Whether you're bullish or not with a stable coin, that doesn't make sense. The price is stable and whether there's a high liquidity on it, the price remains the same and stable.
CBDC will be the rival of stable coins but the government will introduce it for people to trust it rather than the stable coins.
Topic: Will stablecoin be the next flashpoint In the cryptocurrency world? (Read 221 times)
May 02, 2021, 05:07:55 AM
~
This too. I am quite confused what OP meant "bullish" in stablecoins.I mean I can use that when I trade, but I don't think it is worth the hodl because it is, of course, stable. There's no price movement. Just your US Dollar in crypto terminology.
USDT is a way to prevent losing value if and only if the price of that coin drops that it is denominated in. There is only one way to say I am bullish on stable coins: that is when you are the provider of stable coins and take a cut, but I doubt he is a provider of a stable coin that is accepted widely in the market.
I am not sure if Tether charges a tiny cut for the usage of their USDT? Or if exchanges share their trading cut with Tether provider.
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
April 28, 2021, 10:26:32 AM
~
This too. I am quite confused what OP meant "bullish" in stablecoins.I mean I can use that when I trade, but I don't think it is worth the hodl because it is, of course, stable. There's no price movement. Just your US Dollar in crypto terminology.
April 28, 2021, 07:25:59 AM
We know that BUSD, USDC, DAI and USDT this all is Stablecoin on Crypto Market. But USDT is most useful stable coin on market. I think 90% Crypto worker use usdt as a stable coin and also USDT available on all crypo exchange.
April 28, 2021, 07:20:36 AM
~
This too. I am quite confused what OP meant "bullish" in stablecoins.I mean I can use that when I trade, but I don't think it is worth the hodl because it is, of course, stable. There's no price movement. Just your US Dollar in crypto terminology.
April 28, 2021, 06:40:30 AM
The best solution for the market would be to use decentralized stablecoins such as DAI and USDJ. But if you look at the capitalization of these coins, it becomes obvious that decentralized stablecoins are still little used. And this is due to the fact that many do not understand the advantages of using decentralized stablecoins over centralized ones.
April 28, 2021, 06:08:54 AM
Stablecoin is not only a means of payment in cryptocurrency, but also a bridge between the financial property and the use property of the token.
The biggest stablecoin is the USDT for Tether, but I'm not bullish on it because it doesn't have a real entity.
The most successful one in my opinion so far is DAI, but it still has a lot of problems. I expect to see stablecoin with different solutions.
Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.
Stable coins can be never bullish, because the name itself has reason for it, the price will be stable all the time but it has the risk of losing its value to zero at any time. Digital fiat money is better than stable coins. The biggest stablecoin is the USDT for Tether, but I'm not bullish on it because it doesn't have a real entity.
The most successful one in my opinion so far is DAI, but it still has a lot of problems. I expect to see stablecoin with different solutions.
Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.
April 28, 2021, 04:54:00 AM
Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.
What kind of innovation that you have observed with standard protocol? I am continuously seeing many of this forum members lately started shilling for standard protocol but unfortunately I could not find time to do my due diligence on this yet.Let's discuss with anyone who is also concerned about stablecoin.
I am not seeing any possible innovation for a stablecoin but most devs are forgetting how a stablecoin should be. It needs to be having proper reserve back up; it means it should be easily liquidated at any time on demand. This way I am seeing tether is already performing well and I am not seeing it is heavily fluctuating hence I guess there cannot be any more innovation on stablecoin sector possible.
April 28, 2021, 04:44:41 AM
but now they extend to 19th/April, officail announcement said the reason to delay is because of excessive participant. you could find them on Polksastarter.
Is it 19 may or april? There are lots of people wanna get into the POLKA IDO. Myfriend was able joining in the polka ido and he was getting more than 50x in short time.
I don't know why people are putting very big expectation to the standard protocol even that's was another stable coin? if that was fully backed by USD and is not it the price will be equally with the fiat money.
It's pretty interesting to see where this project will be going on.
BTW they have IEO today on Gate.io, opening price is 0.25U, i think the price will be reach 3U when secondary markets opened.
I don't know how big this will become. Stablecoins are an important part of the ecosystem, but it depends on the specific stable coin. I prefer algorithmic stablecoins which are decentralized. It is harder to implement them and keep them stable, but they can become very robust if they achieve a reasonable scale. You don't ned collateral and you are not dependent on a centralized organization.
April 28, 2021, 03:37:32 AM
but now they extend to 19th/April, officail announcement said the reason to delay is because of excessive participant. you could find them on Polksastarter.
Is it 19 may or april? There are lots of people wanna get into the POLKA IDO. Myfriend was able joining in the polka ido and he was getting more than 50x in short time.
I don't know why people are putting very big expectation to the standard protocol even that's was another stable coin? if that was fully backed by USD and is not it the price will be equally with the fiat money.
It's pretty interesting to see where this project will be going on.
BTW they have IEO today on Gate.io, opening price is 0.25U, i think the price will be reach 3U when secondary markets opened.
April 27, 2021, 07:22:18 PM
but now they extend to 19th/April, officail announcement said the reason to delay is because of excessive participant. you could find them on Polksastarter.
Is it 19 may or april? There are lots of people wanna get into the POLKA IDO. Myfriend was able joining in the polka ido and he was getting more than 50x in short time.
I don't know why people are putting very big expectation to the standard protocol even that's was another stable coin? if that was fully backed by USD and is not it the price will be equally with the fiat money.
It's pretty interesting to see where this project will be going on.
April 27, 2021, 04:22:04 PM
Stablecoin is not only a means of payment in cryptocurrency, but also a bridge between the financial property and the use property of the token.
The biggest stablecoin is the USDT for Tether, but I'm not bullish on it because it doesn't have a real entity.
The most successful one in my opinion so far is DAI, but it still has a lot of problems. I expect to see stablecoin with different solutions.
Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.
The biggest stablecoin is the USDT for Tether, but I'm not bullish on it because it doesn't have a real entity.
The most successful one in my opinion so far is DAI, but it still has a lot of problems. I expect to see stablecoin with different solutions.
Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.
How can someone be bullish on a stablecoin? I mean you don't use them as an investment and hope that they increase in value because as their names already say their price is stable. So their main use is, at least for me, to store you value safely, if you don't want to use it for a while and still don't want it to transfer into real FIAT yet.
As for which stable coins is the best. USDT is still the biggest so far but it has always this rumours surrounding it, that i may be not backed by real USD 1to1 anymore because the company made irritating statements a while ago, so many think that USDC is more secure for example.
April 25, 2021, 04:19:10 AM
for sure the stable coin is the next
but standard just closed the whitelist ，
I will try on the next week IDO on Porkstater on 29th-April
anyone come to the IDO with me ?？
April 25, 2021, 03:49:56 AM
for sure the stable coin is the next
but standard just closed the whitelist ，
I will try on the next week IDO on Porkstater on 29th-April
anyone come to the IDO with me ?？
April 24, 2021, 03:46:23 AM
I never thought that stable coins will become more popular and become the cryptocurrency in the future that many crypto investors will choose.
I think this idea will be implemented in several countries to reduce the supply of fiat currency in circulation, cryptocurrency is decentralized and nobody controls this financial system, so stable coins can still be controlled and stable coin prices can change due to political elements and many other.
I think this idea will be implemented in several countries to reduce the supply of fiat currency in circulation, cryptocurrency is decentralized and nobody controls this financial system, so stable coins can still be controlled and stable coin prices can change due to political elements and many other.
April 23, 2021, 11:14:12 PM
for sure the stable coin is the next
but standard just closed the whitelist ，
I will try on the next week IDO on Porkstater on 29th-April
anyone come to the IDO with me ?？
April 22, 2021, 08:04:48 AM
Stable coin is perferably good for banks to implement the use of cryptocurrencies in the ecosystem, the purpose of stablecoin was created to maintain the stability of your funds when they market is against the mass of traders, most of the bigger crypto companies had used it to reduce the loss of funds, because companies uses large amount of funds.
On absolutely every information platform, I hear about stablecoin. Many, also my friends, are already making money on this. But as elsewhere, there are risks there too. And you can not only not make money, but also lose
Stablecoins are not used for making money, you can only get it through trading or performing some sort of task for company to receive payments in USDT. 
April 22, 2021, 07:03:31 AM
On absolutely every information platform, I hear about stablecoin. Many, also my friends, are already making money on this. But as elsewhere, there are risks there too. And you can not only not make money, but also lose
April 20, 2021, 09:55:52 PM
Stablecoin is not only a means of payment in cryptocurrency, but also a bridge between the financial property and the use property of the token.
The biggest stablecoin is the USDT for Tether, but I'm not bullish on it because it doesn't have a real entity.
The most successful one in my opinion so far is DAI, but it still has a lot of problems. I expect to see stablecoin with different solutions.
Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.
The biggest stablecoin is the USDT for Tether, but I'm not bullish on it because it doesn't have a real entity.
The most successful one in my opinion so far is DAI, but it still has a lot of problems. I expect to see stablecoin with different solutions.
Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.
I dont know much about stablecoin and is interested to know more. What is so special about Standard Protocol? I have seen at lest 5 people recommend it to me.
April 20, 2021, 05:40:06 AM
Stablecoin is not only a means of payment in cryptocurrency, but also a bridge between the financial property and the use property of the token.
The biggest stablecoin is the USDT for Tether, but I'm not bullish on it because it doesn't have a real entity.
The most successful one in my opinion so far is DAI, but it still has a lot of problems. I expect to see stablecoin with different solutions.
Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.
The biggest stablecoin is the USDT for Tether, but I'm not bullish on it because it doesn't have a real entity.
The most successful one in my opinion so far is DAI, but it still has a lot of problems. I expect to see stablecoin with different solutions.
Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.
How can someone be bullish on a stablecoin? I mean you don't use them as an investment and hope that they increase in value because as their names already say their price is stable. So their main use is, at least for me, to store you value safely, if you don't want to use it for a while and still don't want it to transfer into real FIAT yet.
As for which stable coins is the best. USDT is still the biggest so far but it has always this rumours surrounding it, that i may be not backed by real USD 1to1 anymore because the company made irritating statements a while ago, so many think that USDC is more secure for example.
Jump to: