New stable coins will help altcoins

[kamal420]

We have witnessed the introduction of several stable coins into the market, the latest being the Gemini dollar and Pax, both of which have a good reputation with the government.I think they will have a good effect on altcoins in general as they can serve as trading pairs, causing less dependence on bitcoins.
Could this mean altcoins will grow independently of the price of bitcoin

[yousufatik20]

Regulated stable coins like Gemini $ will definitely help with crypto adoption. Having a way to move out of volatile cryptocurrencies is a must for all serious traders and investors. But there really needs to be more pairs with stable coins on exchanges, so you won't have to do double conversions from less popular alts.

[bdamenaakter]

Yes, New stable coins will help the whole market at large not just Altcoins, there is no need to move profit in and out of the crypto ecosystem when never one wants and also increases trading appetitie since one is having the money one the exchange but in a stable currency. I think we need more but must be done right and backed by true Fiat not algorithim

[vycl87]

We have witnessed the introduction of several stable coins into the market, the latest being the Gemini dollar and Pax, both of which have a good reputation with the government.I think they will have a good effect on altcoins in general as they can serve as trading pairs, causing less dependence on bitcoins.
Could this mean altcoins will grow independently of the price of bitcoin

Stable coins should helps itself, firstly. They need a trust which they have not now. People doesn't trust stable coins.