I believe in the future of stable coins because they are needed on the market. Not for traders, but for mass adoption
of cryptocurrencies as the merchants accepting crypto are not willing to deal with the volatility.
I believe in the future of decentralized stable coins like DAI without any backing by $ or any other assets.
Topic: Will Stablecoins have a future? - page 9. (Read 16442 times)
Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past.
NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
Well I guess stable coins will be a part of private company's asset since no one will trade a stable coin. Having stable coins is like having a fiat version on digital world, no intrinsic value just a fixed value on it. Surely, stable coins will be important on paying fees and taxes since it is less volatile. NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past.
NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
Well, the coin is stable, i think the future will be stable if they not scamming peoples.
Stable coin means the price won't change, there won't be any profit, or loss when holding that coin.
so, i don't know what will be the advantages of holding stable coins.
Why do people need stable coin that will not bring them profit? Stable coins are useful about keeping money constant and paying less fee. Also, the possibility that it can turn to zero at any moment is the other reason not to use it.
price stability should be thumbs up as a form of future investment and everyone wants a stable reality yeah, crypto investors want the same thing even though in reality the current stable prices are not in sight. long-term investments like that are not profitable for me
They are a pretty good method to stay out of the market and be ready to invest in crypto currencies, so I believe that yes, they are going to have a future. But I also think that we do not need 20 stable coins on our market.
Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past.
NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
I believe the stable coins have a future and will just be around cryptocurrency till the end of time. Besides, the price of the stable coins is fixed. People will not purchase them with the motive of making profits. They can't be dumped. NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past.
NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
Stable coins are not really for invesotrs,it is used commonly by the traders to save their profits when coin dumps and they will later convert into crypto once the price reached bottom so the stable coins will have future until the cryptos are traded but it is nothing to be considered as an investment since the price is not going to bump and also deflation gets the value of holding to be declining on days passes. NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
stablecoin has many enthusiasts now, the reason is to facilitate the storage of their assets in the form of crypto, or leave Fiat money, so I think stable coin has a quality that is qualified to survive in cryptocurrency.
I don't think it's a problem that tether gone below than $1 because there's a system of burning coin by the dev team ro maintain the price. It's easy to hold out the price of tether in $1. If price goes down, dev team will burn some coins which we have observed some days ago, if price goes high, dev team will increase the supply to maintain the price.
Stablecoin is necessary for having a better profit since all of the cryptocurrencies are widely volatile and for taking profit, there's no other alternative of stablecoin.
Stablecoin is necessary for having a better profit since all of the cryptocurrencies are widely volatile and for taking profit, there's no other alternative of stablecoin.
If these stable coins are holding usd in return they won't be a nuisance. But I know most stable coins are not doing it. That's why they might have trouble in the future.
I will trust stablecoins if they are regulated, if a stablecoin fully comply to the regulations then that's the time i'll be using them, not to withdraw money but preserve the value in the future, which most of the crypto investors will be looking at future when the dump comes in.
I think that stable coins will remain on the cryptocurrency market, but there will be only a few, but not 10-20 as it is now.
stablecoin will live forever with a value that is minimally risky and this is useful for storing long-term assets, yes, stable points are sometimes under the price of $ 1 but not for a long time, stablecoin will be a real asset for the future
Stablecoins are essential for increasing liquidity and reducing volatility in this industry. During the next bull run, they will be needed for people to quickly trade out of cryptocurrencies while keeping their assets on the blockchain. In some countries, there is a tax advantage to using stablecoins as opposed to converting to fiat.
Im not a big fan of stablecoins as i think they are against the basic concepts of decentralization and free global market which forms the basis of crypto but then again i think they will survive and their volume will also grow because they can be used as hedge to crypto market and also they can be used as mode of payment as they are stable in price.
How does stablecoins are against decentralization? If people hate fiat so much then they should stay away from stable coins, there was need that's why they came into existence.
Im not a big fan of stablecoins as i think they are against the basic concepts of decentralization and free global market which forms the basis of crypto but then again i think they will survive and their volume will also grow because they can be used as hedge to crypto market and also they can be used as mode of payment as they are stable in price.
stable coins have always stuck out like a sore thumb because they are centralized tokens among decentralized coins in a decentralized market. it is true that for the past years people have been using a lot of them (evident from the trading volumes) and there has been a lot of them that get created every now and then (evident from the total number of individual stable coins!). but in the end there is a big flaw here and that is their centralization. it has created a serious point of failure.
you can't shut down bitcoin because it is decentralized but it is very easy to shut down USDT because all you have to do is to close down bitfinex and the company behind it and it will die in a blinking of an eye.
and the worst part is not even the fact that USDT will be worth 0 immediately. the worst part is the damage that such incident can cause to the whole market. and we may not see recovery for years after that .
you can't shut down bitcoin because it is decentralized but it is very easy to shut down USDT because all you have to do is to close down bitfinex and the company behind it and it will die in a blinking of an eye.
and the worst part is not even the fact that USDT will be worth 0 immediately. the worst part is the damage that such incident can cause to the whole market. and we may not see recovery for years after that .
Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past.
NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
For me apart from the peg to fiat that people always seek for, the most important thing is Trust in the coin. We need more Stable coins, for me it will be very important in the next bull run, if we have stable coins with Marketcap of $100 billion then I feel the $200k next price of BTC that people are suggesting is attainable
stable coin as a concept is a very good one because it is useful. people need a cryptocurrency that can act as fiat so that they can use it without needing to go through the banks and endure the problems they are causing them. so that concept will have a future and will grow.
but stable coins in reality are coins like Tether, etc. which are centralized, shady and sometimes not even stable. so the result is that these coins will not have a future and they all have an expiration date. it can be reached even when FBI or some other 3 letter agency kicks down their door and arrests them killing the whole coin or it can eventually be when they are replaced by decentralized version of themselves and worse case scenario is that they last long enough till bitcoin reaches maturity and mass adoption and becomes stable at $1 million and bitcoin is used instead of all of them.
but stable coins in reality are coins like Tether, etc. which are centralized, shady and sometimes not even stable. so the result is that these coins will not have a future and they all have an expiration date. it can be reached even when FBI or some other 3 letter agency kicks down their door and arrests them killing the whole coin or it can eventually be when they are replaced by decentralized version of themselves and worse case scenario is that they last long enough till bitcoin reaches maturity and mass adoption and becomes stable at $1 million and bitcoin is used instead of all of them.
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