Topic: Will stablecoins be the future of cryptocurrency? - page 5. (Read 1388 times)
Stablecoins play an important role in Cryptocurrency trading, without which it would have been more of a war zone in a very volatile market. There is no problem for payment system accepting a stable coin so as to mitigate or escape the volatility with cryptocurrency but they don't get to gain from the profit in a bull run.
I think what OP is referring to is Central bank stable coins, like each countries coins that will back their Fiat, hmm yes they will be useful for those who like digital payments, some might even find these stable coins as the best safer option since it's from CB but people want life changing opportunity, this is where coins like Bitcoin will always comes first
It's certain that stable coins will always be in existence side by side with coins like Bitcoin and other very good altcoins in crypto space, most especially traders, they can't do without these stable coins, watching coins charts on coinmarketcap you can easily notice that stable coins aren't lacking behind it's because of their usefulness
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.
I like them because there a good way to hold coins in crazy times for example in the crazy crash that happened due to the corona virus recently..
I converted all my bitcoin to tether and It saved me thousands of dollars
Stablecoin was just kind of a normal altcoin in my opinion it has a great potential in the market price but I don't think it was profitable for long term, in the other hand having a strategy in selling altcoins or bitcoin might get you a few profit.I converted all my bitcoin to tether and It saved me thousands of dollars
I think bitcoin will be the future of cryptocurrency. Bitcoin is the most famous coin in the cryptocurrency. Many people are already using bitcoin and many people are supporting it. Because in bitcoin someone can gain and earn so much money. Someone can make their time and effort productive because of bitcoin. Someone can be very productive in their own way and in their desired time. These are all because of the most famous coin in the cryptocurrency, the bitcoin. You may have much money which you may use in paying your bills.
its yes because it is also a digital currency with a potential to minimize the volatility as a safebox of cryptocurrency which is commonly known as pegged, due to COVID-19 I think many investors also dive into stable coins use for digital payment for their daily needs.
However they do centralize funds in most of the cases so its not that all good about stablecoins.I hope they could be better in the nearest future, and would be lovely if one great stablecoin would have an easy cheap way to pay with it through physical card.
Stablecoins are good for crypto but I don't think that it is the future of crypto currencies.
They are good for crypto adaptation but for me it is their only use for now for crypto to be accepted as a payment method for some companies and they are good to invest in when the crypto is crashing down.
Stable coins are very useful and without them it will be extremely hard for crypto traders, if there is nothing to use as safe guard in crypto space it won't be good at all, look at BUSD from binance, the stable coin sees huge adoption since release, I'm so impressed They are good for crypto adaptation but for me it is their only use for now for crypto to be accepted as a payment method for some companies and they are good to invest in when the crypto is crashing down.
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
Will stablecoins be the future of cryptocurrency?
Nope the future of crypto currencies will be coins like Bitcoin or Monero. Fulfilling the best block chain use case. A plain boring money.
Stablecoins are good for crypto but I don't think that it is the future of crypto currencies.
They are good for crypto adaptation but for me it is their only use for now for crypto to be accepted as a payment method for some companies and they are good to invest in when the crypto is crashing down.
They are good for crypto adaptation but for me it is their only use for now for crypto to be accepted as a payment method for some companies and they are good to invest in when the crypto is crashing down.
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It could be possible, but that will depend on people who choose stable coins as the main crypto payment in the merchant, and the government agree with that. Without agreement from the government, the stable coins and the other cryptocurrency cannot be the payment method, and we cannot force people to use crypto as an alternative payment solution. But with the crisis that is happening in all country, the possibility to use crypto will be open, but still, we don't know if stable coins or other or both that will be used.
Bitcoin will be the future of crypto, without bitcoin crypto would not exist, so we owe that to the king.
Stable coins will just be part of the market as not all people are risk takers, some want to make their money safe and traders uses those stable coins when they are trading, so it's normal that there's a huge volume of transactions for stablecoins, and other purposes as well.
Stable coins will just be part of the market as not all people are risk takers, some want to make their money safe and traders uses those stable coins when they are trading, so it's normal that there's a huge volume of transactions for stablecoins, and other purposes as well.
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
Yesterday PolisPay just added 3 stablecoins as payment for the first time.
https://twitter.com/PolisPayApp/status/1247319714130546689
I believe stable coins are good, rewarding and ensures that nothing happens to your stored funds just like fiat, but can it realy be the future of crypto currency ?
Firms/ agencies that i am aware of, prefer to accept bitcoin as a mode of payment because of its tendencies to soar and get increased in price and value.
With bitcoin atms around the corner, and fiat - crypto option via binance now in over 15 countries, i believe the best is yet to come.
There is no difference between stable coin and the fiat currency, they both are centralized and they both can create currency our of thin air. So, I wouldn't call stablecoin as the future of cryptocurrency. They are only another form of fiat and no more use of them. No crypto enthusiast would be interested in stablecoin ever because of their cebtralized nature.
If you have a shop and you want to add crypto as payment what coins would you use? I think 99% of shops would go with stablecoins operated by blockchain technology. Dash and Polis both are trying to be the future of payments and they will succeed only if they are backed by a stablecoin. Most likely that's the reason PolisPay added stablecoins to help with the payments.
its yes because it is also a digital currency with a potential to minimize the volatility as a safebox of cryptocurrency which is commonly known as pegged, due to COVID-19 I think many investors also dive into stable coins use for digital payment for their daily needs.
Stable coins will not be a future cryptocurrency . However , stable coins play a very important role in the cryptocurrency market . The most useful coins that help stabilized coins are USDT or USD . Since we all know that crypto currency market is a lot of volatile markets, So stable coins plays a very important role in that regard.
the future of crypto currencies? I do not think so. payment services in the future may receive a lot of stable coins in their company, but that does not mean stable coins are the future of cryptocurrencies
stable coins are not much different from fiat currencies because the price changes are not wild like Bitcoin and other cryptocurrencies
stable coins are not much different from fiat currencies because the price changes are not wild like Bitcoin and other cryptocurrencies
That's why payment services are favouring stable coins right now because of less volatility in the market. But one problem that I am seeing with stable coins are the owners of this project. Are they really truthful about their back up reserves for their coin? If the company managing that stable coin collapses, what will happen now to this stable coin? They will collapse also, right? So I don't think stable coins are the future of crypto. I still prefer crypto that is not manipulated by a group of people or few individuals. And that I think is still bitcoin. Maybe one day, price volatility will not be an issue anymore. Transaction fee/speed is already addressed by lightning network. In this regard, maybe we need to promote more of LN.
the future of cryptocurrencies? I do not think so. payment services in the future may receive a lot of stable coins in their company, but that does not mean stable coins are the future of cryptocurrencies
stable coins are not much different from fiat currencies because the price changes are not wild like Bitcoin and other cryptocurrencies
stable coins are not much different from fiat currencies because the price changes are not wild like Bitcoin and other cryptocurrencies
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
Yesterday PolisPay just added 3 stablecoins as payment for the first time.
https://twitter.com/PolisPayApp/status/1247319714130546689
Not actually the future, but maybe it will be the trend instead.
More like a way for countries to safely give crypto a try and see where things go from there. Either way, a stable coin is nothing more than a glorified alternate form of fiat (disguised as cryptocurrency) isn't? 
There is no difference between stable coin and the fiat currency, they both are centralized and they both can create currency our of thin air. So, I wouldn't call stablecoin as the future of cryptocurrency. They are only another form of fiat and no more use of them. No crypto enthusiast would be interested in stablecoin ever because of their cebtralized nature.
Agree, because of the decentralized and high violates that make cryptocurrency look attractive in investor's eyes. Remove that and we have stable coins which in the end, just like fiats. Then the question is clear, why use fiat or stable coins when we have cryptocurrency? Jump to: