Stable coins are indeed very good, saves traders from imminent loss, and also lets keep fiat in digital form. But i do not think it is the future of crypto currency.
The future of crypto currency to me is to be an alternative mode of payment digitally, and then globally, bitcoin is very prominent amongsts all countries, and is the face and future of crypto currency.
Topic: Will stablecoins be the future of cryptocurrency? - page 6. (Read 1371 times)
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
Of course not, stable coins are a useful tool for traders and investors alike but they will not exist at all if it was not for bitcoin and the attention it got thanks to its innovative technology, stable coins are our connection the the old system and they allows us to get out of the market without actually really doing it and have to go through all kind of KYC policies, but make no mistake the future of this market is bitcoin and if a currency crisis begins to impact the world you will see bitcoin outperforming almost any other asset class with ease. Yesterday PolisPay just added 3 stablecoins as payment for the first time.
https://twitter.com/PolisPayApp/status/1247319714130546689
Well, they do have some sort of advantage honestly because they are literally the bridge between crypto world and fiat world. Think about any seller, they are working for fiat usually, they have a shop or a cafe or a grocery store whatever you can think of, if they accept bitcoin they may get richer due to volatility or they may get poorer, they can't risk their whole income on it so many of them do not start accepting bitcoin right away, however if you offer them an option to use USDT instead, and accept bitcoin which can be turned into USDT automatically and can than be withdrawn to fiat whenever they want, they may start to see it as an option to get more and more customers from the crypto world as well. It is definitely going to be a huge part of crypto world for sure.
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
Stablecoin traders prefer when they think the market will go down. Stablecoin one kind of crypto currency but it's like fiat. Its price is stable and easy to use as payment. But that doesn't mean it will be the currency of the future. I have doubts about the number of stablecoin currently available. There are many reasons why I doubt them.
Stablecoins doesn't have any independent existence as such. They are only used in those countries, where it is illegal to use fiat currency to trade crypto. And most of these stablecoins doesn't have much volumes outside the exchanges. They are being used as an intermediary, before the trader can convert his coins to fiat cash (or vice versa). Once the restrictions on the usage of fiat currency is lifted, the stablecoins may become obsolete.
Everyday more and more payment providers accept stablecoins like USDT and USDC as payment. Will they be the future of crypto?
It is hard to claim that stable coin will be the future of crypto as there is no guarantee that it will not fail, we have already seen failed stable coins in the market for example, NuBits and Basis and the reason for failure are different in both these cases and we all know about the issues for USDT and their transparency issues and their legal troubles, so to consider stable coins as the future you need to think about how you are going to trust the audits and how different countries will be regulating them.
what if there was a decentralized coin where the circulating supply was controlled by the users/stakers through voting in an attempt to stabilize the price but still allow for growth...
stablecoins will be government targets in the future, besides what is the point of people using stablecoins as a means of payment if altcoins exist? what was the purpose of creating altcoins? I see them talking about decentralization, so I ask again what is the point of using stablecoins as a means of payment? and what will be the use of altcoins in the future if stablecoins are used as a means of payment?
Future stable crypto ,not a future crypto this coins is just use as option to usd so individuals can exchange typically without the need of having it in fiat cash. The beneficial thing about usdt is on the off chance that you have that sum in a minute that the market crash you can without much of a stretch repurchase the coins you need to purchase. Without the necessities of deposting your fiat cash merchants like it in light of the fact that in time like surprising accident there is constantly an issue depositing utilizing bank move and other strategy
Depends if a decent company actually does this, maybe a company that is already big enough. For example Libra was seen as the big deal, there was so much attention towards it, was said to change the crypto future all by itself, but it didn't happen and now that there is corona I am sure not that many people work on it and its on standby for sure and not many governmental stuff going on neither so I suppose it will be postponed at least a year or so.
If Libra or anything like that happens from a company that is huge and known by everyone and has a huge legal standing, than stablecoins could actually become insanely high and could be just full on amazing to use as well, all around the world for everything basically.
If Libra or anything like that happens from a company that is huge and known by everyone and has a huge legal standing, than stablecoins could actually become insanely high and could be just full on amazing to use as well, all around the world for everything basically.
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
Stablecoin as the future of cryptocurrency? I don't see it that way, but what I believe is that stable-coin and crypto-currency are both useful in the industry because it gives the market more liquidity and more choices like trading in different pairs such as USDT, DAI, etc stable-coin was created for a reason, purpose, and function to make the cryptocurrency industry more attractive. Yesterday PolisPay just added 3 stablecoins as payment for the first time.
https://twitter.com/PolisPayApp/status/1247319714130546689
no, in my opinion stablecoin will only be used a lot when the economic downturn is as much as it is today. because the red line down has destroyed the market price, so to overcome this many choose to sell their volatile coins into stable coins. so many are forced to provide payment and receipt of stable accounts.
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
Why do you think stablecoins are the future of cryptocurrencies? I think Bitcoin and the leading altcoin in this market are the future of crypto. Stablecoins are accepted by many companies because they are stable like the USD, and companies will not suffer losses if the market collapsed when accepting payments Yesterday PolisPay just added 3 stablecoins as payment for the first time.
https://twitter.com/PolisPayApp/status/1247319714130546689
For me, Stablecoin will still exist in the future it will play a part in crypto space but I am not saying that stablecoin is the only future of cryptocurrency it is only a part of it. What do you think will happen if only stablecoin are left on the market? You can't trade anymore, you can't gain profits. Like trade USDT to BUSD with the same value not gonna happen. I believe bitcoin is the beginning and the future of cryptocurrency and also major altcoins.
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
This is what I saw also as most of the countries that will likely to create their own stable currencies in order to preserve the value of their digital money. There are few countries already that are planning or have launch their own local currency that will be use in their country so we can expect that in the future we will be using a stable currency if in case majority of the governments will not favor in using the existing crypto currencies out there. Yesterday PolisPay just added 3 stablecoins as payment for the first time.
https://twitter.com/PolisPayApp/status/1247319714130546689
But all of it will depend to the decision of every government and with regards to usdt and other stable currencies, there is a very less chance that they will be adapted by any country as their main payment system as most of the countries will likely to create their own in order to have a control of the said currency.
Yes they are the future of payments. USDT were being used to pay in one of the campaigns here in the forum that should say a lot for what stablecoin's use. Stablecoin has many use, hedging is just one which you as a trader will really find it very much of a relief when you move your money to it before the bear starts rallying.
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.
Its exactly what is should a fiat currency which is why Polispay accepted it.
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.
No it won't. Although it is stable in price thus a good one during bear market but it can hardly be the future of cryptocurrency. Remember it's usefulness is reduced when there is a bull market, that is, during bull market everyone tends to be in their desired coins to be part of the growth and vice versa. In my own opinion, they are serving their purpose and same is other coins, in some platforms as well they use BTC, ETH, name them and it all depends on what the platform wants for their users.
I like the concept of stable coins but none of the such coins are seeming legit as per my study. Here I am really afraid of most of the stablecoins currently in the market may end up like how liberty reserve was seized by US governments. So far all the stable coins in crypto space are just corporate coin which may plan up exit scam unlike most other decentralized coins are doing. Yes, I look for decentralized stable coins which only can survive beyond government regulations.
We cannot assume all the stablecoins are future of this cryptocurrency space; only very few may sustain along with us to serve us. But we cannot predict which is going to stay and it is going to die because we are still in the early stages of stablecoins era. But, I am expecting the decentralized stablecoins to be launched soon.
We cannot assume all the stablecoins are future of this cryptocurrency space; only very few may sustain along with us to serve us. But we cannot predict which is going to stay and it is going to die because we are still in the early stages of stablecoins era. But, I am expecting the decentralized stablecoins to be launched soon.
The volatility of the stable coins is not too high or low, and fiat money is work as the way we know. But the cryptocurrency has the volatility that will be different than the stable coins, and I think the other coins besides of stable coins will be the future because each coin will have potential to develop and grow more than the stable coins.
When the merchant wants to add stable coins for the payment systems, that means, they allow their customer to pay to use those coins because that coin is not too volatile. Their customer doesn't have to worry if the value will increase or decrease or adjust with the fiat money.
When the merchant wants to add stable coins for the payment systems, that means, they allow their customer to pay to use those coins because that coin is not too volatile. Their customer doesn't have to worry if the value will increase or decrease or adjust with the fiat money.
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