Alyze Sam: Stablecoins Are the “Gateway to Decentralization”

[sirty143]

Alyze Sam: Stablecoins Are the “Gateway to Decentralization”

The CEO of GIVE Nation sees stablecoins as a gateway for companies like Facebook and JP Morgan to decentralized... See more for yourself here.

Your opinion is greatly appreciated.

[Fenix]

I do not think that stable coins have much in common with decentralization in the field of financial assets. Stable coins provide us with many additional opportunities, however, they work on the basis of the usual currency of states, they only have a digital shell. Stable state coins will generally have little to do with decentralization. This type of financial asset is still developing.

[MrSpasybo]

I do not think that stable coins have much in common with decentralization in the field of financial assets. Stable coins provide us with many additional opportunities, however, they work on the basis of the usual currency of states, they only have a digital shell. Stable state coins will generally have little to do with decentralization. This type of financial asset is still developing.

I agree with Sam, stablecoins are the "Gateway to Decentralization".
Of course, stable coins as we know them are now pegged to major fiat currencies like USD or Yuan, they are also managed by some state agencies or organizations, not the entire decentralized network. However, they are widely accepted because they resemble digital money in our bank accounts. They are a gateway for people to better understand crypto & blockchain technology, they will help the future of crypto come sooner and easier for the whole world.

[kent47400]

Alyze Sam : The CEO of GIVE Nation sees stablecoins as a gateway for companies like Facebook and JP Morgan to decentralized...

Yes this is the best way (not the only way) to move forward to develop the cryptocurrency business with well-known applications such as JP Morgan, Facebook, Alibaba, Baidu etc.
Because in my opinion, with stable coins, they also entrust their money with the equivalent of USD, if they want to be on unstable altcoins, JP Morgan and Facebook will become a fatal sacrifice.

The logic is JP Morgan to save gold, the gold must be stable with the original FIAT market throughout the world, converted to cryptocurrency with stable ones such as USDT, USDC, BUSD.

[Senin]

Any stable coins are provided with the currency of various states. I do not think this is the gateway to decentralization. Everything is tightly centralized here. However, through stable coins, it is easier to get to know and understand the work of a decentralized cryptocurrency. When people massively begin to use stable coins as a means of payment, their interest in decentralized cryptocurrency should also grow.

[jonathancool220]

Stable coins have 2 words namely "coins" and "stable".
If we look at the meaning of the coin it must be racing towards the matter of "cryptocurrency".
If we look to "stable" then that means real money or "Fiat".

It is clear that the creation of a "stable coin" is the gateway to cryptocurrency entry.
We can trade if we don't have "Fiat" because with Fiat we can buy and sell all cryptocurrency. IMO !

[Alcor]

It is necessary to proceed from the fact that the cryptocurrency legalized by the states will be actively intertwined as a means of payment with various bank payment cards, various stable coins. All this will work together, there is no other way of mass use of cryptocurrency as a means of payment.
Stable coins can be viewed as a gateway between cryptocurrencies and the common currencies of states. We can say that it is a gateway between decentralization and centralization.