What is the purpose of stable coins ?

[svetlana]

Stability in cryptocurrency is needed so that you can safely store your funds. And until the coins are stable, the world will not be able to completely abandon fiat money and go electronic.

[Malam90]

Stability in cryptocurrency is needed so that you can safely store your funds. And until the coins are stable, the world will not be able to completely abandon fiat money and go electronic.

Exactly, i am agree with you. To maintain stability in cryptocurrency, stable coins has vital roles specially for perking my crypto balance in time of volatility. If there is no stable coins in cryptocurrency, we can't safe our trade balance or wallet balance in times of bearish or bull markets.

[superman22]

The purpose of stable coins are just hold your money at stable as possible fluctuate and thus, it is helping many small investor to hold so that if he/she wants to buy new coins during trade then it helps a lot to control money.

[wxxyrqa]

I think everyone has their own reasons for using a stable cryptocurrency,
but For example, I have a certain capital that I use to work in the cryptocurrency market, but I do not always want to keep my capital in any cryptocurrencies and therefore I choose the stablecoin USDT. And I don’t need to withdraw to a bank account or cryptocurrency all the time back and forth, and I don’t worry about fluctuations in the cryptocurrency market, since USDT is always stable.

[Bitstar_coin]

Believe me when the bear time comes and the whole market is crumbling then you will understand the real importance of stable coin, and if even during that period you didn't get it, then it will be hard to explain it to you,
but on a much simpler note, stable coins are like a safe heaven during the blood bath period, if you are able to edge your assets in stable coins during that time, you will feel happy and your value intact and can be able to buy back all your assets in 3x cheaper 

[Malam90]

Believe me when the bear time comes and the whole market is crumbling then you will understand the real importance of stable coin, and if even during that period you didn't get it, then it will be hard to explain it to you,
but on a much simpler note, stable coins are like a safe heaven during the blood bath period, if you are able to edge your assets in stable coins during that time, you will feel happy and your value intact and can be able to buy back all your assets in 3x cheaper 

Right, now investors and traders are realizing the necessity of stablecoins. If a trader perks his balance now on stablecoin and if market falls, his balance is safe and will be able to buy more amount of  coins that he sold at higher price. So, necessity of stablecoin in cryptocurrency inevitable.

[Carbitcoin]

Personally, I like stablecoins most of all for the ability to avoid losses when the cryptocurrency market falls. And also when exiting an asset, I also opt for the USDT stablecoin, especially if I'm going to take a break.

[wawan96]

We know that Stablecoins are designed to minimise price volatility. But now a days there are so many stablecoins in this industry. There are approx. 200 stablecoins till now. What is the main purpose of so many stablecoins ? Frankly speaking I have never used any stablecoins except USDT. What is your opinion about it ?

choose the most trusted stablecoins such as usdt and usdc, it is very popular in various exchanges for transactions, it is very capable of making the security of everyone's assets maintained and able to maintain the price with a fixed value not having too many changes so as not to get many losses choosing stable coin assets is the best choice.

[Malam90]

Personally, I like stablecoins most of all for the ability to avoid losses when the cryptocurrency market falls. And also when exiting an asset, I also opt for the USDT stablecoin, especially if I'm going to take a break.

Not only you, but also most of the traders use stable coins to convert their balance to avoid uncertain losses. Maximum use USDT, DAI, USDC and BUSD.

[Linda78]

choose the most trusted stablecoins such as usdt and usdc, it is very popular in various exchanges for transactions.stable coins are like a safe heaven during the blood bath period, if you are able to edge your assets in stable coins during that time, you will feel.TRC20 provides a 0 transaction fee, aka free of charge if the transaction is above 50 USDT.

[mahid]

Stable coins are usually moved from a fast lifting position to a fixed position. Its importance in the crypto market is infinite. That is the only way to protect your assets form volatility. Here I support USD and USDC as top stable coin.

[Rafiq]

Stable currency is very much needed for stability in cryptocurrency and development of cryptocurrency. Although there are more than 200 stable currencies in the crypto world, I have only used USDT, USDC and BUSD. Of these, USDT is the most popular and top stable in the crypto world.

[svetlana]

Personally, I like stablecoins most of all for the ability to avoid losses when the cryptocurrency market falls. And also when exiting an asset, I also opt for the USDT stablecoin, especially if I'm going to take a break.

After trading, I also transfer my deposit to USDT stablecoins since they are stable. If I leave my deposit in any cryptocurrency, then when the price falls, I will have to wait for its growth. And during this period, I will have to put other money on the exchange in order to continue trading.

[Freemind]

Stablecoins are made to eliminate the high volatility of cryptocurrencies. It has a value tied to a fiat currency. It can be, for example, the Euro or the Dollar. The most famous example of a stable coin is Tether (USDT). This stablecoin is currently among the top 10 cryptocurrencies. The intention is that the Tether is always worth as much as a Dollar. We can say that it is designed primarily to protect against falling prices and volatility.

[IyemRoker]

The essence of creating stable coins is to take advantage of the volatile movement of cryptocurrency between ups and downs in its trades every day.
With stable coins, all cryptocurrencies will continue to adjust prices and stable coins can also be looked for benefits when withdrawing transactions from all Centralized Exchange (CEX).