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Author Topic: Why are these coins called stable coins?  (Read 1143 times)

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Re: Why are these coins called stable coins?
« Reply #15 on: April 09, 2022, 11:40:06 PM »
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Re: Why are these coins called stable coins?
« Reply #15 on: April 09, 2022, 11:40:06 PM »


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Re: Why are these coins called stable coins?
« Reply #16 on: June 12, 2022, 02:55:48 AM »
because stablecoins offer price stability, they are specifically designed to have the same value as a currency
[

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Re: Why are these coins called stable coins?
« Reply #16 on: June 12, 2022, 02:55:48 AM »
:)

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Re: Why are these coins called stable coins?
« Reply #17 on: June 14, 2022, 05:39:15 AM »
if in my opinion why is this coin called a stable coin because this coin is racing on USD so this coin is very stable, logically if the USD goes up then this coin also goes up because this coin is also influenced by real USD money.
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Re: Why are these coins called stable coins?
« Reply #18 on: June 14, 2022, 06:49:37 PM »
1. They are meant to be stable - less volatile than other coins
2. They are a digital representation of their fiat equivalent allowing you to value your coins or tokens in reference to fiat currency
3. They are thus expected to exchange 1 stablecoin for 1 Fiat currency or real money
4. Their stability is a result of the assumption that since they represent 1 Fiat real money they will behave like real money.
5. Recent development has shown that not all Stablecoin follows this strictly and so use some debt and algorithm to back their stablecoin.
6. In other words using something inherently unstable to back something stable
7 That is why several providers have moved to what you will otherwise call Digital Cash
8. Digital Cash is the assured 1:1 100% cash-backed stablecoin.
9. You can do your own research for Digital Cash and also
10. Read my post  "The Difference Between Stablecoin and Digital Cash"
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Re: Why are these coins called stable coins?
« Reply #19 on: August 04, 2022, 06:32:19 PM »
Coins whose value remains stable only come under the category of stable coins. Like usdt, BUSD, etc. They are also compared with usd.
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Re: Why are these coins called stable coins?
« Reply #20 on: August 05, 2022, 08:11:16 PM »
Now days stable coins in danger i think best stable coin is Busd because its binance coin so you can hold your portfolio in busd it will not down usdt any time can dump reason is to bitcoin to touch bottom this year.
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Aqua Staking
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Marketplace
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ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
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