Why Stablecoin is so important in cryptocurrency?

[Malam90]

Stable coins are cryptocurrencies that try to offer the price stability with backed by reserved assets like USD, GOLD etc. In cryptocurrency, stable coins are created to solve many issues related to volatility and amplify to provide more utility. Stable coins are used as a method of parking money during the trade. It is also used as a base currency like USD. The first and foremost aim of using stable coins is to maintain stability that will help traders to retain their portfolio value against volatility. Traders, holders and users can know their portfolio value or transfer value with real assets like USD, EURO or Gold. In times of need or when traders or investors think this is time to stop their trade and keep their value before volatility, they can exchange their cryptocurrencies with stable coins. Job holders in cryptocurrency related firm can get their salary on the basis of stablecoins and remittance fighters can use it to send their remittance to their native countries within few minutes.

[kulkhan]

Stable currency is very important in cryptocurrency . It is not only important, it also very Necessary. Stable coin need for Balance all currency. I cannot think trade or transection without stable coin. USDT is important Stable coin. I  use usdt randomly. Without Stable coin Cryptocurrency Market will be Complected. So i think Stable coin is very important for Crypto-currency Market.

[Lutera94]

Stable coins are cryptocurrencies that try to offer the price stability with backed by reserved assets like USD, GOLD etc. In cryptocurrency, stable coins are created to solve many issues related to volatility and amplify to provide more utility. Stable coins are used as a method of parking money during the trade. It is also used as a base currency like USD. The first and foremost aim of using stable coins is to maintain stability that will help traders to retain their portfolio value against volatility. Traders, holders and users can know their portfolio value or transfer value with real assets like USD, EURO or Gold. In times of need or when traders or investors think this is time to stop their trade and keep their value before volatility, they can exchange their cryptocurrencies with stable coins. Job holders in cryptocurrency related firm can get their salary on the basis of stablecoins and remittance fighters can use it to send their remittance to their native countries within few minutes.

personally i feel that stable coin makes us extra advantage to earn more money. such a example if we convert our any crypto to stable coin when market going to down then we are safe for using stable coin. so its need to all crypto lover.

[ttcsalam]

I learned a lot of good information.You yourself are a very wise man.And your posts are very informative.Thank you very much.I think the stable coin will come in the next few days Will go to the leading position. And it will make the market much more sustainable.And I hope that will provide some additional benefits.

[saprakib]

Stable coins are cryptocurrencies that try to offer the price stability with backed by reserved assets like USD, GOLD etc. In cryptocurrency, stable coins are created to solve many issues related to volatility and amplify to provide more utility. Stable coins are used as a method of parking money during the trade. It is also used as a base currency like USD. The first and foremost aim of using stable coins is to maintain stability that will help traders to retain their portfolio value against volatility. Traders, holders and users can know their portfolio value or transfer value with real assets like USD, EURO or Gold. In times of need or when traders or investors think this is time to stop their trade and keep their value before volatility, they can exchange their cryptocurrencies with stable coins. Job holders in cryptocurrency related firm can get their salary on the basis of stablecoins and remittance fighters can use it to send their remittance to their native countries within few minutes.

Its a clear vision of stable coin. I have found a good details here why we really need stable coins. One if the thing i wanna mention that trading on pair stable coin makes your profit ratio high.

[kent47400]

The stable coin is more of a stable price and this has been evident from 2017. This is my Experience with USDT dan USDC on market local ,and i like it .
To balance this stable coin it should also have good funds from FIAT but it is very dangerous for other coins because for USDT this can be an escape from the price of Dump altcoins.

[vaysar]

Last month, Tether issued nearly half a billion coins in response to the rise in bitcoin and the increased activity of traders. More and more people come to the cryptoindustry, learn to trade, and understand the importance of stablecoins

[ttcsalam]

I think stable coins will definitely make a good position in the near future.But yes, it would not be bad if people started accumulating gold or diamonds.Because it is possible to earn income through stacking or swap.

[Malam90]

Last month, Tether issued nearly half a billion coins in response to the rise in bitcoin and the increased activity of traders. More and more people come to the cryptoindustry, learn to trade, and understand the importance of stablecoins

Exactly, dear mate. Tether had to issue nearly half Billion new USDT tokens after Bitcoin started bull run in the mid October. To maintain market market demand, they had to issue new coins and distributed 185M tokens to the exchanges. Tether marketcap has grown nearly 450% in the last 11 months which is extra ordinary performance or demand of USDT what we say.

[robert20]

Stable Coins are very very important for crypto market. Without stable coons people will face many problems. Because if the crypto market goes down all coins holders will get losses there is no way to stop losses without stablecoin. Because of stablecoin they can easily trade and make more profit. Stablecoins are a game changer for crypto trading

[Malam90]

Stable Coins are very very important for crypto market. Without stable coons people will face many problems. Because if the crypto market goes down all coins holders will get losses there is no way to stop losses without stablecoin. Because of stablecoin they can easily trade and make more profit. Stablecoins are a game changer for crypto trading

It is very important for a trader to keep safe his funds in a volatile market. Cryptocurrency is volatile he needs such a coin that can hold his portfolio value without drop or changes. Hence only stable coin can peg his asset value by exchange in stable coins. That's why we need stable coins in times of volatility market or even normal period. When i think this is time to remain from trade, i exchange to USDT and wait for further investigation.

[mrjoy15]

In cryptocurrency stablecoin is treat as conventional currency. It's kind of a digital asset that helps us to stick in profit even market moves in downward. It's designed to minimize the losses cause cryptocurrency market is extremely volatile to control.

[MOProgress]

The more stablecoins we have, the more chances the market has to continue its growth!I think an increase in the number of usdt stablecoin is a steep chance to gain a foothold above 20,000 in price!

[Malam90]

The more stablecoins we have, the more chances the market has to continue its growth!I think an increase in the number of usdt stablecoin is a steep chance to gain a foothold above 20,000 in price!

We need more stablecoins for the development of cryptocurrency and to retain the value of assets in volatility but we don't need any shit stable coin in future like shit coins that can't fulfill the demand of the investors and traders. Hence, USDT, USDC, BUSD can be inspiration of the new stablecoins.

[Cristiano]

Thank you very much.  You have presented very nicely why we need cryptocurrency stable tokens.  Thank you so much again for arranging it in such a beautiful way.  You have arranged it in such a way that others do not have any difficulty in understanding.