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Topic: Will stablecoins be the future of cryptocurrency? (Read 1388 times)

hero member
Activity: 1652
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People use stable coins for sure only to maintain their value. And for payment it is certainly very suitable, because the value is not volatile like bitcoin. So that for payment it is suitable for payment. Actually coins are stable in crypto as well as fiat $$$.
When the market crashes, investors or traders will keep their assets on a stable coin because this is a safe way to save assets from slumping, therefore stablecoin becomes much sought after when the market is down and indeed in terms of payment many use stablecoin.

Exactly, that's the strategy of a safe and secure option to avoid loss. And yes stable coins are mainly to minimize the volatility of the price, when crypto market goes bad stable coin is a safe haven.

And yes you can transfer funds between wallets and exchanges if you invest in stable coins. And the most important thing is the profit of any investment is depend only on the popularity and adaptability of coin.
sr. member
Activity: 1498
Merit: 251
KUWA.ai
People use stable coins for sure only to maintain their value. And for payment it is certainly very suitable, because the value is not volatile like bitcoin. So that for payment it is suitable for payment. Actually coins are stable in crypto as well as fiat $$$.
That means the merchant that used stable coin can avoid the volatility in the market and this is the main role of stable coin. The creation of stable has already dedicated to be an alternative coin that has stable value.
FYI stable coin and fiat are not 100% the same as we have seen tether can go down even it was a stable coin.
sr. member
Activity: 2268
Merit: 275
People use stable coins for sure only to maintain their value. And for payment it is certainly very suitable, because the value is not volatile like bitcoin. So that for payment it is suitable for payment. Actually coins are stable in crypto as well as fiat $$$.
When the market crashes, investors or traders will keep their assets on a stable coin because this is a safe way to save assets from slumping, therefore stablecoin becomes much sought after when the market is down and indeed in terms of payment many use stablecoin.
sr. member
Activity: 1316
Merit: 254
United Crowd
Yes, Stablecoin is a legal and safe digital currency, because it can be used like other currencies for trading. simplify international payments, because there is no need to convert different fiat currencies. for example Japanese people can receive USD-backed stable without needing to convert to Yen. and cheap cost
member
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It's hard to say at this moment. But surely stable coins are a very important part of this whole market. Normally at this moment people use stable coins to hold value when market is volatile and for trade also. Other that that normally those who accept crypto go for bitcoin. But in near future maybe some organization or individual start to take stable coins also.
full member
Activity: 1190
Merit: 100
People use stable coins for sure only to maintain their value. And for payment it is certainly very suitable, because the value is not volatile like bitcoin. So that for payment it is suitable for payment. Actually coins are stable in crypto as well as fiat $$$.
full member
Activity: 882
Merit: 102
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StableCoin is often used for payments because they are not much different from the dollar and also different from other crypto currencies. as we see when the market situation deteriorates but some stable coins can still maintain their value. but I don't think stable coins will be the future of cryptoqurrency.

And now tell me where are stable coins accepted as a means of payment? If cryptocurrencies accepted, then you will find shops and e-shops that accept BTC only, in some cases, they accept also LTC or BCH, but surely not USDT.  Cheesy
member
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It is undeniable that stable coins, for the time being, are the main attraction for Crypto investors. Although it can not be separated from the advantages and disadvantages, which is one of the advantages is the price movement is not fluctuating, but the drawback is that it might be very little when getting profit because of stable price movements.
full member
Activity: 1048
Merit: 101

StableCoin is often used for payments because they are not much different from the dollar and also different from other crypto currencies. as we see when the market situation deteriorates but some stable coins can still maintain their value. but I don't think stable coins will be the future of cryptoqurrency.
sr. member
Activity: 1638
Merit: 278
Stablecoins do have a future in the cryptocurrency world and as you can see every single day that USDT number is going higher and higher, I remember it being just one billion or maybe even less and now it is above over 9 billion dollars, it was under 6 billion just at the start of 2020 if I am not wrong.

So, I think they are getting a bigger and bigger portion of the pie. However people are here mainly to make money, and you can't make money from buying USDT and holding it, that will always worth 1 dollars and never change. Which means people will buy usdt and it may even be ranked number one eventually, yet nobody will actually consider it number one since the only thing we need USDT for is bitcoin itself, without bitcoin USDT worths zero to us.
full member
Activity: 826
Merit: 100
Stable coin is real deal for now in the crypto space, it has helped in a way, we are been able to minimize our loss by converting our assets many times to stable coin but then no one can predict what the future hold for stable coin.
Yes, in general stable coins are very suitable for holding temporary assets, because stable coins are a bit less suitable for trading, because the price increases and decreases are not too far like other Altcoins.
full member
Activity: 336
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Stablecoins are really easy to use, in different situations.
This is a good use case for cryptography and blockchain technology
copper member
Activity: 966
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In my own opinion, we only have one coin which is the future of the cryptocurrency space and that is Bitcoin. Talking about USDT, although it is the best stablecoin so far (or so I thought) but I think some people still don't trust it because of the various news and so forth about it. Although the stablecoins are very important to help curb the issue of volatility but that's where their useful nature ends however in the case of Bitcoin, it is something different which is all about trust and decentralization which has been seen over the years; this trust and decentralization in question is what a good number of projects lacks.
legendary
Activity: 2114
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I personally believe stablecoins have a prominent place now and mainly as a hedge against volatility and inflation. Also with DEFI becoming now huge, many people will want to buy stablecoins and park to earn 8-12% interest annually from the various DEFI platforms offering these kind of rewards. I mean why would I want to keep money in the bank earning me nothing, just to make the Banks rich, when I can just buy a stablecoin and park on Nexo, or BlockFi, Binance or wherever else, and earn a nice round daily or monthly interest for lending out my stablecoins? This will attract many old school investors into this place, boomers with money laying around gathering dust, and that's just one angle.
member
Activity: 1120
Merit: 68
Stable coins definitely has a future, but not in cryptocurrency because it ain't good as bitcoin and other top altcoins in the market. Stable coins are only good in making online transaction and using it as a safe asset because its just like fiat currency in digital currency.
hero member
Activity: 1218
Merit: 500
BintexFutures
As far as I know, many governments are trying to ban stable coins like USDT and others, if they become successful in doing so they would have no future.
sr. member
Activity: 1526
Merit: 251
What u mean future, if only for payment and for exchange money to stablecoin for avoid fluctuation market it will be, but if for marketcap, bitcoin and other crypto will still lead.
sr. member
Activity: 1232
Merit: 379
Stable Coin May Not Be The Future Of Cryptocurrency Coin and Payment, But The Fact It It Remain Stable And Falls A Bit Can Intrigue It Usage To Be The Future Coin,  Look At Facebook Libra Stable Coin That Would Be Used In Facebook App.
Stable Coin  Could Be The Future Used Coin From My Point Of View Because Most College And Universities Will Likely Be Using Stable Asset In Dealing With School Charges And Payment Method.
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Activity: 300
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FRX: Ferocious Alpha
Stable coin is real deal for now in the crypto space, it has helped in a way, we are been able to minimize our loss by converting our assets many times to stable coin but then no one can predict what the future hold for stable coin.
full member
Activity: 364
Merit: 105
Dolphins Finance TRUSTED FINANCE
in my opinion stable coins are very meaningful to the world of cryptocurrencies,
especially now that Tether has entered the third rank in Coinmarketcap and shifts Ripple, surprisingly
It caused by tether was always printing more and more new USDT while ripple has decreased a lot on its value caused by the dump by the foundation. That makes the inflation of ripple is so high and USDT able to surpass it.

Stable is actually will be the future of cryptocurrency
Tether is one or the most popular stablecoin and been used by almost trader in the cryptocurrency, I don't know how stablecoin has future because for me it is only used as a way to hedge against crypto market volatility due to its stability.
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