucoin, etcetera all used them as currency to stabilize ones holding.
Though, there are some issues and allegations usdt company and bittrex exchange has faced but now its been cleared.
I prefer usdt though not to be hold for long term because market situation changes as well government regulations.

ryzaadit

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Off course not Tether ~XD

BUSD now become famous the capitalization growing crazy, with the offer transaction without any fee at all on "BSC" chain this also one of the promotion of Binance products especially backed assets "BUSD". Well, anyway I believe everyone not really care about this type topic because they look stablecoin not really important at all since the asset don't have volatility always 1:1.

herurist

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I prefer to hold Stablecoin on a certain exchange, for example on Binance. You will find stable coins that are diverse and not centralized just for USDT and USDC. because basically all will be kings based on high market capitalists. From time to time, Stablecoin will experience serious problems, such as USDT which is considered too manipulating with certain companies to become Stablecoin whose value is spread across the market.

jrrsparkles

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Unique idea but much more similar idea like what DAI stable coin is doing, but this standard protocol is running on omni layer which is good but it can be the king?

Only time will tell us.

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