Will stablecoins be the future of cryptocurrency? - page 2.

Buttercup123

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Quote from: Smitty Werben Man Jensen on May 29, 2020, 11:03:06 AM

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

Stablecoin is can be used like digital dollars. Im not surprised why stable coin is popular with this falling market situations, because stable coins is very helpful specially for traders it protects it from the usual volatility of the cryptocurrency market.

CuriousGeorge

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Quote from: Smitty Werben Man Jensen on May 29, 2020, 11:03:06 AM

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

Jorge158

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Stablecoins will remain stable coins and serve their purpose as safe haven during market situations where investors remain indecisive about a particular movement. Other altcoins along with Bitcoin will spearhead the revolutionary movement of cryptocurrency making spending, sending, receiving, and storing of funds faster, cheaper, and easier.

coronga

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Not at all, stable coins are the same thing of fiat/government currency, it's good to send value but it's centralized currency, nothing centralized will beat the true and good cryptos.

Denreal

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Quote from: Google+ on June 12, 2020, 07:36:17 PM

I don't think there will be a cryptocurrency that will be stable, because I believe that cyrptocurrency price movements will always be there and no one can predict exactly how the price will move, whereas for now the best candidate in my opinion that is suitable to be used as a stable coin is USDT.

Sure, crypto can't be stable, but what is being discussed here is stablecoin being so popular in usage and might be what most people will sort after in future.
Most of those in the crypto space are here to make money. However, from the direct point of it, stablecoin cannot make you more money or profit. Although, it could be a measure through which profit can be made or as a hedge in adverse market condition. Holding it for long right not be advisable.

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I don't think there will be a cryptocurrency that will be stable, because I believe that cyrptocurrency price movements will always be there and no one can predict exactly how the price will move, whereas for now the best candidate in my opinion that is suitable to be used as a stable coin is USDT.

marks1976

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Quote from: Alohadanc3 on June 12, 2020, 05:49:07 PM

Stable coins are a very good concept in this space. And they are kind of useful. And now there is high acceptance for stable coin. And in future stable coin will take more market. But the future is very unpredictable. So it's hard to predict but still In my opinion stable coin has a great future. Let's see what happens in future.

Stable coin will be adopted by the merchants too and this si the best concept to be an alternative way for the fiat currency. It's easy to predict that the demand for stable coins are still increasing a lot and it's just a matter of time until it will be adopted globally.

Alohadanc3

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Stable coins are a very good concept in this space. And they are kind of useful. And now there is high acceptance for stable coin. And in future stable coin will take more market. But the future is very unpredictable. So it's hard to predict but still In my opinion stable coin has a great future. Let's see what happens in future.

Alohadanc3

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It's hard to give a statement that stable coins will be the future. But at this moment they have a great impact in the market. Cause people like and also need stable coin in market. And that's why you will see that there are in the market a lots of stable coin available. And in my opinion like now in future stable coins will be take a great role in market.

Smitty Werben Man Jensen

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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

irixo10

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Every platform out there adopts the cryptocurrency they think will meet their needs and thats the way I see it. All these platforms adopting stablecoins knows what they are after; some gambling platforms also uses Bitcoin, some other platforms also uses ETH, thus it can be seen the team knows what they are after. Therefore, I say vividly, stablecoins can't be seen as the future of this space, the only cryptocurrency which is seen as the future of the crypto space is Bitcoin and it won't change.

republicrypto

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Keep it Simple guys :)

Quote from: dingo25 on April 07, 2020, 02:21:33 AM

Everyday more and more payment providers accept stablecoins like USDT and USDC as payment. Will they be the future of crypto?

Yesterday PolisPay just added 3 stablecoins as payment for the first time.

https://twitter.com/PolisPayApp/status/1247319714130546689

nobody know, what will happend with cryptocurrency in the future,
but, in my opinion i choose bitcoin as the first and the king of cryptocurrency rather than any crypto inlcuding all pf stablecoins
regards

7788bitcoin

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Quote from: desticy on May 26, 2020, 05:32:41 PM

Private coins face resistance from regulators in various countries.
The SEC recently filed a ton of lawsuits against exchanges and ICO projects.
I do not think that cryptocurrencies will be able to make a real mass adaptation without the approval of regulators, for whom private coins are a bone in the throat.

In hindsight it is a good move by the SEC to protect people from scam projects, we had billions of dollars worth of scam in the past 5 years and if the scammers are still coming up with projects that are aimed at collecting money and dumping the coins and then walk away without any repercussion nor do they return the funds if the project fails to achieve the success they set out and how long do you think that the government will have a blind eye on a market like these.
Mass adoption is possible and you cannot coin bitcoin and the rest of the ICO projects as they are completely different.

Pecunia non olet

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No because thez do not solve anything new. Bitcoin is an alternative to the dollar, banks and other financial instituions, it is completelz a new ecosystem. But stable coins are not pretty diffrent from classic FIAT currencies.

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In my opinion, the future is very unpredictable so we could say stablecoins or new coins is the future of cryptocurrency. Stablecoins is good to invest especially to those who want to avoid a major loss so they chosde safe path but there are possibility that s new coins could have a big potential.

Nitt371

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I think yes.

Stablecoins allow for practical usage of cryptocurrency, paying for things in your daily life, but bitcoin has a similar feature.
In my opinion, cryptocurrencies will still exist in the future, not only stablecoins, but bitcoin, ethereum, and so on.
If the value of stablecoins is not affected by the rapid change in the crypto market, it’s very likely that stablecoins can be trusted to replace the fiat money we predominantly use today.

beerlover

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I am not seeing people to start using stablecoins instead of fiats unlike what OP is trying to emphasize here. Stablecoins may stay with us and may serve us for trading and easy moving funds across exchanges/borders and other than these I am not seeing any other applications from stablecoins to have brighter future like bitcoin is having. Hence, I believe it must be inappropriate to call stabelcoins to be the future of cryptocurrencies.

desticy

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Quote from: Samayuki on April 10, 2020, 11:10:15 AM

The future of crypto is Bitcoin and privacy coins, all together the future belongs to volatile coins not stable coins, I won't invest if I can't make gains from them either

Private coins face resistance from regulators in various countries.
The SEC recently filed a ton of lawsuits against exchanges and ICO projects.
I do not think that cryptocurrencies will be able to make a real mass adaptation without the approval of regulators, for whom private coins are a bone in the throat.

lobo13hf

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Quote from: unusualfacts30 on May 21, 2020, 02:16:55 AM

with more and more business getting onboard I would say it is in the future. it cant be used for investing and people who wants to invest still find safe haven in other crypto. it will probably be used for digital transactions in the near future but there is something lacking thats keeping that from happening.

china has already launched its digital stable coin and that makes sense if the stable coin will be the future of cryptocurrency, we must think to avoid the volatility and stable coin is the best solution.

We will see there will be a lot of stable coins in the market backed by real money.

TastyChillySauce00

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Quote from: unusualfacts30 on May 21, 2020, 02:16:55 AM

with more and more business getting onboard I would say it is in the future. it cant be used for investing and people who wants to invest still find safe haven in other crypto. it will probably be used for digital transactions in the near future but there is something lacking thats keeping that from happening.

tbh if USDT is not "that" opposed by the authority up there and don't need to face the legal hurdles if it about to become popular these stablecoins are actually the most suitable for digital payment among merchants. Although, if decentralized crypto could instead take over that place it will be even better.

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