Do we really need stable coins?

[Istiak]

The big investor will not take the risk to invest in the market if there is no stable coin. If you are an investor then you don't want to have BTC or ETH like a coin in your balance when its a bull run. Also stable coin help traders to do profit even in the bull market condition. So I think a stable coin is very useful for traders to minimize their loss do more profit.

[zombieroadie]

In fact, i think a perfect cryptocurrency would be eventually more or less stable. This sounds weird but if we want it to replace fiat we should face it. So yeah, stablecoins are good IMO

[ellessar]

Stablecoins are fine only when it's temporary and they aren't able to fill the gap between crypto and fiat money when it comes to the adaption or global usage - not a single cryptocurrency is able to do this, so I'll wait for something new to come up in the next decades, a new 'thing' maybe based on blockchain too, something that'll be able to fully replace fiat currencies.

[Ezzi]

Stable coins are not yet dispersed in the world, but everything is just beginning. The creation of national cryptocurrencies in countries such as China is actively underway and this will affect the global economy, taking into account exports and imports.

[Senin]

Stable coins are now needed by states. They have already seen the advantages and conveniences of digital currencies and will soon massively issue their national stable coins, which are actually their digitized national currency. Apparently, in a few years, almost every state will have its own stable coin. At the same time, states will not even be interested in how we feel about their stable coins.

[Ezzi]

Now there is an active development of cryptocurrencies in China, although officially there is no such stable coin yet. Coin testing is ongoing at the state level. Mass reception of cryptocurrencies in China at all levels is being prepared

[Ezzi]

Fiat currencies are very volatile. This is due to the virus and the closure of air services, river and sea transport. I think stable coins have a future in the current financial situation.

[Fenix]

Stable coins are now needed by states. They have already seen the advantages and conveniences of digital currencies and will soon massively issue their national stable coins, which are actually their digitized national currency. Apparently, in a few years, almost every state will have its own stable coin. At the same time, states will not even be interested in how we feel about their stable coins.

Yes, now we see that states have begun to actively develop their national stable coins for issue, and we can assume that in the future each state will have its own stable coin, which will be priced at their regular currency. This will have both positive and negative sides for a decentralized cryptocurrency, however, this process is inevitable and irreversible.

[RowanS]

As a penetration of the volatility value from Crypto I think it's very necessary. At least to keep our assets not too far from the word impairment.

[Andri937]

In this regard, I found the article about it, it's worth to check it I guess,https://this Url is blocked due to spam/en/blog/stablecoins-a-world-wide-battleground

[Master107]

At this current scenario, yes, we need stable coin to lesser the major risk with regards to zero profit. I believe there are disadvantages and advantages depends to market movement. To invest with this coin is upon our choices.

[Alter]

Yes, we need stable coins because it is the option in bearish time. There are some people to choose stable coins to keep their money during bearish. If we have no stablecoins, people must covert their funds to fiat. So, the stablecoins are needed in the crypto space.

[ShadowCrypto]

Yes, because we need to use fiat 24/7 for trading or anything else, when banks start to have a better system, allowing us to transfer money anytime stable coins will not be necessary but for now we need it because banks simply can't handle money 24/7.

[Absolutep]

Stable coin as of now is to bring some level of stability to the market. When there is dip people can change their assets to stable coin to minimize loss and that helps a lot. We really need stable coin for now at least to minimize our loss

[Nolbertino]

For me, the stable coin is hard to make a profit. So I prefer a coin that has fast movements. I do daily trades, so I can easily make a profit every day. As in the Binance exchange that many coins have a very fast price movement. But all the decisions are on you because there are people who choose stable coins for investment (because there are not many risks).