Stable coins

[aiviaa485]

If it is not stable then the name Collapse will occur.
I still remember when the USDT was dumped by the Core Team but it was returned again to a stable price and I still remember that.

[Somyt]

I think the coin is good and has a good concept and also the price tends to be stable for me bitcoin, because bitcoin is also the number one coin and also has promising potential in the future.

[Bit]

Do you think that stable coins will have any effect on the volatility of cryptocurrency?

What effect do you mean? I think stable coins cannot influence the volatility in crypto space. I don't see something from stable coins that is worth to stop volatility. Although it is a coin like USDT, it also has volatility, but the volatility is not really high.

[Peter90]

Stable coins increase convenience when working with cryptocurrency. It is convenient to withdraw funds from a coin or token, which began to fall in price. It is always a kind of buffer between cryptocurrency and fiat, or between separate types of cryptocurrency, if there are no direct trading pairs or funds, for various reasons, you need to hold it for a while until a certain date or event.

Very true

Reasons People Use Stablecoins

1. Exchanges: Cryptocurrency traders can reduce their exposure to Bitcoin by selling their Bitcoin for stablecoins. This allows traders to keep their wealth on an exchange without converting back into fiat. This is useful for two reasons.
First, many exchanges take days to convert fiat into crypto, which means investors must wait to trade.
Second, converting back into fiat means a tax bill is coming soon, since most exchange on- and off-ramps now require KYC-AML.

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https://ingoldwetrust.report/wp-content/uploads/2019/05/In-Gold-We-Trust-2019-Extended-Version-english.pdf
p247

[Parna]

There are so many projects that want to create their own stable coin backed by Fiat currency these days.
Do you think that stable coins  will have any effect on the volatility of cryptocurrency?

the stable coins at this time is news that is currently being discussed, especially when US president gives a stable coin opinion, most likely this is a signal because a large adoption at stable coins will occur in the future.

[Knaw]

I think stable coins are needed to increase profits more easily by using trading every day on the market, because for me stable coins are also a great way for us to last longer, seeing stable coins also has good developments in the future.

[Alcor]

Stable coins are needed for ease of use of conventional cryptocurrency. It makes no sense to buy it and simply hold it, since, unlike the usual decentralized cryptocurrency, they do not make a profit. We still need stable coins, especially those that are issued by states, and not by individuals.

[abdmuiz]

coincidence needed in this market will avoid treder from very high market volatility I myself hold a few stable points on the exchange that I follow....