Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Chomzzy on March 26, 2019, 07:46:53 PM
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It is estimated that the tether daily market volume is over $2 billion dollars.
This is actually huge and signifys that the tether market is congested and so there's need for the creation of more stable coin to dilute the pressure on tether.
What's your opinion?
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It is estimated that the tether daily market volume is over $2 billion dollars ~snip~
It means that there are many people around the world that are interested in utilizing stable coins. It is a good sign for the stable coins to continue their existence on crypto world. I think it will be used more and more in the future.
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It is estimated that the tether daily market volume is over $2 billion dollars ~snip~
It means that there are many people around the world that are interested in utilizing stable coins. It is a good sign for the stable coins to continue their existence on crypto world. I think it will be used more and more in the future.
With the little observation I have made, exchanges are trading on a high level using Tether. Tether will survive for the long run because of traders, cause no long term investor or even short term investors that will invest into Tether, cause it will not yeild anything.
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Currently Tether is a fiat-crypto bridge for the community to access crypto, while preserving the assets when the market fluctuates. UDST is the first stable coin and is supported by Bittrex so it is the most popular, although it is only supported by assets worth 70% cap.
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I think creating more stable coins will help reduce pressure from the few existing stable coins. This is because stablecoins are the only form of cryptocurrencies where you don’t have to worry about instability and volatility of cryptocurrency prices, and this, in my opinion, requires more stable backed cryptos coins to enhance crypto business activities.
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It is estimated that the tether daily market volume is over $2 billion dollars.
This is actually huge and signifys that the tether market is congested and so there's need for the creation of more stable coin to dilute the pressure on tether.
What's your opinion?
Really its a good point you noticed .There are more stable coin like USDC i think those are not perfect as tether is .So i think we need more stable coin like Tether .Hopefully we will get in the near future .
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Currently Tether is a fiat-crypto bridge for the community to access crypto, while preserving the assets when the market fluctuates. UDST is the first stable coin and is supported by Bittrex so it is the most popular, although it is only supported by assets worth 70% cap.
I wonder how the USDT will be used when a stable Libra coin works at full strength? It is already very much advertised, even before its release. Yes, stable coins play an increasing role in the world of cryptocurrencies and are very convenient to use. At the same time, they create the popularity of cryptocurrency and its more widespread introduction into our lives.
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The stable coin community has one more member and their competitor too, USDT, TUSD and PAX will have to compete and win market share. I look forward to the day Libra is officially listed on Coinmarketcap, maybe Libra can take 2nd place of Ethereum.
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The Stablecoin has a stable price and there's no way the value it's going to grow above I think that's why many people are adopting the use of Stablecoin because the price Will not go up and down and it's like has more adoption than of altcoins adopters with high volume we need more Stablecoin so that many people can still have opportunity to invest more on the Stablecoin.
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Currently Tether is a fiat-crypto bridge for the community to access crypto, while preserving the assets when the market fluctuates. UDST is the first stable coin and is supported by Bittrex so it is the most popular, although it is only supported by assets worth 70% cap.
I wonder how the USDT will be used when a stable Libra coin works at full strength? It is already very much advertised, even before its release. Yes, stable coins play an increasing role in the world of cryptocurrencies and are very convenient to use. At the same time, they create the popularity of cryptocurrency and its more widespread introduction into our lives.
I hope that Libra and USDT will not overlap, since I believe that Libra with Facebook will play the role of a payment system, which is very different from the task of USDT.
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It is estimated that the tether daily market volume is over $2 billion dollars.
This is actually huge and signifys that the tether market is congested and so there's need for the creation of more stable coin to dilute the pressure on tether.
What's your opinion?
In my opinion, such a stable coin, which can help ease the pressure on the USDT, can serve in the future as a stable coin of the Chinese government CBDC, which is still being finalized. However, the prospect of this coin is also huge.
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It is hardly worth worrying about. Stable coins are now developing very quickly. It looks like the USDT will soon have many competitors. This is the Chinese stable coin CBDC, as well as the US national stable coin, which its government has already announced.
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Maximum stable coins are supported by its central Bank and governments agencies. But unstable coins don't have any support. So day by day stable coins get more popularity.
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It is hardly worth worrying about. Stable coins are now developing very quickly. It looks like the USDT will soon have many competitors. This is the Chinese stable coin CBDC, as well as the US national stable coin, which its government has already announced.
After Facebook announced the launch of its stable coin, Libra, the governments of leading world states and their central banks seemed to wake up. Many began to declare the creation of their national stable coins. It seems that they will be serious competitors to a decentralized cryptocurrency. It’s even hard to say what people will choose as a means of payment.
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It is estimated that the tether daily market volume is over $2 billion dollars.
This is actually huge and signifys that the tether market is congested and so there's need for the creation of more stable coin to dilute the pressure on tether.
What's your opinion?
Actually I am not using this coin. For this reason I have no idea about this metter. But I am very interested to used this coin.
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Stablecoins. Yes, their price does not change, but they provide investment tools. For example, using EURG, you can make deposits tied to a particular cryptocurrency. Different investment strategies can be even more profitable if you just buy and keep these coins in your account. So I recommend taking a closer look at this technology.
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Stablecoin capitalization is an indicator of investor interest in the cryptocurrency market. It has already become noticeable that the emission of Tether tokens is growing along with the bitcoin rate. For example, for China, this is the only way to invest in digital assets after the close of exchanges in the country. Tether USD started this year at $ 5 billion, and now it is $ 17 billion. This shows that the Chinese authorities are ready to turn a blind eye to violations of the law.
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2 Billion USD for USDT circulation at the time the OP wrote this thread it doesn't feel at all looking at the current USDT market.
Look at the current USDT market it was around $ 18,446,136,425 and that was more than a few times that when the OP wrote the thread.
This is certain if everyone wants USDT to buy cryptocurrency with stable coins and their choice is USDT.
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It is estimated that the tether daily market volume is over $2 billion dollars ~snip~
It means that there are many people around the world that are interested in utilizing stable coins. It is a good sign for the stable coins to continue their existence on crypto world. I think it will be used more and more in the future.
I also think many people around the world are interested to Utilising stable coin. It is great news for all cryptocurrency users. Stable currency is need for transection and trade. It is very important for us.
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This Tether market is very popular with those who seek profit without being too hasty.
Because with other Tether and FIAT trades it can be profitable but it must be of a large value as it is with gold trading.
In my opinion, the Tether market is safer than others and this is definitely very reliable when the market is red like now in the market.
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Now, probably all countries will start issuing their stablecoins, Kazakhstan also wanted to release its own cryptocurrency - the digital tenge, which will need to be integrated into the global digital system of operations and exchanges as soon as it appears through the efforts of the G-20. We all see the digital economy approaching.
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It is estimated that the tether daily market volume is over $2 billion dollars.
This is actually huge and signifys that the tether market is congested and so there's need for the creation of more stable coin to dilute the pressure on tether.
What's your opinion?
You are right, I agree with you. It is necessary to create a more stable currency in the market to reduce the pressure of the tether.
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It is estimated that the tether daily market volume is over $2 billion dollars.
This is actually huge and signifys that the tether market is congested and so there's need for the creation of more stable coin to dilute the pressure on tether.
What's your opinion?
Really its a good point you noticed .There are more stable coin like USDC i think those are not perfect as tether is .So i think we need more stable coin like Tether .Hopefully we will get in the near future .
USDC and BUSD both is one the top 3 stablecoins after USDT. USDT is more popular than those but BUSD and USDC have huge chance to compete with USDT in the next time if increasing demand of stablecoins will remain continuous with this crypto market bull run.
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You are right, I agree with you. Currently, many coins need to be created in the market to reduce the traffic congestion of Tithar. If no coins are made, I think there will be a lot of traffic jams.
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Steblecoin DAI is also showing an increase in supply. MakerDAO's stablecoin Dai hit an all-time high of $ 1 billion this week, up 2,300% from early 2020.
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Steblecoin DAI is also showing an increase in supply. MakerDAO's stablecoin Dai hit an all-time high of $ 1 billion this week, up 2,300% from early 2020.
DAI is the stablecoin of MKR project. It was launched on November 2019 and within one year, it has showed upto the performance as a stablecoin. Day by day, its trading volume is increasing for the increasing demand. With the increasing deman, it is needed to extend its circulating supply. I hope its journey will be never stop. Today marketcap is $1.078 B.
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Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities.
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Tether is the most popular stable coin in the world thats why everyone trying to use tether, as a result market volume going to up Very brightly.but need to more stable coin in crypto market which is solid & potential. I can see that lots of coin are coming like BUSD. So Hopefully tether user decrease if good project coming.
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Guys, I will be very grateful if someone advises me, How can I create an official Tether wallet to store USDT, without using MyEtherWallet or for example Tron wallet. And what are the advantages of this approach to USDT storage.
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Guys, I will be very grateful if someone advises me, How can I create an official Tether wallet to store USDT, without using MyEtherWallet or for example Tron wallet. And what are the advantages of this approach to USDT storage.
Hi mate, i have found an article from where you will get full instructions of how to create official wallet of USDT from Tether.to and use it. I hope this article will help you fully from creation to verification. Article link (https://support.remitano.com/en/articles/1352589-how-to-use-usdt-create-usdt-wallet)
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It is estimated that the tether daily market volume is over $2 billion dollars.
This is actually huge and signifys that the tether market is congested and so there's need for the creation of more stable coin to dilute the pressure on tether.
What's your opinion?
Stable coins are the most sought after and make a profit to store assets so that they have a fixed price it will be difficult to change asset security is one of the main benefits that new stable coins must exist so that it is easy to buy the best so that the selling and buying prices are more balanced and have value sell the equivalent.
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This topic is very old. We can create new topic and discuss there. So this topic has been locked.