Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Tnoy30 on June 25, 2020, 04:18:28 AM
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As banks look to tokenize currency and USDT volume rises, experts see a bright future for stablecoins.
In a June 24 webinar put on by the Chamber of Digital Commerce, major figures from the crypto community spoke about the growing role of stablecoins.
Long-term view of stablecoins
One of the guests was Jeremy Allaire, the founder of Circle, which is behind USD-backed stablecoin USDC. On the subject of stablecoins simplifying payments all over the world, Allaire compared the prospective upgrades to many relatively recent developments that we take for granted:
Read on: https://cointelegraph.com/news/the-future-is-stablecoins-say-panelists-for-chamber-of-digital-commerce
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I agree with the view that the future is with stable coins. In the near future, we should see an almost complete digitization of the national currencies of states. Almost every state will have its own national stable coin, which will be a digital expression of their usual currency. This will greatly simplify and enhance their capabilities.
I was very interested in the fact that the securities market could be tokenized. This will mean a complete and global digitization of everything related to financial activities.
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Now there is information that more than 80 percent of all states are already considering the possibility of issuing their national stable coins, that is, their digitized currency. I am sure that over time this figure will increase. Many governments are now citing conclusive evidence of the benefits of using the central bank's digitized currency over their paper counterparts. Therefore, we can definitely say that stable coins of the states will actively develop and they will be widely used as a means of payment.
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I think this is an option or reference from Jeremy Allaire to choose and buy USDC because he is indeed the founder of the coin.
And if we look at it, Tether is wider in market and more universal than USDC.
But the point of the Chamber of Commerce is to stabilize prices with Fiat, it must be more secure and stable and Jeremy Allaire is the one who speaks first than Tether and PAXOS. Cmiiw
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No, the future is still the property of altcoins, which are not centralized and unstable.
We can look at Bitcoin, which used to be less than 1 USD and is now the king of all cryptocurrency markets.
If it only refers to stable coins, then I don't think there will be any progress for our choices because the stable name has no change at all.
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It is possible that stablecoins, namely the digitized currencies of the central banks of states, will soon take an important place as a means of payment worldwide. They can become a serious competitor to the current cryptocurrency as a means of payment, given that, in this respect, the cryptocurrency does not yet have its own infrastructure.
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I think stable coins can also lose trades.
So, allowing the coin to stabilize will also be difficult to make itself number 1 in cryptocurrency.
I often see something big being posted on the Telegram bot for stable coin transactions but in fact after that there was no increase for stable coins because those stable coins were used to buy altcoins.
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You just need to see how people will perceive the digitized currencies of the central banks of states. The Chinese digitalized yuan will be launched soon and after a while it will give us answers to many questions and there will be no need for theoretical disputes. I think that the digitized currencies of states will be supported by the population, since they will be confident in their currency, and it will be much more convenient to use than ordinary currency. In general, time will tell.
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In my opinion, the future of the coin is stable in the long term or short term because the coin is stable.
So until whenever this stable coin still has the same price in the same year.
So maybe in 2025 also the coin price is stable as usual and this is a stable investment, in my opinion.
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No, the future is still the property of altcoins, which are not centralized and unstable.
We can look at Bitcoin, which used to be less than 1 USD and is now the king of all cryptocurrency markets.
If it only refers to stable coins, then I don't think there will be any progress for our choices because the stable name has no change at all.
This is about the future of stablecoins as a means of payment. It is as a means of payment that stablecoins will be very effective. Altcoins are still very little used as a means of payment. They are still being bought more as a store of value in the hope of increasing their price and making a profit from their sale. Of course, altcoins have great prospects for development. However, at the moment they will be much inferior to stablecoins in terms of turnover.
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For the development of cyrptocurrency, Stable coins are essential. Without stablecoins, we can't retain our portfolio balance in times of volatility. To maintain stability in the cryptomarket, we need stablecoins like USDT, USDC, PAX, DAI and many more trusted coins which will play a vital role for building the future structure of cryptocurrency.
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No, the future is still the property of altcoins, which are not centralized and unstable.
We can look at Bitcoin, which used to be less than 1 USD and is now the king of all cryptocurrency markets.
If it only refers to stable coins, then I don't think there will be any progress for our choices because the stable name has no change at all.
This is about the future of stablecoins as a means of payment. It is as a means of payment that stablecoins will be very effective. Altcoins are still very little used as a means of payment. They are still being bought more as a store of value in the hope of increasing their price and making a profit from their sale. Of course, altcoins have great prospects for development. However, at the moment they will be much inferior to stablecoins in terms of turnover.
Today, altcoins are best used as an investment, a very unprofitable asset that, thanks to volatility, can bring good returns. But stablecoins are really the first steps towards cashless settlement using the blockchain. I believe the government should be more enthusiastic about this issue.