Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Malam90 on February 15, 2021, 05:11:06 AM
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A few years ago, if you had heard that the U.S. government might mint its own digital currency, you might have dismissed the idea as starry-eyed futurism — or, less charitably, a joke. Digital currencies, such as Bitcoin, were the purview of speculators and coders, not stodgy central bankers. But this winter, the Federal Reserve announced that it’s investigating the possibility of issuing its own digital coin. Speaking at Stanford, Federal Reserve Governor Lael Brainard noted that the “potential for digitalization to deliver greater value and convenience at lower cost” has piqued the interest of the traditionally risk-averse institution.
For now, the Fed’s interest in digital currency might be most notable as a sign of how the world has changed — and where the winds are blowing. Because just as Paypal and eBay (or Alipay and Taobao, if you prefer) revolutionized how people shopped online and Amazon changed how people shop, full stop, digital payment services — powered by blockchain technology — could be the next great upheaval in global e-commerce growth. For that to come to pass, however, four conditions need to align: appropriate technology, consumer demand, corporate champions, and an amenable regulatory environment.
The question is how. For all the hype around blockchain — the open-source digital ledgers that many have argued will do everything from make cash obsolete to remake the global economy — it can sometimes seem like a solution looking for a problem. While it has found a place in niches such as supply chains and digital IDs, problems like price volatility and the need to comply with the existing regulatory framework have prevented mainstream adoption in currency. But now, one promising category of cryptocurrencies known as “stablecoins” seems poised to succeed where its predecessors failed. Uniquely positioned to act as a medium of exchange in e-commerce, stablecoins enhance both the efficiency and reach of e-commerce. Source (https://hbr.org/2020/05/is-stablecoin-the-next-big-thing-in-e-commerce)
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For many cryptocurrency users, as well as for businesses, it may be more profitable to use stablecoins on the blockchain than other cryptocurrencies. I believe that there really is a very great future for stablecoins, in the absence of volatility, however, the main task is to be really stable and safe, with some support for national currencies or other values.
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I think stable coins are just digital versions of fiat, and since they are pegged to fiat, their prices can be completely manipulated by the government. It is just a bridge for fiat & crypto, and it is a store of value when the market fluctuates.
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Yes it can say stable coin is the next Just a version of the digital currency of the future.I believe that e-currency lead will be given to the next world through digital currency.so their is good opportunity for e-Commerce.we can easily do our transaction.
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Traders knows it best ha ha Though I am not a trader but I know that stable coin is traders best friend. Stable coin paired with a volatile one makes it a more stable profit in the long run.
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Traders knows it best ha ha Though I am not a trader but I know that stable coin is traders best friend. Stable coin paired with a volatile one makes it a more stable profit in the long run.
This is not matter that you are a Trader or not becouse Stablecoin is very important on crypto world and if you are a worker of Crypto then you need Stablecoin for your portfolio security.
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I don't see anything big about accepting stablecoins on e-commerce because there won't be an addition or subtraction to the value whatsoever except the comfort of having a fast and peaceful transaction, stablecoin will always remain as stablecoin.
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For many cryptocurrency users, as well as for businesses, it may be more profitable to use stablecoins on the blockchain than other cryptocurrencies. I believe that there really is a very great future for stablecoins, in the absence of volatility, however, the main task is to be really stable and safe, with some support for national currencies or other values.
that would be great if we could do transactions using stable coin because as an example now i pay nothing to transform my money from binance chain to another binance chain using busd,but i need to pay 30$ to do a transaction using eth blockchain..
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I am sure what the OP wrote because this stable coin is designed exactly the same as real Fiat money, from the same price and supply, so that the name stbail coin is created in the digital world.
In my country, there are a lot of marketplaces that use stable coins like Lazada, Shopee, and Tokopedia. All of them use stable coins that are designed exactly the same as Fiat Indonesian Rupiah for every sale.
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E-Commerce should be very open to stable coins because this will certainly make it easier to trade with cryptocurrency.
But there are those who have weaknesses because the transaction requires a hefty fee, if the normal Fiat fellow is free or the fee is small but for stable coins like ERC20 this is very expensive for the fee, is this the latest problem with stable coins?
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I Strongly Believe Stable Coin will Big Thing in E-commerce. Still we are seeing Some Stable Coin Released POS Software for E-commerce Payment. It Is Great News For All Cryptocurrency Lovers. I Think It will Increase More and more in Future.
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This stbail coin has indeed become E-Commerce because it is very supportive of trading in the altcoins and Bitcoin markets.
It's just the difference between E-Commerce for this stable coin from Cryptocurrency.
E-commerce that is well known like Alibaba, E-Bay and Amazon is a real product type because almost everything that is sold there is for daily needs.
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The cryptocurrency space always provides the best for its respective markets because loyal markets in cryptocurrency always make a difference.
E-Commerce can indeed be an example of how successful the journey of the digital world is for every transaction and the proof now is that E-Commerce around the world is very advanced and successful.
Stable coins should also be able to enter E-Commerce so that the adoption of cryptocurrency is starting to be widely known throughout the world.
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I think your post will make everyone who is just starting their business on the Internet think about it.
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consecutive weeks of [stablecoin] inflows indicate that investors may be selectively increasing digital asset exposure after shifting defensively.”
The crypto market has been battered this year—along with U.S. stocks—as investors put their money into what are perceived to be safer assets, like the U.S. dollar, and avoid risk.
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I think The FED doesn't need to bother making stablecoins, they already have USDT, they can work together if The FED needs a stable coin to be minted, but in fact The FED looks like it wants to acquire any financial system they deem profitable, Crypto doesn't need rules but everything works because the community is good and willing to work together
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I think stable coins are just digital versions of fiat, and since they are pegged to fiat, their prices can be completely manipulated by the government. It is just a bridge for fiat & crypto, and it is a store of value when the market fluctuates.
Governments can manipulate the CBDC they issue, but not private and commercial stablecoins. Although non-state stablecoins will be regulated on a par with cryptocurrencies. But so far, very few CBDCs have been released, so it's hard for us to compare them with each other. But practically CBDC is an improved version of non-cash payments of the state and it is not a cryptocurrency.
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I think The FED doesn't need to bother making stablecoins, they already have USDT, they can work together if The FED needs a stable coin to be minted, but in fact The FED looks like it wants to acquire any financial system they deem profitable, Crypto doesn't need rules but everything works because the community is good and willing to work together
USDT is a private, not government stablecoin. Therefore, it will not suit the United States as a state. The state will not use money that is not its own, which it cannot control. Therefore, they will definitely release their own CBDCs there.
As for regulation, cryptocurrencies also need some regulation. Otherwise, without certain rules of circulation, arbitrariness, fraud and mass theft will reign in this market. Participants in bounty campaigns see what the lack of rules leads to. The project team wants to pay bounty participants with their tokens, but if they don’t want to, then they don’t pay.