Stable Coins

[TupoAlts]

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.

[vaysar]

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.

[jonathancool220]

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.

[kulkhan]

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.

[kent47400]

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.

[vaysar]

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.

[Psycho]

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.

[Malam90]

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.

[Cristiano]

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.

[vaysar]

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.

[Malam90]

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.

[raisajahan]

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.

[Lutera94]

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.

[Carbitcoin]

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.

[Malam90]

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